ATAC Relinquishes Claims in Peel Watershed Wilderness Area – Yukon
Press Release
January 31, 2022 – Vancouver, BC – ATAC Resources Ltd. (“ATAC”) or (“the Company”) (TSX-V: ATC, OTCQB: ATADF) announces that it has voluntarily relinquished 327 quartz mineral claims located within designated wilderness areas of the finalized Peel Watershed Land Use Plan (“the Plan”).
On August 22, 2019, the Plan was approved by the governments of Yukon, Tr’ondëk Hwëch’in, the First Nation of Na-Cho Nyäk Dun, Vuntut Gwitchin First Nation and the Gwich’in Tribal Council. The finalized Plan divided the Peel Watershed into sixteen landscape management units. The 327 mineral claims voluntarily relinquished by ATAC were located within wilderness area sub-categories.
“The voluntary relinquishment of over 300 mineral claims within the Peel Watershed is a key part of our long-standing commitment to working collaboratively with Yukon First Nations, Governments and Yukon communities,” stated President and CEO, Graham Downs. “As an exploration company, we are constantly looking for ways to positively engage with local communities and this contribution is consistent with our commitment to implementing Environmental, Social and Governance (ESG) principles.”
The Company has agreed to relinquish the following claims:
- Mouse property (48 claims) located 72 kms west of ATAC’s Rackla Gold Property;
- Stoked property (276 claims), located 21 kms west of ATAC’s Rackla Gold Property; and,
- 3 Rau claims located at the northwestern edge of ATAC’s 8,768 claim Rackla Gold Property.
In response to the surrender of the mineral claims within the Peel Watershed, ATAC has been granted certain assessment credits to be applied on its other Yukon properties located outside of the Peel Watershed.
About ATAC
ATAC is a Vancouver-based exploration company focused on exploring for gold and copper in Yukon and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Project Inferred Mineral Resource of 1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt), the Tiger Deposit Measured & Indicated Mineral 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 $6 million in working capital.
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
acarne@atacresources.com
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