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Kingfisher Mining (ASX:KFM) - Non Executive Director, Adam Schofield (left) & CEO and Executive Director, James Farrell (right)
Non Executive Director, Adam Schofield (left) & CEO and Executive Director, James Farrell (right)
Source: MiningNews
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  • Kingfisher Mining (KFM) identifies three new bedrock conductors at its Boolaloo Project in Western Australia
  • These conductors were identified via a helicopter-borne versatile time-domain electromagnetic geophysical survey
  • One of the conductors lies near the Erny Bore Prospect which has historically returned rock chip samples grading up to 8.06g/t gold
  • Drilling will now be undertaken later in the year to follow up on the conductors
  • Kingfisher is steady on the market with shares trading at 20.5 cents at 3:49 pm AEST

Kingfisher Mining (KFM) has identified three new bedrock conductors at its Boolaloo Project in Western Australia.

The Boolaloo Project lies roughly 160 kilometres west of Paraburdoo and past exploration has established the potential for the discovery of copper mineralisation.

Previous exploration has intersected up to 3.90 per cent copper and 2.70 grams of gold per tonne (g/t) as well as a significant strike of mineralisation spanning 1.5 kilometres.

These conductors were identified via a helicopter-borne versatile time-domain electromagnetic (VTEM) geophysical survey.

The survey was flown by UTS Geophysics and covered more than 20 kilometres of strike and an area of 165 square kilometres.

Two of the conductors are present in an area associated with previously identified laterally extensive alteration.

Additionally, one of the conductors lies roughly 100 metres along strike of the Erny Bore Prospect which has historically returned rock chip samples grading up to 8.06g/t gold.

Kingfisher CEO and Executive Director James Farrell says the company is pleased with the data and will undertake drilling later in the year.

“The conductors are within the range of response expected for copper and other base metal mineralisation and highlight the potential for the discovery of a deposit in this emerging copper province,” Mr Farrell said.

“The company is now prioritising drilling of the newly identified targets as part of the Boolaloo reverse circulation program scheduled for Q3 this year.”

Kingfisher was steady on the market with shares trading at 20.5 cents at 3:49 pm AEST.

KFM by the numbers
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