Kingfisher Metal Stock Price, News & Analysis

Kingfisher Metals Corp. held its annual general meeting (AGM) on December 15, 2022, in Vancouver. Shareholders successfully voted to elect all five director nominees from the management circular dated November 17, 2022. Election results showed high approval rates, with the highest at 99.97% for Chris Beltgens. De Visser Gray LLP was reappointed as the auditor, and a stock option plan was approved with 99.95% support. The company, focused on exploration in British Columbia, currently has 103,057,272 shares outstanding.

On November 9, 2022, Kingfisher Metals Corp. announced promising results from rotary air blast drilling and geophysical surveys at its 511 km2 Goldrange Project in British Columbia. Highlights include significant gold intercepts, such as 2.7 g/t Au over 4.6 m and a notable discovery of high-grade gold at 49.8 g/t Au in nearby outcrops. The geophysical survey revealed multiple conductive and chargeability anomalies, indicating potential large gold systems. CEO Dustin Perry noted the open-ended nature of gold anomalism and the need for further exploration.

Kingfisher Metals Corp. has released promising initial drill results from its Goldrange Project in British Columbia. Highlights include 2.86 g/t Au over 40 m and 58.88 g/t Au over 1 m. The drilling program targets structural corridors within the Cloud Drifter Trend, with ongoing work showing the robust gold system present. A total of 27 drill holes have been completed, with additional results pending, indicating continued exploration potential.

Kingfisher Metals Corp. (OTCQB:KGFMF) has announced significant progress in diamond drilling at its Goldrange Project in British Columbia. A total of 11 drill holes covering 2,427 meters have been completed, revealing various mineralization types across multiple target areas. Notably, the Eastern Target Area showed promising mineral grades up to 9.7 g/t Au, while the Pad 400 Target Area confirmed high-density quartz-sulfide veins. Management expresses optimism regarding upcoming assays and future drilling plans to explore these areas further.

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.