Warrior Gold drills 2.45 m of 21.33 g/t Au at Goodfish

Jun 6, 2019

2019-06-06 07:16 ET – News Release

Ms. Daniele Spethmann reports


Warrior Gold Inc. has released results of the company’s winter diamond drilling program (15 drill holes — 2,218 metres) at its 100-per-cent-owned Goodfish-Kirana project in the Kirkland Lake camp in Ontario. Selected highlighted assay results from the phase 1 program are provided in the associated table.

Program highlights:

  • Numerous significant gold assays obtained;
  • Repetition of historical high-grade assays achieved;
  • Confirmation of geological model.

Significant drill results

At C zone:

  • GF19-003: 21.33 grams per tonne gold over 2.45 metres (at a vertical depth of 90 m) including 103 g/t Au over 0.50 m with visible gold;
  • GF19-004: 10.40 g/t Au over 0.90 m (at a vertical depth of 28 m);
  • GF19-005: 7.75 g/t Au over 1.0 m (at a vertical depth of 47 m);
  • GF19-005: 6.56 g/t Au over 0.95 m (at a vertical depth of 89 m);
  • GF19-007: 104.5 g/t Au over 1.0 m (at a vertical depth of 53 m).

At A zone:

  • GF19-008: 9.04 g/t Au over 5.37 m (at vertical depth of 44 m) including 42.70 g/t Au over 1.0 m;
  • GF19-009: 1.12 g/t Au over 13.46 m (at vertical depth of 67 m) including 4.90 g/t Au over 1.35 m;
  • GF19-011: 1.75 g/t Au over 5.47 m (at vertical depth of 82 m) including 4.04 g/t Au over 1.2 m;
  • GF19-013: 6.47 g/t Au over 1.0 m (at vertical depth of 39 m) including visible gold.

The Goodfish-Kirana property is located five km north from downtown Kirkland Lake, in the Blake River mafic volcanics, north of the Cadillac Larder Lake fault zone, and within the Abitibi greenstone belt. The property hosts three major gold-mineralized geological structures, as well as many historical shallow pits and shafts that date back to the 1930s. The Goodfish-Kirana property is a recently consolidated significant land package that has been underexplored due to past fragmental ownership. Warrior Gold has completed 2,800 m of drilling from 20 holes (five in 2018 and 15 in 2019) and the newly confirmed gold mineralization remains open along strike and at depth.

Daniele Spethmann, president and chief executive officer, commented: “We are very pleased with the results of this phase 1 drilling campaign which has substantiated the historical high-grade gold results. The drilling results indicate that mineralization is open both along strike and at depth at the A and C zone. Additionally, at Deloye drilling has been demonstrated that the auriferous cataclastic deformation zone (Friedman 2019), the Kirana deformation zone extends 1,000 m westward to the Kirana Kirkland mine shaft. This drill program has increased our understanding of the geological controls and we look forward to applying this valuable knowledge to the summer field program and the subsequent drill campaign.”

                         SIGNIFICANT ASSAY INTERCEPTS 
Drill hole            From           To        Length                    Grade 
                       (m)          (m)           (m)                 (Au g/t)

GK19-001             45.63        48.62          2.99                     1.61
GK19-002                                         0.00     no significant value
GK19-003            137.00       139.45          2.45                    21.33
                    137.00       137.50          0.50                   103.00
GK19-004             43.60        44.50          0.90                    10.40
GK19-004             84.68        85.78          1.10                     4.35
GK19-005             56.96        57.96          1.00                     7.75
GK19-005            104.85       105.80          0.95                     6.56
GK19-006                                         0.00     no significant value
GK19-007             97.58        98.58          1.00                   104.50
GK19-008             65.24        70.61          5.37                     9.04
                     65.24        66.24          1.00                    42.70
GK19-009             74.64        88.10         13.46                     1.12
                     79.53        80.88          1.35                     4.90
GK19-010             45.42        46.42          1.00                     0.66
                     80.00        81.50          1.50                     1.46
GK19-011             79.80        85.27          5.47                     1.75
                     79.80        81.00          1.20                     4.03
GK19-012                                                             abandoned
GK19-013             37.50        38.50          1.00                     6.47
                     93.00        94.28          1.28                     1.72
GK19-014             56.50        60.00          3.50                     1.71
GK19-015             79.69        82.70          3.01                     1.73

Intervals have been presented in core length; diamond drill holes are planned 
to intersect mineralization as close to perpendicular to strike as possible 
or known; the true widths are estimated to be 75 to 85 per cent of the 
downhole length when hole and dips of the mineralized horizons are considered.
Assays results as presented have not been capped. Intercepts occur within 
geological boundaries of major zones but have not been correlated to 
individual structures/horizons within these zones.
Vertical depth is measured from the surface to the midpoint of the reported 

The drilling program was designed to validate the historic drill results, to gain an understanding of the mineralization controls as well as to test strike length and the depth of mineralization.

The Goodfish A shear zone is defined by an approximately 15 m wide, crosscutting corridor of anomalous gold, localized high-grade Au domains, intense shearing, discrete fault damage zones and pervasive sericite plus carbonate plus silica alteration. Within the high-grade corridor defined by historic drilling, Warrior Gold’s drill program confirmed grade continuity intersecting 9.04 g/t Au over 5.37 m (GK19-008). Drilling at the A zone successfully confirmed the continuation of the Goodfish deformation zone about 140 m west of historic intercepts where the drill hole was terminated in the underground workings at the onset of gold mineralization. Visible gold was identified uphole prior to intersecting the workings. The A zone remains open in all directions and has been tested only by historic drilling to a vertical depth of 230 m. Warrior Gold’s 2019 program drilling did not exceed 100 m below surface.

The C zone drilling determined the high-grade potential of the area by intersecting two 100 g/t gold intervals (GK19-03 and GF19-07). Drilling encountered multiple zones of intense deformation and sericite-carbonate alteration. Inferred structural complexity from airborne magnetics suggests the presence of a crosscutting structure which requires additional testing.

Drilling at Deloye achieved the program objectives by successfully testing the stratigraphy around the historic workings providing an understanding of the mineralization style and control of previously mined rock. First pass drilling intersected a significant deformation zone, inferred to be the auriferous cataclastic Kirana deformation zone (Friedman 2019), at the margin of a substantial quartz-feldspar porphyry. Lower-grade gold was encountered along the margins of the intrusion within the sheared domain.

“The high-grade gold intersections with visible gold at the A and C zones are open in all directions and have been encountered at relatively shallow depths for the Abitibi greenstone belt. Future drilling will focus on these zones as well as the auriferous Kirana deformation zone,” added Tom Neelands, Warrior Gold’s chief geologist.

Analytical procedures and quality assurance/quality control

Program design, management and quality control/quality assurance are conducted by Warrior Gold’s exploration group under the supervision of Mr. Neelands, the company’s qualified person. GeoVector Management Inc. of Ottawa, Ont., led by Tim Chadwick, MSc, supervised all aspects of the core logging which included: core orientation, photography, geology, structural measurements, magnetic susceptibility, core lost, and the insertion of standards and blanks. Standards were obtained from Analytical Solutions Ltd. and the QA/QC results were reviewed by Naaznin Pastakia.

Drill core samples are cut by diamond saw at CXS in Larder Lake, Ont., 27 kilometres east of Kirkland Lake. A halved core sample is left in the core box with the other half core sampled and transported by Warrior Gold’s personnel in securely sealed bags to ALS preparation laboratory in Timmins, Ont. After sample preparation, samples are shipped to ALS’s Vancouver facility for gold and ICP (inductively coupled plasma) analysis. Gold assays greater than three grams per tonne are reassayed on a 30 g split by fire assay with a gravimetric finish. ALS is a certified and accredited laboratory service. ALS routinely inserts certified gold standards, blanks and pulp duplicates, and results of all QC samples are reported.

The technical information contained in this news release has been approved by Mr. Neelands, 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 owns the Goodfish-Kirana property located five km from the town of Kirkland Lake, Ont. 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.

We seek Safe Harbor.

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