ATAC board rebuffs Victoria Gold takeover bid

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ATAC’s main asset is the Rackla gold property in Canada’s Yukon Territory. Rackla contains the Rau project, which hosts the Tiger deposit of 4.5 million tonnes grading 3.19 grams gold per tonne for 464,000 oz. in the measured and indicated categories. This includes an open pit deposit of 386,000 oz. measured and indicated grading 3.31 grams per tonne. The open-pit deposit has a measured and indicated oxide resource of 238,000 oz. grading 3.74 grams gold in 2 million tonnes of material.

Rau’s 2020 preliminary economic assessment outlines an annual output of 445,000 oz. Rau also contains multiple exploration targets with gold and base metals discoveries.

Rackla also contains the Nadaleen project, another group of targets with the most advanced being Osiris which holds an indicated resource of 5.5 million tonnes grading at 4.12 grams gold per tonne for 732,000 oz. gold, and inferred resources of 9.4 million tonnes grading 3.47…

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