Kingfisher Mining (ASX:KFM) completes drilling in WA – The Market Herald

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  • Kingfisher Mining (KFM) completes drilling on two of its projects in the Gascoyne mineral field in Western Australia
  • The company drilled 18 reverse circulation holes at the Mick Well and Kingfisher projects to test eight targets
  • The majority of the drilling was done on the MW2 target which aimed to define the dip and strike of calcite-magnetite-apatite veins and rare earth element minerals
  • KFM has sent samples to the lab for analysis and is expecting MW2 results in June, with results for the remaining targets expected in July
  • Kingfisher ends the day 11.4% in the green with shares trading at 24.5 cents

Kingfisher Mining (KFM) has completed drilling on two of its projects in the Gascoyne mineral field in Western Australia.

The company drilled 18 reverse circulation (RC) holes at the Mick Well and Kingfisher projects to test eight targets.

The majority of the drilling was done on the MW2 target where Kingfisher made a previous discovery of 12 meters at 1.12% Rare Earth Oxides (TREO) including four meters at 1.84% TREO.

Drilling at MW2 was designed to define the dip and strike of calcite-magnetite-apatite veins and minerals containing rare earth elements.

Kingfisher has sent samples to the lab for analysis and expects MW2 results in June. He expects results for the remaining targets in July.

Additionally, the Materials Stockpile conducted five ground-based radiometric surveys on five targets and compared the results to an airborne magnetic survey conducted in 2021.

The ground survey results showed good correlation with the airborne survey, however, no significantly better geological information was offered.

“We are very pleased to have completed follow-up drilling at MW2, as well as inaugural drilling for REEs on several other targets, just four months after announcing the REE discovery at Mick Well,” said CEO and Director. executive James Farrell.

“Our team is back in Mick Well this week for mapping and sampling; work that will be
greatly aided by the geological knowledge we have gained from the new drilling.

Kingfisher ended the day 11.4% in the green with shares trading at 24.5 cents.

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