/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED
STATES/
TORONTO, Oct. 21, 2019 /CNW/ - Warrior Gold Inc.
(TSX-V:WAR) ("Warrior Gold" or the "Company") is pleased
to confirm that the follow-up diamond drilling program,
announced by the Company on October 10,
2019 is planned to commence November
1, 2019. The drilling program's focus will be on the A and C
Zones which returned excellent results in the previous program (see
the news release of June 6,
2019).
"We anticipate that the high-grade intersections in the A and C
Zones will be extended along strike. Additionally, the presence of
parallel zones south of the Goodfish A Zone will also be
investigated," stated Tom Neelands,
Chief Geologist, Warrior Gold.
The Company wishes to report that further to its news releases
of September 17, 2019 and
September 26, 2019, which
announced a non-brokered private placement of up to
$1,500,000 (the "Offering")
and the subsequent closing of a $859,983 first tranche, the TSX Venture Exchange
has granted the Company a 30 day extension to this Offering, with
all terms and conditions remaining the same.
Closing of the Offering is subject to certain conditions
including, but not limited to, the receipt of all necessary
corporate and regulatory approvals, including the approval of the
TSX Venture Exchange. The Offering will be conducted in reliance
upon certain prospectus exemptions.
About Warrior Gold Inc.
Warrior Gold is a TSX Venture Exchange listed company that owns
the Goodfish-Kirana Property located five kilometres north of 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 kilometres 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, 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.
