ATAC Resources Ltd. Drills 16.76 m of 6.76 g/t Gold at Sunrise Rackla Gold Project-Yukon
Marketwired
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 10, 2013) - ATAC Resources Ltd. (TSX VENTURE:ATC) is pleased to report results from 12 diamond drill holes completed at the Sunrise and Isis East Zones located within the Nadaleen Trend at the eastern end of ATAC's 100% owned 1,700 km² Rackla Gold Project in central Yukon.
News release highlights:
Drillingincreases the Sunrise Zone to a 200 m strike length and 250 m depth, with mineralization remaining open along strike and to depth;
Higher-grade intersections from the Sunrise Zone include:
16.76 m of 6.76 g/t gold in OS-13-217
19.81 m of 5.54 g/t gold in OS-13-214; and,
Sunrise Zone mineralization trends towards and appears to merge with the well-mineralized core of the Osiris Zone 300 m to the west. The expansion of this larger combined gold target between the Sunrise and Osiris Zones will be a focus of future exploration.
Sunrise Zone
The Sunrise Zone is a newly discovered area of Carlin-type mineralization located east of the Osiris Zone. Mineralization at Sunrise occurs as sub-parallel tabular bodies that dip steeply south. Gold mineralization at the top of Sunrise discovery hole (OS-12-173) intersected intensely decalcified limestone adjacent to a steeply dipping fault that separates the Osiris carbonate sequence from overlying shale. This hole was collared directly within mineralization and returned 14.86 m of 10.54 g/t gold. Drilling to the west of OS-12-173 in 2013 has extended the strike length of mineralization to 200 metres and to an open depth of 250 metres from surface.
Sunrise drill results:
Sunrise Zone Drill Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Section (#)
OS-13-209
70.41
73.46
3.05
7.56
650 E
OS-13-211
195.98
199.03
3.05
3.31
550 E
OS-13-214
173.13
192.94
19.81
5.54
500 E
OS-13-216
215.80
223.42
7.62
3.10
500 E
OS-13-217
218.85
235.61
16.76
6.76
500 E
and
249.33
255.42
6.09
3.60
The reported intersections are drilled thicknesses and are believed to represent approximately 60 to 100% true widths.
Hole OS-13-213 was drilled outside the Sunrise Zone and did not intersect significant mineralization.
Drill results from Sunrise are significant as all holes that intersected mineralization returned at least three metres grading in excess of 3 g/t gold. In addition, the Sunrise Zone trends toward the Osiris Zone, where it appears to merge with the higher grade core of the Osiris Zone 300 m to the west. The expansion of this larger combined gold target between Sunrise and Osiris will be a focus of future exploration.
Isis East Zone
The Isis East Zone is located 600 m southwest of the Sunrise Zone and within the 12 sq/km Osiris area that hosts the Conrad, Osiris, Sunrise, Isis and Isis East Zones. Gold mineralization is stratabound and localized in the crest area of an anticlinal fold at or near the favourable contact between dolomite altered limestone and underlying unaltered silty limestone. Mineralization has been intersected over an unfolded strike length of 200 m and remains open for extension below the confirmed true depth of 350 m below surface.
A plan view map showing drill traces and the projections of mineralized intervals can be viewed at www.atacresources.com. Significant results for Isis East are tabulated below.
Isis East drill results:
Isis East Zone Drill Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Section (#)
OS-13-198
302.11
330.71
28.60
1.20
100 NW
and
377.60
394.72
17.12
1.07
OS-13-207
217.93
239.80
21.87
2.62
100 NW
OS-13-210
288.35
298.33
9.98
2.33
030 NW
OS-13-212
179.83
194.00
14.17
1.02
100 NW
The reported intersections are drilled thicknesses and are believed to represent approximately 55 to 100% true widths.
Holes OS-13-202 and 205 were drilled outside the mineralized zone.
Drill hole cross-sections and plan view maps for the Sunrise and Isis East Zones can be viewed on the Company's website at www.atacresources.com.
QA/QC
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 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 km2 project has resulted in the delineation of the Tiger Gold Deposit, drilling of multiple high-grade Carlin-type gold zones and the identification of over 40 early-stage gold targets. The Rackla Gold Project has no underlying royalties or third-party interests. ATAC is well-positioned with over $20 million in the treasury.
ATAC's President, Rob Carne and CEO, Graham Downs will be attending the Precious Metals Summit in Beaver Creek, Colorado from September 18 - 20, 2013 and the Denver Gold Forum in Denver, Colorado from September 22 - 25, 2013. If you will be attending either of those conferences and wish to meet with the Company, please contact Vanessa Pickering at vpickering@nordacres.com.
On behalf of Management and the Board of Directors of ATAC Resources Ltd.
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.
