KINGFISHER METAL CORP

Kingfisher Metals Corp. announced completion of its 2026 drilling program of 13,551m in 24 new drill holes plus the extension of hole HW-25-011. Assays are pending on all holes. Targets tested and allocation of metres drilled on these targets are shown in Table 1 and Figure 1-1.

Table1: Drill targets and allocation of metres drilled

Every one of the 9 holes drilled on the Hank Porphyry is reported to have intersected the porphyry system or its alteration halo with the system remaining open at depth, along strike and laterally from HW-26-028 and HW-26-031.  Visual highlights from these holes are:

• HW-26-028 drilled to 942 m intersected a stockwork body of porphyry-style quartz-chalcopyrite-pyrite veins over 212m from 634m to 846m, followed by quartz-chalcopyrite-pyrite veins to the end of hole,
• HW-26-031 drilled to 1,106 m returned porphyry-style quartz-chalcopyrite-pyrite veins from approximately 778m to the end of hole, a downhole length of approximately 328m, with trace bornite present in veins,
• HW-26-023 drilled to 1,061 m intersected potassic and chlorite-magnetite porphyry alteration with disseminated chalcopyrite and trace bornitefrom approximately 765m to the end of hole,

Six holes completed in the Upper Hank gold system at Flats, Felsite Hill and Pits to test the shallow epithermal gold system above the Hank Porphyry intersected widespread quartz-sericite-pyrite (QSP) and argillic alteration with pyrite, and epithermal colloform-banded veins at Pits (HW-26-033),

The first drilling done was completed at the Early-Stage Targets outside the main Hank porphyry and Upper Hank gold target areas. These holes were designed to evaluate the scale of the broader Hank-Mary mineral system and included the first drill tests at Rojo Grande. Visual highlights from these holes are:

• HW-26-026 at West Bald Bluff to 157 m tested Au-Ag bearing structures north of Rojo Chico and northwest of Rojo Grande. The hole drilled through an altered basal Hazelton sandstone and conglomerate to approximately 100 m with 1-3% pyrite. Below this, volcanic rocks host an estimated 8% disseminated and vein-hosted pyrite, including local silica-cement breccia with hydrothermal pyrite clasts to the end of hole.
• HW-26-027 at Rojo Grande to 136 m and HW-26-034 at Rojo Grande to 245 m) tested a large target interpreted as a possible southern continuation of the Upper Hank gold system; these holes were, collared more than 1,200 m from the nearest drill hole. Both holes were terminated before reaching their planned target depths due to drilling conditions and weather.

Kingfisher also completed an extensive geophysical and geochemical exploration program (Figure 1-2), including:

• Ground IP, vector IP and magnetotelluric surveys.
• 1,180 line-km of airborne geophysics.
• 2,337 soil samples and 148 rock samples.
• LiDAR surveying and systematic drill-core spectral analysis.

The company is integrating these results into a three-dimensional geological model.  Kingfisher is planning an approximately 20,000 m drilling program in 2027, described as fully funded.

The company is integrating these results into a three-dimensional geological model.  Kingfisher is planning an approximately 20,000 m drilling program in 2027, described as fully funded.

Comments

The visual observations on drill holes testing the Hank copper-gold porphyry target are encouraging.  The most significant development is the intersection of extensive quartz-chalcopyrite-pyrite stockwork veining in the two deep holes, suggesting that Kingfisher may be approaching a substantial mineralized porphyry centre.

However, assays are still pending for nearly all the 2026 drilling. While the release provides encouraging geological evidence, assay results are needed to confirm if economically significant Cu-Au grades are present over potentially mineable widths.

Figure 1-1, Source: Kingfisher Metals

Figure 1-2, Source: Kingfisher Metals