TORONTO, June 25, 2019 /CNW/ - Warrior Gold
Inc. ("Warrior Gold" or the "Company") (TSX-V -
WAR) is pleased to report its summer prospecting program is now
underway. "These exploration activities build on both the
geological information obtained from the Company's recently
completed drill program and follow up work on previous promising
exploration activity," reported Tom
Neelands, the Company's Chief Geologist. This current
program has been designed to specifically test four promising
targets described in more detail below.
Field work will focus primarily on four potential structures as
shown on Map 1.
a) The Easterly Extension of the Goodfish 'A' Zone. (The 'A'
Zone is divided into the East and West Zones by the NS-trending
Airport Road). During this past winter, the West Zone extension was
successfully drilled with positive results (see our June 6, 2019 news release). The LiDAR survey
indicates extensive historical pitting/trenching in the East
Zone.
b) The Kirana Deformation Zone ("Kirana DZ") which was extended
by another 1,000 m to the west
south-west with the addition of the Deloye Patents.
Prospecting around the areas of the Deloye Shafts #1 and #2 will
complement the mechanical trenching that was completed in the Fall
of 2018.
c) The Easterly Extension of the Kirkland Lake Break ("KLB")
which crosses the south-east corner of the property. This includes
the nearby Ed Hargreaves shafts and
veins. Government mapping and previous drilling indicate that both
the KLB and Ed Hargreaves workings
dip north onto Warrior Gold's property.
d) A strong four km-long east-west trending aeromagnetic
lineament was identified by the detailed (50
m line-spacing) aeromagnetic survey flown in the spring of
2018 by Warrior Gold. The historical Violette Au-Mo shaft is the only exploration on
record. The "Violette" Lineament has a geophysical signature
similar to the Kirana DZ.
Danièle Spethmann, Warrior Gold CEO emphasized, "We are really
pleased by our recent drill results and the initiation of this
'boots on the ground' program. As one of the most effective
exploration techniques, it will continue to add valuable data to
our geological understanding and drill hole targeting of this large
and very promising land package. We believe the current rising
interest in global gold markets will begin to reflect positively on
promising juniors - particularly those in high quality gold
producing camps that are located in secure jurisdictions."
The technical information contained in this news release has
been approved by Tom Neelands, P.Geo., the Chief Geologist for
Warrior Gold, a Qualified Person as defined in National
Instrument 43-101, Standards of Disclosure for Mineral
Projects.
About Warrior Gold Inc.
Warrior Gold, a TSX Venture Exchange listed Company, 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 north
north-east trending Goodfish 'B-C' Zones; 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.