Kingfisher Closes Acquisition of the LGM Project in the Golden Triangle, British Columbia
Kingfisher Closes Acquisition of the LGM Project in the Golden Triangle,
British Columbia
VANCOUVER, British Columbia, July 10, 2024 – Kingfisher Metals Corp. (TSX -V: KFR) (FSE: 970)
(OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that it has closed the acquisition
of the LGM Project from Origen Resources Inc. (“Origen”), which was previously announced on June 6,
2024. Under the terms of the definitive agreement, the Company issued 3,000,000 common shares in the
capital of Kingfisher to Origen and paid C$75,000 in cash to Origen in exchange for the transfer of the LGM
Project claims on closing.
The 26,771 Ha LGM Project is located immediately south and contiguous with Kingfisher’s HWY 37 Project,
in Northwest British Columbia within the Golden Triangle. In addition, the LGM Property is subject to
underlying royalty agreements over different parts of the project that range from 1 to 2% with Triple Flag
Precious Metals (1%), Ryan Kalt (2%), and Carl von Einsiedel (2%).
LGM Project Highlights
• Expansion of contiguous holdings in the Golden Triangle from 362 km 2 to 630 km2 including KSM-
type targets in west, alkalic Galore Creek-type targets in central region (Grizzly and Lucifer) and
unexplored Eskay Creek-type stratigraphy to the east.
• Grizzly Target trench sampling from 2006 returned 0.74% Cu and 1.09 g/t Au over 38 m.
• The LGM Project represents one of only three silica-undersaturated magmatic-volcanic complexes
in the Golden Triangle with discovery potential for Galore Creek -type porphyry systems and has
only seen 3,988 m of drilling.
• Historical stream sampling at Lucifer outlined a 4 km -long trend of highly anomalous stream
sediment samples grading up to 7.8 g/t Au – similar in strength and scale to the Hank epithermal
deposit signature at HWY 37.
• LGM Project is fully permitted for diamond drilling.
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, including the Golden Triangle region.
Kingfisher has two 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project,
that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 43,219,553
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 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, o r 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.
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.