- Kingfisher Mining (KFM) completes drilling on two of its projects at the Gascoigne Mine in Western Australia
- The company drilled 18 backflow holes on the Mick Well and Kingfisher projects to test eight targets
- Most of the drilling was completed at the MW2 facility, the purpose of which was to determine the fall and impact of calcite-magnetite-apatite veins and minerals of rare earth elements.
- KFM sent samples to the lab for analysis and expects MW2 results in June, and results for other purposes are expected in July
- Kingfisher ended the day at 11.4 percent in green, and shares traded at 24.5 cents
Kingfisher Mining (KFM) has completed drilling on two of its projects at the Gascoigne Mine deposit in Western Australia.
The company drilled 18 reverse circulation (RC) holes on the Mick Well and Kingfisher projects to test eight targets.
Most of the drilling was completed at the MW2 facility, where Kingfisher made a preliminary discovery of 12 meters with 1.12 percent of total rare earth element oxides (TREO), including four meters with 1.84 percent of TREO.
Drilling on MB2 was developed to determine the fall and occurrence 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 on other targets in July.
In addition, the composition of the materials conducted five ground-based radiometric surveys for five purposes and compared the results with an on-board magnetic survey completed in 2021.
The results of the ground survey showed a good correlation with the on-board survey, but significantly better geological information was not offered.
“We are very pleased to have completed the next drilling on MW2 along with the first REE drilling at several other sites just four months after we announced the opening of the REE at Mick Well,” said CEO and CEO James Farrell.
“This week our team returned to Mick Well for mapping and sampling; work to be done
the geological knowledge we have gained from the new drilling greatly helps. ”
Kingfisher ended the day at 11.4 percent in the green with stocks at 24.5 cents.