ATAC Resources Ltd. (“ATAC”) has taken all reasonable care in producing and publishing information contained on this web site, and will endeavor to do so regularly. Material on this site may still contain technical or other inaccuracies, omissions, or typographical errors, for which ATAC assumes no responsibility. ATAC does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site.
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This web site contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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Nadaleen Trend Drill Hole Disclosure
True widths for diamond drill holes at the Conrad, Osiris, Sunrise, Ibis and Anubis zones are estimated to be between 30% - 100% of intersected widths.
Based on the character of the mineralization and the limited drilling at the Orion Zone, it is not possible to determined the true width of the RAB or diamond drill holes at this time.
Rau Trend Drill Hole Disclosure
True widths for diamond drill holes from the Tiger Deposit are estimated to be between 79% - 90% of intersected widths.
True widths for diamond drill holes from the Ocelot target are estimated to be between 60% - 70% of intersected widths.
RAB drill hole intersections from the Airstrip Anomaly are drilled thicknesses. True widths are unknown.
Tiger Deposit NI 43-101 Mineral Resource Disclosure
The Mineral Resource estimate used in the updated 2016 PEA (see ATAC news release dated May 31, 2016) was completed by Gary Giroux, P.Eng., M.A.Sc. (Giroux Consultants Ltd.) using 6,222 assays taken from 150 diamond drill holes, totalling 26,844 m. The effective date of this Mineral Resource estimate is October 28, 2015. A three dimensional solid model was constructed to constrain oxide and sulphide mineralization. A Technical Report supporting the PEA in accordance with National Instrument 43-101 is filed on SEDAR (www.sedar.com) and ATAC’s website (www.atacresources.com).
Tiger Deposit Preliminary Economic Assessment Disclosure
This website contains forward-looking information. Forward looking information contained in this website includes, but is not limited to, statements with respect to: (i) the estimation of inferred and indicated mineral resources; (ii) the success of exploration activities; (iii) the results of the PEA including statements about future production, future operating and capital costs, the projected IRR, NPV, payback period, and production timelines for the Tiger Deposit.
The reader should be cautioned that the PEA is preliminary in nature. It includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the results of the PEA will be realized. Additional information about the Tiger Deposit PEA is summarized in ATAC’s May 31, 2016 technical report titled “Technical Report and Preliminary Economic Assessment for the Tiger Deposit, Rackla Gold Project, Yukon, Canada” which can be viewed at www.sedar.com under the ATAC profile or on the ATAC website at www.atacresources.com.
These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. In certain cases, forward-looking information may be identified by such terms as “anticipates”, “believes”, “could”, “estimates”, “expects”, “may”, “shall”, “will”, or “would”. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the estimation of mineral resources, the realization of resource estimate, gold metal prices, the timing and amount of future exploration and development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Tiger Deposit in the short and long-term, the progress of exploration and development activities, the receipt of necessary regulatory approvals, the completion of the environmental assessment process, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined including the possibility that mining operations may not commence at the Tiger Deposit, risks relating to variations in mineral resources, grade or recovery rates resulting from current exploration and development activities, risks relating to changes in gold prices and the worldwide demand for and supply of gold, risks related to increased competition in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the development process, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, including the risk that the financing necessary to fund the exploration and development activities at the Tiger Deposit may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, and environmental risks. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking information. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.