Battle Mountain Gold Exploration Corp.
of Reno said it lost $186,356 during the quarter ended Oct.
31.
The company, which is a publicly traded startup, didn't have any revenues.
In a filing with the Securities and Exchange Commission, Battle Mountain Gold said it has enough cash to get through the next 90 days, but needs to raise $966,000 to keep going for the next 12 months.And the company said it needs yet another $1.3 million by April 2006 for its exploration program.
The company's former auditors,Morgan & Co., in November raised substantial doubts about Battle Mountain's ability to stay in business unless it raises more capital.
Battle Mountain has a deal with Placer Dome U.S.
Inc.
covering exploration of properties in north-central Nevada using a water chemistry database developed by one of Battle Mountain's founders.
