The Rackla property – ATAC’s main asset – comprises two separate projects (Rau and Nadaleen), each with a distinct type of gold occurrences. The Rau project hosts the advanced-stage Tiger gold deposit containing measured and indicated resources of 4.5 million tonnes grading 3.19 g/t for 464,000 oz.
A 2020 preliminary economic assessment (PEA) outlined an annual output of 45,000 oz. for the Tiger deposit, giving the Rau project a pre-tax net present value (at 5%) of C$118.2 million and a 54.5% internal rate of return.
The Nadaleen project hosts a group of Carlins-style targets, the most advanced being Osiris, with an indicated resource of 5.5 million tonnes grading at 4.12 g/t for 732,000 oz. and inferred resource of 9.4 million tonnes grading 3.47 g/t for 1 million oz.
The Connaught property, another precious metals asset being added to Hecla’s portfolio, is located 65 km west of Dawson City. The project has historically…
