Atac Resources (TSXV:ATC) President and CEO Graham Downs sat down with Sonia Madigan from The Market Herald to talk about its ongoing copper and high-grade gold exploration programs.
Atac has begun drilling at its Nadaleen Gold Project in Yukon, which, according to recent findings, recorded one hole having 18.44 grams of gold per tonne over au 42.93 metres.
The company stated it will move on to drilling on its Connaught Copper Project sometime in early July.
Atac currently holds $8 million in cash, which it will use to fully fund its exploration efforts. It is targeting multiple copper and gold projects for this year in the hopes of locating an economic discovery.
However, high snowpack levels and other weather-related issues happening in the Yukon may cause a more stagnant workflow.
The company expects gold prices to increase to approximately $2,000 per ounce due to current cost-push pressures. It sees inflation putting a base on commodities prices for the coming years.