Kingfisher Mining (ASX:KFM) has begun a co-funded diamond drilling program at the Mick Well carbonatite pipe targets in Western Australia.
The company has been awarded $200,000 of co-funded for drilling at Mick Well, under the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) Exploration Incentive Scheme.
Drilling will comprise two holes for 1,200m of diamond drilling. The program is expected to take a month to complete.
At Mick Well, three large carbonatite pipe targets were identified through three-dimensional modelling of gravity and magnetics data. The targets all lie in the centre of a large area of outcropping carbonatites and associated fenite alteration at Mick Well.
Kingfisher Mining says the drilling will target the central and eastern pipes, with additional drilling planned in other locations.
Non-executive Chairman Warren Hallam says the program integrates the geophysical targets within an area surrounded by rare earths mineralisation and the carbonatite targets are potentially the source of rare earths mineralisation at depth.
“The successful awarding of co-funding vindicates the high-quality targets and technical work of the Kingfisher team to date,” Hallam says.
“Kingfisher is grateful for DEMIRS support in awarding the co-funded drilling. In addition to the co-funded drilling, the company is on the ground evaluating the base metal opportunities within the company’s tenement package.”
The company is continuing to conduct a review of historic base metal occurrences, while recent on ground surface sampling returned copper values ranging from 1.73% and 15.3% copper.
The base metal evaluation aims to investigate the presence of mineralisation not identified by existing geophysics surveys and previous wide spaced drilling.
Kingfisher Mining is a mineral explorer focused on acquiring, exploring, and developing mineral resource projects throughout Western Australia. The Mick Well Project lies in the Gascoyne region, where the company holds 938km2 of tenure.
Write to Aaliyah Rogan at Mining.com.au
Images: Kingfisher Mining
