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Kingfisher Highlights High-Grade Gold Potential at Thibert Project with Airborne Geophysical and Property-Wide Stream Sediment Surveys Returning Anomalies up to 1535.5 ppb Gold
VANCOUVER, BC / ACCESSWIRE / March 29, 2022 / Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OT...
About this update from Kingfisher Metals Corp
[{"type":"text","content":"Kingfisher Highlights High-Grade Gold Potential at Thibert Project with Airborne Geophysical and Property-Wide Stream Sediment Surveys Returning Anomalies up to 1535.5 ppb GoldVANCOUVER, BC / ACCESSWIRE / March 29, 2022 / Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OTCQB:KGFMF) (\"Kingfisher\" or the \"Company\") announces results from its 100% owned Thibert Project. Thibert is located 50 km north-northwest of the town of Dease Lake and west of the Stewart-Cassiar Highway 37, British Columbia.HighlightsThe 130 km2 Thibert Project has seen placer gold production since the 1870s with ~200,000 oz of gold production within the Thibert-Dease Placer Camp. Placer gold is typically sourced from nuggety high grade gold in veins.Kingfisher completed a property-wide (688-line km) airborne magnetic and radiometric survey which highlights the northwest trending crustal scale Thibert Shear Zone as well as easterly and northerly trending cross structures which may be responsible for gold mineralization.Property-wide stream sediment sampling (n = 103) was completed to infill gaps in historical and government RGS sampling.Stream sediment sampling identified highly anomalous streams up to 1535.5 ppb Au (1.53 g/t Au) in the headwaters of two placer bearing streams.Highly anomalous stream sediments (26.9 and 243.3 ppb Au) from an area with no placer production identifies a new area prospective for bedrock hosted gold.The Company is operating under a communications agreement with the Tahltan Central Council and intends to renew the agreement this spring.\"Although Goldrange remains our near-term priority, we are very encouraged by the prospectivity of the Thibert Project. The geological, geochemical, and geophysical signatures of this historical placer camp support our hypothesis that Thibert has the potential to host significant orogenic gold systems. This, coupled with historical placer gold production and anecdotal highlights, increases our confidence in this exciting project.\" Stated Dustin Perry, CEO, who explains the contents of this release in more detail in video format.The 130 km2 Thibert Project covers an area of significant historical and contemporary placer gold production from Thibert Creek and several tributaries for which the bedrock source has not yet been discovered. The majority of placer production from Thibert and its tributarie...