Kingfisher Metals Reports Significant Gold Discovery at HWY 37 Project

Kingfisher Metals Corp. (TSXV: KFR) (FSE: 9700) (OTCQX: KGFMF) has announced a significant discovery at its HWY 37 Project in the Golden Triangle, British Columbia. The company reports that drill hole HW-26-015 intersected a high-grade polymetallic vein containing visible gold, with an assay returning 8.8 meters of 20.33 grams per tonne (g/t) gold, 937.6 g/t silver, 2.98% copper, 11.08% zinc, and 0.99% lead (38.50 g/t gold equivalent). This interval is within a broader zone of 27 meters grading 13.61 g/t gold equivalent (7.33 g/t gold, 322.0 g/t silver, 1.01% copper, 4.05% zinc, 0.54% lead).

The discovery was made while testing the Hank porphyry copper-gold target, first identified in drill hole HW-25-011. The hole also intersected a high-grade polymetallic vein containing visible gold on the shoulder of porphyry-style mineralization. The visible gold was observed at a depth of 464.3 meters, where the sample was taken. The broader zone of mineralization extends from 461.0 meters to 488.0 meters, with a grade of 13.61 g/t gold equivalent.

The company has completed 13 diamond drill holes this season, totaling approximately 9,500 meters across the Hank-Mary District. Four additional drill holes are currently in progress, bringing the total to 17 holes.

The drill hole HW-26-015 traversed the Hank system from an epithermal expression through to porphyry levels in a single hole. It passed through quartz-sericite-carbonate-pyrite altered volcaniclastic rocks and into a broad silica-sulfide interval containing jasperoid-cement breccia, the polymetallic vein reported here, followed by silica flooding and silica-cement breccia below it. From 660 meters to the end of the hole at 1,067 meters, the hole intersected porphyry-style veins with visible chalcopyrite and transitional potassic alteration comprising quartz-biotite-chlorite-magnetite-chalcopyrite-pyrite with trace molybdenite.

The greater Hank mineral system includes a vertical succession from lithocap and high-sulfidation alteration at the surface, intermediate-sulfidation and polymetallic vein mineralization at intermediate levels, and porphyry copper-gold mineralization at depth, and the company interprets it as a porphyry-epithermal system preserved in its entirety. Systems of this type are commonly truncated by erosion, with the upper epithermal levels removed and only the porphyry root remaining, or alternatively with the lithocap preserved but the underlying porphyry beyond the depth of practical exploration. At Hank, the company interprets that limited post-mineral erosion has preserved the full column, and that each level of the system remains available to be explored.

The company's exploration strategy focuses on systematically testing each level of the preserved system, and drilling is ongoing across the Hank area. The next phase of the 2026 drill program includes testing the Hank porphyry targets, the shallow Hank gold system, and new discovery-type targets.