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Warrior Gold Completes 2019 Phase 2 Drilling at A Zone

20.11.2019  |  CNW

TORONTO, Nov. 20, 2019 -  Warrior Gold Inc. (TSX-V - WAR) ("Warrior Gold" or the "Company") is pleased to announce that the 2019 Phase 2 diamond drilling program on the Goodfish-Kirana property  (Map 1) has been completed. A total of 2,106 metres (10 drill holes) was completed on the A Zone, (Maps 2 and 3 and Table 1). Core logging, geotechnical work, and sampling are ongoing and anticipated to be completed by early December. Assay results are anticipated in January 2020.

"We are very pleased with the efficiency and quality of work delivered by the drilling company. Work was completed ahead of schedule and in a very professional manner. We look forward to receiving the assay results for this phase of the drill program. Our interpretation of these drill results will guide our next steps at the A Zone and assist in our approach in planning for drill targets at the C Zone, which has never been tested below a depth of 100 m," stated Tom Neelands, Chief Geologist, Warrior Gold.

Table 1. Diamond Drill hole location, azimuth and length

Hole ID

Azimuth

Dip

Northing

Easting

Length (m)

GK19-016

024º

-45º

5338683.8

573754.3

138

GK19-017

025º

-55º

5338684

573753.9

190

GK19-018

016º

-45º

5338626.3

573719.6

261

GK19-019

027º

-50º

5338665.1

573641.5

255

GK19-020

022º

-50º

5338629.2

573797.8

201

GK19-021

022º

-60º

5338626.5

573797.8

185

GK19-022

037º

-50º

5338654.2

573560.4

309

GK19-023

022º

-45º

5338699.9

573653.7

159

GK19-024

020º

-60º

5338699.9

573653.7

153

GK19-025

050º

-50º

5338701

573653.3

255

All holes UTM zone 17N



Total m

2,106

 

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 approximately 3 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 which is 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.

SOURCE Warrior Gold Inc.



Contact
Danièle Spethmann, P.Geo., President & CEO, Warrior Gold Inc., +1 647 344-3433, dspethmann@warriorgoldinc.com
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