Mr. Dustin Perry reports
KINGFISHER SUCCESSFULLY CONCLUDES DIAMOND DRILLING PROGRAM AT THE GOLDRANGE PROJECT
Kingfisher Metals Corp. has provided an update on diamond drilling at the Goldrange project as the company awaits analytical results. Goldrange is located approximately 25 kilometres south of the town of Tatla Lake in southwestern British Columbia.
The initial diamond drill program has been completed and consisted of 4,925.3 metres over 14 drill holes. Diamond drilling tested the Cloud Drifter trend, which is defined by a three km long gold-in-soil anomaly including 50 samples over one g/t Au and rock samples with grades up to 128.9 g/t Au. Outside of the Cloud Drifter trend, regional exploration consisted of rock, stream and soil sampling across the 367-square-kilometre Goldrange project.
Highlights:
The initial drill program at the Goldrange project has been completed with 4,925.2 m over 14 drill holes.Drilling revealed a broad hydrothermal system cored by sulphide-rich veins and breccias closely linked to plutonic contact zones.Approximately 500 metres of the about 3,000 m Cloud Drifter trend were tested in this initial drill program.
Dustin Perry, chief executive officer of Kingfisher, stated: "I am happy to report that we have successfully concluded the first-ever diamond drill program at the Goldrange project. Our exploration crew has demobilized from the project after completing 14 drill holes over 4,925.3 m. Drilling consistently encountered broad zones of hydrothermal alteration accompanied by sulphide-bearing veins and breccias. Once assays are received, we will begin 3-D modelling of auriferous structural corridors. This work will guide us in our 2022 drill program and help us further unlock the potential of the highly prospective Cloud Drifter trend."
The Goldrange project covers a significant deformation zone with numerous precious metal veins across the project. Mineralization at Goldrange occurs within the orogenic Yalakom gold belt, which is host to the Bridge River district that includes the formerly producing Bralorne mine. Several areas of historical hand mining are located within the project and date back to the 1930s.
Diamond drilling update
Diamond drilling at the Cloud Drifter trend has been completed over 14 drill holes totalling 4,925.3 m. An image on the company's website outlines all diamond drilling completed in 2021.
Mineralization encountered includes broad intercepts of quartz-carbonate-sulphide veins and halo alteration of quartz-sulphide-carbonate-sericite clay. Bedrock mapping completed in 2020 was based on limited outcrop data but was corroborated through diamond drilling and remains relatively unchanged. An image on the company's website contains updated bedrock geology adjusted based on 3-D models of lithological units and faults identified in drill core logging. Drill core logging included oriented core measurements, which will aid future 3-D modelling of the Cloud Drifter trend that will take place prior to drilling in 2022.
A variety of vein, breccia and alteration styles was encountered in the initial drill program. Vein textures include laminated, shear banded, cataclastic and open space fill. Sulphide minerals range from multicentimetre-size crystals to very fine sooty laminations. The largest quartz vein intercepted in the program was 11.2 m in drill core from hole GR21-014. Quartz-sulphide stockwork is associated with broad, coalesced halo alteration and disseminated sulphide in the halo. Breccia textures range from diffuse to brittle clast boundaries, clast types include both diorite and sulphide in a cement of quartz-carbonate-sulphide. Disseminated mineralization is widespread with variable abundance throughout silica-rich alteration zones.
The final drill hole summaries from the 2021 drill program are included below. Previously announced drill hole summaries were included within the Aug. 9, 2021, and Sept. 2, 2021, releases. The company is awaiting analytical results for the 2021 drill program and they will be released to the market as they become available.
Hole descriptions
GR21-009
GR21-009 collars from the same pad as GR21-008. The drill hole intersected siltstone and volcaniclastic sandstone and conglomerate to a depth of 74.2 metres. Veins within this upper interval are associated with quartz-carbonate alteration and variably oxidized pyrite, pyrrhotite and chalcopyrite. A mixed unit of diorite, siltstone and volcaniclastic sandstone to conglomerate was intersected from 64.7 m to a final depth of 331.0 m. This lower interval is overprinted by broad zones of quartz-carbonate-sericite-clay-sulphide veining and halo alteration. Sulphide minerals within the veins and halos include arsenopyrite, pyrite, chalcopyrite and pyrrhotite. Semi-massive to vein-hosted pyrite, pyrrhotite and arsenopyrite were intersected between 175.0 and 178.0 m in brecciated diorite.
GR21-010
GR21-010 collars 170 m grid southeast of GR21-008 and 009. The drill hole intersected blocky siltstone and volcaniclastic sandstone and conglomerate to a depth of 23.5 m. Veins within this upper interval are associated with quartz-carbonate alteration and pyrite, pyrrhotite and chalcopyrite. Vein and breccia-hosted sulphide comprising pyrite, arsenopyrite and chalcopyrite was intersected in brecciated sediments between 13.0 m and 16.0 m. A mixed unit of diorite, siltstone and volcaniclastic sandstone to conglomerate was intersected from 23.5 m to a final depth of 577.0 m. The lower interval is overprinted by broad zones of quartz-carbonate-sericite-clay-sulphide veining and halo alteration. Sulphide minerals within the veins and halos include arsenopyrite, pyrite, chalcopyrite and pyrrhotite.
GR21-011
GR21-011 collars from the same pad as GR21-010. The drill hole intersected siltstone and volcaniclastic sandstone and conglomerate to a depth of 31.0 m. Sulphide within this upper interval are oxidized and associated with quartz-carbonate alteration and pyrite, pyrrhotite and chalcopyrite mineralization. A mixed unit of diorite, siltstone and volcaniclastic sandstone to conglomerate was intersected from 31.0 m to a final depth of 319.0 m. The lower diorite interval is overprinted by broad zones of quartz-carbonate-sericite-clay-sulphide veining and halo alteration. Sulphide minerals within the veins and halos include arsenopyrite, pyrite, chalcopyrite, boulangerite, sphalerite and pyrrhotite.
GR21-012
GR21-012 collars 350 m grid north of GR21-010 and GR21-011. The drill hole intersected blocky and broken siltstone and volcaniclastic sandstone and conglomerate to a depth of 60.1 m. Veins within this upper interval are associated with quartz-carbonate alteration and sulphides are oxidized to red-orange limonite. A mixed unit of quartz diorite and siltstone was intersected from 60.1 m to a final depth of 233.1 m. The quartz diorite interval is overprinted by broad zones of quartz-carbonate-sericite-clay-sulphide veining and halo alteration. Sulphide minerals within the veins and halos include arsenopyrite, pyrite, chalcopyrite and pyrrhotite.
GR21-013
GR21-013 collars from the same pad as GR21-011. The drill hole intersected blocky and broken siltstone and volcaniclastic sandstone and conglomerate to a depth of 66.4 m. Veins within this upper interval are associated with quartz-carbonate alteration and sulphides are oxidized to red-orange limonite. A mixed unit of quartz diorite and siltstone was intersected from 66.4 m to a final depth of 256.0 m. The quartz diorite interval is overprinted by thin zones of quartz-carbonate-sericite-clay-sulphide veining and halo alteration. Sulphide minerals within the veins and halos include arsenopyrite, pyrite, chalcopyrite, sphalerite and pyrrhotite.
GR21-014
GR21-014 collars from the same pad as GR21-011 and GR21-012. The drill hole intersected highly fractured siltstone and volcaniclastic sandstone and conglomerate to a depth of 65.1 m. Veins within this upper interval are associated with quartz-carbonate alteration and sulphides are oxidized to red-orange limonite. A mixed unit of quartz diorite and siltstone was intersected from 65.1 m to a final depth of 250.8 m. The lower quartz diorite interval is overprinted by thin zones of quartz-carbonate-sericite-clay-sulphide veining and halo alteration. Sulphide minerals within the veins and halos include arsenopyrite, pyrite, chalcopyrite and pyrrhotite. One vein intercepted measured 11.2 m in drill core contained quartz, pyrite and coarse molybdenite between 172.0 m and 183.2. The footwall selvage to this vein contained disseminated arsenopyrite replacements after mafic minerals.
Qualified person
Dustin Perry, PGeo, Kingfisher's chief executive officer, 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 is a Canada-based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100-per-cent-owned district-scale projects that offer potential exposure to high-grade gold, copper, silver and zinc.
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