Warrior Gold Announces Completion of High-Resolution Airborne Magnetic, VLF and LiDAR Survey
TSX-V:WAR
WARRIOR GOLD INC.
25 Adelaide Street East, Suite 1400, Toronto, Ontario, M5C 3A1 | warriorgoldinc.com | +1 647 344-3433
Warrior Gold Announces Completion of High-Resolution Airborne
Magnetic, VLF and LiDAR Survey
Toronto, June 24, 2022 – Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the “Company”) is
pleased to announce the completion of the high-reso lution airborne magnetic and LiDAR survey recently
undertaken at its Kirkland Lake Gold Camp properties. Data compilation and processing of the survey data
is currently underway.
The large regional, roughly 3,400 line-kilometre triaxi al magnetic, VLF and LiDAR survey across the KLW
and KLC/Arnold project areas was completed in a time ly and efficient manner by GoldSpot Discoveries
Corp.’s (“GoldSpot”) Geophysical Services division from May 25 to June 14, 2022. The survey parameters
included a flightline azimuth of 0º/ 180º and flight-line spacing of 50 m. Tie lines at 500-m spacing had an
azimuth of 090º/270º.
This high-resolution survey ut ilized GoldSpot’s newly developed M-PASS system, a proprietary platform
that has been designed to collect the magnetic and VLF datasets, LiDAR and orthophotos - simultaneously.
Goldspot CEO Vincent Dubé-Bourgeois commented, “We are very happy to have completed this large and
detailed survey for Warrio r Gold. Now that this milestone is comp lete, these newly ac quired datasets will
help to unlock the value of the promising KLW, KLC and Arnold projects. We look forward how this data will
guide the upcoming exploration plans of Warrior Gold.”
The data sets collected by this survey are currently being processed and results are anticipated in early
July. Once received, Warrior will undertake a combined geophysical and structural interpretation of the data
and combine this with the compilation of the geology and known mineral showings of the KLW and
KLC/Arnold land packages, all of which will guide futu re exploration plans, in cluding a follow-up field
program.
“We are excited to receive the results and interpretati on of this airborne survey which will provide the
foundation to our geological and structural understanding of this most recently acquired portion of our land
package. As geoscientists we all know, structure is key to the orogenic gold deposit model not only in the
Kirkland Lake gold camp, but throughout the metal-endowed Abitibi greenstone belt. The airborne survey
data will be married with known historical mineralized showings and follow-up work will include the ground-
truthing of geophysical interpreted structures and known mineralized trends. All of this work and the
exploration drilling on our Goodfish Kirana project c ontinue to advance our e fforts towards making a
discovery in the gold rich Kirkland Lake camp,” stated Danièle Spethmann, CEO of Warrior Gold.
The Company also report s that recently filed assessment work report on the 2021 diamond drilling
programs was approved by the Ontario Ministry of Mining Lands Administration (MLAS) and has extended
the current Goodfish-Kirana and KLW land packages’ good standing from 2030 to roughly 2032.
QP Statement
Danièle Spethmann, P.Geo. is President and CEO and a Director of Warrior Gold and is a Qualified Person
as defined by NI 43-101. Ms. Spethmann has reviewed the technical information in this news release and
approves the written disclosure contained herein.
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About Warrior Gold Inc.
Warrior Gold is a TSX Venture Exchange-listed co mpany that has consolidated a significant and
prospective land package in the Kirkland Lake Gold Ca mp in Ontario, Canada. The properties are hosted
in the Abitibi Greenstone Belt, one of the world’s best-endowed greenstone belts with +200 million ounces
of gold produced to date 1. The properties are host to regional and property-scale mineralized structures
that are considered to be second order structures off the Larder Lake Cadillac Deformation Zone – LLCDZ
– the regional structure in the belt known to be spatially associated with the gold mines hosted in the camp.
The properties assembled include: the 100%-owned Goodfish-Kirana, the Arnold property and the recently
optioned KL West (KLW) and KL Cent ral (KLC). Warrior Gold’s land position in the Kirkland Lake Gold
Camp comprises approximately 21,469 ha, over 480 claims and 29 patented claims and ranks the company
as one of the largest landholders in the Kirkland Lake region.
For additional information please contact:
Danièle Spethmann, P.Geo.
President & CEO
Warrior Gold Inc.
+1 647 344-3433
Neither the TSX Venture Exchange nor its Regulation Se rvices 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 Co mpany. 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-looki ng 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 inher ent risks and uncertainties. Actual results could differ
materially from those currently anticipated due to a num ber of factors and risks. In addition to other risks
that may affect the forward-lookin g 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, 2021 and the third quarter ended December 31, 2021 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 revi se any forward-looking statements or information,
whether as a result of new information, future ev ents or otherwise, unless so required by applicable
securities laws.
1 https://mmsd.nrcan-rncan.gc.ca/PDF/MIS2020TableG01a-en.pdf