Vancouver, British Columbia - March 20, 2019 – Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the “Company”) is pleased to announce that it has closed the previously announced private placements (see news releases dated January 21, 2019, February 2, 2019 and February 21, 2019) of flow-through shares and common share units with combined gross cash proceeds received of $936,805.
WARRIOR GOLD INITIATES DRILLING AT GOODFISH KIRANA PROJECT
Toronto, March 14, 2019 – Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the “Company”) is pleased to announce that drilling has commenced on the Goodfish Kirana Project in Kirkland Lake, Ontario. The property is situated approximately 6 km north of the Cadillac Larder Lake Fault Zone in Kirkland Lake (Figure 1), and hosts numerous gold showings, pits, shafts and several historical underground workings.
A 2,200 m diamond drill program of 14 holes has been designed to test four high-priority Zones which exhibit encouraging gold mineralization characteristic of Abitibi-type gold deposits: Goodfish A; Goodfish A-East; Goodfish C Zone and the Deloye Claims (Figure 2). Drilling has started on the Company’s Deloye patented claims.
Vancouver, British Columbia – February 21, 2019 – Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the “Company”) is pleased to announce that it has closed the first tranche (the “First Tranche Closing”) of its previously announced non-brokered private placement offerings of Units, each Unit priced at $0.07 and comprising one common share (“Common Share”) and one-half common share purchase warrant and Flow Through Shares priced at $0.10.
Vancouver, British Columbia – February 1, 2019 – Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” “Company”) plans to undertake a non-brokered private placement offering of 10,714,285 units to raise up to $750,000 in addition to the $500,000 non-brokered flow-through financing announced on January 21, 2019. Each Unit will be priced at $0.07 and will comprise one common share and one-half common share purchase warrant (each whole common share purchase warrant, a "Warrant" (“the Offering”). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.15 for a period of one year after the closing of the Offering, provided that, if at any time following the expiry of the four month hold period the closing price of the shares is greater than $0.30 for 20 or more consecutive trading days, the Company may give notice to the Warrant holders that the expiry date of the Warrants will be accelerated and that the Warrants will expire on the 30th business day following the date of notice.
Vancouver, British Columbia – January 21, 2019 – Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” “Company”) is pleased to announce a non-brokered private placement of 5,000,000 flow-through common shares at a price of $0.10 per flow-through common share to raise gross proceeds of $500,000 (the “Private Placement”).
Danièle Spethmann, President and CEO of Warrior Gold commented, “The proceeds of this financing will be utilized to fund a 2,000 metre drill program anticipated to start in early February 2019. The drill program will test geological targets identified by the Company’s 2018 property work programs that combined geophysical and surface data with historical property information that was compiled into a 3D model providing the Company with a valuable exploration tool.”
WARRIOR GOLD RECEIVES POSITIVE RESULTS FROM IRIS 3D IP ON DELOYE PATENTS
Vancouver, British Columbia – December 27, 2018 – Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” “Company”) is pleased to announce that the Company has received positive results from the 3D IP (Induced Polarisation) survey on the recently acquired Deloye Patents located in the Goodfish-Kirana Project (see Figure #1).
Danièle Spethmann, President and CEO of Warrior Gold stated: “We are pleased with the results of the IRIS 3D IP geophysical survey. This is the first look at the Deloye Patents area of the Warrior Gold land position with this new technology. Several areas of elevated IP responses were identified (see Figure #2). The north-central IP high is located adjacent to the Deloye historic mine shafts south of Goodfish Lake along the Kirana Break. The close correlation of the chargeability high to the area of known mineralization is encouraging and gives us increased confidence that the survey results can be used as an effective tool in refining drill hole locations.”
WARRIOR GOLD INCREASES LAND POSITION STRATEGIC TO THE GOODFISH-KIRANA PROPERTY, KIRKLAND LAKE, ON
Vancouver, British Columbia – December 20, 2018 – Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” “Company”) is pleased to announce the acquisition of a 24-claim package (304.04 ha) adjacent to the northeast portion of the Company’s Goodfish-Kirana Property, together with three contiguous new claims (50.64 ha) staked by the Company. These two strategic additions bring the Company’s land package in the Kirkland Lake Gold Camp to 3704 ha. (Figure 1 - pink shaded areas).
WARRIOR GOLD ANNOUNCES KEY BOARD CHANGE AND REVIEW
Vancouver, British Columbia – November 26, 2018 – Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the “Company”) announces that Paul Carroll, the Company’s Executive Chairman has resigned as Executive Chairman and director effective immediately. Mr. Carroll’s employment contract will terminate on November 30th2018 and he has agreed to waive the notice terms in the agreement
Malcolm Burke, Director stated, “On behalf of the Board of Directors, we wish to thank Paul for his significant contributions to the Company over the past six years.” His industry experience at the highest levels has provided the Company with valuable guidance during challenging periods in the resource markets. Mr Carroll remains a significant shareholder and corporate supporter.
WARRIOR GOLD PROVIDES CORPORATE UPDATE COMMENCES IRIS 3D IP SURVEY AT GOODFISH-KIRANA PROJECT
Vancouver, British Columbia – November 21, 2018 – Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold” or the “Company”) is pleased to provide an exploration update on its Goodfish-Kirana Project located in Kirkland Lake, Ontario.
The Company has completed the fieldwork component of an IRIS Instruments 3D IP (Induced Polarisation) survey on the recently acquired contiguous Deloye Patents located on the Goodfish-Kirana Project (see Figure #1 and Figure #2). The survey has been designed to explore the configuration/plunge of the Kirana-Kirkland Mine mineralisation located on the Deloye patents and other parallel structures associated with quartz-feldspar intrusives on the property. The survey work is being executed by Canadian Exploration Services (CXS) of Larder Lake and is anticipated to be completed by the end of November.
Introduces Name Change Announces Completion of Tres Marias Sale Transaction
Vancouver, British Columbia – October 2, 2018 – Warrior Gold Inc. (TSX-V - WAR) (“Warrior Gold”or the“Company”) is pleased to provide shareholders with updated corporate information with regards to the Company’s name change and final transaction on the Tres Marias zinc mine in Mexico (“the Transaction”).