ATAC Resources Ltd.

ATAC Resources Ltd.

July 06, 2011 08:30 ET

ATAC Resources Steps Out 100 Metres at Conrad Zone and Cuts 82.29 Metres of 4.08 g/t Gold Within an Expanded Interval of 114.93 Metres Grading 3.15 g/t Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2011) - ATAC Resources Ltd. (TSX VENTURE:ATC) is pleased to announce the first two diamond drill hole results from the Conrad Zone within the Nadaleen Trend of the Company's 100% owned 1,600 sq/km Rackla Gold Belt in central Yukon.

The Conrad Zone is one of four Carlin-type gold zones drilled to date within the Osiris area, located in the eastern part of ATAC's 185 km long Rackla Gold Project. The first 2011 hole (OS-11-010) was drilled 100 metres east of the 2010 Conrad discovery hole (OS-10-008) which intersected 21.13 metres grading 8.03 g/t gold (see news release dated November 30, 2010), while the second hole (OS-11-011) was drilled from the same pad as OS-10-008 and was designed to intersect a steeper cut of that mineralized section. Drill results are tabulated below.

Hole ID Dip/Azimuth From (m) To (m) Interval (m) Au (g/t)
OS-10-008* -45/220 41.35 62.48 21.13 8.03
OS-11-010 -50/180 176.15 291.08 114.93 3.15
incl. 181.36 263.65 82.29 4.08
and 181.36 214.88 33.52 6.25
OS-11-011 -70/220 114.75 129.54 14.79 1.64
* Hole OS-10-008 results were previously announced on November 30, 2010
  • The reported intersections are drilled thicknesses and are believed to represent approximately 80% true thickness.
  • The 2011 season commenced with drill hole OS-11-010 as OS-10-009 was the last hole drilled in 2010 at the Eaton Zone.
  • Of forty-five intervals used to calculate the 114.93 m weighted average grade in OS-11-010, 32 intervals yielded >1 g/t Au while only 4 intervals returned <0.25 g/t Au.

Mineralization at the Conrad Showing is developed in close proximity to a property-scale structural feature referred to as the Nadaleen Fault. The Nadaleen Fault bisects the Osiris target area and is inferred to extend the length of the 25 km long Nadaleen Trend and is also thought to represent one of a number of deep structural feeders localizing gold in the Osiris mineralizing system. Alteration at the Conrad Zone consists of carbonate and non-carbonate host rocks that are largely texturally destroyed, clay altered and mineralized with varying concentrations of gold in association with realgar and fine sooty pyrite.

Drilling continues at Conrad with one drill systematically evaluating the prospective gold zone along the trace of the Nadaleen Fault, particularly eastward towards an outcrop exposure that yielded 40.3 g/t gold. Two diamond drill rigs are currently testing the Osiris Zone to continue evaluating the geometry and extent of this gold zone where the 2010 discovery hole reported 65.20 metres grading 4.65 g/t gold (see news release dated September 1, 2010).

The Company is also drilling a new target where one spring water precipitate sample taken 4 km to the west of the Conrad area along the trace of the Nadaleen Fault graded 15.5% arsenic. One drill is testing this target. Updated maps and figures can be viewed on ATAC's website

"We are very excited with the exceptional gold grades intersected 100 metres east of the 2010 Conrad discovery hole," states Graham Downs, ATAC's CEO. "Drilling at the Osiris area of the Nadaleen Trend is well underway and over 75% of the regional soil and silt sampling is complete."

Samples were forwarded to ALS Minerals in Whitehorse, Y.T. where they were fine crushed before a 250 gram split was pulverized to better than 85% passing 75 microns. The pulverizing circuit was cleaned with quartz sand twice between samples. Pulps were then sent to ALS Minerals in North Vancouver, B.C. where gold determinations were carried out and splits of the pulverized fraction were routinely dissolved in aqua regia and analyzed for 49 elements using inductively coupled plasma (ICP) together with mass spectrometry (MS) or atomic emission spectroscopy (AES). Gold analyses were by the Au-AA26 procedure that involves fire assay preparation using a 50 gram charge with an atomic absorption spectroscopy finish and mercury analyses are performed using atomic absorption spectroscopy (AAS).

Rigorous procedures are in place regarding sample collection, chain of custody and data entry. Certified assay standards, duplicate samples and blanks are routinely inserted into the sample stream to ensure integrity of the assay process.

The technical information in this news release has been reviewed by Robert C. Carne, M.Sc., P.Geo., a qualified person for the purpose of National Instrument 43-101.

About ATAC

ATAC is a well-funded, Yukon-based exploration company focused on developing Canada's only Carlin-type gold discovery at its 100% owned, Rackla Gold Project. For additional information concerning ATAC Resources Ltd., please visit our website at

On behalf of the Board,

Graham Downs, CEO

ATAC Resources Ltd.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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