Warrior Gold Announces Completion of Drill Program
Warrior Gold Announces Completion of Drill Program
TORONTO--(BUSINESS WIRE)--February 8, 2021--Warrior Gold Inc. (TSX-V - WAR)
(“Warrior Gold” or the “Company”) is pleased to announce that the 2021 winter diamond
drilling program on the Goodfish-Kirana property has been completed. A total of 3,068 metres
were drilled in 12 holes plus one extension on hole GK20-032 from the 2020 drill program. Core
logging, geotechnical work, and sampling are ongoing with core samples being sent for assay to
Timmins as shipments are made ready.
Danièle Spethmann, President & CEO, stated, “We are excited to have completed the winter
2021 drill program on the ‘A’ Zone and ‘C’ Zone, as well as on a new target east of the ‘A’ Zone
and look forward to receiving the assay results. The drilling program was modified from the
original plan (see news release of January 7, 2021) as observations during the campaign
indicated that drill metres were better utilized at the ‘A’ Zone. We are extremely pleased with the
skill and efficiency of the drilling company and appreciate their efforts to complete our program
on time and budget.”
Drill Program
The 2021 winter drill program was designed to test the continuity of the ‘A’ Zone and ‘C’ Zone
mineralization along strike and at depth, as well as a new structural geophysical target 500 m
east of the ‘A’ Zone.
Eleven holes were drilled at and along the ‘A’ Zone structure. Drill hole GK20-032, which
previously intersected 3.69 g/t Au over 2.31 m, was extended downhole an additional 40 m to
430 m. The objective was to establish the full extent of the ‘A’ Zone Deformation Zone, test for
mineralization adjacent to the shear zone in the hanging wall, as well as accurately locate GK21-
039 and GK21-040.
Drilling planned for the ‘C’ Zone was reduced from two diamond drill holes to one in order to
allow for more metres to be drilled at the ‘A’ Zone. The ‘C’ Zone drill hole tested the continuity
of the mineralized trend identified in the Company’s fall 2020 drill program.
About Warrior Gold Inc.
Warrior Gold is a TSX Venture Exchange-listed company that owns the Goodfish-Kirana
Property located five km from the town of Kirkland Lake, Ontario. The Property is located in the
historic Kirkland Lake Gold Camp which is situated in the prolific Abitibi Greenstone Belt,
recognized as one of the world’s highest grade greenstone belts with over 200 million ounces of
gold produced to date.
The Goodfish-Kirana Property is 11.5 km long by roughly three km wide (34 km2) and contains
three major structural trends: the east-west trending Kirana Deformation Zone; the northeast-
trending Goodfish Deformation Zone; and the Victoria Creek Deformation Zone on the Sutton
claims at the northeast side of the property. The Property contains numerous historical gold
showings, as well as 18 historical pits and shafts.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Forward-Looking Statements: This press release contains forward-looking statements.
Forward-looking statements are frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", “anticipate", "estimate", "may", "will", "would", "potential",
"proposed" and other similar words, or statements that certain events or conditions "may" or
"will" occur. The forward-looking statements are based on certain key expectations and
assumptions made by the Company. Although Warrior Gold believes that the expectations and
assumptions on which the forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because Warrior Gold can give no
assurance that they will prove to be correct. Since forward-looking statements address future
events and conditions, by their very nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated due to a number of factors and
risks. In addition to other risks that may affect the forward-looking statements in this press
release are those set out in the Company’s Management Discussion and Analysis of the financial
condition and results of operations for the year ended March 31, 2019 and the second quarter
ended September 30, 2020, which are available at www.sedar.com. The forward-looking
statements contained in this press release are made as of the date hereof and Warrior Gold
undertakes no obligation to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise, unless so
required by applicable securities laws.
This press release does not constitute an offer, invitation or recommendation to subscribe for or
purchase any securities and neither this press release nor anything contained in it shall form the
basis of any contract or commitment. In particular, this press release does not constitute an offer
to sell, or a solicitation of an offer to buy, securities in the United States, or in any other
jurisdiction in which such an offer would be illegal.
Contacts
Danièle Spethmann, P.Geo.
President & CEO
Warrior Gold Inc.
+1 647 344-3433
Daniel Rodriguez
Corporate Development
Warrior Gold Inc.
+1 604 353-4080