About Battle North Gold Corporation
Battle North Gold Corporation is an advanced gold exploration company that owns the Bateman Gold Project, located in the prolific Red Lake gold district in northwestern Ontario, Canada. Additionally, Battle North controls the second largest land package in Red Lake consisting of over 285 square kilometres of prime, strategic exploration ground, and more than 900 square kilometres of mineral property interests in the emerging Long Canyon gold district that straddles 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).
Battle North benefits from more than C$770 million in sunk capital, which includes significant existing infrastructure such as an 1,800 tpd mill (permitted for 1,250 tpd), tailings management facility, water treatment plant, all the necessary earth works and civil works, a 730-metre deep shaft and hoisting system, and more than 14 kilometres of underground development.
In 2019, Battle North delivered a robust New Preliminary Economic Assessment for the Bateman Gold Project, which demonstrates an after-tax IRR and NPV5% potential of 40.2% and C$135.2 million, respectively, using a US$1,325/oz gold price assumption. In early 2020, Battle North delivered an updated Mineral Resource Estimate of 811,000 ounces in the Measured and Indicated category and 464,000 ounces in the Inferred category, providing the Company with enough Measured and Indicated ounces to advance the Bateman Gold Project to a Feasibility Study, which is scheduled to be delivered in the second half of 2020. For more information, please visit our website at www.battlenorthgold.com