Kingfisher Mining confirms lithium-bearing pegmatites

(via NewsDirect)

Kingfisher Mining Ltd (ASX:KFM) CEO James Farrell tells Proactive the company has confirmed the presence of lithium-bearing pegmatites at the Chalby Chalby Project in the Gascoyne region of Western Australia. KFM used rock chip sampling over a 3.3-kilometre by 3-kilometre area to determine the project’s prospectivity for lithium, returning results up to 0.34% lithium.

The project sits along strike from the Thirty Three Suite pegmatites, which are known to host lithium at Delta Lithium’s Yinnetharra Project where initial drilling generated results up to 29 metres at 1.39% lithium.

“Our first-pass lithium exploration sampling has delivered exciting initial results immediately along strike from known Thirty Three Suite Pegmatites; the pegmatites that host Delta Lithium’s Yinnetharra Project which is just 45 kilometres to the northeast of our tenements,” Farrell said.

“A large area of pegmatite dykes has been identified at our new Chalby Chalby target, with highly encouraging initial lithium assays and fertility results providing a clear path forward for immediate follow-up to advance the lithium potential of our Gascoyne tenements.

“Our team is currently on site and work to advance our lithium targets will continue alongside our ongoing mapping and sampling which is targeting large-scale carbonatite intrusions.”

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