Warrior Gold Provides Results of 2022 Summer Field Program
TSX-V:WAR
WARRIOR GOLD INC.
25 Adelaide Street East, Suite 1400, Toronto, Ontario, M5C 3A1 | warriorgoldinc.com | +1 647 344-3433
Warrior Gold Provides Results of 2022 Summer Field Program
● Up to 34.7 g/t Au in Grab Sample ●
Toronto, October 19, 2022 – Warrior Gold Inc. (TSX -V - WAR) (“Warrior Gold” or the
“Company”) is pleased to announce that it has completed the summer field mapping and
sampling program on its Kirkland Lake West (“KLW”) and Kirkland Lake Central (“KLC”) claim
groups located in the Kirkland Lake gold camp (Figure 1). Work this summer comprised mapping
and collecting 239 grab samples across the KLW and KLC claim groups over 45 field days by a
two-person team. The work complements the heliborne geophysical survey recently completed
(See September 8, 2022 news release ). To date, the best assay returned from a bedrock grab
sample is 34.7 g/t Au on the western side of the KLW property . Additional assay results are
pending.
Figure 1. Warrior Gold’s land position in the Kirkland Lake gold camp (map from DigiData/EarthLabs).
“We are pleased with the encouraging results from our summer field program on the newly
acquired KLW and KLC claim groups and we look forward to receiving the remaining sample
analyses. Once completed, our exploration team will combine all data with the geology and the
structural interpretation generated by the recent heliborne survey to support targeting for our next
exploration program,” stated Danièle Spethmann, CEO of Warrior Gold, who added, “The Abitibi
is a prolific gold belt and the opportunity for a discovery is made more probable with the sound
scientific approach to our exploration efforts.”
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The KLW and KLC claim groups comprise a land package totaling 17,176 hectares. Combined
with the Company’s flagship Goodfish-Kirana claim group (4,368 hectares), this makes Warrior
Gold the second largest mineral claims landholder (~21,500 hectares) in the Kirkland Lake gold
camp.
KLW Claim Group
Mapping and sampling concentrated on the southern half of the claim group where historical
mineral occurrences and trenches were recorded in previous government assessment files dating
from 1965 onwards. These areas were re-examined and sampled to understand mineralizing
controls and the broader geological environment. On the far western edge of the KLW claim
group, anomalous gold was identified in a broad two-kilometre-long NNW-SSE trend, parallel to
regional structures. A bedrock grab sample of a sheared and mineralized quartz vein returned an
assay of 34.7g/t Au. The location of the grab sample is provided in Figure 2. Five additional grab
samples from this area returned anomalous gold values ranging from 1.35 g/t Au to 21.6 g/t Au.
Assays are pending for 26 samples.
Figure 2. Grab sample locations in the KLW and KLC claim groups with assay result where available. Pending assays
in the yellow x. Inset provides detail of sample returning 34.7 g/t Au and related trend.
KLC Claim Group
The KLC claim group transected by the Kirkland Lake Fault, which is an extension of the Main
Break, is host to seven historical gold mines that produced over 700 tonnes of gold (21.875 million
ounces over the past 100 years1).
1 Natural Resources Canada and Ontario Geological Survey 2015. Mining heritage tour, Kirkland Lake: A century of mining the “Mile
of Gold”; GeoTours Northern Ontario series.
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Two other prominent northeast-trending deformation zones (DZ) transect the claim group, namely
the Misema DZ and the Mulven DZ. The Victoria Creek gold deposit (along the Victoria Creek
DZ) lies just 250 metres south of the southern boundary of the KLC claim group.
Sampling and mapping efforts during the summer concentrated along the above-mentioned faults
and deformation zones. Glacial cover is thicker within large areas of the KLC, so the recent high-
resolution LiDAR survey was key to identifying areas of outcrop exposure. Highlights include
quartz veins with tourmaline and carbonate within a strongly foliated and sericitized feldspar
porphyry with 1% fine pyrite observed along the Kirkland Lake Fault. Assay results are pending.
Additional sites with favorable gold mineralization in deformed and sheared lithologies were also
sampled throughout the claim group with results pending.
Heliborne Geophysical Survey
A heliborne high-resolution magnetic, VLF and LiDAR survey was recently completed by
EarthLabs ( formerly Goldspot Discoveries). Preliminary interpretation of the high-resolution
magnetic data emphasized structural features such as deformation zones and lithological
contacts where reconnaissance ground-truthing and sampling were completed (Figure 3). This
survey information will be critical to support targeting efforts for next winter’s drill program.
Figure 3. Total magnetic intensity map of the KLW and KLC claim groups obtained from the EarthLabs high-resolution
heliborne survey.
QP Statement
The technical information contained in this news release has been approved by Mike Kilbourne, P.Geo.
who is a Qualified Person as defined in National Instrument 43- 101, Standards of Disclosure for Mineral
Projects.
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About Warrior Gold Inc.
Warrior Gold is a TSX Venture Exchange-listed company that has consolidated a significant and
prospective land package in the Kirkland Lake Gold Camp 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 date2. The properties are host to regional and property-scale mineralized structures
that are 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 Central (KLC). Warrior Gold’s land position in the Kirkland Lake Gold
Camp comprises ~ 21,500 hectares, 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 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, 2022 and the first quarter ended June 30, 2022 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.
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2 2020 Mineral Production in Canada, Government of Canada, Minerals and Metals Statistics Division, 2022-03-10,
https://mmsd.nrcan-rncan.gc.ca/PDF/MIS2020TableG01a-en.pdf