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Kingfisher Metals – Drills Are Turning at The HYW 37 Project– Kicking Off 15,000 Metre Drill Program

The KE Report Jun 26, 2026

Summary

Kingfisher Metals' fully funded 15,000-metre drill program is underway in BC's Golden Triangle, with three rigs turning by early July.

Drillers re-entered last year's Hank discovery — a porphyry (copper-gold rock formed from deep intrusions) — to extend a 425-metre, 0.40% copper-equivalent intercept.

The program also tests near-surface epithermal (hot-spring style) gold targets and first-pass holes at the new Turquoise and Rainbow porphyry targets.

About $30 million in the treasury funds systematic surveys across a district-scale land package, with first new assays expected around Labor Day.

Key points on Barrick Mining

  • The guest notes the property's 1980s operator, Lac Minerals - which later became part of Barrick - drilled shallow holes testing at-surface gold and rarely assayed for copper.

Key points on Newmont

  • The guest cites Brucejack, the Newmont mine adjacent to KSM, as an age analog, saying the Hank district is the only known example matching Brucejack's timing.

Dustin Perry's takeaways

  • Top takeaway His core thesis is that the 2025 hole hit only the edge of the Hank porphyry and his exploration model suggests the system could be shallower than that single deep hole indicated; the re-entry and step-out holes are meant to test it, with the large surface gold system as a backup target.
  • He argues Hank's age dating - matching the Mitchell deposit at KSM and the Brucejack mine - makes the district a direct analog to the Golden Triangle's largest systems.
  • He positions Kingfisher's systematic approach (a full winter of targeting, eight geologists, progressive Tahltan relationships) as what appeals to major mining companies, saying they are 'not just drilling to spend flow-through.'
  • He stresses downside protection and scale-up optionality: roughly $10.5 million forecast at year-end, warrants that could add about $7.5 million, and $1 million set aside for a second camp to enable a roughly triple-sized program next year.
  • He expects first assays around Labor Day 2026 and plans summer market updates guided by an on-site core scanner costing about $500,000 for the year.

Shad Markowitz's takeaways

  • Top takeaway The host says he likes Kingfisher's systematic approach and argues the story draws attention because it checks boxes from financial stability and target quality to community relations.
  • He frames the opportunity by noting most of the Golden Triangle's easy discoveries were made years or decades ago, so a large land package and a genuine porphyry hunt stand out.