Kingfisher Continues to Expand its Consolidated HWY 37 Project in the Golden Triangle with the Closing of the Hickman Project Acquisition
Kingfisher Metals Corp. (TSX-V:KFR, OTCQB:KGFMF) has completed the acquisition of the Hickman Project from Golden Ridge Resources The transaction involves issuing 256,410 Kingfisher common shares and granting a 2% net smelter return royalty (NSR) to Golden Ridge, with Kingfisher retaining the right to buy back 1% of the NSR for C$5,000,000.
The Hickman Project consists of two claims totaling 3,008 hectares adjacent to Kingfisher's HWY 37 Project in British Columbia's Golden Triangle. The acquisition expands the consolidated HWY 37 Project to 849 km². The project shows promising potential for Cu-Au porphyry systems, with recent rock sampling from 2019 yielding up to 5.3% Cu and 0.28 g/t Au at the undrilled Hickman Target, which spans 5 km and is located 6 km from the Schaft Creek deposit.
Kingfisher Metals Corp. (TSX-V:KFR, OTCQB:KGFMF) ha completato l'acquisizione del Hickman Project da Golden Ridge Resources. La transazione prevede l'emissione di 256.410 azioni ordinarie di Kingfisher e la concessione di una royalty del 2% sul ritorno della fusione netta (NSR) a Golden Ridge, con Kingfisher che mantiene il diritto di riacquistare l'1% della NSR per C$5.000.000.
Il Hickman Project consiste in due concessioni che coprono un totale di 3.008 ettari adiacenti al progetto HWY 37 di Kingfisher nel Golden Triangle della Columbia Britannica. L'acquisizione espande il progetto consolidato HWY 37 a 849 km². Il progetto mostra un potenziale promettente per i sistemi porfirici Cu-Au, con recenti campionamenti di roccia del 2019 che hanno riportato fino a 5,3% Cu e 0,28 g/t Au presso l'obiettivo Hickman non perforato, che si estende per 5 km ed è situato a 6 km dal deposito di Schaft Creek.
Kingfisher Metals Corp. (TSX-V:KFR, OTCQB:KGFMF) ha completado la adquisición del Hickman Project de Golden Ridge Resources. La transacción implica la emisión de 256,410 acciones ordinarias de Kingfisher y la concesión de una regalía del 2% sobre el retorno neto de fundición (NSR) a Golden Ridge, con Kingfisher manteniendo el derecho a recomprar el 1% del NSR por C$5,000,000.
El Hickman Project consiste en dos concesiones que suman un total de 3,008 hectáreas adyacentes al proyecto HWY 37 de Kingfisher en el Triángulo Dorado de Columbia Británica. La adquisición expande el proyecto consolidado HWY 37 a 849 km². El proyecto muestra un potencial prometedor para sistemas porfiríticos Cu-Au, con muestreos de roca recientes de 2019 que arrojaron hasta 5.3% Cu y 0.28 g/t Au en el objetivo Hickman no perforado, que se extiende por 5 km y se encuentra a 6 km del depósito de Schaft Creek.
킹피셔 메탈스 코퍼레이션 (TSX-V:KFR, OTCQB:KGFMF)가 골든 리지 리소스(Golden Ridge Resources)로부터 히크먼 프로젝트를 인수 완료했습니다. 이번 거래는 킹피셔의 보통주 256,410주를 발행하고, 골든 리지에 2%의 순광산 수익 로열티(NSR)를 부여하는 내용을 포함하며, 킹피셔는 NSR의 1%를 C$5,000,000에 재매입할 권리를 보유합니다.
히크먼 프로젝트는 킹피셔의 HWY 37 프로젝트와 인접한 3,008 헥타르의 두 개의 클레임으로 구성되어 있습니다. 이번 인수로 통합된 HWY 37 프로젝트는 849 km²로 확장됩니다. 이 프로젝트는 Cu-Au 포르피리 시스템에 대한 유망한 잠재력을 보여주며, 2019년의 최근 암석 샘플링에서는 비드릴링된 히크먼 타겟에서 최대 5.3% Cu 및 0.28 g/t Au를 기록했습니다. 이 타겟은 5km에 걸쳐 있으며 샤프트 크릭(Schaft Creek) 매장지에서 6km 떨어져 있습니다.
Kingfisher Metals Corp. (TSX-V:KFR, OTCQB:KGFMF) a finalisé l'acquisition du Hickman Project auprès de Golden Ridge Resources. La transaction implique l'émission de 256 410 actions ordinaires de Kingfisher et l'octroi d'une redevance de 2 % sur le retour net de fusion (NSR) à Golden Ridge, Kingfisher conservant le droit de racheter 1 % du NSR pour 5 000 000 C$.
Le Hickman Project se compose de deux claims totalisant 3 008 hectares adjacents au projet HWY 37 de Kingfisher dans le Golden Triangle de la Colombie-Britannique. L'acquisition élargit le projet consolidé HWY 37 à 849 km². Le projet montre un potentiel prometteur pour des systèmes porphyriques Cu-Au, avec des échantillons de roche récents de 2019 montrant jusqu'à 5,3 % Cu et 0,28 g/t Au à l'objectif Hickman non foré, qui s'étend sur 5 km et se trouve à 6 km du dépôt de Schaft Creek.
Kingfisher Metals Corp. (TSX-V:KFR, OTCQB:KGFMF) hat die Übernahme des Hickman Projects von Golden Ridge Resources abgeschlossen. Die Transaktion umfasst die Ausgabe von 256.410 Stammaktien von Kingfisher und die Gewährung einer 2%igen Nettoschmelz-Rückvergütungsroyalty (NSR) an Golden Ridge, wobei Kingfisher das Recht behält, 1% der NSR für C$5.000.000 zurückzukaufen.
Das Hickman Project besteht aus zwei Ansprüchen mit einer Gesamtfläche von 3.008 Hektar, die an das HWY 37 Projekt von Kingfisher in British Columbia's Golden Triangle angrenzen. Die Übernahme erweitert das konsolidierte HWY 37 Projekt auf 849 km². Das Projekt zeigt vielversprechendes Potenzial für Cu-Au-Porphyr-Systeme, wobei aktuelle Gesteinsproben aus dem Jahr 2019 bis zu 5,3% Cu und 0,28 g/t Au im unerschlossenen Hickman-Ziel ergaben, das sich über 5 km erstreckt und 6 km vom Schaft Creek-Vorkommen entfernt liegt.
- Expansion of land position to 849 km² in strategic Golden Triangle location
- High-grade copper samples of up to 5.3% Cu from 2019 exploration
- Project located just 6 km from Schaft Creek deposit
- Option to buy back 1% of NSR royalty
- Share dilution through issuance of 256,410 new shares
- 2% NSR royalty obligation on most of the acquired property
- C$5,000,000 cost to reduce NSR by 1%
VANCOUVER, BC / ACCESS Newswire / February 20, 2025 / Kingfisher Metals Corp. (TSX-V:KFR)(FSE:970)(OTCQB:KGFMF) ("Kingfisher" or the "Company") is pleased to announce that it has closed the acquisition of the Hickman project (the "Hickman Project") from Golden Ridge Resources Ltd. ("Golden Ridge") (the "Transaction"), which was previously announced on February 6, 2025.
Under the terms of the definitive agreement, the Company issued 256,410 common shares in the capital of Kingfisher to Golden Ridge and granted a
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
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 849 km2 HWY 37 Project. Kingfisher also owns (
For further information, please contact:
Dustin Perry, P.Geo.
CEO and Director
Phone: +1 778 606 2507
E-Mail: info@kingfishermetals.com
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, or 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.
SOURCE: Kingfisher Metals Corp.
View the original press release on ACCESS Newswire
FAQ
What are the terms of Kingfisher's Hickman Project acquisition (KGFMF)?
What is the size of the Hickman Project acquired by Kingfisher (KGFMF)?
What are the recent exploration results from the Hickman Project (KGFMF)?
How far is Kingfisher's Hickman Project from the Schaft Creek deposit?
What is the buyback option for the NSR royalty on KGFMF's Hickman Project?
