ATAC Resources Ltd. Commences Drilling and Exploration at its Rackla Gold Project, Yukon
Published : May 31, 2011
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Keywords :   Canada | Diamond | Gold | Gold Discovery | Lead | Market | Reality | Silver | Zinc |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 31, 2011) - ATAC Resources Ltd. (ATAC) (News - Market indicators) announces the commencement of a 40,000 metre drilling program at its 100% owned, 1,600 sq/km Rackla Gold Project (formerly named the Rau Gold Project) located in central Yukon. This comprehensive $25 million exploration program will utilize eight Diamond drills and will focus on significant Carlin-type gold mineralization discovered in late 2010.

2011 Exploration Plans and Major Objectives:

  • 40,000 metres of proposed Diamond drilling consisting of approximately 200-250 holes
    • 35,000 metres at the Nadaleen Trend and Osiris area targets
    • 5,000 metres at the Rau Trend and Tiger area targets;
  • Definition and step-out Diamond drilling to expand the Osiris, Conrad, Eaton and Isis zones within the Nadaleen Trend;
  • Prospecting, silt and soil sampling of the majority of streams and ridges along the Rackla Gold Project will be used to identify any exposed mineralized zones similar to Osiris;
  • Scout drill testing of new targets identified late in 2010 that were not tested due to onset of winter will be carried out in June;
  • One drill and crew solely allocated to test newly discovered targets throughout the 2011 exploration season;
  • Comprehensive geological mapping throughout the Rackla Gold Belt.

"Management is very excited that drilling is underway at the Ocelot and Conrad zones and commends its field crews for their hard work to make this early start a reality," states Graham Downs, ATAC's CEO. "With Osiris, Conrad, Eaton and Isis discovered in such a short timeframe last fall, we are very optimistic that additional Carlin-type gold discoveries will be made along the 185 km long Rackla Gold Belt this year."

Three Diamond drills are currently operating; one drill is grid testing the Ocelot silver-lead-zinc Zone located 15 km west of the Tiger Zone within the Rau Trend. Two additional drills are testing the Conrad zone approximately one kilometre east of the Osiris zone within the Nadaleen Trend. An additional five drills are onsite and will be mobilized to the Osiris, Eaton and Isis zones in the coming weeks. Updated project photos, maps and figures can be viewed on ATAC's website, www.atacresources.com.

The Rackla Gold Project

The Rackla Gold Project encompasses a 185 km belt of Paleozoic carbonate rocks in the lower plate of the Dawson Thrust Fault known as the Rackla Gold Belt. Within this belt there are currently two distinct trends; the Nadaleen and Rau. 

The Nadaleen Trend is defined by 25 km long and 5 km wide belt that is highly anomalous for many Carlin-type pathfinder elements which include arsenic, thallium and mercury. Late in 2010, four at/or near surface Carlin-type discoveries were made and confirmed by drilling at the Osiris, Conrad, Eaton and Isis zones. Highlights from the Osiris and Conrad zones include 65.20 metres of 4.65 g/t gold and 21.13 metres of 8.01 g/t gold, respectively. Greater than ninety-five percent of this trend has never been systematically explored for gold.

The Rau Trend comprises a 15 km long ridge system underlain by Paleozoic carbonate rocks. The most advanced target within the Rau Trend is the Tiger Zone, where 25,900 metres of drilling over the past three field seasons has defined high grade at/or near surface oxide gold mineralization as well as significant underlying sulphide gold mineralization. ATAC intends to complete a NI 43-101 mineral resource estimate on the Tiger Zone in 2011. In addition, there are numerous undrilled surface gold zones located 5 km along strike from Tiger that exhibit similar oxide mineralization. Some of these targets will be tested during the 2011 exploration season.

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

ATAC also announces the appointment of Larry Donaldson as Chief Financial Officer. Robert Dinning, the former Chief Financial Officer resigned following the ATAC annual general meeting on May 18, 2011 to pursue other business interests.

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 www.atacresources.com.

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.

ATAC Resources Ltd.
Vanessa Pickering
Manager, Corporate Communications
604-687-2522 ext. 60
vpickering@nordacres.com
www.atacresources.com
Data and Statistics for these countries : Canada | All
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ATAC Resources Ltd.

EXPLORATION STAGE
CODE : ATC.V
ISIN : CA0464911068
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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.

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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
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