Warrior Gold Receives Final Products of the High-Resolution Heliborne Magnetic, VLF and LiDAR Survey
September 08 2022 - 06:30AM
Business Wire
Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the
“Company”) is pleased to announce that the Company has
received the final products and maps from the high-resolution
heliborne magnetic, VLF and LiDAR Survey completed in June (see
press release dated June 24, 2022) over the Company’s KLW and KLC
claim groups located in the Kirkland Lake gold camp.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220908005407/en/
Map 1: New Regional LiDAR Map of KLW and
KLC with Goodfish-Kirana (Graphic: Business Wire)
The regional 3,400 line kilometre triaxial magnetic, VLF and
LiDAR survey across the KLC and KLW project areas was completed by
Earthlab Inc.’s (formerly GoldSpot Discoveries Corp.) Geophysical
Services division from May 25 to June 14. Processing of the LiDAR
data has just been completed – see Map 1, Regional LiDAR and Map 2,
Airborne Total Magnetics, with property maps available on the
following link.
Warrior Gold will now undertake a structural and magnetic
interpretation of the data, integrating this work with known
mineralization trends to assist in vectoring future exploration to
areas of high merit.
“Our interpretation of the results of the heliborne survey will
be foundational to understanding the structural geology of our new
ground, and as we know, structure is integral to gold
mineralization in the Kirkland Lake gold camp. The newly acquired
LiDAR data highlights undocumented trenching locations which we are
presently ground truthing and sampling,” stated Danièle Spethmann,
CEO of Warrior Gold, who added, “We are continuing our systematic
exploration efforts across our entire land package in this prolific
gold camp and we are optimistic these efforts will lead to a
significant discovery.”
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 date1. 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 Gold’s land position in
the Kirkland Lake Gold Camp comprises approximately 21,673ha, over
487 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, 2022 and the
first quarter ended June 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.
__________________________ 1 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
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220908005407/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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