VANCOUVER, BC–(Marketwired – July 14, 2016) – ATAC Resources Ltd. (TSX VENTURE: ATC) is pleased to announce the completion and filing of a positive Preliminary Economic Assessment (“PEA”) for the Tiger Deposit located at the western end of the Company’s 100% owned Rackla Gold Project, Yukon.
A summary of the results from the PEA was announced on May 31, 2016. The report titled “Technical Report and Preliminary Economic Assessment for the Tiger Gold Deposit, Rackla Gold Project, Yukon, Canada” is filed on SEDAR and can be viewed at www.sedar.com under the ATAC profile or on ATAC’s website at www.atacresources.com.
Qualified Persons
The PEA was prepared under the direction of Tetra Tech Inc., in cooperation with those parties listed in the following table.
| Qualified Persons contributing to the PEA | |
| Qualified Person, Designation | Company |
| Sabry Abdel Hafez, Ph.D., P.Eng. | Tetra Tech Inc. |
| Hassan Ghaffari, P.Eng., M.A.Sc. | Tetra Tech Inc. |
| John Huang, Ph.D., P.Eng. | Tetra Tech Inc. |
| Chris Martin, C.Eng. | Blue Coast Metallurgy Ltd. |
| Gary Giroux, P.Eng., M.A.Sc. | Giroux Consultants Ltd. |
| Bruno Borntraeger, P.Eng. | Knight Piésold Ltd. |
| Eri Boye, P.Geo. | Core Geoscience Services Inc. |
| Matthew Dumala, P.Eng. | Archer, Cathro & Associates (1981) Limited |
With the exception of Archer, Cathro & Associates (1981) Limited, all parties listed above are independent Qualified Persons as defined by National Instrument 43-101.
About ATAC
ATAC is a Yukon-based exploration company focused on developing Canada’s only Carlin-type gold district at its 100% owned Rackla Gold Project. Recent work on the 1,700 km2 project 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. The Rackla Gold Project has no underlying royalties or third-party interests. ATAC is well-financed with approximately $18 million in its treasury.
On behalf of Management and the Board of Directors
of ATAC Resources Ltd.
Graham Downs, President and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
For further information, please contact:
Vanessa Pickering
Manager, Corporate Communications
ATAC Resources Ltd.
T: 604-687-2522 ext. 260
[email protected]
