Kingfisher Provides Update on Drill Program at HWY 37 Project, Golden Triangle
Kingfisher Provides Update on Drill Program at HWY 37 Project, Golden Triangle
VANCOUVER, British Columbia, July 31, 2025 – Kingfisher Metals Corp. (TSX -V: KFR) (FSE:
970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to provide an update on the
previously announced 7,500-meter (“m”) drill program at the HWY 37 Project. Drilling at Williams
has extended potassic alteration with chalcopyrite and bornite mineralization by ~150 m
below the limits of historical drilling. Bornite is mapped at surface and identified to a
vertical depth of approximately 680 m in drill core. HW-25-004 intersected a broad zone of
intense potassic alteration over 478 m. The 849 km 2 HWY 37 Project is located within the
Golden Triangle, British Columbia.
Drilling to date has focused on testing for depth extensions of the Williams porphyry Cu -Au
system, porphyry Cu-Au targets across the valley (east) in an area with no historical drilling, and
at the Upper and Lower Hank porphyry Cu-Au targets (Fig. 1).
Dustin Perry, CEO, states “So far, the 2025 drill program has matched our expectations of
vertically extending porphyry mineralization at Williams a s well as providing a much clearer
understanding of this highly prospective district. Our exploration hypothesis indicates vertical
continuity of the gold -rich bornite zone, and these holes demonstrate that bornite continues to
depth where it was predicted.”
Figure 1: Hank-Williams Drill Area
Williams Area Drilling
The first drill hole of the program , HW-25-001, was completed upslope and west of potassic
alteration and drilled steeply to the east. The drill hole was collared at a 110o azimuth and -80o
dip, designed to test the western limit of the porphyry system and provide important data to define
the orientation of the mineralized system at Willams. The drill struggled passing through several
fault zones and deviated clockwise significantly more than historical drill holes in the region ending
approximately 40o azimuth from the planned target. Despite this, HW-25-001 intersected potassic
alteration, often overprinted by phyllic alteration with chalcopyrite ± bornite mineralization from
390 m726 m (Fig. 2 and 3), end of hole was at 803 m and bottomed in early mineral monzanite.
This drill test provided valuable insights to the mineralized system at Williams including identifying
two porphyry intrusive phases that were previously lumped into one. The insights have improved
Kingfisher’s geoscience teams understanding of the mineralized system at Williams and allowed
for better targeting of the younger more productive intrusive phase.
Figure 2: HW-25-001: 484m (Bn = Bornite, Cpy = Chalcopyrite, Mag = Magnetite) 1
1 Examples of drill core photos are included to show the different styles of lithology, alteration, and mineralization, and are
not necessarily representative of the entire lengths of specific intervals discussed within this release.
Figure 3: HW-25-001: 538m and 543m (Bn = Bornite, Cpy = Chalcopyrite) 1
Drill holes HW-25-002 (275o/-60o) and HW-25-003 (285o/-68o) were drilled across Hank Creek to
the southeast and tested shallow chargeability anomalies that coalesce with the Williams porphyry
chargeability signature at depth. Drilling in both holes encountered widespread intense quartz -
sericite-pyrite-carbonate alteration in the top 250 m (HW-25-002) and 350 m (HW-25-003). Below
this, it transitioned to a less altered, polyphase diatreme breccia which is interpreted to be
emplaced before the mineralizing events at Willi ams (Fig 4). Diatreme breccias are commonly
formed as an eruptive phase preceding or post-dating the formation of porphyry Cu-Au deposits.
Surface mapping and drill results are interpreted to demonstrate high prospectivity for porphyry
Cu-Au discovery at the margins of the diatreme breccia. It is believed that the Williams deposit,
the Kaip target and the Williams East target (Fig. 1) are located at this boundary . At depth, the
chargeability anomaly remains unexplained.
Figure 4: HW-25-002: 516m1
HW-25-004 was collared at 174o degrees and -76o dip, upslope and north of potassic alteration
at Williams. After passing through the Williams thrust fault at 3 27 m, the drill hole entered Cu-
bearing potassic alteration. Intense potassic alteration with chalcopyrite -bornite mineralization
(vein, stringer, disseminated, and blebby) was intersected from 327 to 805 m downhole and trace
chalcopyrite to end of hole at 8 84.9 m (Figs. 5-8). Bornite occurs at surface (Fig. 9) at the
discovery outcrop and has been intersected in drilling down to a vertical extent of 680 m. Strong
potassic alteration comparable to what was noted in historical drill hole HNK -18-013 was
intersected across this broad interval and extended visible copper mineralization ~150 m below
historical drilling levels. Mineralization is open at depth and will be tested with additional drilling
this field season.
Figure 5: HW-25-004: 411m, 422m, 532m, 673m (Bn = Bornite, Cpy = Chalcopyrite) 1
Figure 6: HW-25-004: 688m1
Figure 7: HW-25-004: 690m1