WARRIOR GOLD PROVIDES EXPLORATION UPDATE Commences IRIS 3D IP Survey at Goodfish-Kirana Project
WARRIOR GOLD INC.
1100 -1111 Melville Street | Vancouver, BC, V6E 3V6 | warriorgoldinc.com | 604.681.7010
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NEWS RELEASE
For Immediate Release TSX-V:WAR
Date: November 21, 2018 #13-2018
WARRIOR GOLD PROVIDES EXPLORATION UPDATE
Commences IRIS 3D IP Survey at Goodfish-Kirana Project
Vancouver, British Columbia – November 21, 2018 – Warrior Gold Inc. (TSX -V - WAR) (“Warrior
Gold” or the “Company”) is pleased to provide an exploration update on its Goodfish -Kirana Project
located in Kirkland Lake, Ontario.
The Company has completed the fieldwork component of an IRIS Instruments 3D IP (Induced Polarisation)
survey on the recently acquired contiguous Deloye Patents located on the Goodfish-Kirana Project (see
Figure #1 and Figure #2). The survey has been designed to explore the configuration/plunge of the Kirana-
Kirkland Mine mineralisation located on the Deloye patents and other parallel structures associated with
quartz-feldspar intrusives on the property . The survey work is being executed by Canadian Exploration
Services (CXS) of Larder Lake and is anticipated to be completed by the end of November.
The Deloye Claims land package consists of a total of 122 ha and contains the old shafts and trenches of
the historical Kirana Kirkland Lake Gold Mine which stopped production in 1936 (refer to news release
dated July 19, 2018).
All IP survey results will be compiled with the current mapping and structural analysis , completed by
GeoVector Management Inc. in order to better define drill targets. A follow-up drill campaign is expected
to commence mid December to early January 2019.
Danièle Spethmann, President and CEO of Warrior stated; “We are extremely pleased to be deploying the
IRIS IP system on the Deloye claims . The new IRIS “Full -Waver” 3D IP device is a state -of-the-art
distributed data acquisition system that allows for greater s urvey design flexibility so that electrode arrays
can be planned to optimize target definition and data collection efficiency. The resulting survey data set
provides for enhanced sub -surface resolution, increased depth of exploration and greatly improved
interpretability. This new technology will significantly shorten typical IP survey turn-around time and provide
a better defined end-product to assist in developing our follow-up drill program.”
Warrior fieldwork on the Goodfish -Kirana Property was completed in late September /early October and
included, mapping, sampling and trenching. Other geological work recently completed includes the
inversion of 92 km of historical IP data, which is now being integrated and compiled into the overall
geological interpretation of the Goodfish-Kirana Property. This data along with historical diamond drilling
on the property is now being modelled in to 3D software . The results of the compiled data, the recently
acquired airborne magnetic survey, the structural interpretation by Terrane Geoscience of the 2016 LiDAR
survey and the inverted IP survey will be compiled to provide a sound geological base from which to define
drill tragets for the upcoming drill campaign.
Other
The Company would like to acknowledge the receipt of a grant in the amount of C$100,000 from the Junior
Exploration Assistance Program (JEAP) in mid-October. The Company would also like to acknowledge the
support of the Ontario Prospectors Association (OPA) and Northern Ontario Heritage fund in assisting
Northern Ontario junior exploration companies in the advancement of their projects.
WARRIOR GOLD INC.
1100 -1111 Melville Street | Vancouver, BC, V6E 3V6 | warriorgoldinc.com | 604.681.7010
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NEWS RELEASE
Figure 1. Goodfish Kirana Property and location of the Deloye Claims.
WARRIOR GOLD INC.
1100 -1111 Melville Street | Vancouver, BC, V6E 3V6 | warriorgoldinc.com | 604.681.7010
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NEWS RELEASE
Figure 2. IRIS 3D IP Grid layout.
WARRIOR GOLD INC.
1100 -1111 Melville Street | Vancouver, BC, V6E 3V6 | warriorgoldinc.com | 604.681.7010
4
NEWS RELEASE
About Warrior Gold Inc.
Warrior Gold is the 100% owner of the Goodfish -Kirana Property located 5 ki lometers from the center of the Town of
Kirkland Lake, Ontario. The Property is located in the historic Kirkland Lake Gold Camp where over 40 million ounces
of gold has been produced and is situated in the prolific Abitibi Greenstone Belt, which is 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 10 km long by 3 km wide (34 km2/ 3,418 ha) and contains two major structural trends:
the East -West trending Kirana Deformation Zone (approximately 8 km) and the Northeast trending Goodfish
Deformation Zone (approximately 2 km). The Goodfish -Kirana Property contains numerous historical gold showings,
including 18 historical pits and shafts, as well as the historical Goodfish Mine (1930s) and the Kirana Kirkland Mine
(1900s).
The technical information contained in this news release has been approved by Tom Neelands, P.Geo., Consulting
Chief Geologist to Warrior Gold Inc., who is a Qualified Person as defined in “National Instrument 43-101, Standards
of Disclosure for Mineral Projects.”
For additional information please contact:
Danièle Spethmann, P.Geo,
President & CEO,
Warrior Gold Inc.
647 344-3433
Malcolm Burke
Director
Warrior Gold Inc.
604 220-2000
Joanne Jobin
Investor Relations Officer
Warrior Gold Inc.
647 964 0292
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", "ex pect", "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 cer tain 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 t he Company’s management discussion and
analysis of the fin ancial condition and results of operations for the year ended March 31, 2018 and the first quarter
ended June 30, 2018, 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, whet her as a result of new information, future events or otherwise, unless
so required by applicable securities laws.