ATC-V
ATAC Files Preliminary Economic Assessment NI 43-101 Technical Report for the Tiger Deposit - Yukon, Canada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 4, 2014) - ATAC Resources Ltd. (TSX VENTURE:ATC) is pleased to announce the completion and filing of a positive Preliminary Economic Assessment ("PEA") for the oxide portion of 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 July 23, 2014. The report titled "Preliminary Economic Assessment (PEA) NI 43-101 Technical Report on the Tiger Gold Project Yukon Territory, 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.
The independent Technical Report was prepared by Kappes Cassiday & Associates, Tetra Tech, Inc., Giroux Consultants Ltd., Resource Strategies and Gerald G. Carlson, Ph.D., P.Eng., all of whom are independent qualified persons as defined by National Instrument 43-101.
As a matter of record, ATAC also reports that a typographical error was contained in the Economic Results and Sensitivities Summary table comprising part of the July 23, 2014 PEA summary news release. In the $1,100 US$/oz column of the table, the After-Tax Cumulative Net Cash Flow should have read "$26.3 million" not "$10.4 million" as originally reported.
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