ATAC Resources Ltd. Commences 2013 Rackla Gold Program
Published : June 17, 2013
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Antimony | Canada | Diamond | Gold | Market | Mercury |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 17, 2013) - (News - Market indicators) ATAC Resources Ltd. ("ATAC") is pleased to announce that the 2013 drilling and exploration program has commenced at its 100% owned, 1,700 sq km Rackla Gold Project, Yukon.

2013 Exploration Program

  • Initial Diamond drilling will focus on expanding high-grade, near-surface Carlin-type gold targets that include Isis East, Sunrise and Anubis Zones; and,

  • Regional exploration will advance existing showings to the drill stage and identify new gold targets throughout the property with an emphasis on the Nadaleen Trend and ten Tier 1 geochemical anomalies surrounding the 2012 Anubis discovery.

"ATAC has made nine drill discoveries on the Rackla Gold Project since 2008. We are excited to be back on the ground advancing over 40 early stage anomalies and targets that were identified throughout the property in 2012. The fully funded 2013 program will focus on maintaining our high discovery rate while building ounces by drilling key high-grade, near-surface targets that include the Isis East, Sunrise and Anubis Zones," stated Graham Downs, ATAC's CEO. "The Rackla Project is located in the only known Carlin-type district outside of Nevada and ATAC's land package is not subject to any underlying royalty or third party interests of any kind. Furthermore, having over $26 million in our treasury will enable the Company to complete multiple years of exploration in this very promising and under explored district."

2013 Diamond Drilling

Diamond drilling has commenced at the Isis East Zone, located at the southern edge of the 3 by 4 km Osiris area cluster of gold zones. Limited drilling in previous programs intersected strong near-surface Carlin-type gold mineralization of 6.28 g/tgold over 27.43 m (OS-12-120) and 3.33 g/t gold over 38.10 m (OS-11-040). Drilling at Isis East will continue to define the anticlinal hosted stratabound gold mineralization that has been intersected over an unfolded strike length of 200 m and to the current depth of 225 m. The gold mineralization at Isis East remains open for expansion to the east and at depth.

The Sunrise Zone is located 650 m northeast of Isis East and drilling here is scheduled to begin within the week. It was discovered late in 2012 and is located along a fault that is upslope of a 300 m long gold-in-soil geochemical anomaly. The Sunrise Zone is exposed at surface and was confirmed with discovery hole OS-12-173, which collared in mineralization and returned 14.86 m of 10.54 g/t gold and 13.71 m of 4.47 g/t gold. Systematic channel sampling along the length of a nearby excavator trench across the Sunrise Zone returned a weighted average grade of 24.60 g/t gold over 10 m. To date, only two holes have tested the Sunrise Zone. The 2013 drilling program will test gold mineralization along strike for the full 300 m length of the geochemical anomaly.

The Anubis Zone was the first drill-confirmed regional discovery of Carlin-type gold mineralization outside of the Osiris cluster of zones, located 10 km to the east. The Anubis showing is located within a 1 km long gold-in-soil anomaly contained within a larger and open-ended 1.5 by 2.5 km arsenic, thallium, antimony and mercury soil anomaly. The discovery hole, AN-12-001 intersected 8.51 m of 19.85 g/t gold with an undercut hole (AN-12-003) intersecting 16.76 m of 9.09 g/t gold. The Anubis Zone will be tested with mechanized trenching and drilled later this summer.

Maps and figures for all gold zones can be viewed on ATAC's website (www.atacresources.com). 

2013 Regional Exploration

The 2013 regional exploration program will continue to build on the successful 2012 exploration program that identified over 40 early-stage anomalies or targets. Exploration emphasis in 2013 will be to advance existing targets to the drill stage and identify new gold targets. The primary areas of exploration focus will be within the 40 km long Nadaleen Trend at the eastern end of the property and within the 35 km long Rau Trend containing the Tiger Deposit at the western end. Widely spaced transect geochemistry surveys and prospecting will also be conducted between both trends to follow up on over 20 geochemically anomalous drainages identified by previous surveys.

Nadaleen Trend

Regional exploration crews are currently advancing the high priority Tier 1 Carlin-type gold targets within a 10 by 18 km area surrounding the Anubis Zone. Many of these promising targets exhibit strong coincident gold+/-pathfinder soil geochemical anomalies that are associated with favourable stratigraphy or northwest trending structures. To date, they have received little if any follow-up work. These anomalies are very similar to those that led to the discoveries of the Conrad, Osiris, Isis East and Sunrise Zones located 10 km to the east. Additional transect and infill geochemical surveys along with detailed prospecting will be conducted throughout the Nadaleen Trend in 2013.

Rau Trend

Recent exploration along the Rau Trend has identified over 10 significant gold targets and 23 anomalous drainages. Reconnaissance soil sampling in 2012 identified the Bengal Showing, located 3 km south of the Tiger Gold Deposit. Bengal occurs within a newly defined 5.6 km intermittent gold-in-soil anomaly underlain by a regionally extensive carbonaceous unit, where outcrop channel samples returned grades from below detection to 3.2 g/t gold across 1.0 m. The Bengal Showing target area will receive infill geochemical surveys and detailed prospecting in 2013.

True widths for all drill-holes mentioned in this news release are estimated to be 75% - 100% of intersected widths.

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 is a Yukon-based exploration company with over $26 million in its treasury. It is focused on developing its gold discoveries within Canada's only Carlin-type district on its 100% owned, Rackla Gold Project. For additional information concerning ATAC Resources Ltd., please visit our website at www.atacresources.com.

On behalf of Management and the Board of Directors of ATAC Resources Ltd.

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.

ATAC Resources Ltd.
Vanessa Pickering
Manager, Corporate Communications
604-687-2522 ext. 260
vpickering@nordacres.com
www.atacresources.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

ATAC Resources Ltd.

EXPLORATION STAGE
CODE : ATC.V
ISIN : CA0464911068
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

ATAC is a gold exploration company based in Canada.

ATAC holds various exploration projects in Canada.

Its main exploration properties are MATSON, HARTLESS JOE/BYNG, NIKKI, PANORAMA PROJECT, ROSY, LOST HORSES, MARS, GOLDEN REVENUE, ARN, DAWSON, CONNAUGHT, SEYMOUR, RAU, IDAHO and RACKLA GOLD BELT in Canada.

ATAC is listed in Canada. Its market capitalisation is CA$ 15.4 millions as of today (US$ 12.3 millions, € 11.3 millions).

Its stock quote reached its lowest recent point on December 21, 2001 at CA$ 0.05, and its highest recent level on August 05, 2011 at CA$ 9.83.

ATAC has 122 870 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of ATAC Resources Ltd.
2/26/2011announces closing of $25 Million Private Placement
2/8/2011Announces $25 Million Private Placement
8/10/2010Closing of Private Placements Totaling $22,076,450
7/16/2010$19.96 Million in Private Placements
3/18/2010Accelerates November 26 Warrants
6/1/2009Private Placement to raise $1,080,000
9/11/2007Nets $489,000 through exercise of warrantsContent-class: urn...
Option Grants of ATAC Resources Ltd.
3/11/2011Grant of 3,315,000 options at $ 7,00
Nominations of ATAC Resources Ltd.
6/14/2010Appoints Bruce Youngman as Director
3/16/2010Appoints Chairman
Project news of ATAC Resources Ltd.
8/10/2016(Rau)Announces Exploration Results from the Rau Trend -Rackla Gol...
4/9/2013Provides Overview of its 2013 Exploration Program at the Rac...
3/21/2013Company Snapshot=3A ATAC Resources (TSX=2DV=3A ATC)
10/24/2012Drills 9.08 g/t Gold over 16.76 Metres at its Anubis Discove...
10/3/2012(Rackla Gold Belt)Discovers Third Area with Carlin-Type Mineralization 13 km N...
9/17/2012Drills 19.85 g/t Gold over 8.51 Metres at its Newest Carlin-...
5/15/2012Announces the Commencement of its 2012 Exploration and Drill...
3/1/2012Announces 2012 Exploration and Drilling Plans for its Rackla...
10/5/2011(Dawson)Reports on Dawson Gold Project Option
10/3/2011Extends Strike Length of Gold Mineralization at Conrad Zone ...
9/13/2011Intersects 188.07 g/t Silver, 8.69% Lead and 6.06% Zinc over...
8/30/2011Cuts 32.01 Metres of 4.25 g/t Gold at Osiris Zone and Trench...
7/6/2011Steps Out 100 Metres at Conrad Zone and Cuts 82.29 Metres of...
6/1/2011(Rackla Gold Belt)Commences Drilling and Exploration at its Rackla Gold Projec...
11/30/2010(Rackla Gold Belt)Makes Additional Gold Discoveries at the Osiris Area
8/5/2010(Rau)Intersects 38.80 metres of 17.11 g/t Gold in Oxide at the Ti...
8/3/2010(Rau)Updates East Zone Drill Results
7/29/2010(Rau)Makes Another Gold Discovery
5/26/2010(Rau)Begins Drilling
11/3/2009(Rau)Intersects 5.11 g/t Gold over 70.80 m
10/19/2009(Rau) Steps Out And Discovers Oxidized Surface Zones And Higher G...
7/7/2009(Rau)Intersects 24 g/t Gold over 28 metres
6/19/2009(Rau)Successfully completes the first 2009 drill hole at Rau Gold...
5/28/2009(Rau)Nearly Triple its Exploration Budget at the Rau Gold Propert...
5/27/2009(Green Gulch)Yellow Gold Properties
5/20/2009(Rau)' Rau Gold Discovery Shares Similarities with Northern Carli...
5/14/2009(Touleary)Stakes More Ground ear Underworld's White Gold Discovery
11/5/2008(Rau)Announces Additional Drill and Exploration Results
8/18/2008(Rau)Confirms Gold Potential at Rau Property with Additional Assa...
Corporate news of ATAC Resources Ltd.
8/2/2016ATAC Resources Ltd. Sells 50% Interest in the Dawson Gold Jo...
7/14/2016ATAC Resources Ltd. Files Preliminary Economic Assessment NI...
6/14/2016ATAC Resources Ltd. Announces Commencement of Drilling – Rac...
6/7/2016ATAC Resources Ltd. Appoints Don Poirier to the Board of Dir...
5/31/2016ATAC Announces Positive Results of an Updated PEA at the Hig...
5/27/2016ATAC Resources Ltd. Announces AGM Results
4/19/2016ATAC Resources Ltd. Announces Private Placement to Finance i...
1/21/2016ATAC Resources Ltd. Announces the Granting of Incentive Stoc...
10/26/2015ATAC Resources Ltd. Provides 2015 Tiger Oxide Gold Deposit U...
10/6/2015ATAC Resources Ltd. Identifies 10 sq/km Gold-in-Soil Anomaly...
8/25/2015ATAC Resources Ltd. Makes New Discovery of 47.24 m of 3.79 g...
6/22/2015ATAC Resources Ltd. Announces Commencement of Drilling - Rac...
3/24/2015Announces 2015 Exploration Program at the Rackla Gold Projec...
3/24/2015ATAC Resources Ltd. Announces 2015 Exploration Program at th...
2/26/2015Yukon Ranks 1st in Mineral Potential and 9th Overall in the ...
9/4/2014ATAC Files Preliminary Economic Assessment NI 43-101 Technic...
8/26/2014ATAC Resources Intersects 30.79 m of 9.50 g/t Gold at Conrad...
6/27/2014ATAC Resources Ltd. Provides Corporate Update
6/16/2014ATAC Resources Ltd. Commences 2014 Exploration at Its Rackla...
4/24/2014ATAC Resources Ltd. Announces Board Approval of A New Shareh...
4/15/2014ATAC Resources Ltd. Announces 2014 Exploration Program at th...
3/24/2014ATAC Resources Ltd. Announces Grant of Agents' Option in Flo...
10/9/2013Drills 68.58 m of 4.23 g/t Gold at Conrad, Rackla Gold Proje...
9/10/2013Drills 16.76 m of 6.76 g/t Gold at Sunrise Rackla Gold Proje...
8/14/2013Drills 15.24 m of 9.83 g/t Gold at Sunrise Rackla Gold Proje...
7/16/2013Graduates to Tier 1 on the TSX Venture Exchange
6/17/2013Commences 2013 Rackla Gold Program
5/31/2013Adopts Advance Notice Policy for Director Nominations
3/22/2013closes $13,000,000 Private Placement with Agnico-Eagle Mines...
3/19/2013announces $13 Million Strategic Investment by Agnico-Eagle M...
1/29/2013Announces the Granting and Re-Pricing of Incentive Stock Opt...
10/17/2012Drills 14.86 m of 10.54 g/t Gold at the New Sunrise Discover...
9/24/2012Drills 16.30 m of 15.73 g/t Gold and 30.12 m of 8.38 g/t Gol...
8/21/2012Intersects 42.93 m of 18.44 g/t Gold at its Rackla Gold Proj...
7/18/2012Intersects 46.06 m of 11.24 g/t Gold at the Conrad Zone, Rac...
7/5/2012raises $15,661,995 Through Bought-Deal Private Placement
6/15/2012to Raise $11.9 Million Through Bought-Deal Private Placement...
12/13/2011Intersects 44.20 m of 4.41 g/t Gold at Osiris and 51.82 m of...
6/13/2011Drills Significant New Silver-Lead-Zinc Discovery at its Oce...
11/30/2010Drilling Confirms Two New Gold Discoveries Along Nadaleen Tr...
1/14/20102010 Exploration Plans
11/30/2009Closes $9.1 Million Financing
11/5/2009to raise $8.2 million
9/23/2009Steps Out and Drills 23.01 g/t over 20.67 metres.
9/15/2009Receives Excellent Gold Recoveries From Cyanide Leach Tests
8/11/2009Drills 15.64 g/t gold over 16.76 m and adds Third Drill
6/10/2009Options Out Four Gold Properties Near Underworld's White Gol...
11/7/2008Provides Drill Results From its Hopeful Silver Property
8/6/2008Makes Major Gold Discovery on its Wholly Owned Rau Property
3/20/2008 Farms-out 3 more properties
11/30/2007CONNAUGHT SILVER PROPERTY EXPANDS
11/15/2007 Builds Management and Provides Project UpdateContent-class:...
8/23/2007Renegotiates Golden Revenue
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (ATC.V)
0.125+0.00%
TSX-V
CA$ 0.125
07/06 13:56 -
0%
Prev close Open
0.125 0.130
Low High
0.125 0.130
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
0.125 -  0.155 -19.35%
Volume 1 month var.
1,060,000 -%
24hGold TrendPower© : -5
Produces
Develops
Explores for Copper - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/5/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20240.00%
202366.67%0.170.07
2022-25.00%0.160.08
2021-48.72%0.210.09
2020-9.30%0.400.11
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :