Press release from Marketwire
ATAC Resources Ltd. Drills 15.24 m of 9.83 g/t Gold at Sunrise Rackla Gold Project-Yukon
Wednesday, August 14, 2013
ATAC Resources Ltd. Drills 15.24 m of 9.83 g/t Gold at Sunrise Rackla Gold Project-Yukon08:00 EDT Wednesday, August 14, 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 14, 2013) - ATAC Resources Ltd. (TSX VENTURE:ATC) is pleased to report results from the first seven diamond drill holes completed at the Sunrise Zone, located 300 m east of the Osiris Zone and within the Nadaleen Trend at the eastern end of ATAC's 100% owned 1,700 sq/km Rackla Gold Project in central Yukon.
Sunrise news release highlights:
- The Sunrise and Osiris Zones coalesce into a larger, near-surface gold zone;
- Drilling to date confirms grade, width and continuity at Sunrise; and,
- Sunrise Zone strike length extended to 200 m and tested to a depth of 250 m from surface.
The Sunrise Zone is a newly discovered area located east of the Osiris Zone and upslope of a strong gold-in-soil geochemical anomaly that had not been previously drill-tested. Mineralization at the Sunrise Zone occurs as sub-parallel tabular bodies that dip steeply south. The 2012 discovery was intersected at the top of hole OS-12-173 where intensely decalcified limestone is adjacent to a steeply dipping fault that separates the Osiris carbonate sequence from overlying shale. The hole was collared directly within mineralization and returned 14.86 m of 10.54 g/t gold. Drilling to the east and west of the discovery hole in 2013 has extended the strike length of mineralization, or the characteristic alteration in the case of holes with assays pending, to 200 metres and tested it to a depth of 250 metres from surface.
Sunrise drill results:
- The reported intersections are drilled thicknesses and are believed to represent approximately 70 to 100% true widths.
- Holes OS-13-199, 203 and 204 were drilled east of or beneath the Sunrise Zone and did not intersect significant mineralization.
"2013 drilling at the Sunrise Zone has confirmed grade and continuity of gold mineralization westward where it becomes the down dip extension of the Osiris Zone," stated Graham Downs, CEO of ATAC. "We are very excited about the expansion of the Sunrise Zone and resulting convergence of both zones into a larger near-surface gold zone. Results from additional Sunrise Zone step-out holes drilled toward and down dip of Osiris will be reported once received and compiled."
Sunrise Zone drill hole cross-sections and a plan view map can be viewed on the Company's website at www.atacresources.com.
Regional exploration throughout the Rackla Gold Project is proceeding with work focused on the Anubis area which is located 10 km to the west of the Osiris cluster of gold zones. Follow-up exploration consisting of geochemistry surveys, prospecting or hand pitting has been conducted at all of the nine Tier 1 anomalies identified in 2012. A small excavator has recently been mobilized to the Anubis area to more effectively test priority targets and, if warranted, prepare drill sites.
Samples were forwarded to ALS Minerals in Whitehorse, Y.T. or North Vancouver, B.C. 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 analyzed at ALS Minerals in North Vancouver where gold determinations were carried out. 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. Mercury analyses are performed using atomic absorption spectroscopy (AAS). All of the samples included in this news release have passed the QA/QC procedures as described above.
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 approved by M.R. Dumala P.Eng., a consulting geological engineer with Archer, Cathro & Associates (1981) Limited and qualified person for the purposes of National Instrument 43-101.
ATAC is a Yukon-based exploration company with over $22 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.
Graham Downs, CEO
ATAC Resources Ltd.
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 NEWS 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
ATAC Resources Ltd.
Manager, Corporate Communications
604-687-2522 ext. 260