Kingfisher Drills Broad Intervals of Near Surface Intrusive Hosted Mineralization at Cloud Drifter
Kingfisher Drills Broad Intervals of Near Surface Intrusive Hosted
Mineralization at Cloud Drifter
VANCOUVER, British Columbia, August 17, 2022 – Kingfisher Metals Corp. (TSX -V: KFR) (FSE: 970)
(OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce updates on diamond 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
• 11 diamond drill holes ( 2427 m) have been completed at the Cloud Drifter Zone so far this
season.
• Intervals of vein, breccia, and disseminated sulfide mineralization intercepted in all drill
holes over ~850 m east-west extent.
• Drilling at the East ern Target Area intersected up to ~35 m of strongly altered and
mineralized quartz diorite below an outcrop that grades up to 9.7 g/t Au.
• Drilling at the Pad 400 Target Area intersected multiple areas of strongly altered quartz
diorite with breccia and vein hosted mineralization.
• At the Western Target Area, drilling intercepted structurally controlled quartz-sulfide veins,
breccias, and disseminated sulfide mineralization beneath the highest multi -element soil
geochemical anomaly in the Cloud Drifter Zone.
Dustin Perry, CEO states “Drilling at the Cloud Drifter Zone is off to a great start with zones of mineralization
in all drill holes to date which significantly expands the footprint of the mineralized system. We continue to
see a wide variety of mineralization styles across a broad area proving the robust nature of this gold system.
The drill will be moving back to the East ern Target Area shortly where we will begin drilling step out holes
from the promising mineralization in GR22-022. We anticipate that our upcoming diamond drill assays will
guide follow-up drilling of these target areas.”
The Goldrange Project covers a significant deformation zone with numerous precious metal veins across
the project. Mineralization at Goldrange occurs within the orogenic Yalakom Gold Belt, which is host to the
Bridge River District that includes the past producing Bralorne Mine. Several areas of historical hand mining
are located within the project and date back to the 1930s.
Diamond Drilling Update
Diamond drilling at the Cloud Drifter Zone has been completed over 11 holes totalling 2427 m (Table 1).
Figure 1 outlines the drilling progress to date. Drilling has been completed over three areas referred to as
the Eastern, Western, and Pad 400 Target Areas. GR22-015 to GR22-20 were completed at the Pad 400
Target, GR22-21 and GR22 -22 were completed at the Eastern Target, and GR22 -23 to GR22 -25 have
been completed at the Western Target. Drilling is ongoing at the Western Target and once completed it
will move to the Eastern Target for additional follow -up drilling. Summaries of visual drill results at each
target area are described below.
Hole Easting (m) Northing (m) Elevation (m) Depth (m) Azimuth Dip
GR22-015 388582 5705826 1503 201 310 80
GR22-016 388582 5705826 1503 148 327 76
GR22-017 388616 5705883 1469 227 247 46
GR22-018 388616 5705883 1469 226 235 45
GR22-019 388469 5705848 1476 203 139 70
GR22-020 388469 5705848 1476 203 151 64
GR22-021 388953 5705970 1450 200 131 55
GR22-022 388945 5705922 1478 145 322 56
GR22-023 388185 5705655 1572 252 353 55
GR22-024 388257 5705646 1583 285 333 53
GR22-025 388257 5705646 1583 348 333 75
Table 1: Diamond Drill Collars (NAD 83 - Zone 10)
Figure 1: Diamond Drill Hole Locations within the Cloud Drifter Zone
Eastern Target Area
The first two drill holes (GR22-021 and GR22-022) in the Eastern Target Area confirmed the presence and
continuity of a disseminated sulfide and stockwork style of veins not yet identified in drilling. Mineralization
styles in drilling includes disseminated, breccia, and vein -hosted chalcopyrite, pyrite, and arsenopyrite.
Stockwork and disseminated mineralization styles in surface rocks in this area grade up to 9.7 g/t Au and
coincide with strong multi-element (Au, Ag, As, Cu, Bi, Te, Sb, Zn, Mo, W) anomalism in soil geochemistry.
At the Eastern Target Area, mapping and rock sampling of limited rock exposures in forest cover indicate
the presence of both a high sulfide and a high vein density domain with a homogeneous mineralization
style. Based on the homogeneous textures and consistent vein densities, there is potential for continuity of
grade laterally between outcrops and vertically at depth.
GR22-021 collared downslope of an outcrop that grades up to 6.8 g/t Au and drilled to the south east.
Drilling encountered mineralized quartz diorite from surface to 21 m and another interval of stronger quartz
diorite hosted mineralization from 51 m to 65 m (Figure 2). The Company believes that the drill hole did
not intersect the full thickness of this body and future drilling will test the full thickness body by drilling north
from upslope. Further drilling will aim to outline the orientation of the intrusion that is host to mineralization.
Figure 2: GR22-021 Quartz-Diorite Hosted Mineralized Interval
High resolution image available here: Figure 2
GR22-022 collared upslope of an outcrop that grades up to 9.7 g/t Au and is located ~60 m west of the
outcrop that GR22-021 targeted. Intervals of dense veins in quartz diorite were intercepted from 26.0 m to
65.8 m (Figure 3), 88 m to 95 m, and 112 m to 120 m.
Figure 3: GR22-022 Quartz-Diorite Hosted Mineralized Interval (PY = Pyrite, AP = Arsenopyrite, CP = Chalcopyrite)
High resolution image available here: Figure 3
Pad 400 Target Area
Diamond drilling at the Pad 400 Target Area follows up on vein and breccia hosted mineralization from the
2021 drill program. Highlights from this area in 2021 include 73.4 g/t Au over 1 m from pyrite-ankerite veins
and 6.88 g/t Au over 9 m from sulfide cement breccia. This year’s drilling is testing the lateral and down-
dip continuity of high-grade gold along an easterly structural trend that dips moderately south . Drill holes
into this trend confirmed the location and presence of high -density quartz -sulfide veins parallel to the
modelled structures. This important easterly structural trend in the lower Cloud Drifter Zone correlates with
multiple high -grade Au intercepts in 2021 drill holes. The structural expression is more than 25 m true
thickness, which also coincides with a coincident chargeability-conductivity geophysical anomaly.
Drilling in this area returned broad intercepts of altered and dense veins in quartz diorite in all drill holes
(GR22-015 to GR22-020) including GR22-018 which intercepted altered and mineralized quartz diorite from
61.80 m to 174.20 m (Figure 4) . An additional drill pad is built in the Pad 400 Target Area and drill holes
will be oriented in a westerly direction from that pad.
Figure 4: GR22-018 Quartz-Diorite Hosted Mineralized Interval (PY = Pyrite, AP = Arsenopyrite, CP = Chalcopyrite)
High resolution image available here: Figure 4
Western Target Area
Initial holes at the Western Target Area intercepted structurally controlled quartz -sulfide veins, breccias,
and disseminated sulfide mineralization beneath the highest multi-element soil geochemical anomaly (Au,
Ag, Cu, Zn, Pb, Sb, Bi, Te, W) in the Cloud Drifter Zone . The source of a coincident conductivity and
chargeability anomaly was determined to be due to the presence of hydrothermal sulfide mineralization.
Structural and geochemical exploration trends were intercepted at anticipated depths with drilling and are
coincident with elevated sulfide mineralization.
Altered quartz diorite was identified in GR22-023 to GR22-025 and is similar in appearance to the Pad 400
Target Area as well as at the Eastern Target Area. This gives the intrusive hosted target over 800 m of
strike length, open in multiple directions. Additional styles of mineralization are illustrated in Figure 5. A
feldspar porphyry containing disseminated molybdenite and chalcopyrite was intercepted in GR22-023 and
points towards a potential higher temperature heat source for the mineralizing system.
Figure 5: Western Target Area Mineralization Styles (MO = Molybdenite, PY = Pyrite, AP = Arsenopyrite, PO = Pyrrhotite)
High resolution image available here: Figure 5
Future Steps
Diamond drilling is underway at the Western Target Area gossan pad where it is drilling northeast
underneath the large gossan and geochemical anomaly after which it will test to the northwest under the
Argo showing.
Once completed, the drill will move to the Eastern Target Area where it will continue to test the promising
intrusive hosted mineralization intersected in GR22 -021 and GR22-022. Future drilling will be completed
from the same pad as GR22-022 and then step out drilling will occur to the east and west.