/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE
SERVICES OR DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, Sept. 22, 2021
/CNW/ - Western Atlas Resources Inc. ("Western Atlas" or the
"Company") (TSXV: WA), is pleased to announce that it has received
final approval of its Meadowbank Project exploration permits
amendment. The amended permits allow for the expansion of the
Company's exploration footprint and include the possibility to
drill up to 20,000 meters of diamond drilling per year, and to
increase a future camp capacity to a 40 person camp, if
required.
The Meadowbank Project, 100% owned by Western Atlas, is located
in the prime mining jurisdiction of Nunavut, Canada, adjacent to Agnico Eagle's
Meadowbank mining facilities and Amaruq gold producing mine.
Fabio Capponi, CEO stated: "We
are very pleased with the amendment of the water licence and land
use permits which allows Western Atlas to expand the exploration of
the Company's Meadowbank Project in such a meaningful way.
We would like to thank the relevant
authorities who have worked on the Company's file for their
professionalism and timing in conducting the screening and approval
process".
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
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.
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.
SOURCE Western Atlas Resources
