In admittedly a slow news week, one Vancouver-based junior miner took advantage of its opportunity to shine.
Warrior Gold Inc. (TSX-Venture:WAR) said Thursday it has received positive results from the 3D IP (Induced Polarisation) survey on the recently acquired Deloye Patents located in the Goodfish-Kirana Project.
The company is aiming to explore the extent of mineralization on Deloye associated with quartz-feldspar intrusives on the property. The survey covered 1.4 square kilometres with over 2700 IP data points acquired from a combination of nearly 100 injection points and receiver locations.
Said CEO Danièle Spethmann, "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. 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 was winning the price war late Thursday afternoon, gaining a penny, or 16.7%, to seven cents, on volume of more than 75,000 shares.
