Kingfisher Mining discovers new REE lodes in Mick Well drilling

Kingfisher Mining (ASX:KFM) has completed its co-funded Government Exploration Incentive Scheme diamond drilling program at Mick Well.

Revealing significant findings, the company identified rare earth element mineralisation and notable alteration zones indicative of potential larger systems at depth.

Drill hole MWDD001 discovered a new REE lode not previously identified at the surface, located approximately 250m from earlier drill sites.

Additionally, MWDD002 intersected over 200m of potassic and epidote alteration zones, perceived to be near carbonatite intrusion complexes.

The signs suggest substantial mineralisation possibilities. "We are very pleased with the results of the recently completed co-funded drill program. MWDD001 intersected a new undiscovered REE lode approximately 250m from our previous drilling and represents the presence of blind targets," said Warren Hallam, Non-Executive Chairman of Kingfisher Mining.

"MWDD002 intersected greater than 200m of broad zones of epidote and potassic alteration which can be used as a vector towards the carbonatite mineralisation,” Hallam added.

Disseminated copper sulphides, quartz veining, and multiple pegmatites were also identified.

The components will be assayed for base metals, gold, and lithium, with further analysis using Hy-Logger hyperspectral scanning planned to enhance mineralisation vectoring.

The program, partially funded with $200,000 from the EIS, tested key geophysical targets at Mick Well, with drilling planned at other identified locations.

Kingfisher Mining continues to explore the vast potential of its Gascoyne projects, with future efforts focused on extending and understanding the identified mineralisation.

At the time of reporting, Kingfisher Mining's share price was $0.075.