KFM 6.15% 6.1¢ kingfisher mining ltd

Ann: Drilling Results Confirm Multiple Copper Zones at Boolaloo, page-2

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    MAIDEN DIAMOND DRILLING RESULTS CONFIRM MULTIPLE COPPER ZONES
    AT BOOLALOO

    Assay results from the maiden diamond drilling program at Boolaloo Project have
    been received, with multiple zones of mineralisation intersected at Copper Strike of
    up to 2.68% Cu and 0.49g/t Au, within a broader zone of 10.05m at 0.84% Cu and
    0.11 g/t Au.
    Detailed logging of the core has been completed, enhancing the Company’s
    understanding of the Boolaloo mineralisation and alteration minerals.
    Results will guide the upcoming RC drilling program which is targeting the strongest
    EM conductors in favourable structural positions; the target conductors are
    significantly stronger than the EM response from Copper Strike.
    Kingfisher Mining Limited (ASX:KFM) (“Kingfisher” or the “Company” is pleased to provide an update
    of the on-going exploration at its 100% owned Boolaloo Project in the Ashburton region of Western
    Australia.
    Assay results from the diamond drilling at the Copper Strike, K15 and K16 Prospects have now been
    received by the Company. The results include:
    10.05m at 0.84% Cu and 0.11 g/t Au from 23.15m, including 2.7m at 1.45% Cu and 0.14 g/t Au
    from 23.15m and 0.85m at 2.68% Cu and 0.49 g/t Au from 32.35m (BLDD003);
    0.5m at 1.54% Cu and 0.10 g/t Au from 38.7m (BLDD003);
    0.9m at 0.41% Cu and 0.03 g/t Au from 95.2m (BLDD003); and
    0.7m at 1.73% Cu and 0.08 g/t Au from 78.75m (BLDD001).
    Kingfisher’s Executive Director and CEO James Farrell commented: “Given this is our first drilling
    program, the results are very encouraging, with broad zones of alteration and mineralisation
    intersected at Copper Strike. The core samples have also provided valuable insight into the nature
    and style of mineralisation at Boolaloo.
    Even more exciting is the recently identified airborne electromagnetic targets, with conductors that
    are significantly stronger than the geophysical responses associated with the current diamond
    drilling targets. Of particular interest is the Erny Bore Prospect with a strong conductor and
    associated gold rock chips up to 8.06 g/t Au.
    The Company is now preparing to test the three new targets with RC drilling which will be completed
    this quarter.”
 
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