Kingfisher Provides Update on Regional Exploration at the Goldrange Project
Kingfisher Provides Update on Regional Exploration at the Goldrange
Project
VANCOUVER, British Columbia, September 28, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970)
(OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to provide an update on regional exploration
at the Goldrange Project. Goldrange is located approximately 25 km south of the town of Tatla Lake in
Southwest British Columbia.
Ridge and spur talus and soil sampling was completed over several regions within the 367 km 2 Goldrange
Project. Rock sampling and backpack drilling was completed within newly identified grassroots targets in
addition to confirmation sampling at historical zones of mineralization.
Highlights
• Rock sampling up to 89 g/t Au at the Lori Zone, up to 43 g/t Au at the Lost Fiddle Zone, and
up to 38 g/t Au at the Lotus Zone
• Regional grassroots talus sampling up to 2.75 g/t Au and >100 g/t Ag
• Regional grassroots rock sampling up to 4.01 g/t Au, 463 g/t Ag, and >1% Sb
Dustin Perry, CEO of Kingfisher states “Regional work at Goldrange continues to demonstrate the discovery
potential across the Goldrange Project. Confirmation sampling at historical zones has increased the grade
and size of these targets. Grassroots exploration has identified multiple new areas of anomalous precious
metals.”
The Goldrange Project covers a significant deformation zone with numerous precious metal veins across
the project. Mineralization at Goldrange occurs within the orogenic Yalakom Gold Belt, which is also host
to the Bridge River District that includes the past producing Bralorne Mine. Several areas of historical hand
mining are located within the project and date back to the 1930s.
Regional Exploration Summary
Regional exploration across the Goldrange Project has been focused on advancing several targets to the
drill ready stage in addition to covering areas proximal to the Cloud Drifter Trend as well as the northern
end of the project which was previously unexplored.
A total of 214 rock samples were collected of which 55 are reported in this release. A to tal of 2,604 soil
and talus fine samples were collected of which 649 are included within this release. Backpack drilling of
shallow holes was completed at the Lori, Langara, Lost Fiddle, and Lotus Zones. Geological mapping was
completed along ridge and spur traverses in addition to select targets.
The areas of work included within this release are denoted on Figures 1 and 2, which include all sampling
completed to date by Kingfisher in addition to samples digitized from historical work programs.
Figure 1: Goldrange Regional Soil Samples
Figure 2: Goldrange Regional Rock Samples
Lori Zone
The Lori Zone (Figure 3) is situated in the center of the Goldrange Project at the headwaters of Ottarasko
Creek. Recent glacial melting has revealed several hundred meters of new bedrock exposure. The bulk
of work carried out on this historical target was completed in the mid 1980s by Homestake Resources and
resulted in a peak value of 20.36 g/t Au from quartz-arsenopyrite veins.
Kingfisher collected 45 rock samples ranging from below detection limit to a maximum value of 88.35 g/t
Au. Additionally, rock sampling returned highly anomalous grades for bismuth and tellurium with values up
to 626 ppm Bi and 578.1 ppm Te.
Geological mapping has revealed a similar setting to the Cloud Drifter Trend with sedimentary rocks
intruded by a more competent intrusive. Veining occurs pro ximal to and within this intrusive. Additionally,
mafic dykes occur near this contact and appear to have some effect on gold deposition. Ductile textures
were identified in the field, placing the Lori Zone at a deeper depth than the Cloud Drifter Trend.
Backpack drilling was completed over 3 shallow holes ( 0.1 m to 0.74 m) with results including: 10.9 g/t Au
over 0.54 m, 3.14 g/t Au over 0.74 m, and 2.72 g/t Au over 0.1 m.
Figure 3: Lori Zone
Lotus Zone
The Lotus Zone (Figure 4) is located at the southwestern end of the Goldrange Project. The showing was
originally discovered in 1990 by a prospector . Historical sampling recorded a peak value of 22.76 g/t Au
over 1 m. Mineralization is defined by a 1.5 -3 m quartz -pyrite shear vein that can be traced for
approximately 25 m before disappearing under cover in both directions . The vein occurs near a triple
junction contact between volcanic, sedimentary, and intrusive rocks.
Work by Kingfisher was designed to confirm hist oric grades as well as extend sampling along strike from
the historical outcrop. Kingfisher took 16 rock samples of which 6 are included within this release and range
from 0.14 g/t Au to a maximum value of 38.4 g/t Au. Additionally, backpack drilling was completed over
several shallow holes (assays pending) and a soil survey (assays pending) was completed across the strike
of the projection of this showing with the hopes of identifying extensions under cover.
Figure 4: Lotus Zone
Lost Fiddle Zone
The Lost Fiddle Zone (Figure 5) has limited historically documented work and no historical assays. The
zone is approximately 3 km northeast of the Cloud Drifter Trend. Kingfisher geologists prospected the area
of the historical showing and outlined an area of blast trenching with quartz-sulfide breccias.
Mineralization is defined by sulfide-cemented quartz breccias that contain primarily arsenopyrite in addition
to chalcopyrite, sphalerite, and other unidentifiable dark grey sulfides.
A total of 26 rock samples were taken of which 6 are included within this release. Gold values returned so
far range from 1.1 g/t Au to 42.8 g/t Au. Rock sampling revealed a complex mineral system with highly
anomalous grades for several other elements. Sampling returned values up to 1 ,097 g/t Ag, 4.5% Cu,
0.95% Pb, 1.56% Bi, and 0.32% Co.
Backpack drilling was completed over several shallow holes (assays pending) in this area in addition to a
tightly spaced soil survey (assays pending). Future work on this target should include an IP survey given
the high sulfide content of mineralization.
Figure 5: Lost Fiddle Zone
Grassroots Exploration
Prospecting and ridge and spur soil sampling were completed across the project area. Included within this
release are portions of the northern end of the Goldrange Project in addition to areas immediately north of
the Cloud Drifter Trend.
The CD North Zone (Figure 6) revealed an area of hornfels sedimentary rocks and intrusives with
anomalous ridge and spur talus fine sampling up to 0.23 g/t Au and rock sample values up to 0.37 g/t Au.
Additionally, rock sampling returned anomalous antimony values up to 0.39% Sb. Although limited work
was completed on this target in 2021, the initial signs are promising for the formation of auriferous veins.
Figure 6: CD North Zone
Ridge and spur soil and talus fine sampling was completed across much of the northern portion of the
Goldrange Project (Figure 7) . This area has not seen any historical exploration. Several areas of
anomalous gold emerged from this survey with grades up to 2.75 g/t Au in talus fines and up to 4.07 g/t Au
in rock sampling. Four ridgeline traverses revealed anomalous mineralization with two ridge lines appearing
to highlight a northwest trend (Razorback Zone). Rock sampling at the Razorback Zone (Figure 8) revealed
high-level textures with anomalous si lver (up to 463 g/t Ag) and antimony (up to >1% Sb) indicating an
epizonal nature to the mineralization.
Several areas of arsenic anomalism were identified in the field with a portable XRF* device (Figure 7).
These areas were followed up with detailed geochemical surveys for which results are pending.
Given the lack of historic al exploration in this area and the limited time spent generating these targets in
2021, Kingfisher is very excited with these initial results.
The remainder of the results from the 2021 regional exploration program at the Goldrange Project will be
released as they become available.
Figure 7: Goldrange North Regional Sampling