Kingfisher Announces Commencement of Drill Program at HWY 37 Project in the Golden Triangle, BC

VANCOUVER, BC / ACCESSWIRE / August 14, 2023 / Kingfisher Metals Corp. (TSX-V:KFR)(FSE:970)(OTCQB:KGFMF) ("Kingfisher" or the "Company") is pleased to announce diamond drilling has begun at the HWY 37 Project for the planned ~2500 m drill program. The project is located in Northwest British Columbia within the Golden Triangle.

Highlights

• Drill test of the Cliff porphyry target follows-up on untested significant stockwork on surface adjacent to a single historical drill hole that bottomed in 0.11 % Cu over 81 m (Hole BC06-01) in flanking alteration.
• Sampling by Kingfisher in 2023 returned 1.70% Cu from the Cliff porphyry stockwork body.
• First-ever test of Mary Root Zone target, a large alteration expression cored by a coincident chargeability-resistivity geophysical anomaly on trend with Cliff porphyry.
• Drilling south along trend from the Mary deposit targets open mineralization adjacent to hole BCK-MZ-19-01 with 0.48 g/t Au and 0.14% Cu over 291.5 m.

Dustin Perry, CEO states "We are beginning an exciting drill program at the relatively underexplored HWY 37 Project within the prolific Golden Triangle. This program is focused on new copper-rich porphyry discoveries with drilling at the untested Cliff stockwork body and the Mary Root Zone which are part of a large 6x6 km alteration zone that includes the Mary deposit. Drilling will also focus on expanding the footprint of the Mary deposit."

The ~2500 m diamond drill program at the HWY 37 Project is currently underway with initial drilling at the Cliff porphyry target. The drill contractor is Konaleen Drilling, a Tahltan based company.

Cliff Porphyry Drill Target

The Cliff porphyry is part of a ~4 km-long Cu-Au-Ag-Mo soil anomaly on trend with the Mary deposit and is the first drill target of the program. Two creek gullies in the core of the soil anomaly (Figure. 1) provide narrow exposures of copper-bearing stockwork. Mapping delineated a >200 m trace in the western gully and >100 m trace in the eastern creek. The stockwork body is host to 5-30% by volume veins of magnetic K-feldspar-biotite-magnetite-quartz-chalcopyrite-pyrite-galena. Kingfisher sampled the stockwork on surface (Sample C0144155, Figure 1) returning 1.70% Cu, 0.04 g/t Au, 26.93 g/t Ag, 58.4 ppm Mo. Historical rocks in the stockwork grade up to 0.7% Cu.