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Kingfisher Metals Corp. (KGFMF) is a Canadian exploration company focused on district-scale projects in British Columbia's Golden Triangle region. With a portfolio of projects offering exposure to gold, copper, silver, and zinc, Kingfisher has been making strides in the mining industry. Recent achievements include finalizing a non-brokered private placement for gross proceeds of up to $2 million. The Company has also announced a consolidation of its common shares, improving its market position. Kingfisher's commitment to exploration and discovery sets it apart in the mining sector.
Kingfisher Metals Corp. reported on July 12, 2022, the completion of 27 rotary air blast (RAB) drill holes at its 100% owned Goldrange Project in British Columbia, totaling 1,417.32 meters. The Day Trip Zone, located 5 km southeast of the Cloud Drifter Trend, showed promising signs of a significant hydrothermal system. Initial analyses highlighted a prospective area of approximately 275 m x 120 m, with samples submitted for gold analysis expected soon. CEO Dustin Perry stated that the findings suggest a larger hydrothermal footprint than previously anticipated.
Kingfisher Metals Corp. (OTCQB:KGFMF) has initiated a diamond drilling program at its 511 km2 Goldrange Project in British Columbia. The program includes up to 10,000 meters of drilling targeting high-grade gold zones, particularly in the Cloud Drifter Zone, where previous intercepts reached 73.4 g/t Au. The company plans to explore multiple target areas, including Day Trip, Langara, and Standard zones. Additionally, 2 million stock options were granted to enhance talent retention. CEO Dustin Perry emphasizes the exploration's potential for high-grade gold resources.
Kingfisher Metals Corp. has successfully closed its upsized private placement financing, securing approximately C$4.85 million from the issuance of 15.25 million charity flow-through units at C$0.28 each and 2.43 million flow-through units at C$0.24 each. The funds raised will support general exploration expenditures at the Goldrange Project in British Columbia. CEO Dustin Perry expressed satisfaction with the financing outcome as the company prepares for its 2022 drilling program. Notably, both CEO Perry and Alejandro Gubbins Cox participated in the offering, which qualified as a related party transaction.
Kingfisher Metals Corp. (OTCQB:KGFMF) has initiated a 35-day rotary air blast (RAB) drilling program at its Goldrange Project in British Columbia. The program targets the Day Trip, Langara, and Standard zones, where previous samples indicated significant gold, silver, and copper grades. Highlights include potential high-grade areas with gold values reaching 20.1 g/t. The company aims to utilize RAB drilling as a cost-effective method before proceeding to diamond drilling, planned to start in mid-June 2022.
Kingfisher Metals Corp. has announced an upsized non-brokered private placement, increasing gross proceeds from C$3 million to C$4.9 million due to strong investor demand. The offering, which includes charity flow-through units priced at C$0.28 and flow-through units at C$0.24, will issue up to 17,891,671 units. Proceeds will fund general exploration expenditures qualifying as Canadian exploration expenses. The closing is expected on or about June 7, 2022, pending TSX Venture Exchange approval.
Kingfisher Metals Corp. announced a non-brokered private placement to raise up to C$3 million through the sale of charity flow-through units at C$0.28 each and flow-through units at C$0.24 each. Each unit consists of one flow-through common share and half a non-flow-through common share purchase warrant, exercisable at C$0.35 for 24 months. The proceeds will be allocated to general exploration expenditures qualifying as Canadian exploration expenses. The offering, subject to regulatory approval, is expected to close around May 19, 2022.
Kingfisher Metals Corp. announced promising results from its Goldrange Project in British Columbia. Highlights include bonanza gold grades from two areas—Lotus and Lost Fiddle—with rock chip samples at Lotus returning up to 113.9 g/t Au and Lost Fiddle showing grades of 17.1 g/t Au, 431 g/t Ag, and 4.12% Cu. The project exhibits significant potential for future discoveries, with sampling revealing mineralization that remains open laterally and at depth. The company plans to amend its permit to facilitate further exploration efforts.
Kingfisher Metals Corp. announced assay results from the Langara Zone within the Goldrange Project, expanding the mineralized footprint to over 400 x 600 m and over 360 m vertical extent. Significant findings include high-grade gold mineralization, with rock chips grading up to 60.4 g/t Au and 38.6 g/t Au over a 1 m backpack drill. The Langara Zone will undergo drill testing in May to June 2022, targeting subsurface extensions of identified mineralization.
Kingfisher Metals Corp. (OTCQB: KGFMF) released assay results from seven drill holes of its 14-hole program on the Goldrange Project. The drilling revealed high-grade intersections, including 2 m of 18.69 g/t Au and 35.0 g/t Ag. The Cloud Drifter Trend shows potential with less than 10% drilled and mineralization over 550 m of vertical extent. The 2022 drilling will focus on high-grade structures and additional targets. A drill contract is in place for the anticipated mid-May 2022 campaign, aimed at expanding the gold system identified.
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