Kingfisher Intersects 6.88 g/t Au, 13.60 g/t Ag, and 0.28% Cu over 9 m in first-ever drill program, Cloud Drifter Trend, Goldrange Project
Kingfisher Intersects 6.88 g/t Au, 13.60 g/t Ag, and 0.28% Cu over 9 m in
first-ever drill program, Cloud Drifter Trend, Goldrange Project
VANCOUVER, British Columbia, November 16, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970)
(OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce results from the first four holes
assayed from its 14-hole 4925.3 m 2021 program. Assay results for 10 remaining drill holes are pending.
Goldrange is located approximately 25 km south of the town of Tatla Lake in the Chilcotin region of
Southwest British Columbia.
Highlights
• Discovery of a high-grade sulfide-cement hydrothermal breccia with 6.88 g/t Au, 13.6 g/t Ag and 0.28%
Cu over 9 m, in GR21-007 (Table 1)
• Vein-style mineralization yielding 14.80 g/t Au over 1 m within 2.16 g/t Au over 8 m, also in GR21-007;
and 5.30 g/t Au over 1 m in GR21-002
• Drilling to date has also revealed broad zones of near-surface mineralization over significant widths,
such as 0.90 g/t Au over 12 m, 0.41 g/t Au over 16 m, 0.38 g/t Au over 9 m, and 0.38 g/t Au over 10 m in
GR21-003; and 0.32 g/t Au over 7 m and 0.32 g/t over 8 m in GR21-007
• The initial results of drilling confirm the presence of a gold system with significant intersects in all
holes other than GR21-001, which failed to reach target depth due to difficult drilling conditions in this
shallow, slope-parallel hole; poor recoveries may have plagued the shallower parts of all drill holes in
this release
The 2021 drill program targeted a small part (350 m) of t he 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 the drill holes are highlighted in Table 1 and Figure 2, more
detailed drill hole summaries are given below, and the results presented in this news release are discussed
by Kingfisher CEO Dustin Perry and Exploration Vice President Gayle Febbo in a video as well as during a
webinar at 11am EST.
Hole From (m) To (m) Interval (m) Au g/t Ag g/t Cu %
GR21-001 - - - no significant values
GR21-002 26 27 1 5.30 - -
GR21-003 35 44 9 0.38 - -
and 56 68 12 0.90 - -
and 78 94 16 0.41 - -
and 179 189 10 0.38 - -
GR21-007 35 43 8 2.16 - -
Incl. 41 42 1 14.80 - -
*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
Figure 1: Cloud Drifter Trend
Dustin Perry, CEO of Kingfisher states “I am thrilled that we were able to intersect high-grade mineralization
on the initial drill holes of the first ever diamond drill program at the Goldrange Project. This initial drill
program at Goldrange covered less than 10% of the Cloud Drifter Trend yet it is yielding some impressive
intersections so far. We believe we are in the early stages of the discovery of a significant high-grade gold
camp and we look forward to receiving our remaining results from both the Cloud Drifter drilling and from
our property -wide exploration (soil and rock geochemical sampling, geological mapping, and IP
geophysics). P lanning for an expanded 2022 drill and field program throughout the Trend has already
begun.”
Charlie Greig, Technical Advisor to Kingfisher, stated “The results from the first Cloud Drifter holes are
exciting. To get broad ore grade intercepts in the initial holes bodes very well for the exploration potential
of the Trend. The polyphase nature of the mineralization and its association with elevated bismuth, tellurium
and antimony, elements which may be valuable in their own right and which are very commonly associated
with high-grade gold deposits worldwide is significant. It is very early days for the Goldrange Project and
its numerous mineral occurrences , which are just now beginning to be tested with modern exploration
methods.”
and 136 143 7 0.32 - -
and 418 427 9 6.88 13.6 0.28
and 451 459 8 0.32 - -
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 367 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
Drill Hole Descriptions
Drill Hole GR21-007:
GR21-007 was drilled uphill of a soil geochemical anomaly near the projected trend of the plutonic contact.
Assay results for this hole were prioritized in the interests of drill hole targeting once it was recognized that
the lower quartz diorite was mineralized. However, given the delays common to all analytical laboratories
this season, the original drill plan remained unchanged.
The excellent intercept in this hole (6.88 g/t Au, 13.60 g/t Ag, and 0.28% Cu over 9 m between 418 m and
427 m) repr esents a previously unrecognized style of mineralization in the region, a high-grade breccia
body hosted by quartz diorite (Figures 3 and 4). Gold is associated with sooty dark-coloured sulfides within
the matrix to the breccia (Figure 2) . Given the Au grades and elevated Sb (0.10%), Bi (181.89 ppm), Cu
(0.28%), As (0.33%) and Te (1.45 ppm), the sooty minerals likely include Au-bearing sulfosalts (tetrahedrite-
tennantite?), or tellurides. In addition, a shallow zone of high-grade vein-style mineralization returned 14.80
g/t Au over 1 m within 8 m of 2.16 g/t Au close to surface (35-43 m) (Table 1, Figure 4).
Figure 3: Drill core photos and gold grades over 1 m sample widths from the breccia body intersected in GR21-007
Figure 4: Cross-section of GR21-007, view east
Holes GR21-001 and -002:
The initial drill setup for the 2021 program (Figure 5) targeted mineralization at surface that occurs within
the hanging wall of a thrust fault that is part of the Late Cretaceous Waddington thrust belt developed along
the eastern margin of the Coast Belt. High density veins on surface measure 2-20 cm wide and are highly
fractured and disproportionately oxidized relative to the host rocks. Recovery within the deformation zone
was poor, with recoveries from the uppermost parts of GR21-001 and GR21-002 being 59% from 0-45 m
and 55% from 0 -44 m, respectively. V ein material similar to that sampled at surface was not recovered,
although the drill holes locally returned anomalous grades (e.g., 5.30 g/t Au over 1 m in GR21-002). Visual
logging of drill core shows strong oxidation in recessive, low recovery zones in what are interpreted to be
arsenopyrite-rich veins, and t he Company believes that a significant amount of oxidized sulfide-rich vein
material was washed away . Drill hole GR21-001 failed to reach target depth due to difficult drilling
conditions in the highly fractured near-surface, slope-parallel host rocks. GR21-002 intercepted anomalous
gold near the contacts of both the upper and lower diorite intrusions (Figure 6). Based on the low
recoveries, the Company interprets that this part of the Cloud Drifter Trend has not been adequately drill
tested. Future drill testing of this zone may benefit from employment of a reverse circulation (RC) drilling
rig, from which better recoveries from of oxidized material may be achieved.
Figure 5: Cross-section of GR21-001 and GR21-002, view east
Holes GR21-003 and -004:
The setup for these holes (Figure 7) was collared upslope of a soil geochemical anomaly coincident with
trenches yielding high-grade results from numerous quartz-sulfide veins that range in thickness between 2
and 30 cm (Figure 6). The veins are most abundant near the contacts of what is known as the upper diorite,
but mineralized veins occur both within the diorite and in association with both upper and lower contacts.
As a consequence, at surface the Cloud Drifter mineralized zone occurs over a relativel y broad (~100 m)
interval and area (Figures 2 and 5). Vein styles in drill core include both open space textures in dilation
veins and laminated textures in shear veins.
Further geological descriptions of drill core and drill collar locations can be found in news releases dated
September 2 and October 6, 2021.
Figure 6: Drill core photo of quartz-sulfide vein from hole GR21-003
Figure 7: Cross-section of GR21-003, view east
Future Work
Results for the remaining 10 drill holes in the 2021 program are pending. As the results are released to the
Company, the Company will be focusing on interpretation and 3D modeling of the oriented drill core data,
with the aims of improving our understand ing of the controls on mineralization and on targeting for 2022
drilling. At the Cloud Drifter Zone, much of the focus for the targeting work will be on the sulfide -cement
breccia intersected in drill hole GR21-007, which bears similarities with high-grade breccias that outcrop on
surface at the Langara, Standard, Day Trip, and Lost Fiddle Zones. In addition, the results of its extensive
property-scale soil and rock geochemical sampling programs are also pending. Following the compilation,
interpretation and release of those results, Kingfisher will develop a path toward drill targeting the most
prospective anomalies.
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 a nalyzed 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 gravime tric
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 84,573,300 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 te sting; 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 remaining 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); n o 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 developmen ts 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