Kingfisher Reports 8.8 m of 38.50 g/t AuEq Within 27 m of 13.61 g/t AuEq at HWY 37 Project, Golden Triangle
Kingfisher Reports 8.8 m of 38.50 g/t AuEq
Within 27 m of 13.61 g/t AuEq at HWY 37
Project, Golden Triangle
Vancouver, British Columbia--(Newsfile Corp. - September 21, 2026) - Kingfisher Metals Corp. (TSXV:
KFR) (FSE: 9700) (OTCQX: KGFMF) ("
Kingfisher
" or the "
Company"
) reports that HW-26-015
contained visible gold (Figure 1) and the assay returned 8.8 m of 20.33 g/t Au, 937.6 g/t Ag, 2.98% Cu,
11.08% Zn and 0.99% Pb (38.50 g/t AuEq
(1)
) from 462.0 m, within a broader zone of 27 m grading
13.61 g/t AuEq
(1)
(7.33 g/t Au, 322.0 g/t Ag, 1.01% Cu, 4.05% Zn, 0.54% Pb) from 461.0 m to 488.0
m
(3)
(Table 1). HW-26-015 was designed to test the Hank porphyry Cu-Au target, first identified in drill
hole HW-25-011
(2)
, and intersected a high-grade polymetallic vein containing visible gold on the
shoulder of porphyry-style mineralization (Figure 2).
This assay result is the first received this season and covers a single 27 m interval within HW-26-015.
Standard multi-element assay results for the remainder of the hole are pending. To date this season, 13
diamond drill holes have been completed, and 4 are in progress, for a total of approximately 9,500 m
across the Hank-Mary District.
Highlights from this release include:
Sub-intercept of
8.8 m of 38.50 g/t AuEq
(1)
Visible gold observed within a high-grade polymetallic (Au-Ag-Cu-Zn-Pb) vein
Hydrothermal alteration, veins, and base metal mineralization continue below the reported
intercept before transitioning into porphyry alteration and mineralization
Visually strongest mineralization
(4)
at the Hank Porphyry observed to date in HW-26-019
4th diamond drill added to the HWY 37 Project
Over 9,500 m drilled in 17 holes, including 4 holes in progress
Dustin Perry, CEO and President of the Company, states:
"HW-26-015 has returned the best
polymetallic intercept drilled to date on the HWY 37 Project with 8.8 meters of 38.50 g/t gold
equivalent.
Serendipitously intersecting mineralization of this tenor en route to a porphyry speaks to the fertility of
the magmatic-hydrothermal system at Hank. Due to glaciation in British Columbia, it is unusual to
see such high levels of preservation as we see at the Hank porphyry-epithermal system, with lithocap
alteration on the ridges, disseminated gold at surface, and polymetallic veins that transition into
porphyry systems at depth.
The scale of the alteration system at Hank continues to impress us. Every hole drilled to date has
intersected hydrothermal alteration, and while assays are pending, our visual observations suggest we
are vectoring toward the higher-temperature core of the Hank porphyry, with the strongest alteration
and mineralization yet observed in HW-26-019.
With four rigs turning, we continue to test both the shallow and deeper environments of this extensive
system, and we look forward to receiving and reporting results from this year's drill program."
Figure 1:
Visible gold in drill core from HW-26-015 at 464.3 m downhole.
VG (visible gold/electrum),
cpy (chalcopyrite), sl (sphalerite), gn (galena), qz (quartz), cb (carbonate).
Interpreted Ag-Au tellurides
and Ag-sulfosalts are also annotated. Scale bars are approximate.
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HW-26-015 Overview
HW-26-015 was collared to test the Hank porphyry Cu-Au target, first identified in discovery hole HW-25-
011, and was not designed to test for vein-hosted precious metal mineralization. The hole intersected a
high-grade polymetallic vein containing visible Au (Figure 1) on the shoulder (margin) of porphyry-style
mineralization and alteration. The vein returned an 8.8 m interval grading 38.50 g/t AuEq (20.33 g/t Au,
937.6 g/t Ag, 2.98% Cu, 11.08% Zn, 0.99% Pb) within a zone of 27 m grading 13.61 g/t AuEq (7.33 g/t
Au, 322.0 g/t Ag, 1.01% Cu, 4.05% Zn, 0.54% Pb) (Table 1). This is the first vein of this style and grade
identified within the Hank porphyry target area.
An Intact Porphyry-Epithermal System
HW-26-015 traversed the Hank system from an epithermal expression through to porphyry levels in a
single hole. From the surface, the hole passed through quartz-sericite-carbonate-pyrite altered
volcaniclastic rocks and into a broad silica-sulfide interval containing jasperoid-cement breccia, the
polymetallic vein reported here, followed by silica flooding and silica-cement breccia below it. From 660
m to the end of the hole at 1,067 m, the hole intersected porphyry-style veins with visible chalcopyrite
(4)
and transitional potassic alteration comprising quartz-biotite-chlorite-magnetite-chalcopyrite-pyrite with
trace molybdenite (Figure 2).
The greater Hank mineral system includes a vertical succession from lithocap and high-sulfidation
alteration at the surface, intermediate-sulfidation and polymetallic vein mineralization at intermediate
levels, and porphyry Cu-Au mineralization at depth, and the Company interprets it as a porphyry-
epithermal system preserved in its entirety. Systems of this type are commonly truncated by erosion, with
the upper epithermal levels removed and only the porphyry root remaining, or alternatively with the
lithocap preserved but the underlying porphyry beyond the depth of practical exploration. At Hank, the
Company interprets that limited post-mineral erosion has preserved the full column, and that each level of
the system remains available to be explored.
The Vein in System Context
Polymetallic Au-Ag-Cu-Zn-Pb vein mineralization of this style commonly develops on the outer margins
of porphyry Cu-Au systems, where cooler fluids are structurally focused above and lateral to the porphyry
centre. Kingfisher interprets the HW-26-015 vein as the intermediate-sulfidation level of the Hank system
rather than an isolated occurrence. The Company believes this grade and metal endowment indicate a
magmatic-hydrothermal source of substantial scale.
Implications for the Hank Area
The vein was intersected in a hole directed at a porphyry target. The Company regards this as a
meaningful indicator of both the fertility of the Hank mineral system and the degree to which the Hank
area remains underexplored. Drill density across the Hank area is low relative to the scale of the system,
and the mineralization tenor reported herein had not previously been recognized in the area. Kingfisher's
exploration strategy focuses on systematically testing each level of the preserved system, and drilling is
ongoing across the Hank area.
Table 1:
Partial assay results from this release
Hole No.
From (m)
To (m)
Interval (m)
(3)
Cu (%)
Au (g/t)
Ag (g/t)
Zn (%)
Pb (%)
AuEq (g/t)
(1)
HW-26-015
0
461
Assays Pending
HW-26-015
461.0
488.0
27
1.01
7.33
322.0
4.05
0.54
13.61
incl.
462.0
470.8
8.8
2.98
20.33
937.6
11.08
0.99
38.50
HW-26-015
488.0
1,067
Assays Pending
(1)
AuEq (g/t) = Au (g/t) + (Cu (%) x 0.9428) + (Ag (g/t) x 0.01375) + (Zn (%) x 0.2228). Differences may occur due to rounding. See Footnote
(1)
below for
full assumptions. Pb is not included in the AuEq calculation.
Note: This result represents a rush assay for a single interval within HW-26-015 that was selected for priority analysis because visible mineralization
was observed in the core, and is not representative of the entire drill hole. Standard multi-element assay results for the remainder of the hole are
pending.
Figure 2:
Cross section of HW-26-0
15
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2026 Drill Program Update
As of September 17, 2026, 17 diamond drill holes have been drilled or are currently drilling for a total of
approximately 9,500 m in the 2026 program within the Hank-Mary District (Table 2). Drill targeting
continues to focus on the Hank porphyry target, the shallow Hank gold system, and new discovery-type
targets. There are 2 drill rigs that are drilling the Hank Porphyry Targets, and 2 drill rigs are assigned to
drill the Upper Hank gold targets and the new discovery targets.
Hank Porphyry Targets
Drilling at the Hank Porphyry Target this season has consistently intersected the porphyry system.
Collectively, the results suggest an exploration vector to the north-northeast, with the porphyry system
remaining open at depth and along strike. Assay results are pending for the remainder of HW-26-015
and for all other holes completed to date this season. HW-26-019 returned the strongest visual copper
mineralization observed to date, exceeding that observed in HW-25-011, and is discussed above and
below.
HW-25-011 (Extension):
The season began with re-entry of discovery hole HW-25-011,
confirming that porphyry copper-gold mineralization continues from 959 m to the end of the hole at
983.4 m. The mineralization is consistent with the original intercept; however, difficult ground
conditions prevented the hole from being advanced deeper.
HW-26-012 (884 m):
Collared approximately 350 m northeast to test the northern edge of the HW-
25-011 mineralization, this hole intersected a structural zone with elevated zinc and lead
mineralization from 57 m to 219 m, a quartz-chlorite-pyrite stockwork with sheeted quartz veins
from 554 m to 648 m, and high temperature alteration interpreted as porphyry-flanking through to
the end of the hole.
HW-26-015 (1,067 m):
Drilled upslope of discovery hole HW-25-011, this hole intersected a broad
silica-sulfide zone hosting the high-grade polymetallic vein reported above, then entered porphyry-
style veins with visible copper mineralization
(4)
from 660 m to the end of the hole (Figure 2).
HW-26-016 (1,021 m):
A shallower-dipping hole drilled from the same pad as HW-25-011, HW-
26-016 intersected 268 m of porphyry mineralization from 514 m to 782 m, including visible copper
mineralization.
HW-26-017 (883 m):
Collared approximately 350 m south to test a geophysical anomaly, this hole
reached the margin of the porphyry from 683 m to the end of the hole, extending the interpreted
alteration footprint to the south.
HW-26-019 (1,085 m):
The deepest hole drilled at Hank to date remained in copper-bearing
porphyry mineralization from 643 m to the bottom of the hole, with visibly more abundant
(4)
copper
mineralization than discovery hole HW-25-011. Trace bornite, a high-grade copper mineral of
higher copper content than chalcopyrite, was visually identified
(4)
in the uppermost approximately
50 m of the intercept. The Company regards this as an excellent indicator that HW-26-019 is
vectoring toward a copper-enriched core to the Hank porphyry system. Assays for this interval are
pending.
HW-26-023 (in progress):
This hole was designed to test the Hank porphyry west of HW-26-019,
which contains the highest
(4)
visual copper mineralization observed to date within the Hank
Porphyry (Figure 2). At the time of writing, the hole had intersected porphyry alteration comprising
chlorite-biotite-magnetite, with pyrite dominant over chalcopyrite and trace molybdenite visually
identified
(4)
from approximately 780 m downhole. The hole is currently being drilled with assays
and detailed logging pending.
Upper Hank Gold Targets
All holes drilled into the Upper Hank gold system have intersected widespread alteration with associated
pyrite and many have anomalous base metal mineralization that can be an indication for hosting Au-Ag
mineralization.
HW-26-013 (Pits Extension - 406 m):
Tested a new interpretation that the Pits epithermal gold-
silver mineralization is fed by a steeply dipping east-trending structure; collared approximately 330
m east of the Pits and 370 m north of HW-25-006, which returned 110 m of 0.47 g/t Au
(7)
. The hole
remained within that structural zone from near surface to the end of the hole, and additional pads
have been built to test additional feeder targets this season.
HW-26-018 (Flats - 508 m):
The purpose of this hole was to extend mineralization around drill
hole DDH88-16
(6)
, which reported 74 m at 0.43 g/t Au from 25.5 m depth, with the hole ending with
an assay of 0.92 g/t Au
(5)
over 4 m. This hole intersected alteration dominated by QSP-phyllic from
49 m to the 508 m end of hole. Pyrite ± galena ± sphalerite occur in veins and disseminations
throughout the hole, with local hydrothermal breccia.
HW-26-020 (Pits extension/Source - 504 m):
Pits extension/source tested a geological and
geophysical target NE of Pits. An alternating hematite-alteration / green-phyllic sequence occurs
from 33 m to 504 m with pyrite
disseminated throughout.
HW-26-025 (Flats - in progress):
currently being drilled and logged. This hole is testing the Flats
target area within the Upper Hank gold system. Similar to HW-26-018, this hole is testing for
additional mineralization in an area of historical and depth limited drilling. In this area DDH87-8
(6)
returned 123 m @ 0.34 g/t Au
(5)
. Proposed depth of this hole is 400 m.
New Discovery Targets
Target areas tested or currently being drilled are Rojo Grande, Rojo Chico, Cash, LAZ Porphyry and
Turquoise target areas (Figure 3).
HW-26-014 (Cash - 652 m):
The first hole into the Cash target and a test of a chargeability body
exceeding 30 mV/V, intersected multiple previously unrecognized diorite to syenite porphyry
stocks from 9.3 m to the end of the hole, interpreted as a porphyry-flanking position approximately
800 m north-northeast of HW-26-013 and warranting follow-up drilling.
HW-26-021 (LAZ Porphyry - 665 m):
Collared 140 m west of historic hole HNK18-011
(6)
at LAZ,
which ended in favorable geochemical zonation consistent with proximity to a porphyry. Hole HW-
26-021 intersected
QSP alteration with 8-12% disseminated pyrite and polymetallic quartz veins to
380 m. Below 400 m, alteration transitions to a higher temperature assemblage of
chlorite±magnetite±biotite±epidote and trace K-feldspar with variable QSP to 665 m. It is
significant because epidote and magnetite together define a discrete 'inner propylitic' shell to the
core potassic body at both Hank and Williams porphyry deposits.
HW-26-022 (Turquoise - 411 m):
Propylitic alteration near surface grades into an alternating grey
argillic-advanced argillic / phyllic sequence to ~310 m, then green-phyllic alteration to end of hole.
Pyrite ± magnetite occurs in veins and stockwork/breccia zones at 139-257 m. This is a
comparatively short, shallow hole that appears peripheral to the main system.
HW-26-024 (Rojo Chico - 175 m):
This hole was testing below Rojo Chico. QSP-phyllic alteration
with pyrite, silicification and local breccia occurs from 17 m to EOH 174.3 m. The hole was
stopped before proposed final depth because of difficult drilling conditions.
HW-26-026 (unnamed - in progress):
This hole is planned to a final depth of 250 m and is
testing gold-silver-bearing structures north of Rojo Chico and northwest of Rojo Grande.
HW-26-027 (Rojo Grande - in progress):
This hole is the first-ever drill test into the large
southern possible continuation of the upper Hank gold system. The hole collars more than 1,200 m
east of the nearest hole at Flats, is more than 1,200 m from the nearest drilling to the NW and more
than 900 m from the nearest hole at Felsite hill. The initial test targets structurally controlled,
advanced argillic alteration of pyrite-dickite-silica-alunite-kaolinite. This hole is proposed to a
depth of 425 m.
Figure 3:
Plan view of current drilling within the Hank-Mary District
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Table 2:
Location of completed and current drillholes
Hole ID
Status
Easting
(mE)
Northing
(mN)
Azimuth (°)
Dip (°)
Final Depth
(m)
Target Area
HW-25-011
Complete
408790
6342028
111
-64
983.4
Hank Porphyry - HW-25-011 Extension
HW-26-012
Complete
409125
6342136
145
-68
884
Hank Porphyry
HW-26-013
Complete
410523
6341955
328
-81
406
Upper Hank Gold - Pits Extension
HW-26-A
Abandoned
410384
6341755
140
-75
26
Upper Hank Gold
HW-26-014
Complete
410735
6342736
185
-65
652
New Discovery - Cash
HW-26-015
Complete
409062
6341823
99
-83
1067
Hank Porphyry
HW-26-016
Complete
408791
6342030
117
-56
1021
Hank Porphyry
HW-26-017
Complete
408914
6341721
100
-76
883
Hank Porphyry
HW-26-018
Complete
408663
6340805
300
-85
508
Upper Hank Gold - Flats Zone
HW-26-019
Complete
408791
6342030
110
-72
1085
Hank Porphyry
HW-26-020
Complete
410342
6342315
115
-60
504
Upper Hank Gold - Pits Extension
HW-26-021
Complete
409371
6342334
335
-72
665
New Discovery - LAZ Porphyry
HW-26-022
Complete
412154
6340513
310
-63
411
New Discovery - Turquoise
HW-26-023
Drilling
408791
6342030
110
-78
In progress
Hank Porphyry
HW-26-024
Complete
409590
6340638
289
-70
175
New Discovery - Rojo Chico
HW-26-025
Drilling
408896
6341143
306
-80
In progress
Upper Hank Gold - Flats Zone
HW-26-026
Drilling
409626
6340992
160
-55
In progress
New Discovery - Rojo Chico / Rojo Grande
HW-26-027
Drilling
410349
6340507
240
-56
In progress
New Discovery - Rojo Grande
2026 Regional Exploration Update & Other Work
2,452 soil geochemical samples have been taken within the Hank-Mary District as well as at the
Mess Creek Target.
Geological mapping at RDN (Forrest Kerr), Hank-Mary Trend, Rainbow, Northmore, and Mess
Creek with 128 rock samples collected and submitted for geochemical assay.
14.1 line-km of ground IP within the Hank-Mary District, with work ongoing; 11.8 line-km of ground
induced polarization geophysics (IP) at the Forrest Kerr RDN prospect; and Vector IP covering
approximately 25.5 km
2
at Mess Creek.
1,180 line km of airborne MMT and magnetics over Forrest Kerr.
185 km² of new LiDAR coverage over Forrest Kerr and parts of HWY 37, approximately one-third
of the planned 548 km², with acquisition slowed this season by late snowmelt and adverse
weather.
Scanning of 5,600+ m of historical core from Mary using shortwave infrared hyperspectral.
Initial construction activities of a second, recently permitted, camp underway, with occupancy
expected for 2027.
Ongoing baseline environmental sampling.
30 km² of Additional Tenure Added to Forrest Kerr Project
30 km² of new ground immediately adjacent to Forrest Kerr to the west has recently been approved by
the Mineral Titles Office.
This brings the total Forrest Kerr tenure to 232 km² and the HWY 37 tenure to
933 km² for a total of 1,165 km² (Figure 4).
Figure 4:
Plan map showing prospect locations and Kingfisher's new tenure adjacent the Forrest Kerr
Project.
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Quality Assurance / Quality Control (QAQC)
Drilling on site at the HWY 37 Project was supervised by on-site Kingfisher personnel who implemented
a full QAQC program using coarse blanks, pulp blanks, standards, and duplicates inserted into the
sample stream at regular intervals to monitor analytical accuracy and precision. Samples consist of
sawn half core collected at a nominal 2 m sample length, reduced to a nominal 1 m sample length in
higher-grade zones. The samples were sealed on site using tamper-proof seals with unique identifiers.
The samples were sent to the Bureau Veritas (BV) lab in Vancouver, British Columbia. BV's quality
control system complies with global certifications for Quality ISO/IEC 17025:2017 General requirements
for the competence of testing and calibration laboratories.
All QC samples returned results with
acceptable limits. Diamond drill core samples were analyzed using a combination of BV's MA200
process for low level concentrations (4 acid digestion/ICP-ES/MS) and MA370 process for higher level
concentrations (4 acid digestion/ICP-ES). Gold assaying was completed using FA430, a 30-gram fire
assay with AAS finish. Given the high grades encountered, samples were re-assayed using metallics
screening and/or gravimetric finish where applicable to more accurately account for coarse or nuggety