Kingfisher Signs Definitive Agreement to Acquire the Hickman Project
Kingfisher Metals Corp. (KGFMF) has signed a definitive agreement to acquire the Hickman Project from Golden Ridge Resources The project consists of two claims totaling 3,008 hectares and is located adjacent to Kingfisher's HWY 37 Project in Northwest British Columbia's Golden Triangle.
The Hickman Project shows high potential for Cu-Au porphyry systems and features an undrilled copper-gold geochemical anomaly at the Hickman Target, with recent rock sampling results showing up to 5.3% Cu and 0.28 g/t Au. The acquisition will expand the consolidated HWY 37 Project to 849 km².
Under the agreement terms, Kingfisher will issue shares valued at C$50,000 at C$0.195 per share and grant a 2% NSR to Golden Ridge, with an option to buy back 1% for C$5,000,000. The transaction is pending TSX Venture Exchange approval.
Kingfisher Metals Corp. (KGFMF) ha firmato un accordo definitivo per acquisire il Hickman Project da Golden Ridge Resources. Il progetto è composto da due concessioni per un totale di 3.008 ettari ed è situato adiacente al progetto HWY 37 di Kingfisher, nel Golden Triangle della Columbia Britannica settentrionale.
Il Hickman Project presenta un alto potenziale per sistemi porfirici di Cu-Au e mostra un'anomalia geochimica di rame-oro non perforata nel Target Hickman, con risultati recenti di campionamento di rocce che evidenziano fino al 5,3% di Cu e 0,28 g/t di Au. L'acquisizione espanderà il progetto HWY 37 consolidato a 849 km².
Secondo i termini dell'accordo, Kingfisher emetterà azioni del valore di C$50.000 a C$0,195 per azione e concederà un NSR del 2% a Golden Ridge, con un'opzione per riacquistare l'1% per C$5.000.000. La transazione è in attesa di approvazione da parte della TSX Venture Exchange.
Kingfisher Metals Corp. (KGFMF) ha firmado un acuerdo definitivo para adquirir el Hickman Project de Golden Ridge Resources. El proyecto consiste en dos concesiones que totalizan 3,008 hectáreas y se encuentra adyacente al proyecto HWY 37 de Kingfisher en el Golden Triangle de Columbia Británica del Norte.
El Hickman Project muestra un alto potencial para sistemas porfídicos de Cu-Au y presenta una anomalía geoquímica de cobre-oro no perforada en el Hickman Target, con resultados recientes de muestreo de rocas que indican hasta 5.3% de Cu y 0.28 g/t de Au. La adquisición expandirá el proyecto HWY 37 consolidado a 849 km².
Bajo los términos del acuerdo, Kingfisher emitirá acciones valoradas en C$50,000 a C$0.195 por acción y otorgará un 2% de NSR a Golden Ridge, con una opción para recomprar el 1% por C$5,000,000. La transacción está pendiente de aprobación de la TSX Venture Exchange.
킹피셔 메탈스 주식회사 (KGFMF)는 골든 리지 리소스로부터 히크만 프로젝트를 인수하기 위한 최종 계약을 체결했습니다. 이 프로젝트는 두 개의 청구권으로 구성되어 있으며 총 면적은 3,008헥타르로, 북부 브리티시컬럼비아의 골든 트라이앵글에 위치한 킹피셔의 HWY 37 프로젝트 인근에 있습니다.
히크만 프로젝트는 구리-금 포르피리 시스템에 대한 높은 잠재력을 보여주며, 히크만 타겟에서 드릴링되지 않은 구리-금 지구화학적 이상이 특징입니다. 최근 암석 샘플링 결과는 5.3% Cu 및 0.28 g/t Au까지 보여주고 있습니다. 이번 인수로 HWY 37 프로젝트의 통합 면적이 849 km²로 확대될 예정입니다.
계약 조건에 따라 킹피셔는 C$50,000 상당의 주식을 C$0.195에 발행하고, 골든 리지에 2% NSR을 부여하며, 1%를 C$5,000,000에 다시 살 수 있는 옵션을 부여합니다. 이 거래는 TSX 벤처 거래소의 승인을 기다리고 있습니다.
Kingfisher Metals Corp. (KGFMF) a signé un accord définitif pour acquérir le Hickman Project de Golden Ridge Resources. Le projet consiste en deux claims totalisant 3 008 hectares et est situé adjacent au projet HWY 37 de Kingfisher dans le Golden Triangle de la Colombie-Britannique nord-ouest.
Le Hickman Project présente un fort potentiel pour des systèmes porphyriques Cu-Au et possède une anomalie géochimique cuprifère-d'or non forée au niveau de la cible Hickman, avec des résultats d'échantillonnage rocheux récents montrant jusqu'à 5,3% Cu et 0,28 g/t Au. L'acquisition étendra le projet HWY 37 consolidé à 849 km².
Selon les conditions de l'accord, Kingfisher émettra des actions d'une valeur de 50 000 $ CA à 0,195 $ CA par action et accordera un NSR de 2% à Golden Ridge, avec une option pour racheter 1% pour 5 000 000 $. La transaction est en attente de l'approbation de la TSX Venture Exchange.
Kingfisher Metals Corp. (KGFMF) hat einen endgültigen Vertrag zur Übernahme des Hickman-Projekts von Golden Ridge Resources unterzeichnet. Das Projekt besteht aus zwei Ansprüchen mit einer Gesamtfläche von 3.008 Hektar und befindet sich angrenzend an Kingfishers HWY 37-Projekt im Golden Triangle von British Columbia im Nordwesten.
Das Hickman-Projekt zeigt ein hohes Potenzial für Cu-Au-Porphyrsysteme und weist ein unangebohrtes geochemisches Kupfer-Gold-Anomalie am Hickman-Ziel auf, wobei die jüngsten Felddaten Proben bis zu 5,3% Cu und 0,28 g/t Au zeigen. Die Akquisition wird das konsolidierte HWY 37-Projekt auf 849 km² erweitern.
Nach den Bedingungen des Vertrags wird Kingfisher Aktien im Wert von C$50.000 zu je C$0,195 ausgeben und Golden Ridge eine 2% NSR gewähren, mit der Option, 1% für C$5.000.000 zurückzukaufen. Die Transaktion steht noch unter dem Vorbehalt der Genehmigung durch die TSX Venture Exchange.
- Acquisition expands HWY 37 Project to 849 km²
- High-grade sampling results of 5.3% Cu and 0.28 g/t Au
- Strategic location adjacent to existing project in Golden Triangle
- Relatively low acquisition cost of C$50,000 in shares
- Additional 2% NSR royalty obligation
- C$5,000,000 cost to buy back 1% of NSR
- Project contains undrilled targets requiring exploration investment
VANCOUVER, BC / ACCESS Newswire / February 6, 2025 / Kingfisher Metals Corp. (TSXV: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
Transaction Details
Under the terms of the Agreement, the Company will issue common shares to Golden Ridge with an aggregate value of C
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 (
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
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