Kingfisher (LON:KGF) Mining Ltd (ASX:KFM) has demonstrated the high rare earth element (REE) prospectivity of its Lockier shear projects in the Gascoyne Mineral Field of Western Australia, adding multiple new targets and extending the second mineralised corridor in the region to 30 kilometres of strike.
The company identified a further six large-scale targets alongside dozens of other discrete magnetic features, and a further 12 kilometres of prospective strike for the Lockier target corridor.
Total magnetic intensity for the Arthur River priority carbonatite targets and interpreted faults, targets marked LK1 to LK7.
Largest feature identified so far
“Our tenement-scale airborne geophysics surveys have once again led to the identification of more high quality and large-scale carbonatite targets, including a truly exceptional target which extends for over 9 kilometres and is comprised of numerous circular magnetic and thorium features which we interpret to be associated with carbonatite pipes and dykes,” Kingfisher Mining executive director and CEO James Farrell said.
“This is the most significant and largest geophysical feature we have identified so far, adding significantly to an already impressive pipeline of geophysical targets and zones of outcropping high-grade mineralisation.
The Lockier corridor, which hosts the Mooloo project target zone as well, has now been extended to a strike of 30 kilometres, offering a considerable amount of exploration potential alongside KFM’s nearby Chalba target corridor, an extensive 54-kilometre strike that holds the MW2 discovery at Mick Well Project.
Aerial image of the Kingfisher, Mick Well and Arthur River projects.
“World-class” REE potential
“The new targets at Arthur River together with our Mooloo Project extends the company’s Lockier target corridor strike to 30 kilometres; a target zone of significant scale which provides for a second target corridor within our Gascoyne tenure,” Farrell said.
“We recently announced a series new targets carbonatite targets along the Chalba mineralised corridor, which we hope to see develop into a world-class REE centre.
“We are now seeing similar high-quality targets emerging along the Lockier corridor.
“We remain amazed that these two mineralised corridors extending over a total of 80 kilometres have never before been identified for carbonatites and REE mineralisation and we are extremely excited as to the prospective opportunities ahead of us as we progress our exploration in this emerging region.”
Read more on Proactive Investors AU
