● Assay of 6.61% Cu, 47.9 g/t Ag and 2.24
g/t Au in Summer-Fall Grab Samples ●
Warrior Gold Inc. (TSX-V: WAR) (“Warrior Gold” or the
“Company”) is pleased to announce that several grab samples
from the summer-fall field mapping and sampling program on its
Kirkland Lake West (“KLW”) and Kirkland Lake Central (“KLC”) claim
groups (Figure 1) returned several significant high-grade Cu-Ag-Au
assays within a 1,400 m2 outcrop area. In addition, the data from
the airborne surveys (LiDAR/airborne magnetics news release on
September 8, 2022) has been processed and interpreted.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230124005491/en/
Figure 1: Warrior Gold’s high-grade
Cu-Ag-Au result on the KLW claim group. (Graphic: Business
Wire)
Highlights
- Grab samples of 6.61% Cu, 47.9 g/t Ag and 2.24 g/t Au (see
Figure 1 and Table 1);
- Samples are also anomalous in Bi (bismuth), Mo (molybdenum) and
Te (tellurium), and associated magnetite, pyrite, epidote, hematite
and calcite alteration minerals;
- Mineralization occurs in stockwork quartz-carbonate veinlets
and fractures hosted in mafic volcanics;
- Airborne magnetic and LiDAR survey results and LiDAR maps
identify many previously unrecognized structural features be
explored for mineralization increasing the prospectivity of the
Company’s district-scale land package (250 km2).
Table 1 - Selected Grab Sample Highlights - KLW Summer-Fall
Sampling Program*
Sample
Number
Easting (m)
Northing (m)
Cu
%
Ag
g/t
Au
g/t
Bi
ppm
Mo
ppm
Te
ppm
E46034
557234
5340670
2.17
14.70
1.230
36.4
125
8.2
E46035
557234
5340670
1.90
8.68
0.156
17.0
110
3.5
E46036
557234
5340670
7.00
25.00
0.519
55.1
431
15.2
E46037
557234
5340670
6.61
47.90
2.240
118.5
151
40.9
E46038
557241
5340670
2.47
15.05
0.249
45.7
344
10.5
Coordinates in NAD83 datum, Zone
17U.
Note: *Grab samples acquired
during prospecting are selective by nature and are used as a vector
for future exploration. The reader is cautioned that grab samples
may not represent the true grade or style of mineralization across
the Property.
Danièle Spethmann, CEO of Warrior Gold, stated:
“We are very pleased with the final assays received from the
summer-fall field program on the KLW and KLC claim groups. These
results will be integrated with the known geology and associated
mineralization trends as well as applied to the structural
interpretation generated from our recent heliborne survey. This
work is supportive of our exploration and targeting for our 2023
program.
The Abitibi is a prolific gold and mineral-rich belt, and the
continued positive results of our exploration efforts support our
belief that the opportunity for discovery is probable. The
Company’s sound scientific approach to exploration provides the
foundation and pathway to discovery.
The Company’s technical team of geophysicists, structural
geologists, and field geologists have undertaken a review of the
2022 drilling, field and airborne survey results and will conduct a
targeting exercise to plan and budget exploration programs for
2023.”
Summer-Fall Field Program
This past summer-fall mapping and sampling project was
undertaken over 45 field days. The team collected 239 grab samples
in a preliminary prospecting and mapping effort across the KLW and
KLC claim groups.
In addition, a 3,400 km heliborne geophysical survey of the KLW
and KLC land packages was completed as announced in the June 24,
2022 news release.
Property
The KLW and KLC (includes the Arnold property) claim groups
comprise an area of 18,903 hectares (ha) and, combined with the
Company’s flagship Goodfish-Kirana claim group (4,368 ha) and KL
Bridge and KL East (1,610 ha) properties, makes Warrior Gold the
second largest mineral claim landholder in the Kirkland Lake gold
camp (~25,000 ha). Tens of kilometres of regional mineralized
structures, as well as many historical pits, shafts and underground
workings have been identified on Warrior Gold’s properties and
remain to be fully explored.
Geology KLW
The southwest portion of the KLW claim group is hosted within an
apparently rotated north-south block of the Blake River Assemblage.
North-south-trending structures and faults have been mapped by the
OGS. Reconnaissance geological mapping by Warrior’s field
geologists in this area identified the presence of widespread
epidote alteration in mafic volcanic host rocks, felsic intrusive
porphyries and quartz veining with breccia textures. The Company’s
recent assay results were returned from grab samples of mafic
volcanics with stockwork quartz-carbonate veinlets and fractures
accompanied by magnetite, pyrite, epidote, hematite, and calcite.
Samples were anomalous in Bi (bismuth), Mo (molybdenum) and Te
(tellurium). This is similar to samples with higher gold values
that are correlative with increased levels of Bi, Mo and Te at the
Upper Beaver Deposit1.
The geological environment, alteration, and mineralization of
the grab samples in the KLW have similarities to the Upper Beaver
deposit located east of Kirkland Lake; Upper Beaver is currently
being developed by Agnico Eagle1,2,3,4.
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.
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 date5. 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 ~ 25,000 ha, over 617 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.
References
- Feick, K. (2014). Alteration in UB11_192 from the South Contact
Zone of the Upper Beaver Gold-Copper Deposit, BSc Thesis, Earth
Sciences Department, University of Waterloo, Waterloo, Ontario
- Feick, K. (2016). An Evaluation of the Lithologies and
Geochemistry of the Upper Beaver Deposit of the Kirkland Lake Area,
Ontario MSc Thesis, Earth Sciences Department, University of
Western Ontario, London, Ontario
- Intrusion-Associated Gold Systems and Multistage Metallogenic
Processes in the Neoarchean Abitibi Greenstone Belt. Minerals 2021,
11, 261.
-
https://www.agnicoeagle.com/English/exploration/exploration-projects/Kirkland-Lake-project/default.aspx
- 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
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 second quarter
ended September 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230124005491/en/
For additional information please contact:
Danièle Spethmann, P.Geo. President & CEO Warrior Gold Inc.
+1 647 344-3433 dspethmann@warriorgoldinc.com
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