ATAC Announces 1,685,000 oz Gold in its Maiden Inferred Mineral Resource Estimate for the Osiris Project, Yukon - Seite 2

About the Osiris Project 

The Osiris Project is located at the eastern end of the Rackla Gold Property and hosts numerous Carlin-type gold zones and targets. The Conrad, Sunrise, Osiris and Ibis zones included in the resource estimate occur as replacement bodies with both structural and stratigraphic control.  All zones are open in multiple directions. Please see the table below for resources by zone.

Step-out drilling is underway with two drills at the eastern end of the Conrad Zone near drill hole   OS-17-238, which intersected 12.50 m of 20.78 g/t gold. Drilling will begin shortly at the Sunrise Zone with a focus on stepping out from mineralization intersected in drill hole OS-17-249, which returned the highest-grade mineralized intercept to date, with 15.24 m of 13.52 g/t gold and 10.42 m of 7.97 g/t gold. The Sunrise Zone is located on a ridge-top and has only been tested for a 300 m strike length and a vertical depth of 350 m.

Excellent potential for new discoveries exists at the 302 km^{[2  ]}Osiris Project. Additional mapping, prospecting and rotary air-blast drilling will be conducted throughout the Osiris Project to test for extensions or new areas of mineralization.

Osiris Project - Total Inferred Mineral Resources by Zone^[1],[2]

                                       Tonnes     Grade (Au g/t)   Gold (oz)
    Pit-Constrained (1.30 g/t gold cut-off)
    Conrad                           6,487,000         4.00         835,000
    Osiris                            474,000          4.61          70,000
    Sunrise                           309,000          4.23          42,000
    Ibis                              775,000          4.35         108,000
    Total Pit-Constrained            8,045,000         4.08        1,055,000
    Underground - Constrained (2.60 g/t gold cut-off)
    Conrad                           3,174,000         4.46         455,000
    Osiris                            427,000          3.79          52,000
    Sunrise                           531,000          5.53          95,000
    Ibis                              203,000          4.27          28,000
    Total Underground- Constrained   4,335,000         4.52         630,000
    TOTAL                            12,380,000        4.23        1,685,000

^{[1 ]}CIM definition standards were used for the Mineral Resource.  The Qualified Person is Steven Ristorcelli, C.P.G.of MDA.