Business
Warrior Gold Quadruples Land Position in Kirkland Lake Gold Camp
TORONTO / Aug 03, 2021 / Business Wire / Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the “Company”) is pleased to announce that the Company has entered i
About this update from Kirkland Lake Discoveries Corp.
[{"type":"text","content":"TORONTO / Aug 03, 2021 / Business Wire / Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the “Company”) is pleased to announce that the Company has entered into an option agreement with an arm’s length party to acquire a 100% interest in the KL West (“KLW”) and KL Central (“KLC”) land packages. The KLW land package comprises 107 mining claims totaling 11,792 hectares and the KLC land package comprises eight mining claims totaling 2,302 hectares for an aggregate of 115 claims totaling 14,094 hectares. The KLW land package is contiguous to and west of the Company’s Goodfish-Kirana project and the KLC land package is contiguous to Warrior Gold’s newly acquired Arnold claim block which is adjacent to both Agnico Eagle’s Kirkland Lake Project and New Found Gold’s Lucky Strike Project. Following the acquisition, Warrior Gold’s land position will consist of 373 claims and 29 patented claims, totaling 18,884 hectares, ranking the Company as one of the largest landholders in the camp. Danièle Spethmann, President and CEO of Warrior Gold, stated, “We are extremely excited with the opportunity to increase our land position in the gold-rich Kirkland Lake camp with prospective, underexplored properties which will make Warrior Gold one of the largest landholders in the camp and significantly increase our regional upside potential. These claim groups are strategically situated contiguous to Warrior Gold’s existing land package, as well as Agnico Eagle’s Kirkland Lake Project, the Upper Beaver deposit, and are contiguous to New Found Gold’s Lucky Strike Project. All these properties are host to historical mine and exploration shafts, numerous high-grade gold and copper showings and occurrences as well as regional structures. The acquisition of these properties is indicative of Warrior Gold’s commitment to a discovery in the Kirkland Lake camp.” The KLW land package is located just 10 km northwest of the town of Kirkland Lake in the heart of the Kirkland Lake gold camp which has produced in excess of 47 million ounces of gold in its 100-year history1. The property hosts numerous intersecting northeast and northwest trending faults and structures that cut through a variety of the volcanic-dominated Blake River Group. Felsic and mafic-ultramafic intrusive rocks are also present giving the KLW land package a variety of environments conducive to ...