VANCOUVER, British Columbia, May 10, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (“Kingfisher” or the “Company”) is pleased to announce that the Company has entered into an agreement with PI Financial Corp. (“PI Financial”) as sole bookrunner, to increase the size of the previously announced marketed best efforts private placement from C$4.0 million to up to approximately C$4.6 million (the “Offering”).
Pursuant to the amended terms, the Offering will now consist of (i) up to 5,450,000 charity flow-through units (the “Charity FT Units”) at a price of C$0.63 per Charity FT Unit for gross proceeds of up to approximately C$3.43 million; and (ii) up to 2,437,000 flow-through units (the “FT Units”) at a price of C$0.51 per FT Unit for gross proceeds of up to approximately C$1.24 million.
The aggregate gross proceeds raised from the Charity FT Units and FT Units will be used before 2023 for general exploration expenditures, which will constitute Canadian exploration expenses (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”)), that will qualify as “flow through mining expenditures” within the meaning of the Tax Act.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 68,945,801 shares outstanding.
For further information, please contact:
Dustin Perry, P.Geo. CEO and Director Phone: +1 236 358 0054 E-Mail: [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 Kingfisher. In making the forward-looking statements, Kingfisher has applied certain assumptions that are based on information available, including Kingfisher’s strategic plan for the near and mid-term. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Kingfisher does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Vancouver, B.C. – May 4, 2021 – Kingfisher Metals Corp. (TSX-V: KFR, FSE: 970) (“Kingfisher” or the “Company”) is pleased to announce its plans for the 2021 exploration season on its three 100% owned projects in British Columbia.
The Company has been informed that its Notice of Work Application for a 5-year drill permit at its Goldrange Project in southwest British Columbia has been approved. The Goldrange Project is located approximately 25km south of the town of Tatla Lake with logging road access to the north end of the 367km2 project.
The multiyear area based (MYAB) permit for the Goldrange Project includes diamond drilling from 20 drill pads and induced polarization (IP) geophysical surveys in year one.
The proposed exploration program at the Goldrange Project will include 5000m of diamond drilling, IP surveys, and detailed regional exploration across the 367km2 project. The Company has contracted Omineca Diamond Drilling to complete the drill program which will begin in early July with the proposed program totalling ~$3.3 million. Camp construction, regional field work, and IP geophysics are expected to commence in May.
The 284km2 Ecstall Project is located at tidewater, 60km northwest of the resource town of Kitimat, B.C. The Company will undertake a property-wide LiDAR survey in addition to detailed gravity geophysical surveys over high-priority Cu-Au VMS targets in preparation for drilling in 2022. The proposed program totals ~$0.4 million and is expected to commence in mid-July.
The 124km2 Thibert Project is located 40km north of Dease Lake, B.C. The project covers 25km of strike length of the crustal-scale Teslin-Thibert Fault where approximately 200,000 oz of placer gold has been produced. The Company has contracted Precision GeoSurveys to complete property-wide airborne magnetics and radiometrics at Thibert. Additionally, detailed stream-sediment sampling will be completed across the project area aimed at refining orogenic gold targets for more advanced exploration in 2022. The proposed program totals ~$0.3 million and is expected to commence in June or July.
“2021 is going to be a very exciting year for Kingfisher as we advance all three of our 100% owned projects. We are very excited to complete the first-ever diamond drill program on the Goldrange Project which will test the highly prospective Cloud Drifter Trend. Additionally, we will be completing detailed regional exploration across the district-scale project. While this is happening, we will be further advancing our Ecstall and Thibert Projects and continuing to deliver value to our shareholders.” Stated Dustin Perry, CEO.
Dustin Perry, P.Geo., Kingfisher’s CEO, is the Company’s Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has prepared the technical information presented in this release.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 68,945,801 shares outstanding.
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.
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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISEMMINATION IN THE UNITED STATES
Vancouver, B.C. – April, 27, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (“Kingfisher” or the “Company”) is pleased to announce that the Company has entered into an agreement with PI Financial Corp. (“PI Financial”) as sole bookrunner, in connection with a marketed best efforts private placement of up to 4,760,000 charity flow-through units (the “Charity FT Units”) and 1,965,000 flow-through units (the “FT Units”) of the Company to raise aggregate gross proceeds of up to approximately C$4.0 million.
The Charity FT Units will be offered by way of a best efforts private placement pursuant to exemptions from the prospectus requirements to residents of the Provinces of British Columbia, Alberta, Saskatchewan, Ontario, Quebec, and such other Canadian jurisdictions as may be agreed to by the Company and PI Financial, at a price of C$0.63 per Charity FT Unit. Each Charity FT Unit shall consist 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”).
The FT Units will be offered by way of a best efforts private placement pursuant to exemptions from the prospectus requirements to residents of the Provinces of British Columbia, Alberta, Saskatchewan, Ontario, Quebec, and such other Canadian jurisdictions as may be agreed to by the Company and PI Financial, at a price of C$0.51 per FT Unit. Each FT Unit shall consist 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 from the Closing Date at an exercise price of C$0.70.
The aggregate gross proceeds raised from the Charity FT Units and FT Units will be used before 2023 for general exploration expenditures which will constitute Canadian exploration expenses (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”)), that will qualify as “flow through mining expenditures” within the meaning of the Tax Act.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 68,945,801 shares outstanding.
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, B.C. – April 21, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE:970) (“Kingfisher” or the “Company”) is pleased to announce rock sampling and backpack drilling results from the 2020 exploration program at its 100% owned Goldrange Project, located in southwestern British Columbia. The Goldrange Project is located approximately 25km south of the town of Tatla Lake with logging road access to the north end of the 367km2 project.
Highlights
Backpack drilling of 10.84 g/t Au over 6.9 m from surface.
33 rock samples with an average grade of 11.64 g/t Au and a median grade of 4.73 g/t Au.
8 rock samples over 10 g/t Au with highlights of 82.10 g/t Au, 63.90 g/t Au, 40.40 g/t Au, and 31.80 g/t Au.
“The results from our Cloud Drifter Trend continue to impress us. Our 2020 work has now returned 312 rock samples averaging 6.26 g/t Au. Additionally, it is very encouraging to see good grades over significant widths from surface in backpack drilling. We are very excited to put the first diamond drill holes into the Cloud Drifter Trend this summer.” Stated CEO, Dustin Perry.
“In just a handful of field days our exploration team discovered two new gold showings and collected outstanding results from the Standard Zone. These time-efficient products are a testament to our hard working, results-driven team. This new mineralization style provides us with a key vector for analogous focused gold corridors within the Cloud Drifter Trend.” Stated VP Exploration, Gayle Febbo.
The Goldrange Project covers a significant deformation zone with numerous precious metal veins across the project. Mineralization at Goldrange occurs as orogenic gold of similar age of the Bridge River camp, part of the Yalakom Gold Belt. Several areas of historical hand mining are located within the project and date back to the 1930s.
The 2020 exploration program was focused on defining drill targets at the Cloud Drifter Trend as well as evaluating the potential of several historically sampled mineralized zones on the project.
The Cloud Drifter Trend is a band of several historical zones of mineralization tied together by a highly anomalous Au-Ag-As-Sb-Cu-Bi-Te soil anomaly with grades up to 22.08 g/t Au (see March 31, 2021 release). Limited historical rock sampling was completed within the highest strength geochemical anomaly at the Cloud Drifter Zone and was the focus of 2020 work.
Previously released rock sampling at the Cloud Drifter Trend outlined 279 rock samples grading up to 128.90 g/t Au and averaging 5.62 g/t Au (see April 14, 2021 release).
The current release includes 33 rock samples (figure 1) and one backpack drill hole totalling 9.60m. Rock chip sampling returned grades from 0.03 g/t Au to 82.1 g/t Au with an average grade of 11.64 g/t Au (table 1). Rock grab samples are selective in nature and cannot be considered as representative of the underlying mineralization. Backpack drilling returned 10.84 g/t Au over 6.90m from surface at the Standard Zone.
Figure 1: Cloud Drifter Trend 2020 Rock Samples
Au g/t
Ag g/t
Cu %
# Samples
33
33
33
Minimum Value
0.033
0.2
0.0015
Maximum Value
82.067
47.6
0.99
Average Value
11.64
10.2
0.17
Median Value
4.73
5.1
0.05
90th Percentile
36.96
30.24
0.57
Table 1: Standard, Essential, and Waterfall 2020 Rock Samples
The Standard, Essential, and Waterfall Zones (figure 2) occur along north trending fold corridors that project under talus cover towards the Cloud Drifter Zone. Mineralization is focused along gentle to moderately east-dipping veins and local sulfide-cement breccia along the fold hinge.
Figure 2: Standard, Essential, and Waterfall 2020 Rock Samples
Backpack drilling was completed in one hole (BP-ST-20-01) above the historical workings. Drilling was collared to test a prominent gossan up slope of the adit. The 9.6m vertical drill hole was oriented perpendicular to flat lying veins in the area and down the hinge of an anticline. Drilling encountered gold mineralization throughout the hole with a highlight intercept of 10.84 g/t Au over 6.90m from surface containing a sub-interval of 18.35 g/t Au over 2.90m from 1.09m. Detailed drill results can be found within the appendix of the linked technical presentation.
Quality Assurance and Quality Control
Rock samples were submitted to Acme Labs, a division of Bureau Veritas, located in Vancouver, British Columbia, an ISO9001:2008 accredited laboratory. The rocks samples were prepared using the PRP70-250 method by crushing 1.0kg of rock to =>70% passing through a 2mm sieve. Two hundred and fifty grams was then pulverized so that =>85% passes through a less than 75 μm sieve. A 0.25g split was then subjected to a 4 acid near total digest where the split is heated in a HNO3, HClO4 and HF solution to fuming, dried and then dissolved in HCL. The resulting solution was then analyzed for 45 major and trace elements using ICP-ES/MS (method code MA200). A 30g split was analyzed for gold using a lead collection fire assay fusion that was then digested and analyzed using AAS (method code FA430).
A 30g split of samples that assayed >10ppm gold and/or >200ppm Ag were analyzed using a lead collection fire assay fusion with a gravimetric finish (method code FA530). Samples that assayed for >200 ppm W, > 4000ppm Bi, Mo, Sb, >10000 ppm Cu, Pb or Zn were digested using a HNO3, HClO4 and HF solution to fuming, dried and then dissolved in HCL. The resulting solution was then analyzed using ICP-ES (method code MA370). Samples that assayed > 10000ppm As were digested using a modified aqua regia digestion (1:1:1 HNO3:HCl:H2O) and analyzed using ICP-ES (method code MA370).
Qualified Person
Dustin Perry, P.Geo., Kingfisher’s CEO, is the Company’s Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has prepared the technical information presented in this release.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 68,945,801 shares outstanding.
For further information, please contact:
Dustin Perry, P.Geo. CEO and Director Phone: +1 236 358 0054 E-Mail: [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.
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: 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. – April 14th, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE:970) (“Kingfisher” or the “Company”) is pleased to announce its initial rock sampling and backpack drilling results from the 2020 exploration program at its 100% owned Goldrange Project, located in southwestern British Columbia. The Goldrange Project is located approximately 25km south of the town of Tatla Lake with logging road access to the north end of the 367km2 project.
Highlights
279 rock samples with an average grade of 5.62 g/t Au and a median grade of 2.22 g/t Au.
38 samples over 10 g/t Au with highlights of 128.90 g/t Au, 67.20 g/t Au, 53.90 g/t Au, 48.10 g/t Au, 46.00 g/t Au, and 45.60 g/t Au.
Channel sampling up to 2.08 g/t Au over 6m.
Backpack drilling up to 0.97 g/t Au over 8.3m.
Identification of multiple structural styles of mineralization within intrusive, volcanic, and sedimentary rocks.
Identification of two broad areas of intense structurally-hosted quartz veins at the Cloud Drifter and Langara Zones.
“An average grade of 5.62 g/t Au over 279 samples is very significant and helps to explain what is causing the 3 km-long gold-in-soil anomaly. All shallow backpack drill holes in the Cloud Drifter Trend returned gold mineralization and hand trenches in the forest were also successful at outlining gold mineralization.” Stated CEO, Dustin Perry.
“Our 2020 field program encountered many new zones of previously unsampled mineralization, which suggests that this highly prospective segment of the Yalakom Gold Belt has been largely underexplored. Our geological model corroborates the geochemical results along the trend and allows us to plan our 2021 drill program with confidence.” Stated VP Exploration, Gayle Febbo.
The Goldrange Project covers a significant deformation zone with numerous precious metal veins across the project. Mineralization at Goldrange occurs as orogenic gold of similar age of the Bridge River camp, part of the Yalakom Gold Belt. Several areas of historical hand mining are located within the project and date back to the 1930s.
The 2020 exploration program was focused on defining drill targets at the Cloud Drifter Trend as well as evaluating the potential of several historically sampled mineralized zones on the project.
The Cloud Drifter Trend is a band of several historical zones of mineralization tied together by a highly anomalous Au-Ag-As-Sb-Cu-Bi-Te soil anomaly with grades up to 22.08 g/t Au (see March 31, 2021 release). Limited historical rock sampling was completed within the highest strength geochemical anomaly at the Cloud Drifter Zone and was the focus of 2020 work.
There were 279 rock samples (figure 1) within the Cloud Drifter and Langara Zones at the Cloud Drifter Trend. The average value of the 2020 results is 5.62 g/t Au with a median value of 2.22 g/t Au (table 1). Rock sample results range from below detection limit to 128.90 g/t Au. Rock grab samples are selective in nature and cannot be considered as representative of the underlying mineralization.
Rock sampling within the Cloud Drifter Zone (figure 2) was highly successful at outlining several broad areas of quartz-sulfide mineralization where very limited historical work had been completed. Sampling at the upper Cloud Drifter Zone (see inset in figure 2) was completed with significantly more detail than elsewhere due to excellent exposure in that location.
Figure 2: Cloud Drifter Zone 2020 Rock Samples
Backpack drilling (49.97 m over 15 shallow holes) was completed at the Argo and Upper Cloud Drifter Zones as well as the Langara Zone. Drilling was completed where access was safe and possible given that no drill pads were built. Given the forested nature of the majority of the Cloud Drifter soil anomaly and the access issues from possible helicopter landing sites, no drilling was completed within this area. Backpack drilling is limited in its penetration capability and the deepest drill hole included within this release was 8.3m.
Highlights from backpack drilling within the Cloud Drifter Trend include:
8.3m of 0.97 g/t Au in hole BP-CD-20-02
1m of 6.05 g/t Au in hole BP-CD-20-05
4m of 0.28 g/t Au, 33.65 g/t Ag, and 0.42% Cu in BP-LG-20-06
Detailed assay results for all backpack drill holes as well as annotated core photos for BP-CD-20-02 can be found within the presentation associated with this release.
Rock sampling at the Langara Zone (figure 3) was limited in its extent and focused around two historic adits, which date back to the 1930s. Access to the adits was not possible due to recent talus obscuring the entrances. Sampling from dumps and workings returned values up to 14.4 g/t Au. The peak value from the Langara Zone was 30.2 g/t Au which exceeded historically documented peak values in the zone. The peak silver value within the Cloud Drifter Trend was located within the Langara Zone and returned 1500.1 g/t Ag.
Figure 3: Langara Zone 2020 Rock Samples
Quality Assurance and Quality Control
Rock samples were submitted to Acme Labs located in Vancouver, British Columbia, an ISO9001:2008 accredited laboratory. The rocks samples were prepared using the PRP70-250 method by crushing 1.0kg of rock to =>70% passing through a 2mm sieve. Two hundred and fifty grams was then pulverized so that =>85% passes through a less than 75 μm sieve. A 0.25g split was then subjected to a 4 acid near total digest where the split is heated in a HNO3, HClO4 and HF solution to fuming, dried and then dissolved in HCL. The resulting solution was then analyzed for 45 major and trace elements using ICP-ES/MS (method code MA200). A 30g split was analyzed for gold using a lead collection fire assay fusion that was then digested and analyzed using AAS (method code FA430).
A 30g split of samples that assayed >10ppm gold and/or >200ppm Ag were analyzed using a lead collection fire assay fusion with a gravimetric finish (method code FA530). Samples that assayed for >200 ppm W, > 4000ppm Bi, Mo, Sb, >10000 ppm Cu, Pb or Zn were digested using a HNO3, HClO4 and HF solution to fuming, dried and then dissolved in HCL. The resulting solution was then analyzed using ICP-ES (method code MA370). Samples that assayed > 10000ppm As were digested using a modified aqua regia digestion (1:1:1 HNO3:HCl:H2O) and analyzed using ICP-ES (method code MA370).
Qualified Person
Dustin Perry, P.Geo., Kingfisher’s CEO, is the Company’s Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has prepared the technical information presented in this release.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 68,945,801 shares outstanding.
For further information, please contact:
Dustin Perry, P.Geo. CEO and Director Phone: +1 236 358 0054 E-Mail: [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.
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: 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. – March 31, 2021 – Kingfisher Metals Corp. (TSX-V: KFR, FSE: 970) (“Kingfisher” or the “Company”) is pleased to announce initial results from the 2020 exploration program at its 100% owned Goldrange Project, located in Southwestern British Columbia. The Goldrange Project is located approximately 25km south of the town of Tatla Lake, with logging road access to the north end of the 367km2 project.
Highlights
997 soil samples were taken at the Cloud Drifter Trend within the Goldrange Project.
Detailed (25m x 25m) infill soil sampling confirmed and strengthened a historical anomaly defined in 1987-88.
Soil sampling returned highly anomalous gold grades up to 22.08 g/t Au with 30 samples over 1 g/t Au.
The combined 2020 and 1987-88 soil anomaly includes 2473 samples with 50 samples over 1 g/t Au, 134 samples over 0.5 g/t Au, and 306 samples over 0.25 g/t Au.
Detailed geological mapping of the area identified a robust orogenic/intrusion related gold system that is likely responsible for the anomaly.
“I am very impressed with our technical team’s ability to have outlined such a robust target on a tight budget over two 3-week periods in 2020. Cloud Drifter represents an opportunity for the discovery of a new orogenic gold system in Southern British Columbia. Kingfisher is currently analysing data from the 2020 exploration program and is formulating plans for drill testing of the Cloud Drifter Trend. It should be noted that the 4.5km² Cloud Drifter Trend occupies only ~1% of the 367km² Goldrange Project and highlights the regional prospectivity of the project.” Stated CEO, Dustin Perry.
Vice President of Exploration Gayle Febbo comments “The 2020 exploration program at the Cloud Drifter Trend confirmed and enhanced the historic data acquired from 1987-88. Sampling and mapping outlined a 3km-long strong multi-element anomaly coincident with quartz-sulphide veins in outcrop. Detailed geological mapping outlined a robust, structurally controlled gold vein system with domains of high-density quartz-sulphide veins spatially associated with the strongest gold-in-soil anomalies. The Cloud Drifter Trend represents a potentially world-class drill target within an underexplored orogenic gold belt.”
The Goldrange Project covers a significant deformation zone with numerous precious metal veins across the project. Mineralization at Goldrange occurs as orogenic gold and intrusion related gold systems. Several areas of historic hand mining are located within the project and date back to the 1930s. The historic soil anomaly was originally defined in 1987-88 by Ross Beaty’s first company, Equinox Resources, during a period of declining gold prices.
The 2020 exploration program was focused on defining drill targets at the Cloud Drifter Trend as well as evaluating the potential of several historically defined mineralized zones on the property. Additionally, a property-wide LiDAR survey was completed to aid in mapping the structural geology on the district-scale project. High-resolution (50m line spacing) airborne magnetics and radiometrics were completed over the Cloud Drifter Trend.
The Cloud Drifter Trend includes several historic zones of mineralization tied together by a highly anomalous historic Au-As soil anomaly that was sampled in 1987-88 (figure 1). Within the historic soil anomaly limited historic rock sampling, prospecting, and mapping was completed. Kingfisher identified the unexplained anomaly as having the potential to be related to a significant orogenic gold system. The 2020 exploration program was focused on developing a geological model for the area as well as confirming and increasing the resolution of the historic soil anomaly.
There were 977 soil samples that were completed between 100m spaced historic sample lines (figure 2) in a 25m x 25m grid pattern. Sampling returned highly elevated concentrations of gold with coincident highly anomalous concentrations of Ag, As, Sb, Cu, Bi, Te, and W. The 2020 soil survey returned values from below detection limit up to 22.08 g/t Au with 30 samples over 1 g/t Au, 76 samples over 0.5 g/t Au, and 175 samples over 0.25 g/t Au.
Figure 1 – 1987-88 Soil Sampling
Figure 2 – 2020 Soil Sampling
Figure 3 – Combined Soil Sampling
Combined with the 1987-88 historical survey (figure 3), there are 50 samples over 1 g/t Au and 134 samples over 0.5 g/t Au. Across the 3km trend the combined surveys have a median value of 39.0 ppb Au with a 90th percentile of 303.8 ppb Au (0.3 g/t Au).
The Cloud Drifter Trend soil anomalies highlight two distinct anomalies at the Cloud Drifter Zone and the Langara Zone. Between the two regions lies an area of extensive fluvial cover that may be obscuring a potential underlying anomaly.
Mapping and detailed rock sampling within the Cloud Drifter Trend defined numerous zones of quartz-sulfide veining including discrete quartz-arsenopyrite veins, sheeted quartz-arsenopyrite veins, quartz-arsenopyrite breccias, replacements of massive arsenopyrite, and intrusive-hosted quartz-arsenopyrite ± chalcopyrite stockwork. Mineralization occurs within quartz-diorite, andesite, and sandstones. There is a strong spatial correlation between quartz-sulfide veins and areas of highly anomalous gold-in-soils.
Soil samples weighing approximately 250 grams per sample were delivered by Company personnel to Acme Labs located in Vancouver, BC, an ISO9001:2008 accredited laboratory. The soil samples were prepared using the SS80 method by drying them at 60˚C and sieving to less than 180 μm (80 mesh). A 30 gram split of the sieved soil sample was then subjected to a modified aqua regia digestion (1:1:1 HNO3:HCl:H2O) and analyzed for 37 major and trace elements using ICP-ES/MS (method code AQ252). Field duplicates were collected and submitted every 40 samples.
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 news release.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 68,845,801 shares outstanding.
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.
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: 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. – March 25, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (“KFR” or the “Company”) is pleased to announce that the Company’s shares have been accepted for listing on the Frankfurt Stock Exchange (“FSE”) and commenced trading on March 25, 2021 under the symbol “970”.
The Company’s common shares are now cross listed on the TSX Venture Exchange and the FSE. The FSE is one of the world’s leading international stock exchanges by revenue, profitability, and market capitalization and is the largest of Germany’s stock exchanges.
Dustin Perry, CEO of KFR said, “We are very pleased to commence trading on the FSE today as it provides direct access to the European capital markets and an opportunity for the Company to increase trading liquidity and facilitate investment by expanding our shareholder base throughout Europe.”
Additionally, the Company is pleased to report that it acquired additional mineral tenures at the Ecstall and Goldrange projects to cover ground with favourable geological, geochemical, geophysical, or structural characteristics for hosting VMS (Cu-Au-Ag-Zn) and orogenic gold (Au) styles of mineralization. An additional 33.9 km2 was staked at the Ecstall project which now totals 284 km2 (Figure 1) and an additional 155.3 km2 was staked at the Goldrange Project which now totals 367 km2 (Figure 2).
Figure 1: Ecstall Project
Figure 2: Goldrange Project
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 68,535,801 shares outstanding.
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, B.C. – March 18, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (“KFR” or the “Company”) is pleased to announce that the Company has commenced trading on the TSX Venture Exchange (“TSX-V”) under the symbol “KFR”.
This listing follows the closing of the Company’s qualifying transaction with Seashore Resource Partners Corp. The concurrent private placement of C$6.03 million provides the Company with a strong balance sheet to advance its exploration efforts for the foreseeable future.
Dustin Perry, CEO of KFR said, “We are very pleased to close the qualifying transaction with Seashore and the concurrent private placement. Kingfisher is well positioned strategically to pursue high-grade gold, copper, silver, and zinc opportunities in our three fully owned district-scale properties that are situated in British Columbia. I would personally like to thank everyone involved who helped us get to where we are today, and I am excited for what lies ahead for the Company in our pursuit to deliver value to our shareholders.”
Additionally, the Company is pleased to report that disinterested shareholders of the Company voted via written consent in favour of implementing the certain changes needed to transition to the TSX-V’s Policy 2.4 – Capital Pool Companies effective as of January 1, 2021 (“Policy 2.4”), being:
(i) removing the consequences associated with the Company not completing a Qualifying Transaction within 24 months of its listing date; and
(ii) authorizing the Company to make certain amendments to the Company’s escrow agreement in order to allow the Company’s escrowed securities to be subject to an 18-month escrow release schedule rather than the current 36-month escrow release schedule in the former Policy 2.4.
These changes were approved by the TSX-V on March 9, 2021 and a copy of the amended and restated escrow agreement will be filed under the Company’s profile on SEDAR.
Please refer to the Company’s news release dated January 14, 2021 for further details with respect to the amendments associated with the new Policy 2.4.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 68,535,801 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
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, B.C. – March 12, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (“KFR” or the “Company”) (formerly Seashore Resource Partners Corp.) is pleased to announce that the Company has completed its acquisition of all the issued and outstanding shares of Kingfisher Resources Ltd. (“Kingfisher”) in exchange for the issuance of an aggregate of 39,173,801 common shares of the Company (the “Transaction”). The Transaction constitutes the Company’s Qualifying Transaction as such term is defined in Policy 2.4 – Capital Pool Companies of the TSX Venture Exchange (the “TSX-V”).
Trading in the Company’s common shares (“Company Shares”) is expected to re-commence on the TSX-V on or about March 16, 2021 under the symbol “KFR”. A total of 8,900,000 Company Shares held by certain shareholders are subject to escrow restrictions in accordance with the policies of the TSX-V.
Transaction Summary
Pursuant to the Transaction, the Company issued an aggregate of 39,173,801 Company Shares to the founding holders of common shares of Kingfisher (“Kingfisher Shares”) on the basis of one Company Share for each Kingfisher Share at a deemed price of C$0.25 per Kingfisher Share.
As a result of the Transaction, the Company has an aggregate of 68,535,801 Company Shares issued and outstanding on a non-diluted basis, including the Company Shares issued in connection with the Financing described below.
A more detailed description of the Transaction is contained in the Company’s filing statement dated March 3, 2021 that can be found under the Company’s SEDAR profile at www.sedar.com.
Concurrent Financing
In connection with the Transaction, an aggregate of 24,120,000 units (each a “Unit”) of the Company were issued pursuant to a non-brokered private placement (the “Financing”) at a price of C$0.25 per Unit for total gross proceeds of C$6,030,000. Each Unit consisted of one Company Share and one share purchase warrant (“Warrant”). Each Warrant will be exercisable at a price of C$0.50 until March 16, 2023, subject to accelerated expiry.
The proceeds of the Financing will be utilized for payments due pursuant to exploration costs on KFR’s permits, general working capital, and the Transaction. The securities issuable in the Financing are subject to a four month hold period expiring on July 13, 2021.
Board and Management Changes
Concurrent with closing of the Transaction, Hugh Rogers and Alex Langer have resigned as directors of the Company, and Dustin Perry, David Loretto, Richard Trotman, and Giuseppe (Pino) Perone have been appointed as directors of the Company, to serve with Chris Beltgens. Dustin Perry has been appointed Chief Executive Officer, Barry MacNeil has been appointed Chief Financial Officer, and Giuseppe (Pino) Perone has been appointed Corporate Secretary of the Company.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 68,535,801 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
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.
Further to its press releases dated Sept. 30, 2020, regarding its proposed qualifying transaction with Kingfisher Resources Ltd., Seashore Resources Partners Corp. has filed a filing statement dated March 3, 2021, and a National Instrument 43-101 compliant technical report as prepared by Christopher Dyakowski, PGeo, for the Ecstall property supporting the scientific and technical disclosure contained in the filing statement. The filing statement and technical report can be found under the company’s SEDAR profile.
Closing
The transaction is expected to close on or around March 8, 2021, with the company changing its name to Kingfisher Metals Corp. in connection therewith.
Private placement
The company has arranged a non-brokered private placement to raise aggregate gross proceeds of $6.03-million through the issuance of 24.12 million units.
Each unit will consist of one common share of the resulting issuer and one share purchase warrant. Each warrant will be exercisable at a price of 50 cents per resulting issuer share for a period of 24 months. If, on any 10 consecutive trading days occurring after four months and one day has elapsed following the closing date of the financing, the volume-weighted average closing sales price of the resulting issuer shares (or the closing bid, if no sales were reported on a trading day) as quoted on the TSX Venture Exchange is greater than 75 cents per share, the resulting issuer may at its sole discretion provide notice in writing to the holders of the warrants by issuance of a press release that the expiry date of the warrants will be accelerated to the 30th day after the date on which the resulting issuer issues such press release.
The proceeds of the financing will be utilized for exploration programs on the resulting issuer’s mineral properties, general working capital and the costs associated with the transaction. Finder’s fees will be payable in association with the financing. These fees will consist of 7 per cent to be paid in cash and the issuance of warrants equal to 7 per cent of the units sold by such finders. The completion of the financing is subject to the approval of the TSX-V.
