ATAC Resources Ltd. Commences 2014 Exploration at Its Rackla Gold Project
June 16 2014 - 8:00AM
Marketwired
ATAC Resources Ltd. Commences 2014 Exploration at Its Rackla Gold
Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 16, 2014) - ATAC
Resources Ltd. ("ATAC") (TSX-VENTURE:ATC) is pleased to announce
the commencement of the Phase I drilling and exploration program at
its 100% owned Rackla Gold Project, Yukon. Phase I work will focus
on recent Carlin-type gold discoveries at the Osiris and Anubis
areas within the Nadaleen Trend.
"Year over year we continue to make new gold discoveries and
expand high-grade gold zones at the Rackla Gold Project. The 2014
Phase I exploration program is specifically designed to continue
our excellent discovery rate and support our confidence in the
global resource potential of the project," stated Graham Downs,
ATAC's CEO. "Phase I results from trenching at seventeen Anubis
area surface discoveries and anomalies combined with step-out
drilling at the high-grade Sunrise and Anubis Zones will provide
steady news flow and be used to guide the fully-funded Phase II
program."
Osiris Area
Sunrise Zone step-out diamond drilling is underway directly west
of two of the final 2013 holes that returned 19.81 m of 5.54 g/t
gold (OS-13-214) and 16.76 m of 6.76 g/t gold (OS-13-217). The
mineralization at the Sunrise Zone is open to depth and along
strike to the west toward the higher grade core of the Osiris
Zone.
Anubis Area
Drill pad construction at the Anubis Zone is underway in
preparation for diamond drilling. To date, only three holes have
been completed on a single section line at the Anubis Zone.
Step-out drilling here will test the on-strike extension of hole
AN-12-001 which intersected 8.51 m of 19.85 g/t gold and AN-12-003
which intersected 16.76 m of 9.09 g/t gold (69.19 m to 85.95 m) and
bottomed in gold mineralization which graded 4.54 g/t gold over
1.52 m (153.01 m to 154.53 m).
Excavator trenching and pitting within the Anubis area is set to
begin upon completion of the Anubis drill pad construction.
Excavator work will be conducted on nine surface showings and eight
untested geochemical anomalies. Priority trenching will be
conducted at the Dorado target, which returned multi-gram gold grab
samples from hand pits excavated in 2013.
Detailed descriptions of the proposed Phase I work are set out
in the Company's April 15, 2014 news release and drill plan maps
for the Sunrise Zone and Anubis area targets are available on
ATAC's website. True widths for all highlighted drill holes within
the Osiris and Anubis areas are estimated to be 60 - 100% of
intersected widths. Grab samples taken from the Anubis area
trenches and pits range from below detection to 139 g/t gold.
The technical information in this news release has been approved
by Robert C. Carne, M.Sc., P.Geo., the President and a Director of
ATAC Resources Ltd., and a qualified person for the purposes of
National Instrument 43-101.
About ATAC
ATAC Resources Ltd. is a Yukon-based exploration company focused
on developing Canada's only Carlin-type gold district at its 100%
owned Rackla Gold Project. Recent exploration on the 1,700 sq/km
project has resulted in the delineation of the Tiger Gold Deposit,
drilling of multiple high-grade Carlin-type gold zones and the
identification of numerous early-stage gold exploration targets.
The Rackla Gold Project has no underlying royalties or third-party
interests. ATAC is well-positioned with over $25 million in its
treasury.
On behalf of Management and the Board of Directors of ATAC
Resources Ltd.
Graham Downs, CEO
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.
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.
ATAC Resources Ltd.Vanessa PickeringManager, Corporate
Communications604-687-2522 ext.
260vpickering@atacresources.comwww.atacresources.com
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