KINGFISHER METALS CORP - KGFMF STOCK NEWS

Kingfisher Metals has identified six new drill-ready porphyry copper-gold targets at its HWY 37 Project in British Columbia's Golden Triangle. The targets were generated from their 2024 field program, which included IP surveys totaling 14.14-line km. The most significant target is at the Williams deposit, featuring a chargeability anomaly measuring 2200m by 1500m to depths over 1000m, with historical intercepts up to 0.33% Cu and 0.39 g/t Au over 347m. Other notable targets include the Lower Hank, Upper Hank, ME, Mary, and Cliff porphyry targets, each showing promising chargeability anomalies and mineralization potential.

Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OTCQB:KGFMF) has completed its 2024 exploration program at the HWY 37 and LGM projects in British Columbia's Golden Triangle. The program included:

- 14.14 line km of IP surveys at Mary-ME porphyry and Hank-Williams porphyry-epithermal areas
- Mapping of multiple targets including Mary, ME, Hank, Williams, Rainbow, Ridge, Goat, and Grizzly
- Addition of Dr. Stephanie Sykora, a porphyry-epithermal expert, to the technical advisory board
- Review of historical drill core from Mary, Rainbow, Hank, and Williams zones

The company collected 214 rock samples and 296 geological field stations. A planned ZTEM survey was delayed but is expected to begin soon. The BC Geological Survey also conducted a week-long porphyry research initiative on site.

Kingfisher Metals has completed its acquisition of the LGM Project from Origen Resources, as initially announced in June 2024. The transaction involved Kingfisher issuing 3,000,000 shares and paying C$75,000 to Origen. The LGM Project, spanning 26,771 hectares, expands Kingfisher's holdings in British Columbia's Golden Triangle from 362 km² to 630 km². The acquisition includes targets akin to KSM in the west and Galore Creek in the central region, with unexplored Eskay Creek-type stratigraphy to the east. Notable highlights include historical trench sampling at the Grizzly Target, which yielded 0.74% Cu and 1.09 g/t Au over 38 meters. Additionally, stream sampling at Lucifer identified a 4 km-long trend with samples grading up to 7.8 g/t Au. The LGM Project is fully permitted for diamond drilling and holds significant discovery potential for Galore Creek-type porphyry systems.

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In the latest installment, CEO.CA interviewed Dean Skurka of WonderFi Technologies, Thomas Abraham-James of Pulsar Helium, Mark Selby of Canada Nickel, and Dustin Perry of Kingfisher Metals. These discussions provide valuable insights into the strategies, challenges, and visions of these junior mining companies.

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Kingfisher Metals has announced the commencement of its 2024 phase 1 exploration at the HWY 37, LGM, and Thibert projects in British Columbia. The exploration includes a 1158 line-km ZTEM airborne geophysical survey starting in late June, VRIFY AI machine learning applications, and follow-up mapping and IP surveys at the HWY 37 and LGM projects. A soil and till sampling campaign will be conducted at the Thibert Project. The company's CEO, Dustin Perry, emphasized the goal of identifying new porphyry centers and high-grade mineral targets. Historical data highlights significant mineralization at these projects, with promising intercepts of copper and gold.

Kingfisher Metals has signed a definitive agreement to acquire the LGM Project in British Columbia's Golden Triangle from Origen Resources. This acquisition expands Kingfisher's holdings in the region from 362 km² to 630 km². The LGM Project features multiple exploration targets, including KSM-type, Galore Creek-type, and Eskay Creek-type systems. Historical sampling at the Grizzly and Lucifer targets indicates significant mineralization potential, with trench samples at Grizzly showing 0.74% Cu and 1.09 g/t Au over 38 meters. The project is fully permitted for diamond drilling. The acquisition will be executed through issuing 3,000,000 Kingfisher shares and paying C$75,000 in cash to Origen. The transaction is pending approval from TSX-V and CSE.

Kingfisher Metals announced the closure of the final tranche of its private placement, raising a total of C$2,108,462.08. This includes the second tranche, which issued 6,869,998 units at C$0.175 per unit for C$1,202,249.65. The first tranche raised C$1,108,116. Each unit consists of one common share and one-half of one transferable common share purchase warrant, exercisable at C$0.30 for 24 months. Commissions were paid to an eligible finder, including a cash commission of C$630.00 and 3,600 finder warrants. Crescat Portfolio Management, an insider, participated in the second tranche, making the transaction a related party transaction exempt from formal valuation and minority shareholder approval requirements.

Kingfisher Metals Corp. (KGFMF) has closed the first tranche of its private placement financing, raising C$906,212.43 via 4,521,214 units at $0.175 per unit and 511,111 flow-through units at $0.225 per unit. Each unit includes one common share and half a warrant, while each flow-through unit consists of one flow-through share and half a non-flow-through warrant. Warrants can be exercised within 24 months at $0.30. The funds will be used for Canadian exploration expenses. A final tranche, aiming to raise an additional C$1,093,787.57, is expected to close in May 2024. Insider participation includes CEO Dustin Perry and other directors. The offering is subject to regulatory approvals and a four-month hold period.