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Kingfisher Signs Definitive Agreement to Acquire the LGM Project in the Golden Triangle, British Columbia

VANCOUVER, BC / ACCESSWIRE / June 6, 2024 / Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OTCQB:KG...

articleKingfisher Metals CorpJune 6, 20244/company/kingfisher-metals-corp/news/kingfisher-signs-definitive-agreement-to-acquire-the-lgm-project-in-the-golden-triangle-british-columbia
Kingfisher Signs Definitive Agreement to Acquire the LGM Project in the Golden Triangle, British Columbia

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[{"type":"text","content":"Kingfisher Signs Definitive Agreement to Acquire the LGM Project in the Golden Triangle, British ColumbiaVANCOUVER, BC / ACCESSWIRE / June 6, 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 (the \"Agreement\") to acquire the LGM Project from Origen Resources Inc. (\"Origen\"). The 26,771 Ha LGM Project is located immediately south and contiguous with Kingfisher's HWY 37 Project, in Northwest British Columbia within the Golden Triangle.HighlightsExpansion of contiguous holdings in the Golden Triangle from 362 km2 to 630 km2including KSM-type targets in west, alkalic Galore Creek-type targets in central region (Grizzly and Lucifer) and unexplored Eskay Creek-type stratigraphy to the east.Grizzly Target trench sampling from 2006 returned 0.74% Cu and 1.09 g/t Au over 38 m.The LGM Project represents one of only three silica-undersaturated magmatic-volcanic complexes in the Golden Triangle with discovery potential for Galore Creek-type porphyry systems and has only seen 3,988 m of drilling.Historical stream sampling at Lucifer outlined a 4 km-long trend of highly anomalous stream sediment samples grading up to 7.8 g/t Au - similar in strength and scale to the Hank epithermal deposit signature at HWY 37.LGM Project is fully permitted for diamond drilling.Dustin Perry, CEO states \"Acquiring the LGM Project fits into Kingfisher's strategy to explore large district-scale opportunities and further increases our land holdings adjacent to Highway 37 in the prolific Golden Triangle. Historical results at LGM show very encouraging early-stage indications of porphyry Cu-Au mineralization with the Galore Creek potential.\"Gayle Febbo, VP Exploration states \"The Grizzly and Voigtberg showings represent the only known showings in the region with mineralization hosted in pseudoleucite bearing volcanic rocks without a significant discovery. My work at Galore Creek focused on the structural patterns of ore shoots, and I believe comparable unrecognized patterns and potential exist for the LGM Project.\"The LGM Project OverviewThe LGM Project lies directly south of the HWY 37 Project (Figure 1). It parallels Highway 37 and is bound to the south by the Galore Creek access road. The project comprises 26,771 Ha with underlying NSR ...

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