Kingfisher Metals Corp. announce the results of rotary air blast ("RAB") drilling, and surface geochemical and ground geophysical surveys at the 100% owned 511 km2 Goldrange Project. Goldrange is located approximately 25 km south of the town of Tatla Lake in the Chilcotin region of Southwest British Columbia.

Kingfisher commenced the first-ever drill program at the Day Trip Zone with a RAB drill rig in May 2022. The initial 27 holes (Table 1) focused on a 300 m by 200 m area at shallow depths of less than 78 m. The Day Trip Zone covers a rounded mountain top approximately 5 km southeast of the Cloud Drifter Trend. The target is situated between two interpreted fault splays off the regional Ottarasko Fault.

High-density intrusive-hosted veins, up to 2 m in width, occur over an area 100 m by 400 m. Quartz veins from this area returned grades from below detection limit to 6.7 g/t Au over 2 m. Adjacent to the intrusion is a 70 m x 90 m area of arsenopyrite-cement breccia in subcrop. Approximately 20% of the subcrop material in this area consists of arsenopyrite-cement breccia and rocks grade from 3.4 to 20.1 g/t Au. Talus fines sampling in 2020 and 2021 outlined a broad area of gold anomalism coincident with areas of gold in outcrop and subcrop that grades up to 8.4 g/t Au.

Rock and talus fines geochemistry both yield a strong multi-element signature of As, Ag, Cu, Bi, Te, Sb, Zn and Pb associated with Au. The purpose of the Day Trip RAB drill program was to identify location and geometry of anomalous gold sampled on surface. The RAB holes tested shallow extents of the target over a 250x200 m area.

Broad anomalous gold is shallow or at surface and was intercepted in all but the most southerly pad, which failed to reach target depth. Gold anomalism in the sedimentary-hosted, western holes defines a 20 degree west-dipping layer that parallels bedding. Gold intercepts in the intrusive-hosted western holes are interpreted to dip steeply east, similar to the veins on surface.

The overall vein geometry from surface coupled with the gold intercepts, projects toward a large conductive and chargeability anomaly. A deep penetrating Induced Polarization (IP) survey was conducted to prepare for deeper diamond drilling targeting. The survey was extended more than 1100 m west of the original survey and target area due to the discovery of high-grade gold in outcrop 1 km from the RAB drill area.

The geophysical survey identified two large conductive anomalies beneath the RAB drill area and to the west. Conductivity can be associated with sulfide breccias and veins and related alteration. Numerous chargeability anomalies were also identified throughout the survey area.

Chargeability highs can be caused by the presence of disseminated sulfides.