- Kingfisher Metals (TSXV:KFR) has revealed it has closed the acquisition of the LGM Project from Origen Resources (CSE:ORGN)
- Under the terms of the agreement, the company issued 3 million shares to Origen and paid C$75,000 in exchange for the property’s transfer
- The project is south and contiguous with Kingfisher’s HWY 37 project in the Golden Triangle in British Columbia
- Shares of Kingfisher Metals are unchanged at $0.22
Kingfisher Metals (TSXV:KFR) has revealed it has closed the acquisition of the LGM Project from Origen Resources (CSE:ORGN).
The company stated in a news release that under the terms of the agreement, the company issued 3 million shares to Origen and paid C$75,000 in exchange for the property’s transfer.
Located in the Golden Triangle of British Columbia, the LGM Project is south and contiguous with the company’s HWY 37 project.
Highlights of the LGM Project include:
- The Grizzly Target trench sampling from 2006 returned 0.74 per cent copper and 1.09 grams per ton gold over 38 metres
- The project represents one of only three silica-undersaturated magmatic-volcanic complexes in the Golden Triangle with discovery potential for Galore Creek-type porphyry systems. It has also seen only 3,988 metres of drilling
- As it currently stands, the project is fully permitted for diamond drilling
Kingfisher Metals is an exploration company focused on underexplored district-scale projects in B.C., particularly in the Golden Triangle region.
The company has three 100-per-cent-owned district-scale projects and an option to earn 100 per cent of the HWY 37 Project.
Shares of Kingfisher Metals (TSXV:KFR) are unchanged at $0.22, and shares of Origen Resources (CSE:ORGN) are unchanged at $0.05.
Join the discussion: Find out what everybody’s saying about these stocks on the Kingfisher Metals Bullboard and Origen Resources Inc. Bullboard investor discussion forums, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top image: File)
