ATAC Resources Ltd. (TSX VENTURE:ATC) announces that it has renewed the Exploration Cooperation Agreement with the First Nation of the Na Cho Nyak Dun. The Agreement, originally announced on October 28, 2010, provides a framework within which exploration activities and environmental regulatory processes on ATAC’s Rackla Gold Project have been and will continue to be carried out. The Rackla Gold Project lies exclusively within the Traditional Territory of the NND.
Key points and outcomes of the Agreement:
-- Provides project certainty for advanced exploration activities on ATAC's
Rackla Gold Project;
-- Establishes principles for a long-term working relationship based on
mutual respect and open communication between the NND and ATAC;
-- Forms the basis upon which ATAC will undertake its exploration
-- Creates a framework to ensure training, employment and business
opportunities are made available to the NND, NND citizens and NND
ATAC Resources Ltd. is a Yukon-based exploration company focused on developing Canada’s only Carlin-type gold district at its 100% owned Rackla Gold Project. Recent exploration on the 1,700 sq/km project has resulted in the delineation of the Tiger Gold Deposit, drilling of multiple high-grade Carlin-type gold zones and the identification of over 40 early-stage gold exploration targets. The Rackla Gold Project has no underlying royalties or third-party interests. ATAC is well-positioned with over $19 million in its treasury.
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