ACQUISITION INFORMATION
WARRIOR GOLD CONSOLIDATES LARGEST LAND PACKAGE IN KIRKLAND LAKE
Warrior Gold Signs Agreement to Acquire New Found Gold’s Lucky Strike Property to Create the Largest Wholly Owned Land Package in the Kirkland Lake Gold Camp
Proposes name change to KIRKLAND LAKE DISCOVERIES
Warrior Gold is pleased to announce that it has entered into an asset purchase agreement with New Found Gold (NFG), dated February 21, 2023, pursuant to which Warrior Gold has agreed to acquire from NFG all of the properties comprising its Lucky Strike project located in the Kirkland Lake gold camp in Ontario, Canada. The completion of the Transaction is subject to regulatory approval and certain other conditions as described in the February 22 news release.
WHAT DOES THIS OPPORTUNITY MEAN FOR WARRIOR SHAREHOLDERS?
UNIQUE
EXPLORATION
OPPORTUNITY
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Largest landholder in the world-class Kirkland Lake gold camp at ~365 km2, the result of years of work and negotiations with many landholders
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Combined district-scale geologically prospective land package: 53 km length
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First-time consolidated land package in a historically fragmented ownership area
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Previously under-explored because of geological dogma (“no gold north of the break”) has hindered previous exploration
STRONGER
KLD
TEAM
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New team of successful geologists and entrepreneurs, with a combination of market and technical successes
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Access to technical teams with the skills and tools to advance this project technically
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New Board of Directors led by Denis Laviolette founder and President of New Found Gold and Warrior Gold Board members, Steve Burleton, Gary Nassif and Danièle Spethmann
ATTRACTIVE
TO THE
MARKET
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New team will attract the attention of investors and strategic partners – increasing valuation and ability to raise funds to explore
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Quicker route to discovery with the funds to explore; discoveries are directly proportional to the amount of exploration dollars put in the ground
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Larger regional (or “district-scale”) footprint makes for a more attractive partner/ for mid-tier and majors operating in the camp
NEW COMPANY - KIRKLAND LAKE DISCOVERIES PROPERTY POSITION
BOARD OF DIRECTORS AND MANAGEMENT
New Found Gold and Gold Spot Founder Denis Laviolette to join as Chairman
Upon completion of the Transaction, the proposed board of directors of Warrior Gold will include:
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Denis Laviolette – Director and Chairman
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Danièle Spethmann – Director, President, and Chief Executive Officer
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Gary Nassif – Director
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Stephen Burleton – Director
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Two additional directors to be nominated by NFG later
GEOLOGY - HOSTED IN THE ABITIBI GREENSTONE BELT
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A prolific good belt: +200Moz of gold production, and still active, continuing to produce.
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The Kirkland Lake gold camp is a world-class mining camp and has produced +47Moz– host to high-grade gold mines that produced millions of ounces (the Kerr/the Lake Shore) and still producing high-grades at Macassa – average 17 g/t Au at 2.5 km depth.
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Lucky Strike property has segment of the MERC[1] transect survey suggesting the Mulven is a deep seeded fault off the Cadillac Larder Lake Break – the regional structure associated with many gold deposits in the region[2]
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The combined property has many multi-ounce mineralized showings (lots of smoke) - four past-producing mines – +60 kms of major mineralized structures and hundreds of kilometers of second- and third-order structures to be explored with favourable geological settings – the right rocks, geophysical signatures, with more structures to be explored: gold, copper silver, and other precious and strategic minerals.
