Kingfisher Reports Drill Results from Western Boundary of Cloud Drifter Trend
Kingfisher Reports Drill Results from Western Boundary of Cloud Drifter
Trend
VANCOUVER, British Columbia, January 10, 2023 – Kingfisher Metals Corp. (TSX -V: KFR) (FSE: 970)
(OTCQB: KGFMF) (“Kingfisher” or the “Company”) announces drill results from 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 Western Target Area has limited surface exploration due to steep terrain and returned
up to 2 m of 4.4 g/t Au
• The highest concentration and grade of intercepts in the Western Target Area appear to
vector to the Pad 400 Target Area, with a more than 200 m gap in drilling
• Similar to other drilled regions of the Cloud Drifter Trend, broad anomalous gold was
intercepted often centered on focused high-grade structures
Dustin Perry, CEO states “Drilling of the Western Target Area returned anomalous gold mineralisation that
increases in strength towards the center of the soil anomaly where our best results have come to date. We
await results from the Eastern Target Area, the Langara Zone, and the four final holes of the program drilled
near the highlight intercept of 2.9 g/t Au over 40 m in GR22-018.”
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 host to the
Bridge River District that includes the past-producing Bralorne Mine. Several areas of historical hand mining
are located within the project that date back to the 1930s.
The 2022 drill program (Figure 1) at the Goldrange Project was designed to follow up on the initial 2021
program as well as test a much broader area across the Cloud Drifter Trend. The five drill holes of the 2022
program (Tables 1 and 2) included within this release are located at the wes tern boundary of the Cloud
Drifter Trend soil anomaly . Remaining d rill hole results from the Cloud Drifter and Langara zones are
pending.
Western Target Area
Drill holes at the Western Target Area , located 200 -400 m west of the Pad 400 Target Area, focused on
domains of high multi -element soil geochemical anomaly coupled with a coincident conductivity and
chargeability anomaly. Geological mapping in 2020 identified an Fe -oxide alteration body uphill of this soil
anomaly that contains Fe-oxide veins interpreted to reflect the reaction of sulfide minerals with meteoric
water and air. The Western Target Area has seen little exploration to date due to the steep nature of the
terrain.
Highlight intercepts from the Western Target Area are listed in Table 1 and plotted on Figure 2.
Figure 1: Diamond Drill Hole and Section Locations in the Cloud Drifter Zone
Hole From (m) To (m) Interval (m) Au g/t
GR22-023 84.5 86.5 2 1.36
GR22-023 131.3 131.8 0.5 1.57
GR22-024 64.5 75.5 11 0.34
GR22-024 89.5 94.5 5 0.52
GR22-025 47 67 20 0.30
GR22-025 213 218 5 0.41
GR22-026 78 79 1 2.49
GR22-026 112 114 2 1.34
GR22-026 246 247 1 2.15
GR22-026 315 318 3 0.91
GR22-026 350 357 7.1 1.55
incl. 350 352 2 4.37
GR22-027 no significant intervals
*True widths are not known at this time. All widths reported are drilled widths.
Table 1: Highlight Drill Intercepts, Western Target Area
Hole Easting (m) Northing (m) Elevation (m) Depth (m) Azimuth Dip
GR22-023 388185 5705655 1572 252 354 57
GR22-024 388257 5705646 1583 285 333 54
GR22-025 388257 5705646 1583 348 333 74
GR22-026 388122 5705481 1700 502 30 56
GR22-027 388122 5705481 1700 498 300 55
Table 2: Diamond Drill Collars (NAD 83 - Zone 10)
Figure 2: Sections from Western Target Area
Exploration Update
A total of 29 diamond drill holes, over 7,545 m, have been completed in the Cloud Drifter Trend. Drilling
at the Western Target Area included 5 holes over 1 ,884 meters and drilling at the Eastern Targ et Area
included ten holes over 1,986 meters. Drilling at the Pad 400 Target Area included 2,082 m over 10 holes.
Four drill holes at the Langara Zone have been completed over 1,594 meters. Results are pending for the
Eastern Target Area, the Langara Zone, and four remaining holes at the Pad 400 Target Area.
Deep penetrating induced polarization (IP) geophysical surveys were completed at the Eastern Target
Area at the Cloud Drifter Zone as well as at the Day Trip Zone. These surveys expand both the lateral and
depth extents from previous survey coverage. Geophysical and RAB drill results will be released once final
data is received.
Quality Assurance/Quality Control (QAQC)
All drillholes in this release are NQ sized (47.6 mm diameter). A continuous series of one-metre-long half-
split core samples was taken down the entire length of each drill hole. Sample lengths were reduced to a
minimum of half a meter to avoid crossing lithologic contacts or other features deemed important by
Kingfisher’s geologists.
Unlabelled certified reference materials (CRM) were inserted systematically throughout the sample
sequence along with blanks and duplicate samples. In addition to the systematic insertion of dupl icates,
duplicates were also collected from conspicuously mineralized samples. Half -split core samples for
duplicates were further split into quarter core samples before submission for analysis. Upon receipt of
duplicate analyses, the results from each of the quarter cores were averaged before integration into the
assay database. The total number of blanks, duplicates and CRM samples equals approximately 5% of the
total samples taken.
Core 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 and its
Qualified Person. Samples were prepped using the SPL430, CRU-220 and 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
PhotonAssayTM (method code CPA -Au1). Selected samples were also subjected 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 samples 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 a ssumptions 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 Com pany's projects; prices
for gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for
the Company's projects; capital, decommissioning and reclamation estimates; prices for energy inputs,
labour, materials, supp lies 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 a bility 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 facto rs 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 t o 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); fluctuati ons 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 abi lity 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 qualified personnel;
the availability of additional capital; title matters and the additional risks identified in our filings with Canadian
securities regulators on SEDAR in Canada (ava ilable at www.sedar.com). Although the Company has
attempted to identify important factors that could cause actual results to differ materially, there may be other
factors that cause res ults not to be as anticipated, estimated, described, or intended. Investors are
cautioned against undue reliance on forward -looking statements or information. These forward -looking
statements are made as of the date hereof and, except as required under app licable securities legislation,
the Company does not assume any obligation to update or revise them to reflect new events or
circumstances.