Kingfisher Metals Signs Definitive Agreement to Acquire LGM Project in British Columbia

Vancouver-based Kingfisher Metals Corp. (TSXV: KFR) has announced a definitive agreement to acquire the LGM Project from Origen Resources Inc. The LGM Project, encompassing 26,771 hectares, is located in the Golden Triangle, British Columbia.

The acquisition will significantly expand Kingfisher's holdings in the region, adding a variety of promising targets for exploration. Highlights include KSM-type and Galore Creek-type targets, as well as unexplored Eskay Creek-type stratigraphy. Notably, historical trench sampling at the Grizzly target has shown 0.74% Cu and 1.09 g/t Au over 38 meters.

CEO Dustin Perry emphasized that this acquisition fits into Kingfisher’s strategy of exploring large district-scale opportunities. The transaction includes issuing 3 million common shares of Kingfisher and a cash payment of C$75,000 to Origen. The deal is subject to various conditions, including regulatory approvals.