Western Atlas Resources Inc. announces results from the diamond drill program conducted at its Meadowbank Project located in Nunavut, Canada. The 13 hole drill program targeted banded iron formation (BIF) and shear zones within Target B1, Block B. Target B1 is one of the six targets for follow up and drilling identified within Blocks A and B. The 2020 drill program is the first of several drill programs the Company intends to undertake in order to test these targets. The program intersected elevated gold assays in quartz-carbonate vein breccias within the shear zone in Zone 1. Two vein breccia intervals were intersected in hole WA20-001. Gold mineralization extends into the network of quartz-carbonate veins and veinlets also enriched in silver and zinc in hole WA20-003. Associated with the anomalous gold assays are occurrences of coarse arsenopyrite and pyrite in veins/veinlets and intense ankerite-grunerite alteration haloes along the veins. In Zone 2 anomalous gold and silver were intersected in a quartz-carbonate vein within BIF trending to northeast and parallel to the main BIF zone approximately 180m to the south. Anomalous chromium and nickel assays were encountered in serpentinized fine-grained and komatiitic ultramafics.Gold values similar to those encountered in Zone 1 were encountered in Zone 3. Mineralization occurs in quartz veins and veinlets in three BIF layers intersected there. Associated with anomalous gold assays is 1-5% pyrite and strong ankerite alteration. The definition of these drill targets is the result of the initial interpretation of the 2017 to 2019 exploration program data sets, which include detailed field mapping and sampling program (yielded gold including 13.30 g/t Au and up to 44.7 g/t Ag), over 3,800 km of airborne magnetic survey, over 1,500 line-km of helicopter-borne VTEM followed by electromagnetic (EM) anomaly and airborne inductive induced polarization (AIIP) processing report, over 32 line-km of ground induced polarization (IP) survey over specific targets. Drillholes were designed to test both geophysical targets and favorable geological features (BIF and shear zones) in five separate areas referred to as Zones 1 to 5 in Target B1. Holes drilled in Zone 1 and Zone 3 also tested locations of grab samples with anomalous gold values collected during the 2018 mapping and prospecting program. Regional and local geological settings, structures, metamorphic grade, mineralization and alteration patterns encountered during the 2020 exploration program indicate conditions favourable for the development of orogenic gold deposits in the area and highlights anomalous values for nickel, zinc and chromium.