/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE
SERVICES OR DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, July 14, 2020 /CNW/ - Western Atlas Resources
Inc. ("Western Atlas" or the "Company") (TSXV: WA),
is pleased to announce the it has started drilling at its 100%
owned Meadowbank Gold Project located in Nunavut, Canada.
Fabio Capponi, CEO stated:
"This is an important step forward for Western Atlas, with more
to follow meant to unlock long term value for our
shareholders".
The Drill Program:
The diamond drill program will primarily be discovery focused
and will target previously identified geological features such as
banded iron formation (BIF) and shear zones with interpreted total
strike lengths of 15 km and 6 km, respectively.
Paul Chamois, P.Geo, is the Qualified Person as defined by
National Instrument 43-101 and is responsible for reviewing and
supervising the preparation of the scientific and technical
disclosure in this news release.
COVID-19
Western Atlas has received clearance from the Chief Public
Health Officer of Nunavut ("CPHO")
and has completed a 14 days quarantine.
At the present time there are no confirmed cases of COVID-19
in Nunavut or among the Western Atlas team members. The
Company is working together with its stakeholders to ensure the
continued health of local residents in the community in which it
operates and will reassess the situation on an ongoing basis.
About Western Atlas
The Company's common shares are listed on the TSX Venture
Exchange under the symbol WA. Western Atlas is focused on the
acquisition and development of scalable precious metals projects in
premier mining jurisdictions. Western Atlas's wholly-owned
subsidiary, 5530 Nunavut Inc., holds its interests in the
Meadowbank project located in Nunavut,
Canada.
Cautionary Statement Regarding Forward-Looking
Information
This news release includes certain "forward-looking statements"
under applicable Canadian securities legislation that are not
historical facts. Forward-looking statements involve risks,
uncertainties, and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Forward-looking statements in this news release include, but are
not limited to, statements with respect to the Company's
objectives, goals or future plans; the receipt of the requisite
approvals with respect to the business and operations of the
Company. Forward-looking statements are necessarily based on a
number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties
and other factors which may cause actual results and future events
to differ materially from those expressed or implied by such
forward-looking statements. Such factors include, but are not
limited to: general business, economic and social uncertainties;
litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; delay or
failure to receive board, shareholder or regulatory approvals;
those additional risks set out in Western Atlas's public documents
filed on SEDAR at www.sedar.com; and other matters discussed in
this news release. Although Western Atlas believes that the
assumptions and factors used in preparing the forward-looking
statements are reasonable, undue reliance should not be placed on
these statements, which only apply as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. Except where required by
law, Western Atlas disclaims any intention or obligation to update
or revise any forward-looking statement, whether as a result of new
information, future events, or otherwise.
Reader Advisory
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Western Atlas Resources
