Kingfisher Commences RAB Drilling Program at Goldrange Project
Kingfisher Commences RAB Drilling Program at Goldrange Project
VANCOUVER, British Columbia, May 30, 202 2 – Kingfisher Metals Corp. (TSX -V: KFR) (FSE: 970)
(OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce the commencement of rotary
air blast (RAB) drilling at the 100% owned 511 km2 Goldrange Project. Goldrange is located approximately
25 km south of the town of Tatla Lake in the Chilcotin region of Southwest British Columbia.
Highlights
• The Company plans for a 35-day rotary air blast (RAB) drill program to test the Day Trip, Langara,
and Standard zones. Production with the RAB drill averages one hole per day with a depth
capability of up to 100 m.
• Proposed RAB holes at the Day Trip Zone will test several targets where highly anomalous
geochemistry (up to 20.1 g/t Au in subcrop and up to 8.3 g/t Au in ta lus fines) coincides with very
high IP chargeability (up to 97 mV/V) and conductivity.
• At the Langara Zone, planned holes will target below a historical adit and sheeted quartz-sulfide
veins mapped on surface. R ock samples at Langara grade up to 60.4 g/t Au, 1500.1 g/t Ag, and
6.8 % Cu.
• Results from backpack drilling in 2020 at t he Standard Zone of 10.84 g/t Au over 6.9 m will be
followed-up with RAB, which will also target the Standard adit downslope.
Dustin Perry, CEO states “We are excited to be back at Goldrange for an expanded 2022 discovery-focused
drill program. Initial RAB drilling will test high quality, shallow targets at the Day Trip, Langara, and Standard
Zones, which have been substantially de-risked through structural mapping, IP geophysics and backpack
drilling. The RAB drill provides us with a low-cost drill option for near-surface targets as an initial pass prior
to diamond drilling.”
Figure 1. Proposed RAB and Diamond Drilling
About Goldrange
The 511 km2 Goldrange Project spans over 43 km along a complex structural zone within the Yalakom Gold
Belt in southwest British Columbia. Goldrange was acquired to cover a broad area of widespread
anomalous gold mineraliz ation in streams, soils, and rocks. In 2021 , Kingfisher completed the first-ever
diamond drill program on the property which focused on approximately 10% of the Cloud Drifter Trend –
the most advanced target on the property that includes the Cloud Drifter, Langara, Standard, Essential, and
Waterfall Zones. Initial results returned highlights of 73.4 g/t Au over 1 m, 6.9 g/t Au over 9 m and 18.7 g/t
Au over 2 m. Widespread anomalous gold mineralization was intercepted throu ghout the area of drilling
which spanned ~600 m by ~350 m and tested over 550 m of vertical extent.
The RAB drilling program in 2022 is focusing on shallow targets at the Day Trip, Langara, and Standard
zones shown on Figure 1 and each zone is explained in more detail below. The diamond drilling program
in 2022 will focus on the lower elevation areas of the Cloud Drifter Zone and is scheduled to begin in mid-
June. Details on diamond drill targets will be announced in future releases.
Figure 2. Day Trip Zone and Proposed RAB Drilling
Day Trip Zone
The Day Trip Zone covers a rounded to flat mountain top approximately 5 km southeast of the Cloud Drifter
Trend (Figure 2). The target covers a minimum 900 x 500 m area of geophysical and geochemical
anomalism that projects under talus cover on all sides The target is situated between two fault splays rooted
in the regional Ottarasko Fault. Intrusive-hosted veins up to 2 m in width occur over an area ~100 m by
400 m. Quartz veins from this area returned grades from below detection limit to 6.7 g/t Au over 2 m .
Adjacent to the intrusion is a ~70 m x 90 m area of arsenopyrite-cement breccia in subcrop. Approximately
20% of the subcrop material in this area consists of arsenopyrite -cement breccia and grades from 3.4 to
20.1 g/t Au (see release dated May 13, 2021). Talus fine sampling in 2020 and 2021 outlined a broad area
of gold anomalism (>100 ppb Au) over ~1 00 m x 450 m and grades up to 8.4 g/t Au over the subcrop
breccia area. Talus fine anomalies are coincident with areas of gold in outcrop and subcrop that graded
up to 20.1 g/t Au. Rock and talus fine geochemistry both yield a strong multi-element signature of elevated
As, Ag, Cu, Bi, Te, and Pb associated with Au.
IP surveying was completed in 2021 and consisted of 5 lines spanning 4.2 km (see release dated January
12, 2022). The survey delineated three domains with significant high chargeability values (>32 mV/V), the
largest of which is broadly coincident with areas of known mineralization and talus fine anomalies. The
strongest chargeability values (>60 mV/V) within the survey area are coincident with high conductivity
responses on survey lines 3500, 3600, and 3700. Anomaly 3600E (Figure 5) coincides with a 90 x 70 m
subcrop of sulfide-cement breccia. The geophysical anomalies are open to the south, north, and southwest
as well as at depth. No rock or soil samples have been collected in the western chargeable zones to date.
Proposed RAB drill holes at Day Trip will target multiple at-surface and near-surface coincident geophysical
and geochemical anomalies. The proposed holes will drill below mapped mineralization hosted in sheeted
veins on surface (see Figure 4) as well as below a sulfide-cement body mapped in subcrop (see Figure 5).
The chargeability targets each demonstrate an excellent correlation with known structural features
projected to depth, such as faults, intrusive contacts or projection of breccia body. One chargeability
anomaly (3600E, Figure 5) does not continue to surface despite a spatial association with surface
mineralization. This low chargeability area is interpreted to reflect a loss of sulphide near surface due to
oxidation, which is also identified in rocks on the surface (e.g., Figure 3).
Figure 3: Oxidized Sulfide-Cement Breccia Grading 20.1 g/t Au
Figure 4: Day Trip Section 3700
Figure 5: Day Trip Section 3600
Langara Zone
The Langara Zone (Figure 6) is located at the eastern extent of Cloud Drifter Trend, a ~3 x 2 km gold
anomaly. The Langara target is centered on a diorite intrusion that is part of the Bendor suite, emplaced
into fossil-rich sandstone of the Cloud Drifter Formation. Quartz -sulfide veins are focused along northerly
lithological contacts and easterly dextral -reverse faults. Hydrothermal breccia bodies lie in structural
intersection domains and were the focus of hand mining activities in the 1930s. Previous assay results from
2020 work at Langara can be found in the release dated April 14, 2021.
Figure 6. Langara Zone Proposed RAB Drilling
RAB drill targets at Langara were sel ected from detailed surface structural mapping coupled with surface
geochemical results. An IP geophysical survey was not employed at Langara due to the presence of
chargeable geology in the background rocks. The principal target at Langara is below the historical adit,
which is located in a major structural interference zone (Figure 6) between a northerly vein swarm and an
easterly brittle fault and shear vein corridor. The planned RAB holes will target both the northerly sheeted
veins (Figure 7) and easterly shear veins and the Langara adit breccia -style mineralization, projected to
plunge steeply to the south (Figure 8).
Figure 7: Langara Section 1
Figure 8: Langara Section 2
Standard Zone
The Standard Zone is the site of a historical adit (1930s) and is located on a steep cliff band to the south of
the Cloud Drifter Zone (Figure 9). Mineralization occurs along a north-trending fold corridor that projects
under cover to the north. Mineralization is focused within gentle to moderately dipping veins as well as
sulfide-cement breccia within the fold hinge. The planned RAB hole will target the projection of the ore
shoot mined in the 1930s and a backpack hole drilled in 2020, which included 10.84 g/t Au over 6.9 m in
breccia (see core photo Figure 10 and release dated April 21, 2021 ). Drill and surface sampling results