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.
About ATAC
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.