Kingfisher Confirms Drill Target at Day Trip Zone, Goldrange Project
Kingfisher Confirms Drill Target at Day Trip Zone, Goldrange Project
VANCOUVER, British Columbia, January 12, 2022 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970)
(OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce results from the 2021 Induced
Polarization (IP) geophysical survey and geochemical sampling program at the Day Trip Zone within the
Goldrange Project. The Day Trip Zone is located approximately 5 km southeast of the Cloud Drifter
Trend and was discovered by Kingfisher in 2020. Kingfisher’s 100% owned Goldrange project is located
approximately 25 km south of the town of Tatla Lake in the Chilcotin region of Southwest British
Columbia.
Highlights
• Discovery of a very high, at surface IP chargeability and conductivity anomaly that underlies highly
Au anomalous geochemistry and veins on surface.
• Geochemical sampling in 2021 expanded upon the 2020 talus fines survey increasing the footprint of
anomalous (>100 ppb) Au in talus from ~50 m x 100 m to ~100 m x 450 m.
• The Day Trip target is fully permitted and ready for track mounted RAB drilling in May 2022.
Dustin Perry, CEO of Kingfisher commented, “I am very excited to see how our mapping, geochemical
sampling, and now IP geophysical survey have all validated this attractive target. These results confirm
an excellent drill prospect on a brand-new area that we discovered in 2020 through our prospecting
program.”
Target Overview
The Day Trip Zone covers a rounded to flat mountain top approximately 5 km southeast of the Cloud
Drifter Trend (Figure 1). The target is situated between two interpreted fault splays of the regional
Ottarasko Fault. High-density 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. 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. Talus fine sampling in 2020 outlined a broad area of gold anomalism coincident with areas of gold in
outcrop and subcrop that graded up to 8.4 g/t Au over the subcrop breccia area. Rock and talus fine
geochemistry both yield a strong multi-element signature of As, Ag, Cu, Bi, Te, and Pb associated with
Au.
Figure 1: Day Trip Zone Drone Image
2021 Exploration Program
The 2021 exploration program at the Day Trip Zone consisted of 4.2-line km of Induced Polarization (IP)
geophysical surveying in addition to 189 talus fine samples (Figures 2 and 3). The program was
designed to follow up on an area of arsenopyrite cement breccia subcrop adjacent to an area of intrusive-
hosted quartz veins.
Talus fine sampling in 2021 covered an area of ~400 m x 450 m. The 2021 talus fine sampling expanded
the anomaly (>100 ppb Au) to cover an area measuring ~100 m x 450 m with talus fines collected in 2021
grading up to 1.0 g/t Au.
Figure 2: Day Trip Zone Geochemistry
The IP geophysical surveying (IP Survey Inversions) 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. The anomaly
on survey line 3600 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.
Figure 3: Day Trip Zone IP Geophysics
2022 Proposed Exploration Program
Track-mounted rotary air blast (RAB) drilling is planned to begin in May 2022. Given the low snowpack in
the area of interest, drilling can commence at the Day Trip Zone prior to the Cloud Drifter Trend. Drilling
will focus on testing areas of coincident geophysical and geochemical anomalism within the area of
sedimentary-hosted arsenopyrite-cement breccia as well as the intrusive-hosted vein domain. Track-
mounted RAB drilling will allow for efficient and low-cost initial testing of this at-surface target.
Additional Claim Staking
An additional seven (7) claims (Figure 4) comprising 12,077 Ha have been staked at the Goldrange
Project. The majority of claims staked were focused along the northern, road accessible region of the
project. Several drainages in the northern claims contain stream sediment anomalies for orogenic
pathfinders including As, Sb, Bi, and Te identified in the British Columbia Regional Geochemical Survey
(BC RGS).
Figure 4: Goldrange Project Tenure Additions
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. Kingfisher has three 100% owned district-
scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company
currently has 84,673,300 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 forward-looking statements, which relate
to future events or future performance and reflect management’s current expectations and assumptions.
Such forward-looking statements reflect management’s current beliefs and are based on assumptions
made by and information currently available to the Company. All statements, other than statements of
historical fact, are forward-looking statements or information. Forward-looking statements or information
in this news release relate to, among other things: formulation of plans for drill testing; and the success
related to any future exploration or development programs.
These forward-looking statements and information reflect the Company’s current views with respect to
future events and are necessarily based upon a number of assumptions that, while considered
reasonable by the Company, are inherently subject to significant operational, business, economic and
regulatory uncertainties and contingencies. These assumptions include; success of the Company's
projects; prices for gold remaining as estimated; currency exchange rates remain ing as estimated;
availability of funds for the Company's projects; capital, decommissioning and reclamation estimates;
prices for energy inputs, labour, materials, supplies and services (including transportation); no labour -
related disruptions; no unplanned delays or interruptions in scheduled construction and production; all
necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to
comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information involve known and
unknown risks, uncertainties and other factors that may cause actual results and developments to differ
materially from those expressed or implied by such forward-looking statements or information contained
in this news release and the Company has made assumptions and estimates based on or related to many
of these factors. Such factors include, without limitation: risks related to the COVID-19 pandemic;
fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services
(including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S.
dollar); operational risks and hazards inherent with the business of mineral exploration; inadequate
insurance, or inability to obtain insurance, to cover these risks and hazards; our ability to obtain all
necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations
and government practices, including environmental, export and import laws and regulations; legal
restrictions relating to mineral exploration; increased competition in the mining industry for equipment and
qualified personnel; the availability of additional capital; title matters and the additional risks identified in
our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com).
Although the Company has attempted to identify important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be as anticipated, estimated, described, or
intended. Investors are cautioned against undue reliance on forward-looking statements or information.
These forward-looking statements are made as of the date hereof and, except as required under
applicable securities legislation, the Company does not assume any obligation to update or revise them to
reflect new events or circumstances.