Kingfisher Provides 2024 Exploration Update
Kingfisher Provides 2024 Exploration Update
VANCOUVER, British Columbia, September 10, 2024 – Kingfisher Metals Corp. (TSX -V:KFR)(FSE:970)
(OTCQB:KGFMF) (“Kingfisher” or the “Company”) is pleased to report the completion of its program of
mapping, sampling, and IP surveys at the consolidated HWY 37 and LGM projects in the Golden Triangle,
British Columbia.
Highlights
• IP surveys were completed at the Mary -ME porphyry, and Hank -Williams porphyry-
epithermal areas totalling 14.14 line km.
• Mapping was completed at the Mary, ME, Hank, Williams, Rainbow, Ridge, Goat and Grizzly
targets in addition to several unnamed areas of interest.
• The addition of porphyry -epithermal expert Dr. Stephanie Sykora to the technical advisory
board.
• Historical drill core from the Mary, Rainbow, Hank, and Williams zones was reviewed.
• The planned ZTEM survey was delayed due to equipment issues and weather delays at other
projects and is expected to begin at the HWY 37 project this week.
• Machine learning with VRIFY AI is currently underway and results will be released once 2024
data is integrated into the exploration model.
• The BC Geological Survey spent a week on site as part of a porphyry research initiative that
will include future age dates.
Dustin Perry, CEO states “After spending a week on site this year visiting all of the porphyry -epithermal
centers on the project, I am even more encouraged by the tremendous discovery potential of this large land
position in the prolific Golden Triangle, Additionally, after working with Stephanie the last two field seasons
we are thrilled to have her join our advisory board. Her wealth of global experience in copper-gold systems
will be a significant asset as we advance our projects in the Golden Triangle.”
Dr. Stephanie Sykora, states “After two field seasons working with Kingfisher on their HWY 37 project, I am
encouraged to see the potential in their large land package, which shows various styles of mineralization
in prospective terrain that hasn’t yet been fully explored. It is exciting to be part of the progress with a
dynamic, young team that is discovery driven.”
Dr. Stephanie Sykora is a seasoned exploration geologist with over a decade of global experience working
with major and junior companies. She has a PhD degree in Geology from the University of Tasmania
(CODES), Australia where she studied the giant Lihir (Ladolam) alkalic epithermal gold deposit in Papua
New Guinea, under supervision of Professor David Cooke and Dr. David Selley.
Dr. Sykora currently works as an independent consultant, and via OreQuest Consultants Ltd., with various
companies in Canada, USA, Mexico and worldwide. She has held positions at First Quantum Minerals in
South America, Australia, and globally for generative porphyry copper exploration, and at Teck Resources
in BC, Canada in porphyry exploration at Highland Valley Copper. Her expertise includes field mapping,
technical evaluations , project generation, structur al geology, and porphyry-epithermal systems. Dr
Sykora has published several articles in peer -reviewed scientific journals as well as various scientific
communications for earth sciences.
HWY 37 Project and LGM Project Summary
The contiguous HWY 37 and LGM projects cover 630 km2 within the prolific Golden Triangle and are host
to porphyry, epithermal, and VMS mineralization spanning from the Late Triassic to Middle Jurassic.
The Grizzly Cu -Au porphyry system is inferred to be the oldest at the project (Late Triassic). Previous
workers identified pseudoleucite-bearing volcanic host rocks, a unique rock type also present at the world
class, alkalic Galore Creek deposit (Teck/Newmont) located 50 km to the west. Historical trenching at
Grizzly returned 0.74% Cu and 1.09 g/t Au over 38 m.
Texas Creek intrusions (Early Jurassic) are the most widespread at the projects with a span over 25 km in
a NE to SW trend with widespread geochemical anomalies and alteration . Mary, Williams, Rainbow, and
Hank alteration systems are all related to these intrusions which also drive mineralization at the Sulphurets
District (KSM, Treaty Creek, and Brucejack) and the Snip-Iskut District. The Company notes that
mineralization on nearby projects or metal districts is not indicative of mineralization on the HWY 37 or LGM
Projects.
Figure 1: Regional Overview Map - HWY 37 and LGM Projects
2024 Exploration Program
The 2024 field program was designed to refine drill targets across the HWY 37 and LGM projects. A focus
was placed on new interpretations of the controls on mineralization across a broad area through detailed
geological mapping by Dr. Stephanie Sykora. A total of 214 rock samples were taken by Kingfisher
geologists, 296 geological field station s collected, and 14.14 line km of IP surveys were surveyed over 4
lines (Figure 2).
The BC Geological Survey spent 7 days studying intrusions across the project area as part of a regional
porphyry research initiative . Results from the 2024 exploration program will be released once they are
received and interpreted.
The ZTEM survey which was planned for earlier in the summer has been delayed due to equipment and
weather issues at other nearby projects. Despite this, the survey is planned to begin this week.
Figure 2: 2024 Exploration Program
Hank-Williams Trend
Mapping at the Hank-Williams Trend focused on improving the understanding of the structural controls to
mineralization in areas prospective for drilling . Surface mapping also identified an expanded extent of
hydrothermal alteration of roughly 6 x 6 km of quartz-sericite-pyrite (QSP).
Two IP lines were completed to extend coverage to the south and north of historical surveys . The
southwestern line (3.2 km) is designed to test below an area concealed by young (post-gold) rocks and to
characterize the Rojo Grande target. The northeastern line (5.7 km) spans the known Williams porphyry
deposit, across the Hank epithermal deposit, and southeast past the limit of historical drilling for over 2.5
km. This line is designed to outline porphyry targets below the known Hank epithermal system, to generate
a fingerprint of the Williams deposit on the same line.
Figure 3: The Hank Deposit within the Hank-Williams Trend
Mary Trend
One 3.2 km IP line is designed to outline the trend of mineralization at an optimal azimuth not completed
on previous surveys and provide information to drill target the Mary Root Zone and the deeper extents of
the Mary deposit. The line will also include the DM porphyry to the northeast, which returned 0.28 g/t Au
and 0.21% Cu over 223.3 m from 16 m depth (BC -06-03) and the Cliff porphyry to the southwest, which
was drill tested with two holes in 2023 with the best intercept returning 0.11% Cu over 114 m (M-23-001).
Mapping and sampling in the area outlined a ~600 m -long zone of stockwork and sheeted veins that
parallels the overall northeast to southwest trend of mineralization to the south and west of the DM Zone
that has only been partially tested with historical drilling. One outcrop of chalcopyrite -bearing stockwork
north of the DM zone was also visited and sampled that has not been tested by drilling. Kingfisher geologists
noted bornite in historical drill core in the DM area which indicates potential for elevated relative copper for
exploration targets. Bornite has not yet been identified in drill extents at the higher elevation, known Mary
deposit.
Figure 4: The Mary Deposit
ME
Mapping was completed at the ME porphyry target to the south of the Mary deposit and Cliff porphyry. Two
areas of porphyry stockwork were mapped, chip -channel sampling was completed , and one 2-km IP line
was completed with the goal of outlining the geometry of chargeable mineralization identified on surface.
Widespread ‘quartz-sericite-pyrite’ alteration was noted across the zone with significant chalcopyrite
mineralization hosted within stockwork over a ~300 m of vertical extent.
Figure 5: The ME Zone
Rainbow
The Rainbow Zone occurs as a small outcrop with brecciated vein clasts of high-level sheeted porphyry
veins. Mapping in 2024 noted that the breccia occurs with a magnetite (potassic) matrix. Previous operators
drilled below the discovery hole (RN-11-01; 0.76 g/t Au over 91 m) with limited success.
The brecciated and structurally complex nature of mineralization in the area of historical drilling provides a
geological explanation for how previous operators did not reproduce the initial drill results. Drill core review
confirmed this field observation. Given the presence of potassic alteration at surface associated with gold
and limited surface exposures due to the presence of widespread glacial till , future exploration in 2025
should include IP surveys in addition to ground based magnetic surveys which should outline areas of
magnetite-cemented breccias.
Figure 6: The Rainbow Zone
Ridge
The Ridge Zone hosts widespread in-soil and stream sediment geochemical anomalies for Au-Ag and base
metals. Two days of mapping were completed at the Ridge Zone. Mapping indicated the presence of
widespread carbonate alteration similar to other targets on the project ( e.g., Mary and Hank) and is
potentially indicative of a high -level porphyry environment. Mapping focused on vein and pyrite densit ies
across two drainages. Future work will be planned after interpreting ZTEM results .
Figure 7: The Ridge Zone
Grizzly
The Grizzly Zone lies in the southwestern region of the recently acquired LGM Project. Grizzly is host to
copper-gold porphyry mineralization with historical trench sampling of 0.74% Cu and 1.09 g/t Au over 38
m. The Company spent one day mapping creek exposures in the vicinity of historical sampling. Preliminary
mapping and 3D modeling indicate that the limited amount of historical drilling failed to cross the trend of
mineralization.