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Warrior Gold Inc.

Warrior Gold is exploring mineral resource properties with a focus on gold in Northern Ontario

The Company has a significant land position in the world-class Kirkland Lake Gold Camp five km north of the Town of Kirkland Lake and adjacent to Kirkland Lake Gold Inc.’s high grade gold producing mine. The Company’s Goodfish-Kirana Property is 11.5 km long by approximately 3 km wide. The land package has never been consolidated or systematically explored on surface or more than 200 m below the surface. Numerous historical gold showings, significant structural breaks, proximity to nearby significant past gold producers and a land package that has been under-explored with modern technology has the potential to host an exciting discovery.

 

Kirkland Lake

A World Class Mining Jurisdiction

Canada remains one of the top destinations for global exploration investment, and Ontario has been rated in the top five of the best mining jurisdictions in the world*. Gold was first discovered in Kirkland Lake by W. H. Wright in 1911 on what became the Wright-Hargreaves Mine. The first gold production occurred in 1913 and over time there have been over 60 mines identified with some mines having produced continuously for over 50 years. The mines of Kirkland Lake have produced 40 million ounces at a recoverable grade of 8.2 grams per tonne and the district is second in gold production only to Timmins in the western part of the Abitibi Greenstone Belt .
* Fraser Institute 2011

 
 

Kirkland Lake Gold Camp

Geologically, the Kirkland Lake Gold Camp is a favourable gold exploration target due to major structural features and breaks that host world-class high-grade gold deposits. Operationally, the Kirkland Lake Gold Camp is in an ideal location due to its long mining history, a skilled local work force, supportive First Nations, year-round ease of access via the local airport, three main highways and truck and ATV accessible bush roads. The region hosts abundant water and is well supplied with power.


Goodfish-Kirana Property

The Goodfish-Kirana Property consists of a significant land position within a prime gold producing mining camp.

The world-class Kirkland Lake Gold Camp, which has produced more than 40 million ounces of gold, is in a geological region that has yielded more than 200 million ounces.

Warrior Gold holds a large contiguous land package in the western part of the Abitibi Greenstone Belt just north of the Kirkland Lake Gold Camp. The property consists 69 legacy claims and 28 patented claims within 214 operational cells, all combined totaling 3,704 hectares (9,153 acres). The Goodfish-Kirana Property land package was assembled through the signing of eight separate agreements with prospectors and companies. The property has never been fully explored by geologists because of the fragmented land ownership in the past and the historical focus on the main structural breaks to the south.

The Goodfish-Kirana Property has a length of 11.5 km of which 6 km to 8 km host the Kirana Break, a significant geological structure that is known to host gold mineralization.

Exploration and mining work dates back to the early 1900s when high-grade gold was first discovered on the Goodfish-Kirana Property by hand digging exploration pits and mine shafts. There are 18 historical mine shafts and pits on the property and four adjacent to the southern boundary of the property. The Kirana Kirkland Mine, located on the Deloye patented ground, last operated in the 1900s. It contains historical high grades of between 30 g/t and 145 g/t gold. No exploration has been conducted here since the late1980s.

The property hosts significant anomalous gold values from work completed by various individuals and companies over the last 90 years.

Compilation of historical data (NI 43-101 January 2018, Dr. T. Setterfield) identified 10 areas of interest on the property for follow up. Warrior Gold will initially focus exploration on three areas for high grade mesothermal gold mineralization: the Goodfish, the Kirana Extension and Deloye areas where significant historical high-grade gold has been produced or found by diamond drilling, channel sampling and/or field work.

Property Merits

National Instrument 43-101 January 2018

“The presence of prospective lithologies, abundant known gold concentrations with clear semi-regional structural controls, and the proximity to a world-class gold mining camp collectively demonstrate that the property warrants additional exploration. Compared to the Kirkland Lake area immediately to the south, the property has not received much attention from academic or exploration geologists. The immediate Kirkland Lake area has been mapped in great detail, but the Goodfish-Kirana Property has not. Because of the numerous patents present, it has historically been difficult to acquire a large land position and examine the big picture, which Warrior Gold is now in a position to do. The property-scale structural picture is better understood now because of the recent VTEM and LiDAR surveys, so future exploration should be more efficient. The over-riding conclusion has to be that the property merits a comprehensive exploration program. Such exploration should be multidisciplinary, comprising geological, structural, geophysical and geochemical studies, along with abundant drilling.”

Dr. Tom Setterfield, PhD, Vice President, GeoVector


Geological Belt Overview

The Company's claims in Kirkland Lake are centrally located in the Abitibi Greenstone Belt ("Abitibi Belt"), in the Superior Province of the Canadian Shield. The Abitibi Belt is the largest Archean (i.e.greater than 2.5 billion years old) belt of its kind in the world and is also one of the most prolific in terms of mine production. It is a 750-km long by 250-km wide belt of deformed and metamorphosed volcanic and sedimentary rocks.

The Goodfish-Kirana Property is within the Western Abitibi Subprovince. The structural complexity and poor exposure of the subprovince have made comprehensive stratigraphic syntheses difficult. Instead, the district has been divided into a number of "tectonic assemblages", on the basis of similarities in stratigraphy, lithochemistry, age dates and aeromagnetic and airborne EM signatures. Since the initial division of the Abitibi Greenstone Belt into tectonic assemblages, more accurate and more abundant age dates have enabled a simplified and improved delineation of the assemblages to be made. The property is underlain by the lower unit of the Blake River Assemblage. This unit is 2704 to 2701 Ma in age, and is dominated by tholeiitic mafic volcanic rocks, with lesser felsic volcanic rocks. Minor amounts of Timiskaming Assemblage sediments occur in the northern and southeastern tips of the property.

Major gold deposits in the Western Abitibi Subprovince are typically proximal to either the Destor Porcupine Break or the Larder Lake Cadillac Break, or to associate faults. In Kirkland Lake, most deposits found to date are spatially associated with the Kirkland Lake Main Break. The Goodfish-Kirana Property is north of both the Cadillac-Larder Lake Break and the Kirkland Lake Main Break. The extension of the latter passes just south of the property.

The property is underlain mostly by Archean mafic volcanic rocks but is locally intruded by quartz-feldspar porphyry intrusions, particularly in the Goodfish Block. Mafic intrusions occur in the southern part of the Eastern Block, and in the eastern part of the Southeastern Block. Minor amounts of intermediate volcanic rocks occur in the western portion of the Northern Block. Timiskaming sedimentary rocks occur in the southern half of the Southeastern Block and underlie Nettie Lake in the northern part of the Airport Block. An alkalic volcanic or intrusive unit is interlayered with these sediments in the Southeastern Block and ice flow indicators on the property vary from southeast to immediately west of south .


Mineralization

Anomalous gold values have been obtained from a number of locations on the property. Without exception, this mineralization is incompletely described. This is mainly because not enough work has been completed to properly document features such as thickness, orientation and continuity of mineralization. Anomalous gold is typically associated with quartz ± carbonate ± pyrite veins, and shows a tendency to be spatially associated with the interpreted Kirana Break and with a north-trending zone in the Goodfish Block. As such, gold mineralization on the property appears to be typical mesothermal style mineralization. The exception is in the St. Pierre area , where anomalous to economic concentrations of silver, zinc, lead and copper locally occur along with gold in the quartz veins.

Management,
Advisors & Directors

Management,
Consultants & Advisors

Danièle Spethmann, P.Geo., President and Chief Executive Officer
Salil Dhaumya, Chief Financial Officer
Tom Neelands, P.Geo., Chief Geologist
Dr. Tom Setterfield, P.Geo., Independent geologist
Betty Anne Loy, Corporate Secretary


Board of Directors

Malcolm Burke
Danièle Spethmann P.Geo.
Peter Winnell

 

Gold Potential of Northern Ontario

"....despite a track record of discovery for more than 100 years, the exploration of the subsurface has barely been scratched..."

CIBC – Institutional Equity Research
May 2010, Executive Summary Excerpt