Business
Warrior Gold Provides Exploration and Corporate Update
TORONTO / Mar 31, 2022 / Business Wire / Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the “Company”) is pleased to provide an exploration and corporate up
About this update from Kirkland Lake Discoveries Corp.
[{"type":"text","content":"TORONTO / Mar 31, 2022 / Business Wire / Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the “Company”) is pleased to provide an exploration and corporate update on the Optical Televiewer (“OTV”) imaging survey results, additional prospective ground in the Kirkland Lake Gold Camp and the addition of Peter Grieve to the Company’s geological technical team. Terrane Geoscience completed their interpretation and analysis of the Optical Televiewer imaging (OTV) of the Fall 2021 diamond drilling program (eight diamond drill holes totaling 2,829 m). Measurements of A Zone structural fabrics and vein orientations suggest a steeply west-plunging structural control on the geometry of high-grade gold mineralized zones. This analysis is consistent with Warrior Gold’s interpretation of historical OTV data and is supported by the gold-rich intersections from the recent drill campaign (Figure 1). The next phase of drill hole targeting will prioritize down-plunge extensions below the mineralized interval of 2.93 g/t Au over 7.8 m starting at 376 m in drill hole GK21-049 and exploration for additional high-grade shoots along strike and parallel to the known trend. “The results of the structural analysis support Warrior Gold’s understanding of the high-grade gold trends at the A Zone. We are pleased with the results of Terrane’s thorough analysis which suggests a possible periodicity of these high-grade shoots along strike. Warrior Gold has found anomalous and high grades of gold in 88% of the diamond drill holes to date, giving us confidence that our drill targeting is focused on areas of the highest potential for gold mineralization at the A Zone. We look forward to following up these excellent results with additional field work and diamond drilling this summer,” stated Danièle Spethmann, President and CEO. An updated NI 43-101 technical report incorporating the last three years of exploration work is being finalized and will be released in April. The Company has staked 29 new claims (approximately 588 ha) in Melba township (Figure 2). These claims are contiguous to the northern part of the KLW land package and are immediately west of the Barnet Creek Fault Zone, a prominent north-south-trending fault that is considered to be the structural control on nearby gold occurrences as documented in Ontario government archives1. These additional cla...