Warrior Gold Provides Exploration Update, Initiates Field Mapping Program and Collaboration with Western University
Warrior Gold Provides Exploration Update, Initiates Field Mapping Program
and Collaboration with Western University
TORONTO--(BUSINESS WIRE)--August 20, 2020--Warrior Gold Inc. (TSX-V - WAR)
(“Warrior Gold” or the “Company”) is pleased to announce the completion of its diamond
drill program at the Goodfish-Kirana project in Kirkland Lake, Ontario which commenced on
June 30th, 2020. All samples have been delivered to the ALS laboratory in Timmins as of August
17th with results anticipated mid-September.
The completed drill program totalled 2,895 m in nine diamond drill holes with seven drill holes
in the “A” Zone and two drill holes in the “C” Zone. The drill program metreage was increased
from the planned program of 2,300 m in ten drill holes as deeper holes were drilled on two
targets (GK20-026 EOH 552 m and GK20-027 EOH 555 m) in order to fully test the targets.
Drill hole collar data is included in Table 1 with location maps below.
The drill program was designed to test the “A” Zone downdip and strike extension to the east
and west, as results from the previous drilling campaigns indicated that the “A” Zone is open in
all directions. Planned drilling for the “C” Zone was designed to better determine the orientation
of the known mineralization and associated structures.
“As drilling progressed, the program was modified to test the targets at greater depths. For the
first time, the Company drilled to depth targeting structures at approximately 350 m vertical
depth. An oversubscribed financing and efficient drilling crew allowed for a greater number of
metres (25% increase) to be drilled than originally planned,” stated Danièle Spethmann, Warrior
Gold CEO, who added, “We are very pleased with the work of the diamond drilling company
and our field crew in completing this drill program with incredible productivity and skill,
especially during this COVID-19 time where Warrior Gold instituted additional protocols to
comply with the Ontario Ministry of Health requirements.”
Table 1. Drill Hole Collar Data
Drill Hole Core Length
(m)
Zone Easting
(m)
Northing
(m)
Dip
(deg)
Azimuth (deg)
GK20-026 552 A Zone 573,606 5,338,547 -49° 024°
GK20-027 555 A Zone 573,668 5,338,521 -50° 023°
GK20-028 234 A Zone 573,594 5,338,689 -49° 022°
GK20-029 372 A Zone 573,541 5,338,617 -46° 022°
GK20-030 123 A Zone 573,542 5,338,751 -50° 026°
GK20-031 222 A Zone 573,749 5,338,635 -45° 028°
GK20-032 390 A Zone 573,780 5,338,507 -48° 030°
GK20-033 246 C Zone 573,740 5,339,189 -47° 197°
GK20-034 201 C Zone 573,659 5,339,212 -50° 184°
Warrior Gold also announces that the Company has initiated a field mapping program on the
sites identified by the Company’s targeting exercise in March 2019. As part of a collaboration
with Western University in London, Ontario, recently graduated junior geologists will be
working in the field alongside the Company’s geologists. The Company and Western
University’s Department of Earth Science are collaborating to gather data to better understand
the mechanisms of gold mineralization north of the Timiskaming Unconformity. The Company
expects that the research will assist in refining its exploration targeting strategies using new
technologies and scientific approaches.
“We are pleased to be collaborating with Western University on our Goodfish-Kirana project and
believe that the support of Dr. Banerjee and his students will contribute to a better understanding
of the gold mineralization mechanisms on the property,” commented Danièle Spethmann,
Warrior Gold CEO.
Dr. Neil Banerjee is an associate professor in the Department of Earth Sciences at Western
University where he holds an NSERC Industrial Research Chair in Advanced Mineral
Exploration. He is recognized as a leading researcher in modern and ancient hydrothermal
systems, biogeochemistry, and mineral exploration, particularly in ancient greenstone belts. He
has made important contributions to the exploration and development of gold projects in Quebec,
Ontario, Manitoba, and Northwest Territories in Canada and worldwide. His group combines
fieldwork, laboratory, experimental, and computational approaches to create value over the life
of the mine cycle. His team has developed an innovative approach using cutting-edge
synchrotron technology that provides a powerful tool to address industry-relevant problems
using high-fidelity analytical techniques that are both rapid and cost-effective. This innovation
provides trace- element analysis and mapping of minerals with ppm-detection limits, identifying
the speciation of elements to improve geometallury, and determine the mineralogical make-up of
geological materials, mineral processing residues, and mine wastes. By utilizing these techniques
in combination, a richer, more complete characterization of these complex materials is now
possible to make informed decisions.
Dr. Neil Banerjee commented, “Over the last 15 years working in the Kirkland Lake gold camp I
have realized a careful, scientific approach to exploration is key to achieving the best results. My
students and I are excited to partner with Warrior Gold in their exploration efforts on the highly
prospective Goodfish-Kirana project.”
About Warrior Gold Inc.
Warrior Gold is a TSX Venture Exchange-listed Company that owns the Goodfish-Kirana
property located 5 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 roughly 11.5 km x 3 km (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 recently acquired
Sutton claims on the northeast side of the property. The Property contains numerous historical
gold showings, as well as 18 historical pits and shafts.
For more information, visit WarriorGoldInc.com or watch the corporate video here.
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, 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.
Contacts
For additional information:
Danièle Spethmann, P.Geo.
President & CEO
Warrior Gold Inc.
+1 647 344-3433