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Kingfisher Metals Corp. reports exploration and corporate developments for a Canadian mineral explorer focused on copper-gold systems in British Columbia's Golden Triangle. The company's project base includes the 933 km² HWY 37 Project and the 202 km² Forrest Kerr Project, along with two wholly owned district-scale orogenic gold projects in British Columbia.
Recurring news for Kingfisher Metals includes diamond drilling programs, porphyry copper-gold target definition, geophysical surveys, geochronology results, and updates from the Hank-Mary district and Hank discovery area. Company releases also cover exploration financing, bought deal private placements, board appointments, and governance topics tied to Indigenous engagement, environmental assessment, permitting, and resource-sector regulation.
Kingfisher Metals Corp. (KGFMF) has completed the acquisition of the Ball Creek West (BAM) Project from P2 Gold Inc. The transaction involved issuing 1,515,151 common shares and paying C$950,000 in cash. The BAM Project, comprising 54 claims over 18,893 hectares, is located in British Columbia's Golden Triangle and is adjacent to Kingfisher's HWY 37 Project.
The acquisition expands Kingfisher's consolidated HWY 37 Project to 819 km², making it the largest contiguous project held by a non-producing company in the Golden Triangle. The BAM Project includes three grassroots, large-scale target areas: Northmore, Mess Creek, and Hickman, and is considered highly prospective for Cu-Au porphyry systems.
The project is subject to royalty agreements including a 1% net smelter return to Evrim Exploration Canada Corp. and a 2% net smelter return to Sandstorm Gold , with provisions for buydown and milestone payments up to C$4,100,000.
Kingfisher Metals (TSX-V:KFR, OTCQB:KGFMF) has appointed Tyler Caswell as Vice President of Exploration. Caswell, a professional geologist with over 20 years of experience, previously held the same position at NorthWest Copper where he led successful discovery teams at the Stardust Project (2.51% copper, 3.03 g/t gold, 52.5 g/t silver over 100.0 meters) and Kwanika Project (2.00% copper, 1.21 g/t gold, 5.3 g/t silver over 235.45 meters).
This appointment allows former VP of Exploration Gayle Febbo to transition to Chief Geologist, focusing on geoscience and drill targeting across the company's 819 km² tenure in the Golden Triangle. The company has also granted 1,850,000 stock options to directors, officers, and staff, exercisable for five years at C$0.17 per share.
Kingfisher Metals Corp (TSX-V:KFR, OTCQB:KGFMF) has successfully closed an upsized non-brokered private placement, raising C$1,894,535 through the issuance of 11,482,030 units at C$0.165 per unit. Each unit includes one common share and half a warrant, with whole warrants exercisable at C$0.30 for 24 months.
The company paid C$4,410 in cash commissions and issued 26,726 finder warrants to eligible finders. Several insiders participated in the offering, including CEO Dustin Perry (121,212 units), DCJL Management (30,303 units), Alejandro Emiliano Gubbins Cox (1,818,182 units), Crescat Portfolio Management (606,060 units), and Stichting Depositary Plethora Precious Metals Fund (750,000 units).
Kingfisher Metals (TSX-V:KFR, OTCQB:KGFMF) has announced an increase to its previously announced non-brokered private placement due to high demand. The company will now raise up to $1,850,000 through the offering of units priced at $0.165 each.
Each unit consists of one common share and one-half of a transferable common share purchase warrant. Each whole warrant can be exercised at $0.30 per share for a 24-month period following the closing date.
The proceeds will be used to expand Kingfisher's business operations, including the acquisition of the Ball Creek West project from P2 Gold Inc., and for general working capital purposes.
Kingfisher Metals (TSXV:KFR)(OTCQB:KGFMF) has announced an increase to its previously announced non-brokered private placement due to high demand. The company will now raise up to $1,750,000 through the offering of units priced at $0.165 per unit. Each unit consists of one common share and one-half of a transferable common share purchase warrant. Each whole warrant will be exercisable at $0.30 for 24 months from the closing date.
The proceeds will be used to expand Kingfisher's business operations, including the acquisition of the Ball Creek West project from P2 Gold Inc., and for general working capital purposes.
Kingfisher Metals Corp (TSXV:KFR)(OTCQB:KGFMF) has announced a non-brokered private placement offering to raise up to $1.25 million through the sale of units at $0.165 per unit. Each unit comprises one common share and one-half of a transferable share purchase warrant. Each whole warrant can be exercised at $0.30 per share within 24 months of closing.
The proceeds will fund the company's expansion, including the acquisition of the Ball Creek West project from P2 Gold Inc., and general working capital. The offering is subject to regulatory approvals, including TSXV acceptance, and securities will have a four-month hold period. Arm's-length parties may receive finder's fees subject to TSXV approval.
Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OTCQB:KGFMF) held its annual general meeting of shareholders on December 4, 2024, in Vancouver, British Columbia. Shareholders approved the following key items: fixing the number of directors at six, electing all five nominees as directors, appointing De Visser Gray LLP as the company's auditor, and approving the company's stock option plan. The meeting's decisions were based on the Management Information Circular dated November 4, 2024, which is available on SEDAR+.
Kingfisher Metals has signed a definitive agreement to acquire the Ball Creek West (BAM) Project from P2 Gold, comprising 54 claims totaling 18,893 hectares in British Columbia's Golden Triangle. The transaction will create the largest contiguous project (819 km²) held by a non-producing company in the region.
The acquisition includes three grassroots, large-scale target areas: Northmore, Mess Creek, and Hickman, which are prospective for Cu-Au porphyry systems. The purchase price includes C$250,000 in shares at C$0.165 per share and C$1,000,000 in cash. The deal is expected to close around February 28, 2025.
The BAM Project tenures are in good standing until 2032, requiring no immediate work commitments. This allows Kingfisher to prioritize drilling on more advanced targets while systematically exploring the new areas.
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.