• Just the Facts: Kingfisher Mining discovers high-grade copper at Ring Well

  • Oct 10 2024
  • Length: 1 min
  • Podcast

Just the Facts: Kingfisher Mining discovers high-grade copper at Ring Well

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  • Proactive’s Tylah Tully breaks down ‘Just the Facts' of the latest news from Kingfisher Mining Ltd (ASXKFM). The company has announced the discovery of high-grade copper rock chips at its Ring Well prospect near the Mick Well Project in Western Australia's Gascoyne region. Surface sampling at the site revealed significant copper concentrations, with values reaching 20.2% and 21.6% copper from a mineralised outcrop extending at least 44 metres. This is the first exploration undertaken at Ring Well, as there is no record of previous drilling or surface geophysical data. Kingfisher Mining views this discovery as a promising opportunity and intends to extend the strike length while conducting deeper investigations to assess the full potential of the copper mineralisation. The company noted that this finding complemented other base metal opportunities identified in the region. The mineralisation at Ring Well is 12.3 kilometres from the rare earth element mineralisation at Mick Well and 5.4 kilometres from Kingfisher's other base metal deposits. Ongoing work, including co-funded diamond drilling, aims to establish the broader context of the copper mineralisation throughout the Mick Well tenure. Following this announcement, Kingfisher Mining’s shares rose 18.97%, trading at six cents per share. #ProactiveInvestors #KingfisherMining #ASX #JusttheFacts #CopperDiscovery, #HighGradeCopper, #RingWellProspect, #MickWellProject, #GascoyneRegion, #WesternAustraliaMining, #BaseMetals, #MineralExploration, #SurfaceSampling, #CopperMineralisation, #MiningStocks, #RareEarthElements, #ResourceExploration, #MiningInvestments, #DiamondDrilling, #StrikeLength, #ExplorationNews, #ASXStocks, #MiningShares #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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