Kingfisher Intersects 18.69 G/T Gold over 2 m from 14 m depth at the Cloud Drifter Trend
Kingfisher Intersects 18.69 G/T Gold over 2 m from 14 m depth at the
Cloud Drifter Trend
VANCOUVER, British Columbia, March 2, 202 2 – Kingfisher Metals Corp. (TSX -V: KFR) (FSE: 970)
(OTCQB: KGFMF) (“Kingfisher” or the “Company”) announces assay results from the remaining seven drill
holes from its initial 14 -hole (4925.3 m) drill program on the Goldrange Project. Goldrange is located
approximately 25 km south of the town of Tatla Lake in the Chilcotin region of Southwest British Columbia.
Highlights
• Shallow drilling intercepted a high-grade vein and breccia returning 2 m of 18.69 g/t Au, 35.0 g/t Ag,
and 0.47% Cu including 1 m of 30.2 g/t Au, 45.7 g/t Ag, and 0.29 % Cu (Table 1).
• Initial drilling at the Cloud Drifter Trend has outlined a large open-ended mineralizing system
highlighted by multiple high-grade structures within a broad halo of anomalous gold mineralization.
• To date, less than 10% of the ~3 x 2 km Cloud Drifter Trend has been drill tested with mineralization
encountered over 550 m of vertical extent.
• Drilling in 2022 will follow up on high-grade structures discovered in 2021 as well as numerous other
targets across and beyond the Cloud Drifter Trend including the Standard, Langara, and Day Trip
Zones.
The inaugural 2021 drill program targeted a small part (350 m x 600 m) of the western end of the gold -in-
soil geochemical anomaly that defines the ~3 by 2 km Cloud Drifter Trend (Figure 1), in an area of extensive
forest cover and limited outcrop. Significant intercepts from 7 drill holes are highlighted in Table 1 and
Figure 2, more detailed drill hole summaries are given below . Previous assay results from the 2021 drill
program can be found in releases dated November 16, 2021 and February 1, 2022. The results presented
in this news release are discussed by Kingfisher’s CEO Dustin Perry and VP Exploration Gayle Febbo in a
summary video.
Dustin Perry, CEO of Kingfisher states “The inaugural grassroots drill program at the Cloud Drifter Trend
has successfully identified a significant gold system with broadly anomalous gold min eralization
surrounding multiple high-grade structures. Drilling in 2021 tested less than 10% of the Cloud Drifter Trend
and was focused in an area of extensive forest cover. Hitting blind mineralization over a vertical extent of
550 m bodes very well for expanded drilling across the trend in 2022. This year’s program will follow up on
the high-grade structures intercepted in 2021 as well as testing many other exciting targets throughout the
highly prospective Cloud Drifter, Standard, Langara, and Day Trip Zones.
*True widths are not known at this time. All widths reported are drilled widths. Values less than 10 g/t Ag and < 0.1% Cu not reported within the highlight table.
Table 1: Highlight drill intercepts from oriented core diamond drilling at the Goldrange project
Hole From (m) To (m) Interval (m) Au g/t Ag g/t Cu %
GR21-004 54 70 16 0.60 - -
incl. 63 64 1 2.68 - -
and 80 91 11 0.44 - -
and 155 165 10 0.33 - -
GR21-005 99 102 3 0.68 - -
and 158 158.8 0.8 1.00 - -
and 164 176 12 0.30 - -
incl 174 175 1 1.89 - -
GR21-006 108 110 2 2.03 - -
and 120 123 3 0.34 - -
and 165 170 5 0.31 - -
GR21-008 175 179 4 0.80 - -
and 189.9 202 12.1 0.38 - -
incl. 201 202 1 2.19 - 0.17
and 212 219 7 0.39 - -
and 291 293 2 2.52 - -
incl. 291 292 1 4.76 - -
and 348 353 5 0.36 - -
GR21-009 41 42 1 1.47 - -
and 173 183 10 1.22 - -
incl. 175 179 4 2.62 - 0.19
GR21-010 10 16 6 6.78 13.2 0.20
incl. 14 16 2 18.69 35.0 0.47
incl. 15 16 1 30.20 45.7 0.29
and 31 36 5 0.28 - -
and 195 199 4 0.42 - -
and 380 381 1 1.63 - -
GR21-011 42 52 10 0.34 - 0.10
and 154 159 5 0.44 - -
Figure 1: Cloud Drifter Trend Geochemical Anomaly with Select Drill Intercepts
Geology and Mineralization of the Cloud Drifter Trend
The Cloud Drifter Trend (Figure 1) is a ~3 by 2 km zone of highly anomalous Au -Ag-Sb-Cu-As-Bi-Te
geochemistry that is coincident with quartz-sulfide and sulfosalt veins, sulfide-cement breccias, and quartz-
sulfide replacement zones. In 2020, Kingfishers’ work along the Trend included prospecting that yielded
312 rock geochemical samples yielding an average grade of 6.26 g/t Au and soil sampling which produced
an extensive soil geochemical anomaly with 50 samples over 1 g/t Au.
Mineralization within the Trend and throughout the 487 km2 Goldrange Project is closely associated with
and largely hosted by a complex of Late Cretaceous quartz diorite and diorite intrusions emplaced into
Triassic to Cretaceous sedimentary and volcanic rocks.
Figure 2: Cloud Drifter Zone – 2021 Drilling
Descriptions of Drill Holes
Drill holes in this release (Figures 3-7) targeted a gold in soil geochemical anomaly in an area with limited
surface outcrop exposure and sampling. All holes collared uphill of the upper contact of the diorite intrusion
and a gold in soil geochemical anomaly. A 15 -200 m thick interval of diorite is intersected in all holes with
sedimentary siltstone and sandstone in th e footwall and hanging wall. Holes GR21 -008 and -010
intersected >100 m interval of quartz diorite at depth. Vein and breccia of quartz -carbonate-arsenopyrite-
pyrite ± chalcopyrite ± sphalerite are developed in both sedimentary and intrusive rocks , flanke d by
pervasive quartz-carbonate-sericite alteration.
Further geological descriptions of drill core and drill collar locations can be found in news releases dated
September 2, 2021 and October 6, 2021.
Figure 3: Cross-section of GR21-010 and GR21-007 within 20 m envelop, view north-northeast
Figure 4: Cross-section of GR21-011, GR21-003 and GR21-007 within 20 m envelope, view north-northeast
Figure 5: Cross-section of GR21-005 and GR21-006, view east
Figure 6: Cross-section of GR21-004 and GR21-003 within 20 m envelope, view northeast
Figure 7: Cross-section of GR21-008 and GR21-009, view northeast
Future Work
The Company is currently analysing drill hole data in 3D and determining drill targets for the upcoming 2022
drill campaign. Planning for the upcoming drill program has begun and a diamond drill rig and RAB drill rig
have been contracted. It is anticipated that drilling will begin by mid May 2022.
QAQC and Core Sampling Protocols
All drillholes at the Goldrange property were NQ sized (47.6 mm diameter). A continuous series of one -
metre-long half-split core samples was taken down the entire length of each drill hole. Sample lengths were
reduced to a minimum of half a meter to avoid crossing lithologic contacts or other features deemed
important by Kingfisher geologists.
Unlabelled certified reference materials (CRM) were inserted systematically throughout the sample
sequence along with blanks and duplicate samples. The total number of blanks, duplicates and CRM
samples equals approximately 5% of the total samples taken.
Core samples were shipped to Acme Labs, a division of Bureau Veritas, located in Vancouver, British
Columbia, for preparation and analysis. Bureau Veritas is an ISO 9000 accredited analytical laboratory and
is independent of Kingfisher Metals an its Qualified Person. Samples were prepped using the PRP7 -250,
PUL85 and SPTPL packages and analysed for 45 major and trace elements using ICP -ES/MS (method
code MA200). A 30 g split from each sample was analyzed for Au using a lead collection fire assay fusion
that was digested and analyzed using AAS (method code FA430). A 30g split from samples that assayed
>10 ppm Au and/or >200 ppm Ag was analyzed using a lead collection fire assay fusion with a gravimetric
finish (method code FA530).
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 Com pany, 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 inhere nt 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, regul ations 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;