Warrior Gold Increases Land Holdings in Kirkland Lake, Ontario

2022-02-16 05:38:59

TORONTO / Feb 16, 2022 / Business Wire / Warrior Gold Inc. (TSX-V – WAR) (“Warrior Gold” or the “Company”) is pleased to announce that it has staked additional claim blocks, adding to the KLW land package (Figure 1) increasing the Company’s total land position from 19,350 hectares to 20,769 hectares. Warrior Gold is the second largest landholder in the Kirkland Lake camp with a combined strike length of 32 km (east west) and 22 km (north south) containing numerous regional structures, anomalous minerals showings and favourable geophysical anomalies.

Figure 1. Warrior Gold Land Position in the Kirkland Lake Gold Camp (Graphic: Business Wire)

The Company’s land package in the Kirkland Lake camp is hosted in the Blake River Assemblage, the same rock unit that hosts Agnico Eagle’s Upper Beaver gold deposit (1.4Moz/5.43 g/t Au)1. The newly acquired claims host several regional structures interpreted from the Ontario government maps as well as several anomalous geochemical sample sites as identified by the Geological Survey of Canada regional geochemical surveys which were undertaken in 1975 and 19802. The addition of these new claims blocks will facilitate Warrior Gold’s exploration targeting exercises as the Company reviews data acquisition plans for the upcoming field season.

About Warrior Gold Inc.

Warrior Gold is a TSX Venture Exchange listed company that has consolidated significant and prospective land packages 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 date3. The properties are host to regional and property-scale mineralized structures that are considered to be 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’s land position in the Kirkland Lake Gold Camp comprises 20,769 ha, over 444 claims and 29 patented claims and ranks the Company as one of the largest landholders in the Kirkland Lake region.

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, 2021 and the second quarter ended September 30, 2021, which are available on the Company profile on SEDAR – 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.

1 Ontario Geological Survey, Ontario Mineral Inventory, Record MDI32D04SW00068, Created 1984, Updated January 30, 2022
2 Goodwin, A.M. 1980. Archean Volcanic Studies in the Timmins – Kirkland Lake – Noranda Region of Ontario and Quebec; Geological Survey of Canada, Bulletin 278, 1980, 51 pages (1 sheet) https://doi.org/10.4095/106237
3 https://mmsd.nrcan-rncan.gc.ca/PDF/MIS2020TableG01a-en.pdf



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