Category: News

VANCOUVER, British Columbia, January 12, 2022 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce results from the 2021 Induced Polarization (IP) geophysical survey and geochemical sampling program at the Day Trip Zone within the Goldrange Project.  The Day Trip Zone is located approximately 5 km southeast of the Cloud Drifter Trend and was discovered by Kingfisher in 2020. Kingfisher’s 100% owned Goldrange project is located approximately 25 km south of the town of Tatla Lake in the Chilcotin region of Southwest British Columbia. 

Highlights

• Discovery of a very high, at surface IP chargeability and conductivity anomaly that underlies highly Au anomalous geochemistry and veins on surface.

• Geochemical sampling in 2021 expanded upon the 2020 talus fines survey increasing the footprint of anomalous (>100 ppb) Au in talus from ~50 m x 100 m to ~100 m x 450 m.

• The Day Trip target is fully permitted and ready for track mounted RAB drilling in May 2022. 

Dustin Perry, CEO of Kingfisher commented, “I am very excited to see how our mapping, geochemical sampling, and now IP geophysical survey have all validated this attractive target. These results confirm an excellent drill prospect on a brand-new area that we discovered in 2020 through our prospecting program.”

Target Overview

The Day Trip Zone covers a rounded to flat mountain top approximately 5 km southeast of the Cloud Drifter Trend (Figure 1).  The target is situated between two interpreted fault splays of the regional Ottarasko Fault.  High-density intrusive-hosted veins up to 2 m in width occur over an area ~100 m by 400 m.  Quartz veins from this area returned grades from below detection limit to 6.7 g/t Au.  Adjacent to the intrusion is a ~70 m x 90 m area of arsenopyrite-cement breccia in subcrop.  Approximately 20% of the subcrop material in this area consists of arsenopyrite-cement breccia and grades from 3.4 to 20.1 g/t Au.  Talus fine sampling in 2020 outlined a broad area of gold anomalism coincident with areas of gold in outcrop and subcrop that graded up to 8.4 g/t Au over the subcrop breccia area.  Rock and talus fine geochemistry both yield a strong multi-element signature of As, Ag, Cu, Bi, Te, and Pb associated with Au.

2021 Exploration Program

The 2021 exploration program at the Day Trip Zone consisted of 4.2-line km of Induced Polarization (IP) geophysical surveying in addition to 189 talus fine samples (Figures 2 and 3).  The program was designed to follow up on an area of arsenopyrite cement breccia subcrop adjacent to an area of intrusive-hosted quartz veins. 

Talus fine sampling in 2021 covered an area of ~400 m x 450 m. The 2021 talus fine sampling expanded the anomaly (>100 ppb Au) to cover an area measuring ~100 m x 450 m with talus fines collected in 2021 grading up to 1.0 g/t Au.

The IP geophysical surveying (IP Survey Inversions) delineated three domains with significant high chargeability values (>32 mV/V), the largest of which is broadly coincident with areas of known mineralization and talus fine anomalies. The strongest chargeability values (>60 mV/V) within the survey area are coincident with high conductivity responses on survey lines 3500, 3600, and 3700. The anomaly on survey line 3600 coincides with a 90 x 70 m subcrop of sulfide-cement breccia. The geophysical anomalies are open to the south, north, and southwest as well as at depth. No rock or soil samples have been collected in the western chargeable zones to date.

2022 Proposed Exploration Program

Track-mounted rotary air blast (RAB) drilling is planned to begin in May 2022.  Given the low snowpack in the area of interest, drilling can commence at the Day Trip Zone prior to the Cloud Drifter Trend. Drilling will focus on testing areas of coincident geophysical and geochemical anomalism within the area of sedimentary-hosted arsenopyrite-cement breccia as well as the intrusive-hosted vein domain. Track-mounted RAB drilling will allow for efficient and low-cost initial testing of this at-surface target.

Additional Claim Staking

An additional seven (7) claims (Figure 4) comprising 12,077 Ha have been staked at the Goldrange Project.  The majority of claims staked were focused along the northern, road accessible region of the project. Several drainages in the northern claims contain stream sediment anomalies for orogenic pathfinders including As, Sb, Bi, and Te identified in the British Columbia Regional Geochemical Survey (BC RGS). 

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 84,673,300 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.

CEO and Director

Phone: +1 236 358 0054

E-Mail: [email protected]   

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

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. 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.

VANCOUVER, British Columbia, November 16, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce results from the first four holes assayed from its 14-hole 4925.3 m 2021 program. Assay results for 10 remaining drill holes are pending. Goldrange is located approximately 25 km south of the town of Tatla Lake in the Chilcotin region of Southwest British Columbia. 

Highlights

The 2021 drill program targeted a small part (350 m) of the western end of the gold-in-soil geochemical anomaly that defines the ~3 by 2 km Cloud Drifter Trend (Figure 1), in an area of extensive forest cover and limited outcrop. Significant intercepts from the drill holes are highlighted in Table 1 and Figure 2, more detailed drill hole summaries are given below, and the results presented in this news release are discussed by Kingfisher CEO Dustin Perry and Exploration Vice President Gayle Febbo in a video as well as during a webinar at 11am EST.

Hole	From (m)	To (m)	Interval (m)	Au g/t	Ag g/t	Cu %
GR21-001	–	–	–	no significant values
GR21-002	26	27	1	5.30	–	–
GR21-003	35	44	9	0.38	–	–
and	56	68	12	0.90	–	–
and	78	94	16	0.41	–	–
and	179	189	10	0.38	–	–
GR21-007	35	43	8	2.16	–	–
Incl.	41	42	1	14.80	–	–
and	136	143	7	0.32	–	–
and	418	427	9	6.88	13.6	0.28
and	451	459	8	0.32	–	–

“I am thrilled that we were able to intersect high-grade mineralization on the initial drill holes of the first ever diamond drill program at the Goldrange Project. This initial drill program at Goldrange covered less than 10% of the Cloud Drifter Trend yet it is yielding some impressive intersections so far. We believe we are in the early stages of the discovery of a significant high-grade gold camp and we look forward to receiving our remaining results from both the Cloud Drifter drilling and from our property-wide exploration (soil and rock geochemical sampling, geological mapping, and IP geophysics).  Planning for an expanded 2022 drill and field program throughout the Trend has already begun.” 

Dustin Perry, CEO of Kingfisher states

Charlie Greig, Technical Advisor to Kingfisher, stated “The results from the first Cloud Drifter holes are exciting. To get broad ore grade intercepts in the initial holes bodes very well for the exploration potential of the Trend. The polyphase nature of the mineralization and its association with elevated bismuth, tellurium and antimony, elements which may be valuable in their own right and which are very commonly associated with high-grade gold deposits worldwide is significant. It is very early days for the Goldrange Project and its numerous mineral occurrences, which are just now beginning to be tested with modern exploration methods.” 

Geology and Mineralization of the Cloud Drifter Trend

The Cloud Drifter Trend (Figure 1) is a ~3 by 2 km zone of highly anomalous Au-Ag-Sb-Cu-As-Bi-Te geochemistry that is coincident with quartz-sulfide and sulfosalt veins, sulfide-cement breccias, and quartz-sulfide replacement zones.  In 2020, Kingfishers’ work along the Trend included prospecting that yielded 312 rock geochemical samples yielding an average grade of 6.26 g/t Au and soil sampling which produced an extensive soil geochemical anomaly with 50 samples over 1 g/t Au. 

Mineralization within the Trend and throughout the 367 km² Goldrange Project is closely associated with and largely hosted by a complex of Late Cretaceous quartz-diorite and diorite intrusions emplaced into Triassic to Cretaceous sedimentary and volcanic rocks. 

Drill Hole Descriptions

Drill Hole GR21-007:

GR21-007 was drilled uphill of a soil geochemical anomaly near the projected trend of the plutonic contact.  Assay results for this hole were prioritized in the interests of drill hole targeting once it was recognized that the lower quartz diorite was mineralized. However, given the delays common to all analytical laboratories this season, the original drill plan remained unchanged.

The excellent intercept in this hole (6.88 g/t Au, 13.60 g/t Ag, and 0.28% Cu over 9 m between 418 m and 427 m) represents a previously unrecognized style of mineralization in the region, a high-grade breccia body hosted by quartz diorite (Figures 3 and 4).  Gold is associated with sooty dark-coloured sulfides within the matrix to the breccia (Figure 2). Given the Au grades and elevated Sb (0.10%), Bi (181.89 ppm), Cu (0.28%), As (0.33%) and Te (1.45 ppm), the sooty minerals likely include Au-bearing sulfosalts (tetrahedrite-tennantite?), or tellurides.  In addition, a shallow zone of high-grade vein-style mineralization returned 14.80 g/t Au over 1 m within 8 m of 2.16 g/t Au close to surface (35-43 m) (Table 1, Figure 4).  

Holes GR21-001 and -002:

The initial drill setup for the 2021 program (Figure 5) targeted mineralization at surface that occurs within the hanging wall of a thrust fault that is part of the Late Cretaceous Waddington thrust belt developed along the eastern margin of the Coast Belt.  High density veins on surface measure 2-20 cm wide and are highly fractured and disproportionately oxidized relative to the host rocks.  Recovery within the deformation zone was poor, with recoveries from the uppermost parts of GR21-001 and GR21-002 being 59% from 0-45 m and 55% from 0-44 m, respectively.  Vein material similar to that sampled at surface was not recovered, although the drill holes locally returned anomalous grades (e.g., 5.30 g/t Au over 1 m in GR21-002).  Visual logging of drill core shows strong oxidation in recessive, low recovery zones in what are interpreted to be arsenopyrite-rich veins, and the Company believes that a significant amount of oxidized sulfide-rich vein material was washed away.  Drill hole GR21-001 failed to reach target depth due to difficult drilling conditions in the highly fractured near-surface, slope-parallel host rocks. GR21-002 intercepted anomalous gold near the contacts of both the upper and lower diorite intrusions (Figure 6).  Based on the low recoveries, the Company interprets that this part of the Cloud Drifter Trend has not been adequately drill tested.  Future drill testing of this zone may benefit from employment of a reverse circulation (RC) drilling rig, from which better recoveries from of oxidized material may be achieved.

Holes GR21-003 and -004:

The setup for these holes (Figure 7) was collared upslope of a soil geochemical anomaly coincident with trenches yielding high-grade results from numerous quartz-sulfide veins that range in thickness between 2 and 30 cm (Figure 6).  The veins are most abundant near the contacts of what is known as the upper diorite, but mineralized veins occur both within the diorite and in association with both upper and lower contacts. As a consequence, at surface the Cloud Drifter mineralized zone occurs over a relatively broad (~100 m) interval and area (Figures 2 and 5). Vein styles in drill core include both open space textures in dilation veins and laminated textures in shear veins. 

Further geological descriptions of drill core and drill collar locations can be found in news releases dated September 2 and October 6, 2021.

Future Work

Results for the remaining 10 drill holes in the 2021 program are expected over the coming weeks and months.  Following the release of the results the Company will focus on interpretation and 3D modeling of the oriented drill core data, with the aims of improving our understanding of the controls on mineralization and on targeting for 2022 drilling.  At the Cloud Drifter Zone, much of the focus for the targeting work will be on the sulfide-cement breccia intersected in drill hole GR21-007, which bears similarities with high-grade breccias that outcrop on surface at the Langara, Standard, Day Trip, and Lost Fiddle Zones. In addition, the Company will soon receive the results of its extensive property-scale soil and rock geochemical sampling programs. Following the compilation, interpretation and release of those results, Kingfisher will develop a path toward drill targeting the most prospective anomalies.

QAQC and Core Sampling Protocols

All drillholes at the Goldrange property were NQ sized (47.6 mm diameter). A continuous series of one-metre-long half-split core samples was taken down the entire length of each drill hole. Sample lengths were reduced to a minimum of half a meter to avoid crossing lithologic contacts or other features deemed important by Kingfisher geologists.

Unlabelled certified reference materials (CRM) were inserted systematically throughout the sample sequence along with blanks and duplicate samples. The total number of blanks, duplicates and CRM samples equals approximately 5% of the total samples taken.

Core samples were shipped to Acme Labs, a division of Bureau Veritas, located in Vancouver, British Columbia, for preparation and analysis.  Bureau Veritas is an ISO 9000 accredited analytical laboratory and is independent of Kingfisher Metals an its Qualified Person. Samples were prepped using the PRP7-250, PUL85 and SPTPL packages and analysed for 45 major and trace elements using ICP-ES/MS (method code MA200). A 30 g split from each sample was analyzed for Au using a lead collection fire assay fusion that was digested and analyzed using AAS (method code FA430). A 30g split from samples that assayed >10 ppm Au and/or >200 ppm Ag was analyzed using a lead collection fire assay fusion with a gravimetric finish (method code FA530).

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  84,573,300  shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: +1 236 358 0054
E-Mail: [email protected]   

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

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. 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.

VANCOUVER, British Columbia, October 6, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to provide an update on diamond drilling at the Goldrange Project as the Company awaits analytical results. Goldrange is located approximately 25 km south of the town of Tatla Lake in Southwest British Columbia.

The initial diamond drill program has been completed and consisted of 4,925.3 m over 14 drill holes. Diamond drilling tested the Cloud Drifter Trend, which is defined by a 3 km long gold-in-soil anomaly including 50 samples over 1 g/t Au and rock samples with grades up to 128.9 g/t Au.  Outside of the Cloud Drifter Trend, regional exploration consisted of rock, stream, and soil sampling across the 367 km² Goldrange Project. 

Highlights

• The initial drill program at the Goldrange Project has been completed with 4,925.2 m over 14 drill holes.

• Drilling revealed a broad hydrothermal system cored by sulfide-rich veins and breccias closely linked to plutonic contact zones.

• Approximately 500 m of the ~3,000 m Cloud Drifter Trend was tested in this initial drill program.

Dustin Perry, CEO of Kingfisher states “I am happy to report that we have successfully concluded the first ever diamond drill program at the Goldrange Project. Our exploration crew has demobilized from the project after completing 14 drill holes over 4,925.3 m. Drilling consistently encountered broad zones of hydrothermal alteration accompanied by sulfide-bearing veins and breccias.  Once assays are received, we will begin 3D modelling of auriferous structural corridors. This work will guide us in our 2022 drill program and help us further unlock the potential of the highly prospective Cloud Drifter Trend.”

The Goldrange Project covers a significant deformation zone with numerous precious metal veins across the project.  Mineralization at Goldrange occurs within the orogenic Yalakom Gold Belt, which is host to the Bridge River District that includes the past producing Bralorne Mine. Several areas of historical hand mining are located within the project and date back to the 1930s.

Diamond Drilling Update

Diamond drilling at the Cloud Drifter Trend has been completed over 14 drill holes totalling 4,925.3 m (table 1). Figure 1 outlines all diamond drilling completed in 2021.  

Mineralization encountered includes broad intercepts of quartz-carbonate-sulfide veins and halo alteration of quartz-sulfide-carbonate-sericite-clay.  Bedrock mapping completed in 2020 was based on limited outcrop data but was corroborated through diamond drilling and remains relatively unchanged.  Figure 1 contains updated bedrock geology adjusted based on 3D models of lithological units and faults identified in drill core logging. Drill core logging included oriented core measurements which will aid future 3D modelling of the Cloud Drifter Trend that will take place prior to drilling in 2022.

A variety of vein, breccia and alteration styles were encountered in the initial drill program.  Vein textures include laminated, shear banded, cataclastic, and open space fill.  Sulfide minerals range from multi-cm size crystals to very fine sooty laminations. The largest quartz vein intercepted in the program was 11.2 m in drill core from hole GR21-014.  Quartz-sulfide stockwork is associated with broad, coalesced halo alteration and disseminated sulfide in the halo.  Breccia textures range from diffuse to brittle clast boundaries, clast types include both diorite and sulfide in a cement of quartz-carbonate-sulfide.  Disseminated mineralization is widespread with variable abundance throughout silica-rich alteration zones. 

The final drill hole summaries from the 2021 drill program are included below.  Previously announced drill hole summaries were included within the August 9, 2021 and September 2, 2021 releases.  The Company is awaiting analytical results for the 2021 drill program and they will be released to the market as they become available.

Planned Drillhole ID	Easting (UTM NAD83)	Northing (UTM NAD83)	Elevation (masl)	Depth (m)	Azi	Dip
GR21-001	388364	5705316	1863	218	341	-45
GR21-002	388364	5705316	1863	482	341	-64
GR21-003	388544	5705532	1717	272	342	-50
GR21-004	388544	5705532	1717	292	320	-64
GR21-005	388590	5705573	1699	330	341	-54
GR21-006	388590	5705573	1699	317	350	-74
GR21-007	388590	5705573	1699	533	330	-57
GR21-008	388493	5705531	1717	514.4	280	-57
GR21-009	388493	5705531	1717	331	300	-55
GR21-010	388666	5705543	1706	577	310	-55
GR21-011	388664	5705546	1705	319	281	-45
GR21-012	388582	5705826	1505	233.1	308	-55
GR21-013	388582	5705826	1505	256	328	-54
GR21-014	388582	5705826	1505	250.8	310	-67

Table 1: 2021 Cloud Drifter Drill Collars

Hole Descriptions

GR21-009

GR21-009 (300/-55) collars from the same pad as GR21-008. The drill hole intersected siltstone and volcaniclastic sandstone and conglomerate to a depth of 74.2 m. Veins within this upper interval are associated with quartz-carbonate alteration and variably oxidized pyrite, pyrrhotite and chalcopyrite. A mixed unit of diorite, siltstone, and volcaniclastic sandstone to conglomerate was intersected from 64.7 m to a final depth of 331.0 m. This lower interval is overprinted by broad zones of quartz-carbonate-sericite-clay-sulfide vein and halo alteration. Sulfide minerals within the veins and halos include arsenopyrite, pyrite, chalcopyrite, and pyrrhotite. Semi-massive to vein hosted pyrite, pyrrhotite, arsenopyrite was intersected between 175.0 to 178.0 m in brecciated diorite. 

GR21-010

GR21-010 (310/-55) collars 170 m grid southeast of GR21-008 and 009. The drill hole intersected blocky siltstone and volcaniclastic sandstone and conglomerate to a depth of 23.5 m. Veins within this upper interval are associated with quartz-carbonate alteration and pyrite, pyrrhotite and chalcopyrite. Vein and breccia-hosted sulfide comprised of pyrite, arsenopyrite and chalcopyrite was intersected in brecciated sediments between 13.0 m and 16.0 m. A mixed unit of diorite, siltstone, and volcaniclastic sandstone to conglomerate was intersected from 23.5 to a final depth of 577.0 m. The lower interval is overprinted by broad zones of quartz-carbonate-sericite-clay-sulfide vein and halo alteration. Sulfide minerals within the veins and halos include arsenopyrite, pyrite, chalcopyrite, and pyrrhotite.

GR21-011

GR21-011 (281/-45) collars from the same pad as GR21-010. The drill hole intersected siltstone and volcaniclastic sandstone and conglomerate to a depth of 31.0 m. Sulfide within this upper interval are oxidized and associated with quartz-carbonate alteration and pyrite, pyrrhotite and chalcopyrite mineralization. A mixed unit of diorite, siltstone, and volcaniclastic sandstone to conglomerate was intersected from 31.0 m to a final depth of 319.0 m. The lower diorite interval is overprinted by broad zones of quartz-carbonate-sericite-clay-sulfide vein and halo alteration. Sulfide minerals within the veins and halos include arsenopyrite, pyrite, chalcopyrite, boulangerite, sphalerite and pyrrhotite.

GR21-012

GR21-012 (308/-55) collars 350 m grid north of GR21-010 and GR21-011. The drill hole intersected blocky and broken siltstone and volcaniclastic sandstone and conglomerate to a depth of 60.1 m. Veins within this upper interval are associated with quartz-carbonate alteration and sulfides are oxidized to red-orange limonite. A mixed unit of quartz diorite and siltstone was intersected from 60.1 m to a final depth of 233.1 m. The quartz diorite interval is overprinted by broad zones of quartz-carbonate-sericite-clay-sulfide vein and halo alteration. Sulfide minerals within the veins and halos include arsenopyrite, pyrite, chalcopyrite, and pyrrhotite.

GR21-013

GR21-013 (328/-54) collars from the same pad as GR21-011. The drill hole intersected blocky and broken siltstone and volcaniclastic sandstone and conglomerate to a depth of 66.4 m. Veins within this upper interval are associated with quartz-carbonate alteration and sulfides are oxidized to red-orange limonite. A mixed unit of quartz diorite and siltstone was intersected from 66.4 m to a final depth of 256.0 m. The quartz diorite interval is overprinted by thin zones of quartz-carbonate-sericite-clay-sulfide vein and halo alteration. Sulfide minerals within the veins and halos include arsenopyrite, pyrite, chalcopyrite, sphalerite and pyrrhotite.

GR21-014

GR21-014 (310/-67) collars from the same pad as GR21-011 and GR21-012. The drill hole intersected highly fractured siltstone and volcaniclastic sandstone and conglomerate to a depth of 65.1 m. Veins within this upper interval are associated with quartz-carbonate alteration and sulfides are oxidized to red-orange limonite. A mixed unit of quartz diorite and siltstone was intersected from 65.1 m to a final depth of 250.8 m. The lower quartz diorite interval is overprinted by thin zones of quartz-carbonate-sericite-clay-sulfide vein and halo alteration. Sulfide minerals within the veins and halos include arsenopyrite, pyrite, chalcopyrite, and pyrrhotite. One vein intercepted measured 11.2 m in drill core contained quartz, pyrite and coarse molybdenite between 172.0 m and 183.2. The footwall selvage to this vein contained disseminated arsenopyrite replacements after mafic minerals.

Figure 1: Cloud Drifter Zone – Drill Update

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 81,893,300 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.

CEO and Director

Phone: +1 236 358 0054

E-Mail: [email protected]   

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

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. 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.

VANCOUVER, British Columbia, September 28, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to provide an update on regional exploration at the Goldrange Project.  Goldrange is located approximately 25 km south of the town of Tatla Lake in Southwest British Columbia. 

Ridge and spur talus and soil sampling was completed over several regions within the 367 km² Goldrange Project.  Rock sampling and backpack drilling was completed within newly identified grassroots targets in addition to confirmation sampling at historical zones of mineralization.

Highlights

• Rock sampling up to 89 g/t Au at the Lori Zone, up to 43 g/t Au at the Lost Fiddle Zone, and up to 38 g/t Au at the Lotus Zone

• Regional grassroots talus sampling up to 2.75 g/t Au and >100 g/t Ag

• Regional grassroots rock sampling up to 4.01 g/t Au, 463 g/t Ag, and >1% Sb

Dustin Perry, CEO of Kingfisher states “Regional work at Goldrange continues to demonstrate the discovery potential across the Goldrange Project.  Confirmation sampling at historical zones has increased the grade and size of these targets.  Grassroots exploration has identified multiple new areas of anomalous precious metals.”

The Goldrange Project covers a significant deformation zone with numerous precious metal veins across the project.  Mineralization at Goldrange occurs within the orogenic Yalakom Gold Belt, which is also host to the Bridge River District that includes the past producing Bralorne Mine. Several areas of historical hand mining are located within the project and date back to the 1930s.

Regional Exploration Summary

Regional exploration across the Goldrange Project has been focused on advancing several targets to the drill ready stage in addition to covering areas proximal to the Cloud Drifter Trend as well as the northern end of the project which was previously unexplored.

A total of 214 rock samples were collected of which 55 are reported in this release.  A total of 2,604 soil and talus fine samples were collected of which 649 are included within this release.  Backpack drilling of shallow holes was completed at the Lori, Langara, Lost Fiddle, and Lotus Zones.  Geological mapping was completed along ridge and spur traverses in addition to select targets.

The areas of work included within this release are denoted on Figures 1 and 2, which include all sampling completed to date by Kingfisher in addition to samples digitized from historical work programs.

Lori Zone

The Lori Zone (Figure 3) is situated in the center of the Goldrange Project at the headwaters of Ottarasko Creek.  Recent glacial melting has revealed several hundred meters of new bedrock exposure.  The bulk of work carried out on this historical target was completed in the mid 1980s by Homestake Resources and resulted in a peak value of 20.36 g/t Au from quartz-arsenopyrite veins. 

Kingfisher collected 45 rock samples ranging from below detection limit to a maximum value of 88.35 g/t Au.  Additionally, rock sampling returned highly anomalous grades for bismuth and tellurium with values up to 626 ppm Bi and 578.1 ppm Te. 

Geological mapping has revealed a similar setting to the Cloud Drifter Trend with sedimentary rocks intruded by a more competent intrusive.  Veining occurs proximal to and within this intrusive.  Additionally, mafic dykes occur near this contact and appear to have some effect on gold deposition.  Ductile textures were identified in the field, placing the Lori Zone at a deeper depth than the Cloud Drifter Trend.

Backpack drilling was completed over 3 shallow holes (0.1 m to 0.74 m) with results including: 10.9 g/t Au over 0.54 m, 3.14 g/t Au over 0.74 m, and 2.72 g/t Au over 0.1 m. 

Lotus Zone

The Lotus Zone (Figure 4) is located at the southwestern end of the Goldrange Project.  The showing was originally discovered in 1990 by a prospector.  Historical sampling recorded a peak value of 22.76 g/t Au over 1 m.  Mineralization is defined by a 1.5-3 m quartz-pyrite shear vein that can be traced for approximately 25 m before disappearing under cover in both directions.  The vein occurs near a triple junction contact between volcanic, sedimentary, and intrusive rocks.

Work by Kingfisher was designed to confirm historic grades as well as extend sampling along strike from the historical outcrop.  Kingfisher took 16 rock samples of which 6 are included within this release and range from 0.14 g/t Au to a maximum value of 38.4 g/t Au.  Additionally, backpack drilling was completed over several shallow holes (assays pending) and a soil survey (assays pending) was completed across the strike of the projection of this showing with the hopes of identifying extensions under cover.  

Lost Fiddle Zone

The Lost Fiddle Zone (Figure 5) has limited historically documented work and no historical assays.  The zone is approximately 3 km northeast of the Cloud Drifter Trend. Kingfisher geologists prospected the area of the historical showing and outlined an area of blast trenching with quartz-sulfide breccias. 

Mineralization is defined by sulfide-cemented quartz breccias that contain primarily arsenopyrite in addition to chalcopyrite, sphalerite, and other unidentifiable dark grey sulfides.

A total of 26 rock samples were taken of which 6 are included within this release.  Gold values returned so far range from 1.1 g/t Au to 42.8 g/t Au.  Rock sampling revealed a complex mineral system with highly anomalous grades for several other elements.  Sampling returned values up to 1,097 g/t Ag, 4.5% Cu, 0.95% Pb, 1.56% Bi, and 0.32% Co. 

Backpack drilling was completed over several shallow holes (assays pending) in this area in addition to a tightly spaced soil survey (assays pending).  Future work on this target should include an IP survey given the high sulfide content of mineralization. 

Grassroots Exploration

Prospecting and ridge and spur soil sampling were completed across the project area.  Included within this release are portions of the northern end of the Goldrange Project in addition to areas immediately north of the Cloud Drifter Trend. 

The CD North Zone (Figure 6) revealed an area of hornfels sedimentary rocks and intrusives with anomalous ridge and spur talus fine sampling up to 0.23 g/t Au and rock sample values up to 0.37 g/t Au.  Additionally, rock sampling returned anomalous antimony values up to 0.39% Sb.  Although limited work was completed on this target in 2021, the initial signs are promising for the formation of auriferous veins.

Ridge and spur soil and talus fine sampling was completed across much of the northern portion of the Goldrange Project (Figure 7).  This area has not seen any historical exploration.  Several areas of anomalous gold emerged from this survey with grades up to 2.75 g/t Au in talus fines and up to 4.07 g/t Au in rock sampling.  Four ridgeline traverses revealed anomalous mineralization with two ridge lines appearing to highlight a northwest trend (Razorback Zone).  Rock sampling at the Razorback Zone (Figure 8) revealed high-level textures with anomalous silver (up to 463 g/t Ag) and antimony (up to >1% Sb) indicating an epizonal nature to the mineralization.

Several areas of arsenic anomalism were identified in the field with a portable XRF* device (Figure 7).  These areas were followed up with detailed geochemical surveys for which results are pending.

Given the lack of historical exploration in this area and the limited time spent generating these targets in 2021, Kingfisher is very excited with these initial results.

The remainder of the results from the 2021 regional exploration program at the Goldrange Project will be released as they become available.

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  80,633,300 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.

CEO and Director

Phone: +1 236 358 0054

E-Mail: [email protected]   

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.

*Readers are cautioned that portable XRF (X-Ray Fluorescence) spot analyses are not equivalent to laboratory assays; they simply give an indication of the presence of certain metal elements in the drill core. Spot analyses referenced here were collected using an Olympus Vanta XRF Analyzer, which cannot reliably detect Gold, but does detect the geochemical pathfinder elements such as Arsenic, Bismuth, Copper, Antimony, Molybdenum, Lead, and Zinc that are commonly associated with Gold. Assay results are pending.

VANCOUVER, British Columbia, September 2, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to provide an update on diamond drilling at the Goldrange Project as the Company awaits analytical results. Goldrange is located approximately 25 km south of the town of Tatla Lake in Southwest British Columbia.

The maiden diamond drill program consists of approximately 5,000 m over ~15 holes.  Diamond drilling istesting the Cloud Drifter Trend which is defined by a 3 km long gold-in-soil anomaly including 50 samples over 1 g/t Au and rock samples grading up to 128.9 g/t Au.  Outside of the Cloud Drifter Trend, regional exploration consisting of rock, stream, and soil sampling is being completed across the 367 km² project. To date, 9 drill holes have been completed totalling 3,289 m.

Highlights

• Drilling continues to encounter widespread zones of quartz-carbonate-sulfide veins, quartz-carbonate-sulfide breccias, and disseminated sulfides within all drill holes completed to date. 
• The highest density zones of mineralized veins occur within broad bleached and sericite altered intervals proximal to intrusive-sedimentary contacts.  Within bleached zones, disseminated fuchsite is common. 
• The majority of drilling has focused on testing structurally-hosted mineralization at the contacts of the upper diorite.  GR21-007 was drilled to 533 m to additionally test the lower quartz diorite which contained similar quartz-carbonate-sulfide breccias and veins as found within the upper intrusion.  

Dustin Perry, CEO of Kingfisher states “Since the third drill hole (GR21-003) of the 2021 program we have been testing the contacts between the upper diorite and sedimentary rocks. These broad contact zones are proving to be favourable locations for hydrothermal alteration and sulfide mineralization.  With GR21-007 we have also intersected similar styles of mineralization within the lower quartz diorite.  The 2021 program is consistently encountering structurally–hosted sulfide mineralization within these contact zones and demonstrating the potential for the rest of the Cloud Drifter Trend.”

Charlie Grieg, Advisor to Kingfisher states “Visuals from the first nine holes for the initial drill program at the Goldrange Project clearly match the systematic surface geochemistry and geology and together they are indicative of the existence of a large hydrothermal system.  During my site visit, I was able to examine all the core from the Cloud Drifter Zone holes and was impressed not only with the extent, variety, and strength of the sulfide mineralization and hydrothermal alteration, but also with the exploration potential of this sizeable and relatively easily-accessed property—very exciting prospect for Kingfisher!”

The Goldrange Project covers a significant deformation zone with numerous precious metal veins across the project.  Mineralization at Goldrange occurs within the orogenic Yalakom Gold Belt, which is host to the Bridge River District that includes the past producing Bralorne Mine. Several areas of historical hand mining are located within the project and date back to the 1930s.

Diamond Drilling Update

Diamond drilling at the Cloud Drifter Trend has been completed over 9 drill holes totalling 3289 m (table 1). Figure 1 outlines the drilling progress to date and remaining planned holes. 

Mineralization encountered in drilling to date includes broad intercepts of quartz-carbonate veins and halo alteration of quartz-carbonate-sericite-clay. 

Vein styles include laminated shear banded quartz-sulfide, open space fill veins with euhedral minerals and coarse sulfide, massive pyrite or arsenopyrite veins, and stockwork-style diffuse veins associated with strong halo alteration. 

Breccia textures range from diffuse to brittle clast boundaries to diorite and sulfide clasts with cement of quartz-carbonate-sulfide.  Disseminated mineralization is widespread with variable intensity throughout quartz-carbonate-sericite-clay alteration zones.  

Disseminated sulfides range from fine grained to coarse grained massive and semi massive sulfides.  

Planned Drillhole ID	Easting (UTM NAD83)	Northing (UTM NAD83)	Elevation (masl)	Depth (m)	Azi	Dip
GR21-001	388364	5705316	1863	218	341	-45
GR21-002	388364	5705316	1863	482	341	-64
GR21-003	388544	5705532	1717	272	342	-50
GR21-004	388544	5705532	1717	292	320	-64
GR21-005	388590	5705573	1699	330	341	-54
GR21-006	388590	5705573	1699	317	350	-74
GR21-007	388590	5705573	1699	533	330	-57
GR21-008	388493	5705531	1717	514.4	280	-57
GR21-009	388493	5705531	1717	331	300	-55

Hole Descriptions

GR21-004

GR21-004 (320/-64) collars from the same pad as GR21-003. The drill hole intersected volcaniclastic sandstone to conglomerate from surface to a depth of 43.5 m with Fe-oxide on fractures throughout. Quartz-carbonate-sulfide veins were intersected within in this interval with arsenopyrite, pyrrhotite, pyrite and chalcopyrite. Diorite (43.5 – 199.7 m) and siltstone (199.7-292.0 m, final depth) are overprinted by broad zones of quartz-carbonate-sericite-clay-sulfide vein and halo alteration. Sulfide minerals within the veins and halos include arsenopyrite, pyrite, pyrrhotite, chalcopyrite, molybdenite, and sphalerite.

GR21-005

GR21-005 (348/-54) collars 60 m grid east of GR21-003 and GR21-004. The drill hole intersected siltstone with Fe-oxide on fractures to a depth of 17.1 m.  Quartz-carbonate veins were intersected within in this interval with pyrrhotite, pyrite and chalcopyrite. Diorite (17.1 – 233.1 m) and siltstone (233.1-330 m, final depth) are overprinted by broad zones of quartz-carbonate-sericite-clay-sulfide vein and halo alteration. Sulfide minerals within the veins and halos include arsenopyrite, pyrite, pyrrhotite, sphalerite, molybdenite, tetrahedrite-tennantite, and chalcopyrite. 

GR21-006

GR21-006 (348/-74) collars from the same pad as GR21-005. The drill hole intersected siltstone with Fe-oxide on fractures to a depth of 16.5 m. In areas with less Fe-oxide, quartz-carbonate-arsenopyrite veins were identified with trace pyrrhotite and pyrite. Diorite (16.5- 218.5 m) and siltstone (218.5 – 317 m, final depth) are overprinted by broad zones of quartz-carbonate-sericite-clay vein and halo alteration. Sulfide minerals within the veins and halos include arsenopyrite, pyrite, pyrrhotite, bismuthinite, tetrahedrite-tennantite, and chalcopyrite. 

GR21-007

GR21-007 (330/-57) collars from the same pad as GR21-005 and GR21-006. The drill hole intersected siltstone with Fe-oxide on fractures to a depth of 18.4 m. In areas with less Fe-oxide, quartz-carbonate-arsenopyrite veins were identified. Between 18.4 m and a final depth of 533 m is a mixed unit of siltstone and diorite transitioning into siltstone and quartz-diorite.   The length of the hole is overprinted with vein and halo alteration of quartz-carbonate-sericite-clay-sulfide. Sulfide minerals within the veins and halosinclude arsenopyrite, pyrite, pyrrhotite, chalcopyrite, boulangerite, and molybdenite. 

GR21-008

GR21-008 (280/-62) collars 50 m grid west of GR21-003, 004 and 005. The drill hole intersected siltstone and volcaniclastic sandstone and conglomerate to a depth of 64.7 m. Veins within this upper interval areassociated with quartz-carbonate alteration and pyrite, pyrrhotite and chalcopyrite. A mixed unit of diorite, siltstone, and volcaniclastic sandstone to conglomerate was intersected from 64.7 to a final depth of 514.4 m. The lower interval is overprinted with broad zones of quartz-carbonate-sericite-clay-sulfide vein and halo alteration. Sulfide minerals within the veins and halos include arsenopyrite, pyrite, chalcopyrite, and pyrrhotite.

GR21-009

GR21-009 (300/-55) collars from the same pad as GR21-008.  Drill core logging has not been completed at the time of this news release. 

Figure 1: Cloud Drifter Zone – Drill Update

The 2021 diamond drill program is guided by detailed surface geochemical and structural data collected in 2020 in addition to the 2021 IP geophysical survey.  Initial drilling is focused on a ~500 m segment of the Cloud Drifter Trend, within the Cloud Drifter Zone, and is defined by the best bedrock exposure and geological confidence.  Initial results from the IP geophysical survey indicate the presence of strong chargeability anomalies associated with high-tenor soil geochemical anomalies, strongly anomalous rock chip samples, and mapped mineralization at surface. Analytical results will be released as they become available.

Dustin Perry, CEO will be discussing the details of this news release as well as what to expect in the near term in a webinar hosted by Adelaide Capital at 11AM PST today (September 2, 2021).  Registration can be completed through the following link: 

https://us02web.zoom.us/webinar/register/WN_VMmImP2iSaSMf7f1WBaS6g

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 78,988,500 shares outstanding.

For further information, please contact: 

Dustin Perry, P.Geo. 
CEO and Director
Phone:​+1 236 358 0054
E-Mail: [email protected]  

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

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. 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.

Vancouver, B.C. – August 25, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“KFR” or the “Company”) is pleased to announce that the Company’s shares have commenced trading on the OTCQB Venture Market in the United States, trading symbol: KGFMF.

The Company’s listings in Canada, Germany, and now in the United States provides KFR with a broader investor audience. Additionally, the listing in the United States better facilitates trading for the Company’s US-based stockholders.

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 78,988,500 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: +1 236 358 0054
E-Mail: [email protected]    

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 KFR. In making the forward-looking statements, KFR has applied certain assumptions that are based on information available, including KFR’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. KFR does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

VANCOUVER, British Columbia, August 9, 2021 – Kingfisher Metals Corp. (TSX-V: KFR, FSE: 970) (“Kingfisher” or the “Company”) is pleased to provide an update on diamond drilling and regional exploration at the Goldrange Project as the Company awaits analytical results. Goldrange is located approximately 25 km south of the town of Tatla Lake in Southwest British Columbia.

The maiden diamond drill program consists of approximately 5,000 m over ~15 holes.  Diamond drilling is testing the Cloud Drifter Trend which is defined by a 3 km long gold-in-soil anomaly including 50 samples over 1 g/t Au and rock samples grading up to 128.9 g/t Au.  Outside of the Cloud Drifter Trend, regional exploration consisting of rock, stream, and soil sampling is being completed across the 367 km² project.  To date, 4 drill holes have been completed totalling 1,258 m.

Highlights

• Drilling has encountered widespread zones of quartz-carbonate-sulfide veins, quartz-carbonate-sulfide breccias, and disseminated sulfides within all drill holes completed to date.

• Sulfide mineralogy includes arsenopyrite, pyrite, marcasite, chalcopyrite, pyrrhotite, sphalerite, boulangerite, stibnite, tennantite-tetrahedrite, and molybdenite.

• Ongoing regional exploration has collected 2,365 soil samples and 217 rock samples across the tenure with multiple arsenic anomalies identified.

Dustin Perry, CEO of Kingfisher states “Drilling to date has furthered our belief that the Cloud Drifter Trend may host a significant hydrothermal vein system. All drill holes completed to date have intersected widespread quartz-carbonate-sulfide veins, breccias and disseminated sulfides over 300 m of strike and ~430 m of vertical extent.  Diamond drilling has collaborated the styles of mineralization and alteration identified on surface in 2020. Outside of the Cloud Drifter Trend, regional grassroots exploration has been moving at an efficient pace and has outlined several areas of arsenic anomalism in soils identified with a portable XRF.  Initial prospecting has identified quartz-sulfide veins at several of these locations.”

The Goldrange Project covers a significant deformation zone with numerous precious metal veins across the project.  Mineralization at Goldrange occurs within the orogenic Yalakom Gold Belt, which is host to the Bridge River District that includes the past producing Bralorne Mine. Several areas of historical hand mining are located within the project and date back to the 1930s.

Diamond Drilling Update

Diamond drilling at the Cloud Drifter Trend has been completed over 4 drill holes totalling 1,258 m (table 1). Figure 1 outlines the drilling progress to date and remaining planned holes.

Planned Drillhole ID	Easting (UTM NAD83)	Northing (UTM NAD83)	Elevation (masl)	Depth (m)	Azi	Dip
GR21-001	388364	5705316	1863	218	341	-45
GR21-002	388364	5705316	1863	482	341	-64
GR21-003	388544	5705532	1717	272	342	-50
GR21-004	388544	5705532	1717	286	320	-64

GR21-001 and GR21-002

The initial two drill holes at the Cloud Drifter Trend were collared from the same drill pad above a thrust fault deformation zone west of the main Cloud Drifter soil anomaly. Field work in 2020 at this location identified an array of east-dipping quartz-carbonate-sulfide veins and quartz-carbonate-sulfide breccia.

GR21-001 (341/-45) intersected a sequence of porphyritic andesite, volcaniclastic conglomerate and siltstone. The upper 44 m intersected the brittle deformation zone with poor recovery and highly oxidized rock. The deformation zone is characterized by abundant Fe-oxide minerals in and near quartz-carbonate veins, interpreted to reflect oxidized sulfide minerals. Intervals of Fe-oxide are associated with high arsenic values (1000 – >10,000 ppm As) identified by a portable XRF* device. Discreet zones of brecciation were encountered throughout the drill hole, associated with pervasive quartz-carbonate alteration and bleaching. Pyrite, arsenopyrite, chalcopyrite, sphalerite, pyrrhotite, and molybdenite were most commonly associated with the brecciated and bleached zones. The drill hole was lost at a final depth of 218 m in what is interpreted to be the principle thrust fault of the deformation zone.

GR21-002 (341/-64) intersected an upper sequence of porphyritic andesite, volcaniclastic conglomerate and siltstone to a depth of 261.1 m. The upper 39 m intersected the brittle deformation zone with poor recovery and highly oxidized rock. The deformation zone is characterized by abundant Fe-oxide minerals in and near quartz-carbonate veins, interpreted to reflect oxidized sulfide minerals. Intervals of Fe-oxide are associated with high arsenic values (1000 – >10,000 ppm As) identified by a portable XRF* device. 

Below this sequence are biotite-amphibole quartz diorite and amphibole-pyroxene diorite that were intersected to a depth of 436.3 m, beneath which siltstone was cored to the end of the drill hole. Discreet zones of brecciation were encountered throughout, associated with pervasive quartz-carbonate alteration and bleaching. Zoned chlorite-epidote and biotite hornfels were present at the upper contact between the sedimentary and intrusive rocks.   Pyrite, arsenopyrite, chalcopyrite, sphalerite, pyrrhotite, arsenopyrite, and molybdenite were identified within brecciated and bleached intervals in the upper volcanic-sedimentary sequence as well as quartz-carbonate veins in the intrusions. GR21-002 was terminated at a final depth of 482 m.

GR21-003 and GR21-004

The first drill holes designed to test the broad gold-in-soil anomaly at the Cloud Drifter Trend were collared from the same pad upslope of an area of mineralization outlined in 2020.  2020 sampling in this area returned a channel sample grading 2.08 g/t Au over 6 m as well as highlight grab sample up to 53.9 g/t Au.

GR21-003 (341/-50) intersected an upper sequence of biotite hornfels-altered volcaniclastic siltstone, sandstone and conglomerate to a depth of 49.8 m.  Within the upper sequence, the top 30 m consisted of highly fractured and oxidized rock with poor recovery.  The deformation zone is characterized by abundant Fe-oxide minerals in and near quartz-carbonate veins, interpreted to reflect oxidized sulfide minerals. Intervals of Fe-oxide are associated with high arsenic values (1000 – >10,000 ppm As) identified by a portable XRF* device. 

Below the sedimentary rocks, drilling intersected biotite-amphibole quartz diorite and amphibole-pyroxene diorite to 183.4 m, below which siltstone was cored to the end of hole. Pervasive quartz-carbonate-sericite±chlorite alteration is spatially associated with quartz-carbonate-sulfide veins. Pyrite, arsenopyrite, chalcopyrite, marcasite, stibnite, boulangerite, tetrahedrite-tennantite, sphalerite and pyrrhotite were identified within and proximal to quartz-carbonate veins. Vein textures include open space growth, local quartz-carbonate-cement breccia, laminated and shear-banded. GR21-003 was terminated at a final depth of 272 m.

GR21-004 (320/-64) was drilled down dip from GR21-003 and slightly to the west.  Drill core logging has not been completed at the time of this news release.

The 2021 diamond drill program is guided by detailed surface geochemical and structural data collected in 2020 in addition to the 2021 IP geophysical survey.  Initial drilling is focused on a ~500 m segment of the Cloud Drifter Trend, within the Cloud Drifter Zone, and is defined by the best bedrock exposure and geological confidence.  Initial results from the IP geophysical survey indicate the presence of strong chargeability anomalies associated with high-tenor soil geochemical anomalies, strongly anomalous rock chip samples, and mapped mineralization at surface. Analytical results will be released as they become available.

Regional Exploration Update

Regional exploration at Goldrange is ongoing and has been completed across the length of the project (figure 2).  As of the time of this news release, 2,356 soil and talus fine samples have been completed, primarily on grassroots targets.  Additionally, 217 rock samples and 7 stream sediment samples have been collected.  Backpack drilling has been completed over 13 holes for a total of 37.61 m. 

Samples have been analysed daily with a portable XRF* and numerous zones of anomalous As, Sb, Zn, Pb, and Cu have been identified.  Infill sampling has been completed at several of these zones.  Prospecting within several of these zones has identified areas of quartz-sulfide veining. Analytical results will be released as they become available.

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 78,747,101 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: +1 236 358 0054
E-Mail: [email protected]   

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

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. 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.

*Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot analyses are not equivalent to laboratory assays; they simply give an indication of the presence of certain metal elements in the drill core. Spot analyses referenced here were collected using an Olympus Vanta XRF Analyzer, which cannot reliably detect Gold, but does detect the geochemical pathfinder elements such as Arsenic, Bismuth, Copper, Antimony, Molybdenum, Lead, and Zinc that are commonly associated with Gold. Assay results are pending.

VANCOUVER, British Columbia, July 7, 2021 – Kingfisher Metals Corp. (TSX-V: KFR, FSE: 970) (“Kingfisher” or the “Company”) is pleased to announce the commencement of drilling at the Goldrange Project, located approximately 25 km south of the town of Tatla Lake in Southwest British Columbia.  The maiden diamond drill program will consist of approximately 5,000 meters over ~15 holes.  Diamond drilling will test the Cloud Drifter Trend which is defined by a 3 km long gold-in-soil anomaly including 50 samples over 1 g/t Au and rock samples grading up to 128.9 g/t Au.

The previously announced induced polarization (IP) geophysical survey at the Goldrange Project is currently underway and surveying to date has highlighted several chargeability and resistivity anomalies throughout the trend.  Incoming IP geophysical data is being used for drill targeting and the final results of this survey will be communicated to the market once the survey and analysis is completed.

Dustin Perry, CEO of Kingfisher states “We are thrilled to begin drill testing this exciting epizonal gold target. Since beginning our 2021 field program at the Goldrange Project in early May, we have made significant progress on our regional programs in addition to completing initial drill pad construction and IP geophysical surveying at the Cloud Drifter Trend.  Initial IP geophysical data has highlighted several chargeability anomalies coincident with mapped zones of quartz-sulfide vein swarms and high tenor gold-in-soil geochemical anomalies.  This provides additional confidence in our drill targeting within the prospective Cloud Drifter Trend.”

The Goldrange Project covers a significant deformation zone with numerous precious metal veins across the project.  Mineralization at Goldrange occurs within the orogenic Yalakom Gold Belt, which is host to the Bridge River District that includes the past producing Bralorne Mine. Several areas of historical hand mining are located within the project and date back to the 1930s.

Initial work completed by Kingfisher in 2020 included infill and confirmation soil sampling within the Cloud Drifter Trend.  The 2020 survey (see March 31, 2021  release) outlined a 3 km-long gold-in-soil anomaly with 134 samples over 0.5 g/t Au and 50 samples over 1 g/t Au with a highlight of 22.08 g/t Au.  Rock sampling returned highly anomalous gold grades with 312 samples (see April 14, 2021 release) averaging 6.26 g/t Au and a highlight of 128.9 g/t Au.  Backpack drilling within the Cloud Drifter Trend included highlights of 6.9 m of 10.84 g/t Au (BP-ST-20-01) (see April 21, 2021 release) and 8.3 m of 0.97 g/t Au (BP-CD-20-02) separated by ~750 m.  Plan view maps of the initial planned drill holes at the Cloud Drifter Trend are outlined in figures 1 and 2 below.

Geological mapping by VP-Exploration Gayle Febbo, outlined a robust structurally hosted vein system with multiple styles and phases of quartz-sulfide mineralization within sedimentary, volcanic, and intrusive rocks (figure 3).  Additionally, Kingfisher completed a high-resolution airborne magnetic and radiometric survey over the Cloud Drifter Trend.  Prior to the 2021 field season, the Company prepared a 3D geological and structural model for the Cloud Drifter Trend. 

The 2021 diamond drill program is guided by detailed surface geochemical and structural data collected in 2020 in addition to the ongoing IP geophysical survey.  Initial drilling is focused on a ~500 m segment of the Cloud Drifter Trend, within the Cloud Drifter Zone, and is defined by the best bedrock exposure and geological confidence.  Initial results from the IP geophysical survey indicate the presence of strong chargeability anomalies associated with high-tenor soil geochemical anomalies, strongly anomalous rock chip samples, and mapped mineralization at surface. 

A more detailed explanation of the planned initial drill holes at the Cloud Drifter Trend, including geological and geophysical cross sections can be found on Kingfisher’s website: Drill Target Presentation.

Additionally, Dustin Perry, CEO and Gayle Febbo, VP-Ex discuss the planned program in video format on Kingfisher’s YouTube channel: Goldrange: Maiden Drill Program Target Selection.

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 78,335,301 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: +1 236 358 0054
E-Mail: [email protected]   

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.

VANCOUVER, British Columbia, June 3, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (“Kingfisher” or the “Company”) is pleased to announce the closing of its upsized marketed best efforts private placement for aggregate gross proceeds of C$4.6 million (the “Offering”). The Offering was led by PI Financial Corp. (the “Agent”) as sole bookrunner.

The Offering was comprised of (i) 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 ofC$3.4 million; and (ii) 2,437,000 flow-through units (the “FT Units”) at a price of C$0.51 per FT Unit for gross proceeds of C$1.2 million.

As previously announced, each Charity FT Unit consists of one charity flow-through common share and one half of one transferable non-flow-through common share purchase warrant (each whole such common share purchase warrant, a “Warrant”). Each FT Unit consists of one flow-through common share and one half of one transferable non-flow-through common share purchase Warrant. Each Warrant shall be exercisable into one additional non-flow-through common share of the Company for 24 months at an exercise price of C$0.70.

The net proceeds raised from the Charity FT Units and FT Units will be used by the Company to incur eligible Canadian exploration expenses that will qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada) related to the Company’s projects before 2023.

In connection with the Offering, the Agent received an aggregate cash fee equal to 7.0% of the gross proceeds from the Offering, other than to certain purchasers identified by the Company to the Agent in which case a cash fee of 2% was paid. In addition, the Company issued to the Agent 529,334 non-transferable compensation warrants (the “Compensation Warrants”). Each Compensation Warrant will entitle the holder thereof to purchase one common share at an exercise price equal to $0.51 for a period of 24 months following the closing of the Offering.

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.

Dustin Perry, CEO, stated “The proceeds of this financing will immediately go to work in funding our 2021 exploration campaign which is underway.  Our exploration team is filled with excitement as we embark on the inaugural drilling campaign at the highly prospective Cloud Drifter Trend.”

The securities issued pursuant to the Offering will be subject to a four-month and one day hold period under applicable securities laws in Canada.

Closing of the Offering is subject to final approval by the TSX Venture Exchange.

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 77,782,801 shares outstanding.

For further information, please contact: 

Dustin Perry, P.Geo. 
CEO and Director
Phone:​+1 236 358 0054
E-Mail: [email protected]

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

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: use of proceeds of the Offering, the incurrence of eligible Canadian exploration expenses that will qualify as “flow-through mining expenditures”, and the Company’s exploration plans and strategies. 

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.