Kingfisher Reports Q1 2021 Results

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Vancouver, B.C. – May 31, 2021 – Kingfisher Metals Corp. (TSX-V: KFR and FSE: 970) (“Kingfisher” or the “Company”) is pleased to report the filing of its first quarter results for the interim period ending March 31, 2021. Highlights over the period include:

  • On March 12, 2021, the Company completed its acquisition of all the issued and outstanding shares of Kingfisher Resources Ltd. and a concurrent financing totaling $6,030,000.
  • On March 18, 2021, the Company commenced trading on the TSX Venture Exchange under the symbol “KFR”.
  • The Company’s shares were accepted for listing on the Frankfurt Stock Exchange and commenced trading on March 25, 2021 under the symbol “970”.
  • On March 31, 2021, Kingfisher announced initial results from the 2020 exploration program at its 100% owned Goldrange Project, located in Southwestern B.C. Initial soil sampling returned highly anomalous gold grades up to 22.08 g/t Au with 30 samples over 1 g/t Au.
  • At March 31, 2021, the Company had C$5,949,772 (December 31, 2020: C$116,735) in cash and cash equivalents and C$5,820,392 (December 31, 2020: C$84,879) in working capital. The Company also has no debt.

Kingfisher continues to manage its costs and allocate the necessary resources towards its upcoming exploration programs at its Goldrange, Ecstall, and Thibert properties in order to maximize value for its shareholders.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 69,895,801 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.

CEO and Director

Phone: +1 236 358 0054

E-Mail: info@kingfishermetals.com   

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Kingfisher. In making the forward-looking statements, Kingfisher has applied certain assumptions that are based on information available, including Kingfisher’s strategic plan for the near and mid-term. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Kingfisher does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Kingfisher Strengthens Advisory Board with the Addition of Charlie Greig

Vancouver, B.C. – May 26, 2021 – Kingfisher Metals Corp. (TSX-V: KFR and FSE: 970) (“Kingfisher” or the “Company”) is pleased to announce the appointment of Charlie Greig to the Company’s Technical Advisory Board, effective immediately.  Mr. Greig has joined the team with the objective of providing technical guidance on Kingfisher’s 100% owned district-scale projects in British Columbia. Kingfisher’s Technical Advisory Board now consists of Greg Liller, Jim Miller-Tait, Zach Flood, Francis MacDonald and Charlie Greig.

Kingfisher CEO Dustin Perry stated, “We are very pleased to welcome Charlie to our technical team.  He has a long-standing track record for exploration success within British Columbia and adds another strong vote of confidence for the highly prospective projects that Kingfisher is exploring.” 

Charlie Greig, VP-Exploration for recently acquired GT Gold stated, “I’m very pleased to join Kingfisher in an advisory role. I was an early investor with Dustin and Dave, having recognized their drive and determination, and have been further encouraged with the addition of Gayle Febbo to their team. With all that energy, an exciting property portfolio with excellent drill targets, and with a recently completed financing, I look forward to what the field season brings.” 

About Mr. Greig

Charlie Greig is a geologist with forty years of geological experience, mainly in the exploration industry. He has worked on exploration projects, mainly as a mapper, ranging from grassroots to development. Charlie has mapped, or worked on, several projects which have subsequently been taken to production, including La India in Mexico (Grayd–Agnico Eagle), Wolverine in Yukon (Atna-Westmin, Yukon Zinc), Alamo Dorado in Mexico (Corner Bay-Pan American Silver), Bisha (Nevsun) and Emba Derho (Sunridge Gold) in Eritrea, and Brucejack (Pretivm) in B.C. He has also worked on a number of other advanced exploration projects including Asmara (Adi Nefas, and Debarwa, for Sunridge Gold), Red Mountain (Lac Minerals, Seabridge, IDM, Ascot), Casino (Western Copper and Gold), Silbak Premier-Big Missouri (Westmin, Ascot Resources), and the recently discovered Saddle North porphyry Cu-Au and Saddle South epithermal Au-Ag zones for GT Gold, for which he was awarded the 2020 H.H. “Spud” Huestis Award, by AME (the Association for Mineral Exploration of British Columbia) for significant contributions to enhancing the mineral resources of BC and the Yukon Territory.

Kingfisher also announces the grant of 360,000 stock options exercisable for a period of five years at a price of C$0.55 per share to various consultants, which is part of Kingfisher’s strategy to attract and retain talent. The options will be subject to deferred vesting over one year.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 69,895,801 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.

CEO and Director

Phone: +1 236 358 0054

E-Mail: info@kingfishermetals.com   

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Kingfisher. In making the forward-looking statements, Kingfisher has applied certain assumptions that are based on information available, including Kingfisher’s strategic plan for the near and mid-term. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Kingfisher does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Kingfisher Samples up to 20.1 G/T Gold in Rock and 8.4 G/T Gold in Talus Fines from New Discovery

Vancouver, B.C. – May 13, 2021 – Kingfisher Metals Corp. (TSX-V: KFR, FSE: 970) (“Kingfisher” or the “Company”) is pleased to announce sampling results from the newly discovered Day Trip Zone which is located ~3.5km southeast of the Cloud Drifter Trend on the Goldrange Project.  The Goldrange Project is located approximately 25 km south of the town of Tatla Lake with logging road access to the north end of the 367 km2 project. 

Highlights

  • Discovery of a 90 x 70 m zone of extensive gold bearing sulfide-cement breccias in float with grades up to 20.1 g/t Au.
  • Discovery of sheeted quartz-sulfide veins up to 6.7 g/t Au in outcrop.
  • Open-ended talus fines anomaly up to 8.4 g/t Au.
  • Identification of a previously unrecognized intrusive-hosted orogenic gold system similar in style and scale to the Cloud Drifter Trend.

“The Day Trip Zone was discovered over a 3-day trip last summer when David Loretto, Kingfisher’s President, and I camped in the alpine to try and explain a conspicuous gossan we had seen from the air.  The discovery of this new zone of high-grade gold mineralization ~3.5 km away from the nearest sample at the Cloud Drifter Trend highlights the regional prospectivity of the Goldrange Project.” Stated Dustin Perry, CEO.

The Goldrange Project covers a significant deformation zone with numerous precious metal veins across the project.  Mineralization at Goldrange occurs as orogenic gold and intrusion-related gold systems.  Several areas of historical hand mining are located within the project and date back to the 1930s.

The Day Trip Zone was discovered by prospecting a gossan formed from hornfels alteration of sedimentary rocks intruded by a Bendor Suite monzonite intrusion.  The area is situated on flat to low angled slopes on a mountain approximately 3.5km to the southeast of the nearest samples within the Cloud Drifter Trend in an area with no documented historical exploration.

Ridgetop talus fine sampling (85 samples) revealed an area over 500 m long of high-contrast gold anomalism (figure 1) with coincident anomalous Ag, As, Sb, Cu, Bi, Hg, Te, and W.  Talus fine sampling includes values from below detection limit to 8386.2 ppb Au (8.4 g/t Au) with 2 samples over 1 g/t Au and 9 samples over 0.5 g/t Au. 

Figure 1: 2020 Talus Fine Samples

Rock sampling (figure 2) at the Day Trip Zone outlined a 90 x 70 m zone of arsenopyrite-cement breccia interpreted to be subcrop.  The zone is located on an alpine plateau where transport of the material is unlikely.  Within the area of anomalous gold in talus fines, sulfide-cemented breccia rubble comprises ~20% of all rock in the area.  Subcrop material of sulfide-cemented breccia are up to 1m in length and 40 cm wide.  This zone of sulfide mineralisation is highly anomalous in gold with grades from 3.4 g/t Au up to 20.1 g/t Au with coincident highly anomalous pathfinders (Ag, As, Sb, Cu, Bi, Te, Zn, and W). 

To the west and slightly down slope of the area of sulfide-cement breccia is an area of intrusive-hosted sheeted quartz veins.  Quartz veins textures are indicative of a high-level epizonal setting and are up to 2m wide.  Within this area, samples range from below detection limit to 6.7 g/t Au.  The area has limited outcrop exposure with extensive quartz vein subcrop, potentially indicating that veins are more common than seen in outcrop.  Additionally, a float sample of sulfide-cement breccia occurs downslope of this area and returned 18.2 g/t Au and potentially indicates a second breccia body to the west.

Figure 2: 2020 Rock Samples

Geological mapping of the Day Trip Zone revealed a similar geological and structural setting (figure 3) to the Cloud Drifter Trend.  A Bendor Suite monzonite intruded Cloud Drifter Formation sedimentary rocks which overlaps with a regional-scale dextral faulting event which is associated with gold mineralization within the Yalakom Gold Belt.

A more detailed presentation of the results included with this release can be found on the Company’s website: Day Trip 2020 Rock and Talus Sampling Results.  Additionally, Dustin Perry and Gayle Febbo discuss the presentation in more detail: Goldrange: Day Trip 2020 Rock and Talus Sampling Results – YouTube.

Figure 3: Geology

Quality Assurance and Quality Control

Soil samples weighing approximately 250 grams per sample were delivered by company personnel to Acme Labs, a division of Bureau Veritas, located in Vancouver, BC, an ISO9001:2008 accredited laboratory.  The soil samples were prepared using the SS80 method by drying them at 60˚C and sieving to less than 180 μm (80 mesh).  A 30 gram split of the sieved soil sample was then subjected to a modified aqua regia digestion (1:1:1 HNO3:HCl:H2O) and analyzed for 37 major and trace elements using ICP-ES/MS (method code AQ252). Field duplicates were collected and submitted every 40 samples.

Rock samples were submitted to Acme Labs, a division of Bureau Veritas, located in Vancouver, BC, an ISO9001:2008 accredited laboratory. The rocks samples were prepared using the PRP70-250 method by crushing 1.0 kg of rock to =>70% passing through a 2 mm sieve. Two hundred and fifty grams was then pulverized so that =>85% passes through a less than 75 μm sieve. A 0.25 g split was then subjected to a 4 acid near total digest where the split is heated in a HNO3, HClO4 and HF solution to fuming, dried and then dissolved in HCL. The resulting solution was then analyzed for 45 major and trace elements using ICP-ES/MS (method code MA200). A 30 g split was analyzed for gold using a lead collection fire assay fusion that was then digested and analyzed using AAS (method code FA430).

A 30 g split of samples that assayed >10ppm gold and/or >200ppm Ag were analyzed using a lead collection fire assay fusion with a gravimetric finish (method code FA530). Samples that assayed for >200 ppm W, > 4000ppm Bi, Mo, Sb, >10000 ppm Cu, Pb or Zn were digested using a HNO3, HClO4 and HF solution to fuming, dried and then dissolved in HCL. The resulting solution was then analyzed using ICP-ES (method code MA370). Samples that assayed > 10000 ppm As were digested using a modified aqua regia digestion (1:1:1 HNO3:HCl:H2O) and analyzed using ICP-ES (method code MA370).

Qualified Person

Dustin Perry, P.Geo., Kingfisher’s CEO, is the Company’s Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has prepared the technical information presented in this release.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 68,945,801 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: +1 236 358 0054
E-Mail: info@kingfishermetals.com   

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: formulation of plans for drill testing; and the success related to any future exploration or development programs.

These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include; success of the Company’s projects; prices for gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company’s projects; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour- related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: risks related to the COVID-19 pandemic; fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar); operational risks and hazards inherent with the business of mineral exploration; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; legal restrictions relating to mineral exploration; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

Kingfisher Metals Announces Upsize of Private Placement Financing to $4.6 Million

VANCOUVER, British Columbia, May 10, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (“Kingfisher” or the “Company”) is pleased to announce that the Company has entered into an agreement with PI Financial Corp. (“PI Financial”) as sole bookrunner, to increase the size of the previously announced marketed best efforts private placement from C$4.0 million to up to approximately C$4.6 million (the “Offering”).

Pursuant to the amended terms, the Offering will now consist of (i) up to 5,450,000 charity flow-through units (the “Charity FT Units”) at a price of C$0.63 per Charity FT Unit for gross proceeds of up to approximately C$3.43 million; and (ii) up to 2,437,000 flow-through units (the “FT Units”) at a price of C$0.51 per FT Unit for gross proceeds of up to approximately C$1.24 million.

The aggregate gross proceeds raised from the Charity FT Units and FT Units will be used before 2023 for general exploration expenditures, which will constitute Canadian exploration expenses (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”)), that will qualify as “flow through mining expenditures” within the meaning of the Tax Act.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 68,945,801 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: +1 236 358 0054
E-Mail: info@kingfishermetals.com    

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer and Forward-Looking Information

Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Kingfisher. In making the forward-looking statements, Kingfisher has applied certain assumptions that are based on information available, including Kingfisher’s strategic plan for the near and mid-term. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Kingfisher does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Kingfisher Receives Drill Permit and Provides Corporate Update

Vancouver, B.C. – May 4, 2021 – Kingfisher Metals Corp. (TSX-V: KFR, FSE: 970) (“Kingfisher” or the “Company”) is pleased to announce its plans for the 2021 exploration season on its three 100% owned projects in British Columbia.

The Company has been informed that its Notice of Work Application for a 5-year drill permit at its Goldrange Project in southwest British Columbia has been approved.  The Goldrange Project is located approximately 25km south of the town of Tatla Lake with logging road access to the north end of the 367km2 project. 

The multiyear area based (MYAB) permit for the Goldrange Project includes diamond drilling from 20 drill pads and induced polarization (IP) geophysical surveys in year one. 

The proposed exploration program at the Goldrange Project will include 5000m of diamond drilling, IP surveys, and detailed regional exploration across the 367km2 project.  The Company has contracted Omineca Diamond Drilling to complete the drill program which will begin in early July with the proposed program totalling ~$3.3 million.  Camp construction, regional field work, and IP geophysics are expected to commence in May.

The 284km2 Ecstall Project is located at tidewater, 60km northwest of the resource town of Kitimat, B.C.  The Company will undertake a property-wide LiDAR survey in addition to detailed gravity geophysical surveys over high-priority Cu-Au VMS targets in preparation for drilling in 2022. The proposed program totals ~$0.4 million and is expected to commence in mid-July.

The 124km2 Thibert Project is located 40km north of Dease Lake, B.C.  The project covers 25km of strike length of the crustal-scale Teslin-Thibert Fault where approximately 200,000 oz of placer gold has been produced.  The Company has contracted Precision GeoSurveys to complete property-wide airborne magnetics and radiometrics at Thibert.  Additionally, detailed stream-sediment sampling will be completed across the project area aimed at refining orogenic gold targets for more advanced exploration in 2022.  The proposed program totals ~$0.3 million and is expected to commence in June or July.

“2021 is going to be a very exciting year for Kingfisher as we advance all three of our 100% owned projects.  We are very excited to complete the first-ever diamond drill program on the Goldrange Project which will test the highly prospective Cloud Drifter Trend.  Additionally, we will be completing detailed regional exploration across the district-scale project.  While this is happening, we will be further advancing our Ecstall and Thibert Projects and continuing to deliver value to our shareholders.” Stated Dustin Perry, CEO.

Qualified Person

Dustin Perry, P.Geo., Kingfisher’s CEO, is the Company’s Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has prepared the technical information presented in this release.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 68,945,801 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.

CEO and Director

Phone: +1 236 358 0054

E-Mail: info@kingfishermetals.com   

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: formulation of plans for drill testing; and the success related to any future exploration or development programs.

These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include; success of the Company’s projects; prices for gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company’s projects; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour- related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: risks related to the COVID-19 pandemic; fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar); operational risks and hazards inherent with the business of mineral exploration; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; legal restrictions relating to mineral exploration; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.