VANCOUVER, March 5, 2018 /CNW/ - ATAC Resources Ltd. (TSX-V:ATC) ("ATAC" or the "Company") is pleased to announce receipt of a joint Decision Document from the Yukon Government (YG) and the First Nation of Na-Cho Nyak Dun (NND) stating that the Company's proposed 65-km, private, all-season tote road to the Tiger Gold Deposit will be allowed to proceed.
This represents completion of the Yukon Environmental and Socio-economic Assessment Board (YESAB) review process, enabling the company to obtain key permits and proceed with a submission to the Yukon Water Board. ATAC looks forward to continuing to engage with NND and YG in developing an industry leading access management plan in advance of road construction.
"The receipt of a positive joint Decision Document between the First Nation of Na-Cho Nyak Dun and the Yukon Government is a major de-risking milestone for the Company and all three projects within the Rackla Gold Property," states ATAC's President and CEO, Graham Downs. "We want to thank Na-Cho Nyak Dun, Yukon Government and YESAB for their hard work and valuable feedback throughout the review process. This decision highlights the benefits of a collaborative relationship with local First Nations, government and communities."
Please see ATAC's website www.atacresources.com for additional information on the tote road, Tiger Deposit and Rackla Gold Property.
ATAC is a Yukon-based exploration company focused on developing Canada's only known Carlin-type gold district at the Rackla Gold Property. Recent work on the ~1,700 km2 property has resulted in a positive Preliminary Economic Assessment for the Tiger Gold Deposit, drilling of multiple high-grade Carlin-type gold zones and the identification of numerous early-stage gold exploration targets. ATAC and Barrick Gold Corporation recently partnered to explore the Rackla Gold Property's Orion Project, with Barrick having the option to earn up to 70% of Orion by spending $55 million in exploration. ATAC is well-financed with approximately $13 million in its treasury and recently completed an approximately $10 million exploration program at the Osiris and Rau Projects (which are not subject to Barrick's earn-in right), while concurrently working with Barrick to advance the 780 km² Orion Project.
On behalf of the Board of Directors
of ATAC Resources Ltd.
Graham Downs, President and CEO
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SOURCE ATAC Resources Ltd.
For further information: Matthew Keevil, VP, Corporate Affairs, ATAC Resources Ltd., T: 604-687-2522 ext. 260, [email protected]