Warrior Gold Starts Drill Program
Warrior Gold Starts Drill Program
TORONTO--(BUSINESS WIRE)--January 7, 2021--Warrior Gold Inc. (TSX-V - WAR)
(“Warrior Gold” or the “Company”) is pleased to announce that the Winter 2021 diamond
drill program comprising 3,000 metres in 13 holes has commenced on the Company’s 100%-
owned Goodfish-Kirana Property. The drill program will test downdip and along-strike-
extension targets at the ‘A’ and ‘C’ Zones as well as a structural/geophysics-indicated target 500
m east of the ‘A’ Zone.
Danièle Spethmann, President & CEO, stated, “We are excited to get our winter drill program
under way as a follow-up program to our successful 2020 summer drill campaign which
intersected anomalous and high-grade gold in eight of nine drill holes, including one of the
highest-grade intervals drilled by Warrior Gold that intersected 2.65 g/t Au over 22.3 m,
including 6.70 g/t Au over 7.4 m within 1.22 g/t Au over 74 m. The Warrior Gold team has
advanced the geological model identifying areas with potential to expand the known
mineralization and will also test a new target located 500 m east of the ‘A’ Zone. With the
closing of the recent private placement in late December, we are well-funded to complete the
drill program and to continue advancing the Goodfish-Kirana Property.”
Drill Program
The drill program will test the ‘A’ Zone downdip (1 hole) and 150 m of strike extension to the
east and west in 50-m step-outs (7 holes), as previous drill campaigns indicate the ‘A’ Zone
discovery is open in all directions.
The drilling planned for the ‘C’ Zone will continue to test the east-west mineralization trend to
the east in 50-m step-outs (2 holes) and downdip of gold intersections (1 hole) from previous
drill programs.
Two drill holes will test a structural target located 500 m east of the ‘A’ Zone where an IP
anomaly (Induced Polarization) is coincident with an interpreted north-northwest structural break
(based on magnetic survey data).
The Winter 2021 diamond drill program is being undertaken with additional COVID-19
protocols to comply with the Ontario Ministry of Health requirements.
The technical information contained in this news release has been approved by Melissa Render,
P.Geo, Principal Consulting Geologist for Warrior Gold, who is a Qualified Person as defined in
National Instrument 43-101, Standards of Disclosure for Mineral Projects.
Corporate Update
Warrior Gold is also pleased to announce the appointment of Daniel Rodriguez to lead Corporate
Development. Daniel brings over 14 years of capital markets and financial service experience.
Previously Daniel was an Investment Advisor with a focus on junior mining and most recently
he managed a retail branch bank for one of the large Canadian banks. He holds a BA from the
University of Toronto and both CIM and CFP designations.
The Company also announces that it will be participating in this year’s AME Remote Roundup
conference held virtually January 18-22, 2021. For more information and to register please visit
https://roundup.amebc.ca/.
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 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.
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 first quarter
ended June 30, 2019, 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