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August 30, 2022 – Vancouver, BC – ATAC Resources Ltd. (“ATAC”) (TSX-V:ATC, OTCQB:ATADF) is pleased to announce the completion and filing of an independent National Instrument 43-101 Technical Report titled “Technical Report and Estimate of Mineral Resources for the Osiris Project, Yukon, Canada” (the “Osiris Report”).
The Osiris Report was prepared by Steven Ristorcelli, C.P.G., associate of Mine Development Associates, Peter Ronning, P.Eng., Odin Christensen, C.P.G., of Hardrock Mineral Exploration Inc., Nichola McKay, P.Geo., of Blue Coast Research Ltd., and Andrew Kelley, P.Eng., of Blue Coast Research Ltd., all of whom are independent qualified persons as defined in National Instrument 43-101.
The Osiris Report has been filed on SEDAR and can be viewed at www.sedar.com under the ATAC profile or on ATAC’s website at www.atacresources.com. A summary of results from the Mineral Resource estimate was announced by ATAC in a news release dated July 28, 2022.
ATAC is a Canadian exploration company focused on exploring for gold and copper in Yukon, BC and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Deposit Indicated Resource of 732,000 oz of gold at 4.12 g/t (in 5.5 Mt) and Inferred Resource of 1,044,000 oz of gold at 3.47 g/t (in 9.4 Mt), the Tiger Deposit Measured & Indicated Resource of 464,000 oz of gold at an average grade of 3.19 g/t (in 4.5 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit (Pre-tax NPV of $118.2M and IRR of 54.5%), and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately $5 million in working capital.
The technical information in this news release has been approved by Andrew Carne, M.Eng., P.Eng., VP Corporate & Project Development for ATAC and a qualified person for the purposes of National Instrument 43-101.
On behalf of ATAC Resources Ltd.
Graham Downs, President and CEO
For further information, please contact:
Andrew Carne, M.Eng., P.Eng., VP Corporate and Project Development
ATAC Resources Ltd.
T: 604-688-0111 ext. 106
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