ATAC Resources Announces Property Earn-In Agreement with Barrick Gold Corporation

ATAC Resources Ltd. (TSXV: ATC) (“ATAC”) is pleased to announce that it has entered into a number of transactions with Barrick Gold Corporation (NYSE: ABX) (TSX: ABX) (“Barrick”) pursuant to which Barrick can acquire an interest in the central portion of ATAC’s Rackla Gold Property (the “Orion Project”) and make an $8.3 million investment in ATAC. Under the terms of the property earn-in agreement (the “Earn-in Agreement”) Barrick can acquire up to a 70% interest in the Orion Project.
As quoted in the press release:

“We view the Earn-in Agreement and related private placement with the world’s largest gold producer as a significant endorsement of the Rackla Gold Property, the ATAC exploration team and the Yukon as a region with world-class gold potential. The placement funds, together with access to Barrick’s expertise will help accelerate ATAC’s exploration and development work over the entire Rackla Gold Property,” stated ATAC’s President and CEO Graham Downs. “This agreement represents the alignment of both Barrick and ATAC’s shared values: principally to conduct excellence in exploration in an environmentally sustainable manner and to impart positive contributions to the communities we work within.”

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