THE GROWTH OF GOLD WELCOME TO THE MARA GOLD DISTRICT OF TANZANIA, ONE OF THE MOST PROLIFIC GOLD BELTS IN THE WORLD.
ATAC’s mission is to enhance the financial position of our investors, our business, and social partners through exploring and developing natural resource properties for gold in Tanzania, Africa. Our strategic focus is the purchase, development and production of quality gold projects.
ATAC is a privately held, Tanzanian mining company focusedon gold exploration and development in the prolific TanzaniaGreenstone Gold Belt alongside the established miningoperations of Barrick Gold, AngloGold, Ashanti, Tulawaka andother senior mining companies.In the past two years ATAC has completed land acquisitions,undergone a systematic and methodical assessment of theenriched zone, made a plan to explore and develop precisetargets, and scoped out acquisition targets that can triple thepresent land base.
$2.5 Million Exploration Plan Undertake a detailed evaluation of the primary deposit— 43-101 Drill 48 holes to depth of 100 to 200 meters Prove up 600,000 to 1,000,000 T oz resource Increase the In-SITU value of property to over $60 Million after assessment
Optional $3.5~$5 million Pilot Plant Construct a 500 ton per shift pilot plant Commence mining operations within 6~12 months Assessment conducted by our geologist indicates gold resources could produce over 600,000 T ozs Projected cash flow is potentially over $30 million per year for 10 plus years
$1.5~$2.5 Million Acquisition Target ATAC Mining has assessed other properties prospective for significant gold resource potential Proven reserves in excess of 400,000 T oz Au at a grade of over 3.5 gm/ton Revenue value of over $640 Million Advanced stage exploration and resource delineation program necessary to prove up its resource base 107 sq km mine and concession
222 hectare gold mining concession—expandable 3X 3 underground mines Excellent Assay Results—up to 70 g/t au Potential resource of over 600,000 Troy Ounces Near term pilot plan potential production—4,000 oz/month 100% owned by ATAC Mining (TZN) Canada Co. owns 67% of ATAC Mining Property is free and clear of all encumbrances Historical mining and production since 1930’s Active artisanal mining
Resource Report (43-101 compliant) completed December 2011 Existence of a “gold-belt” approximately 2 km in length between the Alpha Mine in the NE Maximum E-W distance of the concession block is 1,600 m Strike zone is approximately 700 meters Assay values from Alpha and Beta mines are 12.3 g/t Au, 21.5 g/t Au and 23 g/t Au, 30.9 g/t Au, and 70.0 g/t Au (found in tailings) Potential million plus metric tonnes of gold bearing ore in just the enriched zone before taking into account the full scope of structure below
Deposit type: Structurally controlled, quartz vein hosted with a pinch- and-swell geometry with an Anticline with a fold axis 033˚/78˚ (steeply dipping to the NE). Gold mineralization restricted to : quartz-vein, which most likely follows the axial plane of the above described anticline. Current proven strike length is 700 m following strike and dip. A Geophysical survey from 2004 confirms the extension of a chargeable body in strike direction (NE). Inclined at 78˚ degrees structure “disappeared” with increasing depth and the artisanal miners are/were unable to follow it. Structures are cut by normal faults, two additional tectonic events post- mineral-placement were documented and there is a possibility that the structure was vertically displaced. High possibility that the gold mineralization continues with depth.
Country Background Tanzania, created by the union of Tanganyika and Zanzibar, is located in East Africa and boarders amongst others, Mozambique, Malawi and Zambia. The union of Tanganyika and Zanzibar was formalised in 1977 and in 1992, a multi-‐party system was introduced. From 1995, following the election of Benjamin Mkapa, the country has been politically stable and is now regarded as one of the most politically stable countries in Africa. The economy reﬂects the ongoing political stability of the country and has progressed steadily since 1995 with agriculture, tourism and mining all performing well. Mining is the fastest growing sector in Tanzania in terms of contribution to GDP and exports. This growth was assisted by the World Bank and the introduction of investor friendly mining laws which was introduced in 1998. The Mining Act of 1998 and subsequently amended in 2010 guarantees investor’s security of tenure, provides transparency in issuance and administration of mineral rights. This has lead to a number of Australian and international corporations being attracted to the region including African Barrick, AngloGold Ashanti Limited and Resolute Mining Limited all of whom have a signiﬁcant presence in the country. Alongside precious stones, gold mining has dominated the Tanzanian mining industry for more than a century. There are records of organized prospecting and mining dating back to the German colonial period, with gold discoveries being made in the Lake Victoria Goldﬁeld in 1895. Tanzania is now Africa’s third largest gold producing country after South Africa and Ghana. Nonetheless, the country is considered under explored in comparison to other gold producers of its size and there is believed to be a high probability of future discoveries with large contained gold deposits. The ﬁrst of the large mining projects in Tanzania began producing gold approximately ten years ago. One of the key drivers behind the expansion of the Tanzanian gold mining sector is the prospective Greenstone Belts and in particularly the Lake Victoria Goldﬁeld. The Archean greenstones in Tanzania also have potential for the discovery of nickel sulphide, volcanic massive sulphide, porphyry copper, zinc, lead and copper, VMS style and platinum group metals. Historically, little exploration has been carried out for these commodities and it is only in the past decade that the potential has been recognised and exploration work for these commodities carried out with some early indication of success. More recently, on the back of broad scope exploration discoveries for a range of minerals have been made including uranium, coal, nickel and more recently rare earth elements.
VALUATION Estimated in-SITU Value of $60,000,000 gold resource, with potential to be over $100 million when exploration programs are complete EBITA on mining operations at Project X: $60 mm/year Immediate Investment Requirements: $2.5 ~ $10 mm Debt and working capital: No debt Cash investment to date is approximately $750,000
Owner and president of Canada Co. Canada Co. owns 67% of ATAC Mining (TZN). He brings twenty years experience in mining, commodities and other fields Owner and working partner of Atac Mining. Our Tanzanian partner brings his strong national and regional business and political ties to Atac. He also contributes drilling and heavy equipment to the project. Geologist for ATAC Mining. He is a senior hard rock geologist with a great deal of international mining experience and success in both Africa and South America. He has almost 20 years of experience and has completed more than fifty NI 43-101 reports Director of ATAC Mining. He has 17 years of experience as an international management consultant and advisor that works to finance and develop natural resource and energy related projects. He has also participated in gold exploration projects in Ghana and Tanzania.