Kingfisher Outlines Gold System at Day Trip Zone, Goldrange Project
Kingfisher Outlines Gold System at Day Trip Zone, Goldrange Project
VANCOUVER, British Columbia, November 9, 202 2 – Kingfisher Metals Corp. (TSX-
V:KFR)(FSE:970)(OTCQB:KGFMF) (“Kingfisher” or the “Company”) is pleased to announce the results of
rotary air blast ( “RAB”) drilling, and surface geochemical and ground geophysical surveys 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 Day Trip Zone is 5 km from the Cloud Drifter Zone and these results represent the first
modern exploration efforts at this zone.
• Gold anomalism is analogous to horizontal gold trends in 2021 drill results from the upper
Cloud Drifter Zone, which lie spatially above high-grade feeders identified in 2022 (NR link).
• Highlight intercepts include 2.7 g/t Au over 4.6 m in GRR -22-023, 0.5 g/t Au over 12.2 m in
GRR-22-27, 2.1 g/t Au over 4.6 m in GRR-22-026, and 0.8 g/t Au over 9.1 m in GRR-22-013.
• Shallow gold intercepts are open laterally and at depth, with an overall dip in geometry
toward the west where 2022 rock sampling returned grades up to 49.8 g/t Au and extended
the geochemical footprint 1 km to the west.
• Induced Polarization (IP) geophysical survey identified s everal strong chargeability and
conductivity anomalies over 2 km; two sizeable diamond drill targets were identified from
coincident chargeability-conductivity anomalies at depths below RAB drill capabilities.
Dustin Perry, CEO states “Initial shallow RAB drilling at Day Trip shows a broad zone of open-ended gold
anomalism over 1 km associated with strong chargeability and conductivity anomalies that stretch nearly
2 km. Early indications point to there potentially being a significant gold system that will need subsequent
drilling to the west and at depth.” Day Trip Zone Overview
Kingfisher commenced the first -ever drill program at the Day Trip Zone with a RAB drill rig in May 2022.
The initial 27 holes (Table 1) focused on a ~300 m by 200 m area at shallow depths of less than 78 m.
The Day Trip Zone covers a rounded mountain top approximately 5 km southeast of the Cloud Drifter Trend
(Figures 1 and 2). The target is situated between two interpreted fault splays off 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 over 2 m . Adjacent to the
intrusion is a ~70 m x 90 m area of arsenopyrite-cement breccia in subcrop (Figure 1). Approximately 20%
of the subcrop material in this area consists of arsenopyrite -cement breccia and rocks grade from 3.4 to
20.1 g/t Au. Talus fine s sampling in 2020 and 2021 outlined a broad area of gold anomalism coincident
with areas of gold in outcrop and subcrop that grades up to 8.4 g/t Au. Rock and talus fines geochemistry
both yield a strong multi-element signature of As, Ag, Cu, Bi, Te, Sb, Zn and Pb associated with Au.
Figure 1. Day Trip Zone RAB Drill Results and Section Locations
Figure 2: Day Trip Zone Aerial View to Southeast
RAB Drill Results
The purpose of the Day Trip RAB drill program was to identify location and geometry of anomalous gold
sampled on surface. The RAB holes tested shallow extents of the target over a 250x 200 m area. Broad
anomalous gold is shallow or at surface and was intercepted in all but the most southerly pad, which failed
to reach target depth. Gold anomalism in the sedimentary-hosted, western holes defines a 20 degree west-
dipping layer that parallels bedding. Gold intercepts in the intrusive-hosted western holes are interpreted to
dip steeply east, similar to the veins on surface. The overall vein geometry from surface coupled with the
gold intercepts, projects toward a large conductive and chargeability anomaly (Figure 5).
The feeder to the sulfide breccia rubble identified on surface and the subhorizontal gold pattern near surface
is interpreted to be rooted in an easterly fault zone to the south of the RAB drill area. One pad attempted
to drill through this structure into the interpreted feeder (GRR -22-30, -31, 32), but was unable to cross the
structure due to difficult conditions.
Hole* From (m) To (m) Interval (m) Au (g/t)
GRR-22-011 4.57 9.14 4.57 0.52
GRR-22-012 7.62 16.76 9.14 0.43
GRR-22-013 0.00 9.14 9.14 0.79
GRR-22-014 0.00 9.14 9.14 0.56
GRR-22-016 0.00 9.14 9.14 0.54
GRR-22-019 4.57 27.43 22.86 0.22
GRR-22-023 10.67 15.24 4.57 2.70
Incl. 10.67 12.19 1.52 6.81
GRR-22-025 25.91 41.15 15.24 0.50
GRR-22-026 4.57 9.14 4.57 2.06
GRR-22-027 13.72 25.91 12.19 0.48
GRR-22-029 0.00 22.86 22.86 0.27
*True widths are not known at this time. All widths reported are drilled widths. Drill holes not listed between GRR-22-001 to GR-22-032 report no significant
intercepts
Table 1. RAB Drill Hole Results
Table 2. RAB Drill Hole Locations (NAD83, Zone 10).
Hole Easting (m) Northing (m) Elevation (m) Depth (m) Azimuth Dip
GRR-22-001 392313 5702390 2274 70.10 162 70
GRR-22-002 392311 5702391 2274 82.30 247 55
GRR-22-003 392311 5702393 2275 56.39 300 55
GRR-22-004 392313 5702394 2275 65.53 345 55
GRR-22-005 392314 5702394 2275 71.63 20 55
GRR-22-006 392296 5702432 2280 36.58 162 55
GRR-22-007 392295 5702432 2280 13.72 210 55
GRR-22-008 392264 5702379 2273 82.30 15 70
GRR-22-009 392262 5702376 2272 41.15 247 55
GRR-22-010 392264 5702375 2272 19.81 160 55
GRR-22-011 392266 5702377 2273 44.20 90 55
GRR-22-012 392264 5702377 2272 19.81 0 90
GRR-22-013 392278 5702407 2279 67.06 0 90
GRR-22-014 392278 5702406 2278 45.72 90 65
GRR-22-015 392278 5702407 2278 16.76 247 60
GRR-22-016 392278 5702407 2279 54.86 20 60
GRR-22-017 392254 5702346 2271 41.15 30 80
GRR-22-018 392218 5702361 2271 54.86 247 80
GRR-22-019 392218 5702361 2271 57.91 69 70
GRR-22-020 392190 5702458 2276 60.96 248 55
GRR-22-021 392190 5702458 2276 51.82 248 70
GRR-22-022 392140 5702442 2266 36.58 248 65
GRR-22-023 392140 5702442 2266 39.62 248 90
GRR-22-024 392080 5702424 2246 74.68 68 70
GRR-22-025 392080 5702424 2244 64.01 248 65
GRR-22-026 392064 5702395 2236 77.72 247 60
GRR-22-027 392064 5702395 2236 70.10 190 60
GRR-22-028 392181 5702401 2266 18.92 247 70
GRR-22-029 392181 5702401 2266 22.80 0 90
GRR-22-030 392307 5702283 2272 28.96 68 58
GRR-22-031 392307 5702283 2272 36.58 141 60
GRR-22-032 392307 5702283 2272 30.48 148 90
Figure 3. Drill Results Sections, view northerly
Induced Polarization (IP) Geophysical Survey Results
A deep penetrating Induced Polarization (IP) survey was conducted to prepare for deeper diamond drilling
targeting. The survey was extended more than 1100 m west of the original survey and target area due to
the discovery of high-grade gold in outcrop ~1 km from the RAB drill area. The geophysical survey identified
two large conductive anomalies beneath the RAB drill area and to the west. Conductivity can be associated
with sulfide breccias and veins and related alteration. Numerous chargeability anomalies were also
identified throughout the survey area. Chargeability highs can be caused by the presence of disseminated
sulfides.
The highest quality geophysical targets are where both chargeability and conductivity are anomalous. The
area of RAB drilling con firmed the coincidence between hydrothermal alteration, elevated sulfide
abundance and anomalous gold with chargeable rocks. Two anomalies are yet to be tested where
chargeability and conductivity are both anomalous: 1) at depth below the RAB drill area, a nd 2) at depth
below the new outcrop discovery ~1 km to the west where rocks returned up to 49.8 g/t Au.
Figure 4. Long IP Section 3600 Geophysical and RAB Drill Results
Figure 5. Long IP Section 3700 Geophysical and RAB Drill Results
Rock Sampling Results
Highly weathered sulfide rubble was located ~1km west of the area of drilling and was follow ed up with
hand trenching that led to the discovery of an outcropping sulfide vein up to 50 cm wide and grading up to
49.8 g/t Au over 0.5 m. Sulfide mineralization includes arsenopyrite, stibnite, boulangerite, and chalcopyrite.
Samples show a strong correlation with Ag, Cu, Pb, Sb, Bi, and Te. Results are shown in Table 3.
Sample No
Width
(cm) Au (g/t) Ag (g/t) Cu (%) Pb (%) Sb (%) Bi (ppm) Te (ppm)
c0135801 50 7.05 52.91 0.14 0.10 0.30 388.85 11.55
c0135802 30 17.29 78.77 0.06 0.42 0.38 73.55 5.76
c0135803 15 10.97 6.28 0.01 0.09 0.05 38.83 1.04
c0135804 50 49.78 51.47 0.13 0.07 0.21 547.49 11.18
c0135805 15 18.13 43.24 0.16 0.24 0.18 333.38 11.46
c0135806 10 0.16 19.71 0.70 0.00 0.01 17.49 1.79
Table 3: 2021 Rock Sampling Results
About RAB Drilling
Kingfisher is using RAB drills as a cost effective and efficient first pass exploration tool. The RAB is a heli -
portable, track mounted drill that can drill a wide range of dips (50-90°) to depths of up to 100 meters. Rock
cuttings from the drill hammer ar e returned to surface between the outside of the rods and the open hole.
Under certain conditions, cross contamination between samples is a concern. The assay results from the
RAB drill provide a strong indication of the grade and thickness of gold interce pted in a given hole.
Kingfisher intends to follow up encouraging RAB assay results with a diamond drill to fully quantify the
grade and thickness of these mineralized intercepts.
QAQC
Grab and chip rock samples are selective by nature and values reported in this news release may not be
representative of mineralized zones. Blank and unlabeled certified reference materials (CRM) were inserted
into the sample sequence every 20th sample.
RAB drill holes at the Goldrange Project are NWJ sized (2 5/8”). Samples are collected continuously from
surface from each 5 ft (1.52 m) rod length. Collected sample material is put through a 1:8 riffle splitter, with
the smaller portion of the sample bagged to be sent to the lab for Au Chrysos PhotonAssay TMand Au Fire
Assay checks. Certified reference materials and blanks are inserted into the sample sequence every 20 th
sample. Duplicates were collected from every 40 th sample by running the 7:8 reject material through the
riffle splitter again, and collecting the 1:8 split for submission to the lab. The total number of blanks,
duplicates and CRM samples equals approximately 5% of the samples submitted to the lab for analysis.
RAB and rock chip samples were shipped to MSALABS, located in Langley, British Columbia for
preparation and analysis. MSALABS is an ISO17025 and ISO9001 accredited laboratory and is
independent of Kingfisher Metals and its Qualified Person. Samples were prepped using the SPL430, CRU-
220. Rock chip samples were then analyzed for 48 major and trace elements with ICP-MS after a four-acid
digestion (method code IMS-230). Following sample preparation, a 500 g split from each sample was sent
to MSALABS Val -D’Or location for Au analysis using Chrysos PhotonAssay TM (method code CPA -Au1).
Selected samples were also su bjected to Au fire assay and gravimetric check assays. A 30 g split from
each check assay sample was analyzed for Au using a lead collection fire assay fusion that was digested
and analyzed using AA (method code FAS -111). A 30g split from the check assay s amples that assayed
>10 ppm Au was analyzed using a lead collection fire assay fusion with a gravimetric finish (method code
FAS-415).
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 103,057,272 shares outstanding.
For further information, please contact:
Dustin Perry, P.Geo.
CEO and Director
Phone: +1 778 606 2507
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 ra tes 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); 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 qualif ied 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 ha s
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 for ward-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 even ts or
circumstances.