Goldrange – Kingfisher Metals

The project covers broad area of high-grade orogenic gold mineralization similar in style to the Bralorne Gold Mine which produced 4.2M oz gold at 17.7 g/t. The project sits ~140km northwest of Bralorne along the same regional fault network host to numerous gold occurrences. The Goldrange Project covers a broad area of highly anomalous gold and arsenic in stream sediment samples with limited historic exploration and no diamond drilling despite hand mining activities dating back to the 1930s.

The project is located within 12km of forest service roads and ~35km from transmission lines that pass through the nearby community of Tatla Lake.

The area receives moderate precipitation with a working season of May to October.

1911

Gold was discovered on the Argo-Langara showings by early prospectors, accessed by horse trails from Tatlayoko lake

1930s

Significant exploration and adit workings on what is now the Cloud Drifter Trend (Argo, Langara and Standard showings)

1940s - early 1980s

Exploration activity hiatus, only small prospecting campaigns on the Goldrange property

1983-1984

Discovery of gold veins by Homestake Mineral Development Company in the A zone, and results of gold grades of up to 2.6 oz/t in float, and discovery of multi-ounce gold in float in the ‘Three Ounce Valley

1987-1988

Equinox Resources Inc. discovers large alteration trend on Argo claims (now Cloud Drifter trend) and several new Au-Ag zones were identified. Prospectors identified new mineralization on the HW showings, with values > 1 oz/ton Au

1987

Prospectors discovered the HW showings and identified > 1 oz/t gold veins

1990-1991

The Lotus gold prospect was discovered with Au values up to 0.664 oz/ton Au, as well as the Champagne vein to the north

1997

Black Horn Gold Mines discovered the Galena, Hunting Lodge and Milk Can showings on the Nuit claims

2003

Skeena Resources Ltd. completed reconnaissance prospecting and sampling program including results with > 6 oz/t Au in float near the HW showings

2003-2020

Hiatus in exploration, only small sampling programs conducted

2020

Goldrange property assembled by Kingfisher Metals

The Goldrange Project is located within the Coast Belt, adjacent to a major NW-striking structural boundary with the Intermontane Belt to the northeast. In the area of the project, the Coast Belt includes the pre-accretion Stikine terrane (Stuhini and Hazelton groups), post-accretion metamorphic rocks (Triassic to Cretaceous), volcanic rocks (Ottarasko Formation; Lower Cretaceous) and sedimentary rocks (Cloud Drifter Formation; Lower Cretaceous). These rocks are overprinted by mid-Cretaceous fold-and-thrust contractional deformation, which is in turn cut by a Late Cretaceous to Paleocene granodiorite (Bendor suite) and overlain unconformably by Powell Creek Formation (upper Cretaceous) volcanic rocks to the east.

The Goldrange Project includes both pre- and post-accretion layered rocks (upper Triassic to upper Cretaceous) as well as intrusions of Cretaceous age. Boundaries between layered rocks are either thrust or strike-slip faults. The southern extent of the project is underlain by sedimentary and volcanic rocks of the Mount Moore and Cloud Drifter formations, and a very small domain of the Powell Creek Formation along the southeastern margin of the claims. The southern project is partially bound to the south and north by two northeast-elongate Bendor suite intrusions. The northern Goldrange project is underlain by the Cloud Drifter Formation to the east, and a series of thrust fault-bound panels of volcanic rocks of the Ottarasko Formation and limestone and volcanic rocks of the Stuhini Group.

Layered rocks (Triassic to upper Cretaceous) of the Goldrange project have undergone deformation (D₁) and metamorphism related to the formation of the East Waddington fold-and-thrust belt, active between 82-87 Ma. Thrust faults carried Triassic and Cretaceous rocks to the northeast along W-dipping thrust faults, which are subparallel to bedding. Beds in the Cloud Drifter Formation include both right-side-up as well as overturned, separated by E- and W-dipping axial planes to overturned, thrust-bounded, isoclinal folds. Metamorphism is syn- to post-kinematic and metamorphic grade increases from northeast to southwest with a series of NW-striking, SW-dipping isograds. Metamorphic grade ranges from sub-greenschist in the Powell Creek Formation to greenschist and amphibolite in the Ottarasko Formation. A second deformation event (D₂) is associated with gentle, NW-trending folds.

Mineralization within the Goldrange Project occurs as structurally controlled orogenic gold mineralization ranging from mesozonal in the west of the project to epizonal in the eastern parts of the project. Mineralization occurs as discrete quartz (±carbonate) veins, quartz-sulfide breccias, replacement zones, and quartz stockworks. Mineralization is hosted within volcanic, sedimentary, and intrusive rocks. Veins on the project can be up to >1m in width and >150m in strike and are commonly parallel to shear zones, thrust faults, and reverse faults.

Gold mineralization within the western part (mesozonal) of the project occurs primarily within discrete quartz (±carbonate) with pyrite, arsenopyrite, and chalcopyrite with total sulfide abundancies ranging from trace to 5%. Pathfinder element signatures include As, Ag, W, Te, and Bi and alteration minerals include chlorite, fuchsite, and ankerite.

Gold mineralization within the eastern part (epizonal) of the project occurs within discrete narrow veins often occurring in swarms, sulfide breccias, replacement zones, and quartz stockworks which are limited to intrusive rocks. Mineralization occurs predominantly with arsenopyrite and chalcopyrite with minor pyrite, pyrrhotite, marcasite, trace amounts of minor galena, sphalerite, digenite, stibnite and molybdenite. Total sulfide abundancies range from trace to 80%. Trace element signatures include As, Cu, Ag, Sb, Bi, Te, with lesser W, Pb, Zn, and Mo.

There are several historic gold occurrences across the project and despite historic hand mining activities, there has been no drill testing across the Goldrange Project.

Historic Grab and Channel Sample Highlights Across Goldrange Property

Target/zone	Minfile	Type	Au (g/t)	Ag (g/t)
Three Ounce Valley	n/a	float	89.0	8.4
Champagne	092N 059	grab	24.1	n/a
HW	092N 058	float	226	156
AT 3-4	092N 057	grab	15.3	5.1
Homestake	092N 035	0.4 m chip	359.8	1108
Lori (A zone)	092N 047	grab	20.36	0.05
Lotus	092N 062	1.0 m chip	22.7	50.73
Standard	O92N 037	3.4 m chip	12.3	17.14
Langara	092N 036	grab	26.75	39.5
Argo	092N 038	1.8 m chip	8.2	5.1

¹ Historic data compiled from publicly available data. Historic samples range from below detection limits to the maximum value noted in the above table.