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Atac Resources Ltd
Symbol ATC
Shares Issued 139,911,877
Close 2018-03-02 C$ 0.51
Market Cap C$ 71,355,057
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Atac Resources receives gov't nod for Tiger tote road

2018-03-05 09:38 ET - News Release

Mr. Matthew Keevil reports

ATAC RESOURCES LTD. RECEIVES POSITIVE DECISION FOR ALL-SEASON TOTE ROAD TO THE RACKLA GOLD PROPERTY

Atac Resources Ltd. has received 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-kilometre, 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 derisking milestone for the company and all three projects within the Rackla gold property," states Atac's president and chief executive officer, 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."

About Atac Resources Ltd.

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 about 1,700-square-kilometre 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 Corp. recently partnered to explore the Rackla gold property's Orion project, with Barrick having the option to earn up to 70 per cent 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 square km Orion project.

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