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GASCOYNE MINERAL FIELD

KINGFISHER MINING

MICK WELL AND KINGFISHER PROJECTS

The Mick Well and Kingfisher Projects are located approximately 230km east of Carnarvon, in the
Gascoyne region of Western Australia.

 

The Company recently made discoveries of hard rock and clay rare earth elements mineralisation at Mick Well. Both styles of mineralisation are
associated with carbonatites that intruded along a crustal-scale structural corridor, the Chalba Shear, which extends over a strike length of 54km within the Company’s tenure.


Significant drill results associated with the hard rock discovery of rare earths elements at MW2 include:

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  • MWRC004: 12m at 1.12% TREO with 0.21% Nd2O3 + Pr6O11 from 40m, including 4m at 1.73%
    TREO with 0.31% Nd    2O3 + Pr6O11 from 40m.
     

  • MWRC011: 4m at 1.03% TREO with 0.17% Nd2O 3 + Pr6 O11 from 29m, including 1m at 2.78% TREO with 0.46% Nd 2O3 + Pr6O11 from 32m.
     

  • MWRC011: 5m at 3.45% TREO with 0.65% Nd2O3 + Pr6O11 , including 3m at 5.21% TREO with 0.98% Nd2O3 + Pr6 O11 from 102m. The interval also returned 1m at 7.13% TREO with 1.33% Nd2O3 + Pr6O11.
     

  • MWRC013: 8m at 1.05% TREO with 0.19% Nd2O3 + Pr6O11 from 72m.

    Outcropping high grade REE mineralisation has also been identified 500m north of the MW2 drilling.
    The four parallel mineralised lodes are dominated by monazite and have been mapped over a strike length which exceeds 2.2km, High-grade rock chips returned from MW2 during the year include:
     

  • 40.02% TREO with 6.40% Nd2O3 + Pr6O11 (MWGS0708)
     

  • 21.55% TREO with 3.74% Nd2O3 + Pr6O11 (MWGS0769)
     

  • 21.13% TREO with 3.59% Nd2O3 + Pr6O11 (MWGS0484)
     

  • 19.60% TREO with 3.09% Nd2O3 + Pr6O11 (MWGS0490)
     

  • 17.95% TREO with 3.01% Nd2O3 + Pr6O11 (MWGS0488)
     

  • 15.19% TREO with 2.56% Nd2O3 + Pr6 O11 (MWGS0770)
     

  • 14.29% TREO with 2.23% Nd2O3 + Pr6O11 (MWGS0465)
     

  •  11.76% TREO with 1.98% Nd2O3 + Pr6O11 (MWGS0705)

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MICK WELL CLAY REE MINERALISATION 

Broad zones of clay hosted REE mineralisation at have also been discovered Mick Well. Geological interpretation has revealed a potential strike length of 6.5km for the mineralisation and drilling has delineated widths of 100m with vertical extents to 40m depth from surface. 
 

Significant new results from the clay mineralisation include:

 

  • MWRC020: 48m at 1265 ppm TREO with 257 ppm Nd2O3 + Pr6O11 from 4m, including 40m at 1367 ppm TREO with 278 ppm Nd2O3 + Pr6O11 from 8m.
     

  • MWRC021: 16m at 1156 ppm TREO with 228 ppm Nd2O3 + Pr6O11 from 8m, including 12m at 1301 ppm TREO with 259 ppm Nd2O3 + Pr6O11 from 8m.
     

  • MWRC027: 36m at 779 ppm TREO with 164 ppm Nd2O3 + Pr6O11 from 4m.
     

  • MWRC028: 48m at 1076 ppm TREO with 204 ppm Nd2O3 + Pr6O11, including 16m at 1580 ppm TREO with 325 ppm Nd2O3 + Pr6O11 from surface.
     

  • MWRC029: 20m at 734 ppm TREO with 146 ppm Nd2O3 + Pr6O11 from 32m, including 4m at 1020 ppm TREO with 237 ppm Nd2O3 + Pr6O11 from 48m.
     

  • MWRC030: 24m at 2345 ppm TREO with 470 ppm Nd2O3 + Pr6O11 from surface.
     

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Monazite sample MWGS0708 which assayed 40.02% TREO with 6.40% Nd2O3 + Pr6O11.

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Monazite (pale red) rich carbonatite samples MWGS0769 (left) and MWGS0770 (right) which assayed 21.55% TREO with 3.74% Nd2O3 + Pr6O11 and 15.19% TREO with 2.56% Nd2O3 + Pr6O11.

ARTHUR RIVER PROJECT

The Arthur River project is located approximately 50km northeast of the Gascoyne Junction. The project lies within the Gascoyne Complex and the geology of the area dominantly consists of quartzite, mafic amphibolite, ferruginous chert, marble and pegmatites.

Copper anomalism and historic workings are widespread through the project area, with historic rock chip samples returning results of up to 6.6% Cu. Early stage analysis by the Company has recognised a similar geochemical signature for Arthur River as Mick Well and Kingfisher.
 

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