Warrior Gold Inc. announced that it has entered into an asset purchase agreement with New Found Gold Corp. located in the Kirkland Lake gold camp in Ontario, Canada. The completion of the Transaction is subject to regulatory approval and certain other conditions.

The Lucky Strike Property, located immediately to the east of Warrior Gold's land package, in Kirkland Lake, Ontario, consists of 653 unpatented mining claims covering approximately 11,367 hectares (114 km2). The combined properties would form the largest land package in the Kirkland Lake Gold Camp with an area of approximately 36,300 hectares (363 km2). The consolidated land package is 53 kilometres in strike length, hosts ~ 60 kilometres of major, 1st and 2nd order mineralized structures, four past-producing operations, some with underground workings, numerous pits and many mineral showings of gold, copper, silver and other precious metals.

The property lies to the north of Agnico Eagle's Macassa Mine on the Main Break and the Upper Beaver deposit currently under development. The Upper Beaver deposit is hosted in the same Blake River rock formation within the Abitibi greenstone belt. The consolidation of the properties represents property acquisitions from 18 prospectors and owners of patented claims.