TORONTO, April 18, 2019 /CNW/ - Warrior Gold Inc.
(TSX-V - WAR) ("Warrior Gold" or the "Company")
is pleased to announce that the Company's diamond drilling program
at its Goodfish-Kirana Project has been completed. A total of
2,218 m were drilled in 15 holes -
two holes (225 m) on the Deloye
patents, six holes (870 m) on the
Goodfish C Zone, and seven holes on the Goodfish A Zone
(769 m) as shown on Figures 1 and 2
below. Drilling at the A Zone East was deferred due to
logistical challenges and related extraordinary expenses that the
Company would have incurred as a result of the exceptional snow
fall in Kirkland Lake this
winter. Over the next couple of weeks, the Company will
finalize drill core logging and core sampling with split core
samples being transported to the ALS geochemical prep-laboratory in
Timmins. All drill hole results
will be released at the same time and are expected to be announced
by early to mid-June.
![Warrior Gold Completes Drilling and Stakes New Ground (CNW Group/Warrior Gold Inc.) Warrior Gold Completes Drilling and Stakes New Ground (CNW Group/Warrior Gold Inc.)](https://mma.prnewswire.com/media/873889/Warrior_Gold_Inc__Warrior_Gold_Completes_Drilling_and_Stakes_New.pdf?p=pdfthumbnail)
Warrior Gold also announces the staking of three strategic
claims through the online claims acquisition program of the Ontario
Governments' MLAS system. These claims are contiguous to the
recently acquired Sutton claims
and tie the main body of the Goodfish Kirana project to the
Sutton claims. The addition of
these claims adds 155 hectares to the Company's land position, now
totallying 3,859 ha and closes a strategic pre-existing gap between
the known showings - see Figure 3. Figure 4 shows the
Goodfish-Kirana in relation to our nearest neighbours.
Danièle Spethmann, President and CEO states, "We are pleased
with the progress of the drilling campaign and are looking forward
to the results which will be incorporated in the Company's summer
field program. As well, the staking of the new claims adds value
with the tying in of the Sutton
claims to the main body of the Goodfish-Kirana project
allowing for continuity with exploration programs."
Figure 1. Areas of drill hole locations
Figure 2. 2019 Diamond drill holes completed
Figure 3. Location of newly staked claims in red
Figure 4. Location of the Goodfish-Kirana in regional
context
Analytical Procedures and QA/QC
Program design, management, and Quality Control/Quality
Assurance are conducted by Warrior Gold's exploration group under
the supervision of Tom Neelands,
P.Geo, who is the Company's Qualified Person.
Drill core samples are cut by diamond saw at CXS in Larder Lake, Ontario, 27 km east of
Kirkland Lake. A halved core
sample is left in the core box with the other half core sampled and
transported by Warrior Gold's personnel in securely sealed bags to
ALS preparation laboratory in Timmins, Ontario. After
sample preparation, samples are shipped to ALS's Vancouver facility for gold and ICP analysis.
Gold assays greater than three g/t are re-assayed on a 30 g split
by fire assay with a gravimetric finish. ALS is a certified and
accredited laboratory service. ALS routinely inserts certified gold
standards, blanks and pulp duplicates, and results of all QC
samples are reported.
The technical information contained in this news release has
been approved by Tom Neelands, P.Geo., the Chief Geologist of
Warrior Gold, who is a Qualified Person as defined in
"National Instrument 43-101, Standards of Disclosure for Mineral
Projects."
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, 2018 and the third quarter
ended December 31, 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, 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.
SOURCE Warrior Gold Inc.