VANCOUVER, BC, June 8, 2022
/CNW/ - ATAC Resources Ltd. ("ATAC") (TSXV: ATC) (OTCQB: ATADF) is
pleased to announce the appointment of Maureen Upton to its board of directors.
Ms. Upton is an expert in sustainable development and
environment, social and governance ("ESG") practices, and for over
20 years has held positions with or advised multinational natural
resource corporations and financial institutions on ESG strategy,
implementation, socioeconomic impact and performance.
Ms. Upton continues to advise executive management on ESG
strategies and is an Independent Director for the exchange-traded
funds (ETFs) of Janus Henderson Investors. In addition to her
international ESG consulting practice, she has served as
Sustainability Advisor to the World Gold Council, Director of
Public Affairs and Communications at Newmont Mining Corporation and
Principal Consultant for Sustainability & Economics at SRK
Consulting. Ms. Upton has given numerous presentations on
sustainable development and has produced a short documentary which
was screened at the World Bank and the Lima Gold Symposium.
Ms. Upton holds an MBA in Finance and a Master of International
Affairs in Economic Policy from Columbia
University in New York, and
a Bachelor of Arts in Philosophy from the University of California at Berkeley.
"I am delighted to welcome Maureen to ATAC's board of
directors. Maureen was a first mover in the ESG advisory space in
2006 and has a deep understanding of the resource sector," stated
ATAC's Chairman, Doug Goss.
"Maureen's wide range of experience will be incredibly valuable in
guiding our business and further enhancing our long-standing
commitment to sustainable development and ESG principles."
Incentive Stock Option
ATAC also announces that it has granted incentive stock options
to directors, officers, employees and consultants, entitling those
parties to purchase up to a total of 4,400,000 common shares at a
price of $0.16 for a period of five
years. All options will vest on a quarterly basis commencing three
months from the date of granting.
ATAC is a well-financed Canadian exploration company focused on
exploring for gold and copper in Yukon, BC and Nevada. Work on its ~1,700 km2
Rackla Gold Property in Yukon has
resulted in the Osiris Project Inferred Mineral Resource of
1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt),
the Tiger Deposit Measured & Indicated Mineral Resource of
464,000 oz of gold at an average grade of 3.19 g/t (in 4.5 Mt), a
positive Preliminary Economic Assessment for the Tiger Gold Deposit
(Pre-tax NPV of $118.2M and IRR of
54.5%), and numerous early-stage gold and base metal discoveries.
ATAC is well-financed with over $8
million in working capital.
The technical information in this news release has been approved
by Andrew Carne, M.Eng., P.Eng., VP
Corporate & Project Development for ATAC and a qualified person
for the purposes of National Instrument 43-101.
On behalf of ATAC Resources Ltd.
Graham Downs, President and
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.
Cautionary note regarding
This press release may contain "forward-looking information"
within the meaning of applicable securities laws. Readers are
cautioned to not place undue reliance on forward-looking
information. Actual results and developments may differ
materially from those contemplated by these statements. The
statements in this press release are made as of the date of this
press release. The Company undertakes no obligation to update
forward-looking information, except as required by securities
Cautionary Note to U.S. Investors
concerning estimates of Measured, Indicated, and Inferred
The mineral resource estimates included in this press release
have been prepared in accordance with Canadian National Instrument
43-101 – Standards of Disclosure for Mineral Projects. The
United States Securities and Exchange Commission (the "SEC") has
adopted amendments to its disclosure rules to modernize the mineral
property disclosure requirements. U.S. investors are cautioned that
the disclosure the Company provides on its mineral properties in
this news release may be different from the disclosure that an
issuer subject to SEC reporting requirements would otherwise be
required to provide. Therefore, the information contained in this
news release containing descriptions of the Company's mineral
properties may not be comparable to similar information made public
by U.S. companies subject to reporting and disclosure requirements
under the U.S. federal securities laws and the rules and
Additional information about the Tiger Deposit PEA is
summarized in ATAC's February 27,
2020 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. Additional information about the
Osiris Resource Estimate is summarized in ATAC's July 2, 2018 technical report titled "Technical
Report and Estimate of Mineral Resources for the Osiris Project,
Yukon, Canada," which can also be
viewed at www.sedar.com
SOURCE ATAC Resources Ltd.