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Atac Resources Ltd
Symbol ATC
Shares Issued 117,794,577
Close 2015-06-19 C$ 0.47
Market Cap C$ 55,363,451
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ATAC Resources starts drilling at Rackla

2015-06-22 08:06 ET - News Release

Mr. Graham Downs reports

ATAC RESOURCES LTD. ANNOUNCES COMMENCEMENT OF DRILLING - RACKLA GOLD PROJECT, YUKON

Atac Resources Ltd. has commenced phase 1 drilling and exploration at the Rackla gold project, Yukon. Phase 1 work will focus on expanding the Carlin-type gold discoveries at the Conrad zone and Anubis cluster within the Nadaleen trend. Diamond drilling using one drill has started at the Conrad zone, while a rotary air blast drill is currently on site and will be mobilized to the Anubis cluster within days.

"The Conrad zone is the most advanced Carlin-type gold discovery within the Nadaleen trend and continues to deliver significant gold mineralization from three distinct areas and remains open along strike and at depth," states Graham Downs, Atac's chief executive officer. "The 2015 exploration and drilling program is designed to cost-effectively expand mineralized zones at Conrad and refine targets within the Anubis cluster for future drilling."

2015 phase 1 exploration objectives:

  • Shallow diamond drilling will continue to test the eastern portion of the Conrad Upper zone, where drilling to date has defined a strike length of 800 metres.
  • Diamond drilling will target an untested area between the Conrad Upper and Middle zones.
  • Diamond drilling at the newly discovered Conrad Lower zone will step out from hole OS-14-230, which intersected 42.67 metres of 3.03 grams per tonne gold.
  • RAB drilling within the Anubis cluster will target over 20 geochemical anomalies and potentially mineralized structures that lie beneath a thin cover of overburden.
    • The true width for OS-14-230 is estimated to be 60 per cent to 100 per cent of the intersected width.

For more detailed information on the 2015 exploration and drilling program at the Rackla gold project, please see Atac's news release dated March 24, 2015.

The technical information in this news release has been approved by Julia Lane, PGeo, the Rackla gold project manager and a geologist with Archer, Cathro & Associates (1981) Ltd., and a qualified person for the purposes of National Instrument 43-101.

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