Kingfisher Announces Further Consolidation in Golden Triangle with Option to Acquire Forrest Kerr Project
Kingfisher Announces Further Consolidation in Golden Triangle with
Option to Acquire Forrest Kerr Project
VANCOUVER, BRITISH COLUMBIA, December 4, 2025 - Kingfisher Metals Corp. (TSX -V: KFR) (FSE:
970) (OTCQB: KGFMF) (“ Kingfisher” or the “ Company”) is pleased to announce the signing of a
three-year property option agreement to acquire the Forrest Kerr Project in the Golden Triangle,
British Columbia (the “Forrest Kerr Option Agreement”), subject to the approval of the TSX Venture
Exchange (the “TSXV”). The 202 km2 Forrest Kerr Project is located ~1 km south of the 933 km2 HWY
37 Project and stretches south for ~40 km (Figure 1).
Historical exploration on the Forrest Kerr Project largely focused shallow drilling targeting high-grade
precious metal veins with limited use of modern exploration techniques ( e.g. IP geophysics, 3D
modeling, LiDAR) and without investigation of porphyry potential.
The Forrest Kerr Project is host to three large prospective porphyry copper-gold and epithermal gold-
silver target areas that are located at RDN, Boundary, and Forrest Creek ( Figure 2). Additional
opportunities exist to improve upon high-grade gold intercepts such as 90.27 g /t Au over 4 m 1
through structural analysis and further exploration.
Forrest Kerr Project Highlights:
o 202 km2 project in the Golden Triangle with tenures in good standing until 2030
o High-grade copper-gold mineralization (Table 1)
o Multi-kilometer scale copper and gold soil anomalies (Figure 3 & Figure 4)
o Porphyry copper-gold targets have seen limited drilling/targeting
o KSM-age Texas Creek intrusive rocks are present - similar geological setting to KSM
and Brucejack porphyry-epithermal trend
o Favourable erosional level – exposure of Triassic-Jurassic unconformity (‘red line’)
o High-grade gold systems have not seen adequate structural modeling
o Road networks - Galore C reek road to north and service roads for hydroelectric
projects on claim in south
Dustin Perry, CEO of Kingfisher, states “The Forrest Kerr Project is highly prospective for both high -
grade gold -silver mineralization as well as porphyry copper -gold mineralization. Historical
exploration on the project has returned high-grade gold intercepts such as 4 m of 90.27 g/t Au and
1 Historical results extracted from McDowell, C. & Stacey, J.R., 2018 Geochemical and Diamond Drilling Report on the Forrest Kerr Property,
ARIS report no. 38384. A QP has not verified these results; they are provided for context only and should not be relied upon.
1.95 m of 91.6 g/t Au 2. The project spans one of the major long -lived structures within the Golden
Triangle and is yet to see modern high-level geological targeting, which is something our experienced
exploration team excels at. Efficient consolidation within the Golden Triangle has been our intention
since moving into the region in 2023 and this deal further highlights our accretive growth strategy. ”
Figure 1. HWY 37 Project and Forrest Kerr Project, Golden Triangle
Table 1. Forrest Kerr Project significant historical drill results
Target Area Hole From (m) To (m) Interval3 (m) Au g/t Ag g/t Cu %
RDN RG91-214 140.75 141.60 0.85 125.31 20.2 0.87
and 158.80 160.75 1.95 91.62 56.6 2.70
Boundary
FK17-055 33.0 39.0 6.00 21.51 28.5 3.05
FK17-065 14.0 16.0 2.0 14.20 25.1 3.26
FK18-101 61.0 74.0 13.0 3.94 4.0 0.62
and 84.0 85.0 1.0 87.30 84.4 0.45
2 Historical results extracted from Savell, M. & Grill, E. Diamond Drilling Report on the RDN, GOZ and DPR Claims, ARIS report no. 22003.
A QP has not verified these results; they are provided for context only and should not be relied upon.
3 True widths not known.
4 Historical results extracted from Savell, M. & Grill, E. Diamond Drilling Report on the RDN, GOZ and DPR Claims, ARIS report no. 22003.
A QP has not verified these results; they are provided for context only and should not be relied upon.
5 Historical results extracted from McDowell, C., 2017 Geochemical and Diamond Drilling Report on the Forrest Kerr Property, ARIS report
no. 36955. A QP has not verified these results; they are provided for context only and should not be relied upon.
Target Area Hole From (m) To (m) Interval3 (m) Au g/t Ag g/t Cu %
and 118.0 122.0 4.0 90.27 6.7 0.29
and 185.0 186.0 1.0 48.40 5.5 0.39
FK18-121 40.0 46.0 6.0 9.69 4.9 0.39
Forrest
90A-05Error!
Bookmark not
defined.
24.0 63.7 39.7 1.60 13.1 0.63
90A-136 8.0 57.0 49.0 1.70 9.2 0.24
6 Historical results extracted from Stammers, M.A. & Ikona, C.K. 1990 Assessment Report on the Geochemical, Geophysical, Prospecting,
Trenching and Diamond Drilling Program Forrest 1-15 Mineral Claims, ARIS report no. 20562. A QP has not verified these results; they are
provided for context only and should not be relied upon.
Figure 2. Forrest Kerr drill collars and significant intercepts
Forrest Kerr Project Overview
The Forrest Kerr Project straddles the north -trending Forrest Kerr shear zone with parallel trending
copper and gold anomalism . Exploration on the project since 1988 includes over 36,000 m of
diamond drilling in 167 holes, 16,311 soil samples, 1,781 rock samples and 259 stream sediment
samples7. The majority of these collected during the exploration programs during the years from
2016 to 2021. The Forrest Kerr trend includes numerous Texas Creek intrusions which are regionally
associated with porphyry and epithermal mineralization in Sulphurets (KSM, Treaty Creek,
Brucejack), Iskut, and Hank -Mary areas . Numerous high -grade showings on the project are also
associated with large copper -in-soil anomalies ( Figure 3). Copper and gold anomalism is broadly
coincident (Figure 4), a common relationship in porphyry regions.
7 The Forrest Kerr Project database includes historical information compiled from prior operators, consisting of 167 drill holes with 36,704
m of drilling , 16,311 soil, 259 silt samples, and 1,781 rock samples. The Company has verified a portion of this historical data through
review of original assessment reports and supporting documentation; however, not all historic information has been fully veri fied and
therefore should not be relied upon.
Figure 3. Forrest Kerr copper soils
Figure 4. Forrest Kerr gold soils
The RDN Target Area
The RDN Target Area includes high -grade polymetallic vein prospects (Table 1) cored by a bright
white-yellow core gossan body (Figure 5) interpreted to be a leached cap above a possible porphyry
system. The total extent of both the gossan and the geochemical anomalies on surface is at least 10
km northerly and ranges 1.5 to 3 km wide (Figure 2). The core gossan target area in Figure 5 is marked
by complete loss of original rock character, depressed copper -gold values compared to flanking
domains, white colour (iron loss), and recessive nature. These features together in the heart of the
alteration body can be indications of a leached cap, which is a common feature of porphyry copper-
gold systems. Only three shallow historical holes test the outer margin of the core gossan target area,
including hole RG90-11 with 18.19 g/t Au, 8.4 g/t Ag and 0.61% Cu over 0.40 m from 26.05 m and
11.57 g/t Au, 9.7 g/t Ag and 1.43% Cu from 51.00 m 8 downhole. The Company considers the core
gossan body as a high priority, large-scale porphyry target. The Company sees similarities between
the RDN and the Hank gossans and plans to apply key learnings, including spectral geology and IP
geophysical surveys to further refine this target.
8 Historical results compiled from Awmack, H.J., 2001. RDN: A Shallow Marine Volcanogenic Massive Sulphide Prospect. A QP has not
verified these results; they are provided for context only and should not be relied upon.