Project of the Week: Goodfish-Kirana, Canada

Warrior Gold (TSXV:WAR) is focussed on high-grade gold exploration of its 100% owned, 4,122 ha contiguous land package known as the Goodfish-Kirana Property, aptly named after two prospective structural trends in the area.  Located in the Kirkland Lake Mining Camp in the Abitibi Belt, Ontario (Figure 1), Warrior’s project is in a world-class location in terms of access to mining finance, infrastructure and of course, gold. The Abitibi Belt is famously well endowed and has produced an estimated >200 million ounces Au to date.

Figure 1. The location of the Goodfish-Kirana property in the Abitibi Gold Belt, Ontario. The project is in world-class company with many other gold deposits in the region.

With respect to Goodfish-Kirana we are back to talking about one of my favourite deposit types, orogenic gold, and to all intents and purposes exploration results so far are indicating all the trappings of a classic orogenic gold deposit.

First, we have structural control. The property is intercepted by three significant structural trends (Figure 2). The Kirana and Victoria Creek deformation zones trend oblique (~E-W to WNW-ESE) to the regional Kirkland Lake Main Break, and these regional trends are gold-bearing.  Second, we have lithologies that are known to be favourable for gold mineralisation including volcaniclastic units, pillow basalt, quartz-feldspar porphyry, and variolitic[1] basalt. Lithologies show intense deformation and alteration. The latter refers to a sericite-carbonate-silica-pyrite altered shear zone with intense brecciation of multiple generations of quartz-carbonate veining.  Finally, but certainly not least, we have evidence of the ultimate gold pathfinder…gold! A historic channel sample returned grades up to 2275 g/t Au (over 0.60 m) and grab samples of up to 224 g/t Au.

Figure 2. The Goodfish-Kirana land package. The 18 historic pits and mine shafts are shown, some with names. The main structural trends and the Goodfish gold trend are shown. DZ = deformation zone.

Warrior’s land package is large and the Company conducted early exploration at this regional-scale. They have executed an airborne survey that included VLF and electromagnetics and very early they flew a LiDAR survey. Further exploration work includes structural interpretation from the above surveys, and a revisiting of 90 km of Induced Polarisation data acquired by past land owners, relogging of historic drill core, and field mapping. Diamond drilling was carried out in 2018 (600 m) and 2019 (4,330 m). Highlights from drilling include 2.45m @ 21.33 g/t Au and the results in Table 1.

Compiling their data in 3D space, Warrior delineated 19 detailed exploration targets across the area. The majority of these exploration targets are distributed in the centre of the land package around the mineralised Goodfish trend, with several located in the south east of the area near the Kirana deformation zone and the Kirkland Lake Main Break. The focus targets at this time are situated on the trend of two gold discoveries - the A Zone and the C Zone (Table 1), both of which are coincident with historic mine shafts.

Table 1. Grade of discoveries defining two target zones at Goodfish-Kirana.

 

The 2020 drill campaign focussed on the A and C Zones, specifically delineating the extent of mineralisation.  They completed nine holes equating to 2,895 m, where 2,448 m was drilled at the A Zone and the remaining 447m at the C Zone.  Significant results from the former include one of the highest-grade intervals intercepted by Warrior as of yet, 2.65 g/t Au over 22.3m with visible gold. Visible gold was observed more than once in the A Zone (Figure 3). The C Zone showed grades of 3.41 and 3.93 g/t Au over 2m and 3m respectively. Detailed drill results can be found in the resources below[2].

Figure 3. Core from the 2020 drill program. A grain of visible gold can be seen in the right-hand picture. Core shows brecciation of quartz-carbonate veins.

While drilling did extend the known area of mineralisation at the A Zone, it remains open in all directions. This represents a fat lot of upside potential for Warrior, but also a fair amount of work to do. It may seem that exploration has moved quickly at Goodfish and I would agree with you, but as Danièle Spethmann, Warrior Gold’s CEO, points out it is refined exploration tools combined with good old boots-on-the-ground that has allowed the process to move quicker than in the past. This is particularly the case where the deposit model and regional setting are well understood which is inarguably true of orogenic gold in the Abitibi Belt.

If you aren’t yet convinced, the Kirkland Lake Break is host to a +7 past producing gold mines, where high grade gold has been extracted at depths of up to 2.2 km. Ontario is a tier 1 mining jurisdiction and Kirkland Lake itself has a long history (100 years!) of gold production. If and when Warrior looks to develop what they find at Goodfish-Kirana, I can’t imagine it will be a difficult sell.

So, what is next for Warrior at Goodfish-Kirana? Their team of geologists is assessing the results of their recent exploration and putting plans in place.  Danièle’s enthusiasm about the project is lovely to hear. Her faith lies in their tried-and-tested business model, their team of geologists and the opportunity for discovery at Goodfish-Kirana. She describes Warrior as “The real deal”.

Esme

All information in the above article sourced from Warrior Gold’s website and materials contained within as well as personal communications with Danièle Spethmann (CEO & President, Warrior Gold Inc.).

[1] - Variolite is a textural term for a mafic volcanic rock with spherical globules in a fine-grained matrix, formed by rapid cooling.

Further Information:

Warrior Gold:

https://www.warriorgoldinc.com/

Corporate Video (Very good!):

https://vimeo.com/443213652

The Goodfish-Kirana Project:

https://www.warriorgoldinc.com/project-overview

[2] - Recent drill results (23rd Sept 2020):

https://www.warriorgoldinc.com/post/warrior-gold-extends-mineralization-intersects-in-new-high-grade-vein-system