Kingfisher Signs Definitive Agreement to Acquire the Hickman Project
Kingfisher Signs Definitive Agreement to Acquire the Hickman Project
VANCOUVER, British Columbia, February 6, 2025 – Kingfisher Metals Corp. (TSX -V: KFR) (FSE: 970)
(OTCQB: KGFMF) (“ Kingfisher” or the “ Company”) is pleased to announce that it has entered into a
definitive agreement dated February 5, 2025 (the “ Agreement”), to acquire the Hickman project (the
“Hickman Project”) from Golden Ridge Resources Ltd. (“Golden Ridge”) (the “Transaction”).
Overview
The Hickman Project is comprised of two claims totalling 3,008 hectares and is located immediately west
and contiguous with Kingfisher’s HWY 37 Project in Northwest British Columbia within the Golden Triangle.
The Hickman Project is highly prospective for Cu-Au porphyry systems and hosts an undrilled copper-gold
geochemical anomaly at the Hickman Target that includes recent (2019) rock sampling results of up to
5.3% Cu and 0.28 g/t Au . This accretive acquisition secures the full extent of the open -ended Hickman
Target that spans 5 km and is located 6 km away from the Schaft Creek deposit. The Transaction will bring
the consolidated HWY 37 Project to 849 km2.
Figure 1: HWY 37 Project and Contiguous Hickman Project
Figure 2: Hickman Grassroots Target
Transaction Details
Under the terms of the Agreement, the Company will issue common shares to Golden Ridge with an
aggregate value of C$50,000 priced at C$ 0.195 per share, and the Company will grant a 2% net smelter
return royalty (the “NSR”) to Golden Ridge. The Company will have the right to buy back 1% of the NSR
for C$5,000,000 at any time. The NSR covers the entirety of the Hickman Project except for the portion of
the mineral claims that fall within a 1 km radius of the HWY 37 Project. The excluded portion of the mineral
claims are covered under the net smelter return royalty agreement that pertains to the Company’s Ball
Creek West (BAM) project. The Transaction remains subject to the approval of the TSX Venture Exchange.
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 copper -gold exploration in the Golden Triangle, British Columbia. The Company has quickly
consolidated one of the largest land positions in the region at the contiguous 819 km2 HWY 37 Project.
Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km2.
The Company currently has 56,198,734 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 statements that constitute “forward -looking statements.” Such
forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the
Company's actual results, performance or achievements, o r developments to differ materially from the anticipated
results, performance or achievements expressed or implied by such forward -looking statements. Forward -looking
statements are statements that are not historical facts and are generally, but not always, identified by the words
“expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that
events or conditions “will,” “would,” “may,” “could” or “should” occur.
The forward-looking information contained in this news release represents the expectations of the Company as of the
date of this news release and, accordingly, is subject to change after such date. Readers should not place undue
importance on forward-looking information and should not rely upon this information as of any other date. The Company
undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates
or opinions, or other factors, should change.