/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, March 26, 2020 /CNW/ - Western Atlas Resources
Inc. ("Western Atlas" or the "Company") (TSXV:
WA), following the declaration of a state of public health
emergency relating to COVID-19 by the Government
of Nunavut, is providing an update on its previously
announced initial 4,000 drill program (the "Program") at its 100%
owned Meadowbank Gold Project located in Nunavut, Canada.
After discussing with its stakeholders and partners, Western
Atlas has determined that it will stay the course with regard to
the previously announced Program and may take strategic actions for
its further expansion (for more details regarding Western Atlas
diamond drill program please refer to the Company's press release
issued on February 18, 2020).
Fabio Capponi, CEO stated: "
While advancing with its Program, Western Atlas together with its
contractors is implementing operational procedures aimed at
limiting the potential risk of COVID-19 transmission. Our
commitment to the safety and well-being of all our employees and
that of the Nunavut community in
which the Company operates, is a priority."
At the present time there are no confirmed cases of COVID-19
in Nunavut or among the Company's 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
