TORONTO, Aug. 11, 2020 /PRNewswire/ - Battle North Gold Corporation (TSX: BNAU)(OTCQX: BNAUF) ("Battle North" or the "Company") reports from various sources that there is an active forest fire more than 20 kilometres southwest of the Bateman Gold Project (the "Project") and approximately 3 kilometres south of the community of Red Lake, Ontario. Local fire crews have been dispatched since yesterday evening to contain the fire and, at the present, the fire appears to be moving east. The Municipality of Red Lake has asked members of the community to evacuate the municipality as a precaution. At this point in time, all Battle North Gold Red Lake employees and contractors are safe and the Bateman Gold Project site is secured. The Company is monitoring the situation closely and will provide timely updates on any material developments to the situation.
Exploration activities at the Project have been paused. Feasibility study work on the Project is conducted remotely, continues to advance unfettered and remains on track for completion in the second half of 2020.
About Battle North Gold Minerals Corporation
Battle North Gold is a Canadian gold mine developer led by an accomplished management team with successful underground gold mine operations, finance, and capital markets experience. Battle North owns the significantly de-risked and shovel-ready Bateman Gold Project, located in the renowned Red Lake gold district in Ontario, Canada and controls the strategic and second largest exploration ground in the district. Battle North also owns a large gold exploration land package on the Long Canyon gold trend near the Nevada-Utah border in the United States. Battle North's shares are listed on the Toronto Stock Exchange (BNAU) and the OTCQX markets (BNAUF). For more information, please visit our website at www.battlenorthgold.com.
BATTLE NORTH GOLD CORPORATION
George Ogilvie, P.Eng.
President, CEO, and Director
Cautionary Statement regarding Forward-Looking Statements and other Cautionary Notes
All statements, other than statements of historical fact, contained or incorporated by reference in this press release, including any information as to the future performance of the Company, constitute "forward-looking statements" and "forward looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "appears", "monitoring", "on track", "risk", "shovel-ready", "study", "strategic", "trend" and "will", or variations of such words, and similar such words, expressions or statements that certain actions, events or results can, could, may, should, will (or not) be achieved, completed or occur in the future. In some cases, forward-looking information may be stated in the present tense, such as in respect of current matters that may be continuing, or that may have a future impact or effect. Forward-looking statements include statements regarding updates and developments related to the forest fire and continuing advancement and completion of the feasibility study for the Project. Forward-looking statements are based on assumptions, estimates, expectations and opinions, which are considered reasonable and represent best judgment based on available facts, as of the date such statements are made. If such assumptions, estimates, expectations and opinions prove to be incorrect, actual and future results may be materially different than expressed or implied in the forward-looking statements. Forward-looking statements are inherently subject to known and unknown risks, uncertainties, contingencies and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties, contingencies and other factors include, among others, impact of the forest fire on the Project including prolonged suspension of exploration activities, delayed advancement and completion of the feasibility study and any resulting damage to and/or disruption of the Project; and the "Risk Factors" in the Company's annual information form dated March 27, 2020 ("2020 AIF") as well as those identified in the current Technical Report for the Project effective May 5, 2020 and dated July 7, 2020 (the "July 2020 Technical Report") as well as Management's Discussion and Analysis for the quarter ended June 30, 2020 (the "Q2, 2020 MD&A") and accompanying financial statements, all of which are available under the Company's profile at www.sedar.com and on its website at www.battlenorthgold.com. The foregoing list of risks, uncertainties, contingencies and other factors is not exhaustive; readers should consult the more complete discussion of the Company's business, financial condition and prospects that is provided in the 2020 AIF. The forward-looking statements referenced or contained in this news release are expressly qualified by these Cautionary Statements as well as the Cautionary Statements in the 2020 AIF, July 2020 Technical Report and the Q2, 2020 MD&A. Forward-looking statements contained herein are made as of the date of this news release (or as otherwise expressly specified) and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable laws.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
SOURCE Battle North Gold Corporation