Viagra Malaysia treat erectile dysfunction with the original ED treatment that has helped men feel confident in bed for decades. We’ll connect you with a licensed healthcare provider to evaluate if viagra malaysia our prescription ED treatments could be right for you, including super-affordable generic Viagra viagramalaysiaofficial Viagra is an oral ED medication that works by suppressing an enzyme in the body called PDE5.

Follow Us! Like Our Page!

ATAC Announces Positive PEA Results for the High-Grade Oxide Gold Tiger Deposit, Rackla Gold Project-Yukon

Wed Jul 23, 2014

July 23, 2014 – Vancouver, BC – ATAC Resources Ltd. (TSX-V:ATC) is pleased to announce the completion of a positive Preliminary Economic Assessment (“PEA”) for the oxide portion of the Tiger Deposit located at the western end of the Company’s 100% owned Rackla Gold Project, Yukon. The Tiger Deposit was discovered in 2007 and is distinct from the more recent larger scale Carlin-type discoveries located 100 km to the east, which remain the exploration focus of the Company.

The lead engineering firm for the PEA was Kappes Cassiday & Associates (“KCA”) (metallurgy, processing, infrastructure, financial analysis) in cooperation with Tetra Tech, Inc. (“Tetra Tech”) (mining), Giroux Consultants Ltd. (mineral resource), Resource Strategies (environmental and permitting) and Gerald G. Carlson, Ph.D., P.Eng. (history, geology, drilling). Unless specified otherwise, all values are shown in Canadian dollars, where 1 CAD = 0.92 USD.

PEA HIGHLIGHTS (using US$1,250 per ounce gold price):

  • Conventional open-pit mining with single-stage, low intensity crushing followed by size classification – no grinding or agglomeration needed;
  • Life of mine (“LOM”) production of 2.06 million tonnes of oxide material at an average diluted grade of 3.72 g/t gold;
  • Overall gold recoveries of 89.8% from hybrid heap-leach (87.8% recovery) and agitated tank (91.0% recovery) carbon-in-leach (“CIL”) process;
  • Four year, seasonal operation with LOM production of 221,558 ounces of gold;
  • Pre-tax net present value (“NPV”) of $52.1 million at a 5% discount rate and internal rate of return (“IRR”) of 30% with an all-in sustaining cash cost of $626*;
  • At a US$1,350 per ounce gold price the pre-tax NPV increases to $72.6 million at a 5% discount rate and IRR of 39.5%; and,
  • Pit slope engineering, Tiger Deposit infill drilling and exploration of numerous untested nearby oxide targets have the potential to enhance the value of the project economics.

*All-in sustaining costs are presented as defined by the World Gold Council less corporate G&A.

“Although we remain focused on the Carlin-type gold targets 100 km to the east, we are very pleased with the results of the comprehensive Tiger Deposit PEA. It gives the Company a clear understanding of the potential viability and value of our first Rackla Gold Project discovery, and highlights the advantages of a rare high-grade, at surface, oxide gold deposit that is located in one of the most favourable mining jurisdictions in the world.” states Graham Downs, CEO of ATAC. “The simplicity of the mining and processing combined with the approach of modular design and construction for the on-site facilities has resulted in an optimized development scenario for this size of deposit. Additional geotechnical and resource drilling at the Tiger Deposit combined with exploration drilling at over six untested satellite oxide targets has the potential to significantly enhance the PEA and the district potential of the Rackla Gold Project.”

Economic Results and Sensitivities

The following table demonstrates the sensitivity of the Tiger Deposit economics to the price of gold. US$1,250 per ounce gold price was used as the base case and is highlighted in the table.

Read more: http://www.atacresources.com/s/NewsReleases.asp?ReportID=665667&_Type=News-Releases&_Title=ATAC-Announces-Positive-PEA-Results-for-the-High-Grade-Oxide-Gold-Tiger-Dep…

 449 total views,  2 views today

NationTalk Partners & Sponsors Learn More