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Kingfisher Signs Definitive Agreement to Acquire the Ball Creek West (BAM) Project
Creates Largest Contiguous Project (HWY 37) Held by a Non-Producing Company in the Golden Triangl...
About this update from Kingfisher Metals Corp
[{"type":"text","content":"Kingfisher Signs Definitive Agreement to Acquire the Ball Creek West (BAM) ProjectCreates Largest Contiguous Project (HWY 37) Held by a Non-Producing Company in the Golden Triangle, BC VANCOUVER, BC / ACCESSWIRE / December 5, 2024 / Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OTCQB:KGFMF) (\"Kingfisher\" or the \"Company\") is pleased to announce that it has entered into a definitive agreement dated December 4, 2024 (the \"Agreement\") to acquire the Ball Creek West project (the \"BAM Project\") from P2 Gold Inc. (\"P2 Gold\") (the \"Transaction\"). The BAM Project comprises 54 claims totalling 18,893 hectares and is located immediately west and contiguous with Kingfisher's HWY 37 Project, in Northwest British Columbia within the Golden Triangle.The Transaction will bring the 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 is highly prospective for Cu-Au porphyry systems with three grassroots, large-scale target areas: Northmore, Mess Creek, and Hickman.Consolidation of the Golden TriangleThe Golden Triangle is the most endowed region in Canada for large Cu-Au porphyry systems where neighbouring major miners Teck and Newmont hold Red Chris, Galore Creek, and Schaft CreekKingfisher entered the Golden Triangle in 2023 and has rapidly consolidated the largest contiguous non-producer held project in the region with 819 km2The addition of three large-scale porphyry Cu-Au targets furthers the strategy of positioning Kingfisher as the premier Cu-Au explorer in the regionNew tenure addition of 189 km2 is fully assessed with no holding costs until 2032Dustin Perry, CEO states \"Since we shifted our exploration focus to the Golden Triangle, we have taken a two-pronged approach of regional consolidation and systematic exploration. This acquisition marks a significant step in elevating the Company to having the largest contiguous project held by a non-producing company in the Golden Triangle. We see the Northmore, Mess Creek, and Hickman targets as having the hallmarks of large Cu-Au±Mo porphyry systems similar in scale to the targets we have identified to date. This acquisition further increases our pipeline of highly prospective targets in the most prospective porphyry region in Canada. This acquisition provides optionality to the ...