Kingfisher (LON:KGF) Mining Ltd (ASX:KFM) is on the ground and exploring along the Chalba and Lockier target corridors as it kicks off its 2023 field season.
The company says this is a ‘cost-effective’ program, designed to build value through methodical discovery-focused exploration for large-scale carbonatite targets it believes are associated with its other high-grade REE discoveries.
Exploration is expected to target large-scale rare earth element (REE) bearing carbonatite intrusions along the 54-kilometre Chalba and 30-kilometre Lockier target corridors.
High-grade REE mineralisation
The program builds on recently confirmed high-grade REE mineralisation at the MW2 discovery that included drill results of 5 metres at 2.63% total rare earth oxides (TREO) with 0.54% neodymium and praseodymium (Nd2O3 + Pr6O11) and 5 metres at 3.45% TREO with 0.65% Nd2O3 + Pr6O11.
These results are similar to those reported from Hastings’ Yangibana Project.
As part of the campaign, the company will conduct significant on-ground mapping to advance the existing high-quality carbonatite targets defined from the recent geophysical surveys, including the very large LK1 target which is more than 9 kilometres long and more than 6.5 kilometres wide.
Maiden drilling at the MW7 and MW8 REE discoveries, as well as infill and extensional drilling at MW2, will be deferred until the middle of the year as the company focuses on evaluating and advancing high-priority carbonatite targets ahead of anticipated drilling of those targets.
Geological understanding
Kingfisher executive director and CEO James Farrell said: “The program brings together the geological understanding we have gained from our recent high-grade carbonatite REE discoveries along with all of the results obtained from exploration work we completed in 2022 and the substantial target generation work completed this year from our new geophysical surveys.
“Having confirmed the high-grade REEs associated with carbonatites on the 54-kilometre-long Chalba zone, our value-building exploration activities are now strongly geared towards the discovery of large-scale ‘Mt Weld-style’ carbonatite intrusions which we interpret to be the source of mineralisation in our discoveries and our exciting high priority REE targets.”
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