Kingfisher Announces Arrival of Second Diamond Drill at HWY 37 Project; Targeting Hank Porphyry Cu-Au Drill 2 of 3 now on Site; Third Rig Scheduled to Arrive July 1
Kingfisher Announces Arrival of Second
Diamond Drill at HWY 37 Project; Targeting
Hank Porphyry Cu-Au
Drill 2 of 3 now on Site; Third Rig Scheduled to Arrive July 1
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2026) - Kingfisher Metals Corp. (TSXV: KFR)
(FSE: 9700) (OTCQB: KGFMF) (
"Kingfisher"
or the
"Company"
) announces that the second of three
diamond drills has arrived on site at the HWY 37 Project, located within the Golden Triangle of British
Columbia. The second drill will collar in the Hank Porphyry Target area, complementing the first drill,
which is currently extending drill hole HW-25-011.
1
The fully funded 2026 program comprises 15,000 m of diamond drilling at the Hank-Mary District. The
program is designed to delineate porphyry Cu-Au mineralization observed in discovery hole HW-25-011,
test shallow epithermal Au-Ag mineralization as well as new discovery targets. The third diamond drill is
on track to arrive to site July 1.
Dustin Perry, CEO, states:
"The arrival of the second drill on site brings us closer to our full three-rig
program at the Hank-Mary District. With drilling at the Hank Porphyry Discovery commencing last
week and the second drill mobilizing now, our 2026 program is on schedule."
2026 Drill Program Update
The first diamond drill has re-entered the 2025 Hank Porphyry discovery hole (HW-25-011) with the goal
of extending mineralization beyond the previously reported intercept of 425 m of 0.15% Cu, 0.21 g/t Au,
and 2.2 g/t Ag (0.40% CuEq).
1,2,3
The original intercept bottoms in increasing Cu grades at 959 m
depth where potassic alteration is identified and becoming more prevalent.
2026 Field Program Underway
Reconnaissance prospecting and regional stream sediment sampling are scheduled to begin shortly
across the HWY 37 Project, with geological mapping and soil sampling scheduled to begin during the
second week of July. Ground IP geophysics and the airborne Mobile Magnetotelluric (MMT) and
magnetic surveys remain on track to commence around mid-July.
Qualified Person
Technical aspects of this news release have been reviewed, verified, and approved by Tyler Caswell,
P.Geo., Vice President, Exploration, of Kingfisher, who is a qualified person as defined by National
Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Caswell is not independent of the
Company.
Market Making Services
The Company has engaged the services of ICP Securities Inc. ("
ICP
") to provide automated market
making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the
policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a
monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and ICP was
signed with a start date of June 25, 2026, and is for four (4) months (the "
Initial Term
") and shall be
automatically renewed for subsequent one (1) month terms (each month called an "
Additional Term
")
unless either party provides at least thirty (30) days' written notice prior to the end of the Initial Term or an
Additional Term, as applicable. There are no performance factors contained in the agreement and no
stock options or other compensation in connection with the engagement. ICP and its clients may acquire
an interest in the securities of the Company in the future.
ICP is an arm's-length party to the Company. ICP's market making activity will be primarily to correct
temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for
the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds
or securities for the market making activities.
ICP is a Toronto-based Canadian Investment Regulatory Organization (CIRO) dealer-member that
specializes in automated market making and liquidity provision, as well as having a proprietary market
making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a
focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to
deliver high-quality liquidity provision and execution services to a broad array of public issuers and
institutional investors.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian-based exploration company
focused on copper-gold exploration in the Golden Triangle, British Columbia. Through outright purchases
and option earn-in agreements (Orogen Royalties, Golden Ridge Resources, and Aben Gold), the
Company has quickly consolidated one of the largest land positions in the Golden Triangle region with
the 933 km² HWY 37 Project and the 202 km² Forrest Kerr Project. Kingfisher also owns (100%) two
district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has
140,301,129 shares outstanding as of the date of this news release.
For further information, please contact:
Dustin Perry, P.Geo.
CEO and Director
Phone: +1 778 606 2507
Email:
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 statements that
constitute "forward-looking statements." Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the Company's actual results, performance or
achievements, or developments to differ materially from the anticipated results, performance or
achievements expressed or implied by such forward-looking statements. Forward-looking statements
are statements that are not historical facts and are generally, but not always, identified by the words
"expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar
expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this news release include, among others, statements regarding the
timing and mobilization of the second and third diamond drills and the achievement of full three-rig
capacity at the Hank-Mary District; the scope and timing of the fully funded 15,000 m 2026 drill
program; the re-entry and extension of discovery hole HW-25-011 and the potential for mineralization
to continue at depth; the testing of the Company's epithermal and porphyry targets; the timing and
results of the 2026 field, sampling and geophysical programs; and other statements that are not
historical facts. By their nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results, performance or achievements, or
other future events, to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors and risks include, among
others: the Company may require additional financing from time to time in order to continue its
operations which may not be available when needed or on acceptable terms and conditions;
compliance with extensive government regulation; domestic and foreign laws and regulations could
adversely affect the Company's business and results of operations; the stock markets have
experienced volatility that often has been unrelated to the performance of companies and these
fluctuations may adversely affect the price of the Company's securities, regardless of its operating
performance.
The forward-looking information contained in this news release represents the expectations of the
Company as of the date of this news release and, accordingly, is subject to change after such date.
Readers should not place undue importance on forward-looking information and should not rely upon
this information as of any other date. The Company undertakes no obligation to update these forward-
looking statements in the event that management's beliefs, estimates or opinions, or other factors,
should change.
Footnotes
¹ See news release dated January 22, 2026, available at www.kingfishermetals.com and on the Company's SEDAR+ profile at
www.sedarplus.ca
.
² Assumptions used in USD for the metal equivalent calculation were metal prices of $4.00/lb copper, $3,000/oz gold, and $30/oz silver. No current
or historical metallurgical work has been completed; therefore, recoveries are assumed to be 80% for copper, 80% for gold, and 80% for silver. The
following equation was used to calculate the copper equivalence: CuEq = copper (%) + (gold (g/t) x 1.0938) + (silver (g/t) x 0.0109). Differences
may occur due to rounding.
³ The reported intercept represents drill-hole (core-length) width; true widths are not yet known.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/302829