July 18, 2012 08:30 ET ATAC Resources Ltd. Intersects 46.06 m of 11.24 g/t Gold at the Conrad Zone, Rackla Gold Project-Yukon
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 18, 2012) - ATAC Resources Ltd. (TSX VENTURE:ATC) is pleased to report the first ten diamond drill hole results of 2012 from the Conrad and Isis East Zones within the Nadaleen Trend at the eastern end of its 100% owned 1,600 sq/km Rackla Gold Project in central Yukon.
News release highlights:
Highest grade gold intersection to date at the Conrad Zone with 46.06 m grading 11.24 g/t gold in hole OS-12-103. Isis East discovery extended with step-out holes along a 200 m strike length to a depth of 225 m in the crest of an anticlinal fold. Six drills are operating and 15,000 m in 58 holes have been drilled since the May 22 program start with 4 drills currently on Conrad, and 2 on the Osiris Zone.
"We are very pleased with the developing continuity and the high-grade nature of the first 2012 drill-holes at the Conrad Zone. Holes OS-12-98 and OS-12-103 intersected mineralization near surface with the highest grade intervals that we have encountered to date," states Graham Downs, ATAC's CEO. "The fact that we have also extended gold mineralization at Isis East by stepping-out from the 2011 discovery holes is also encouraging and drilling continues to test for further down-dip and strike extensions."
Five Carlin-type gold exploration targets were outlined in 2011 by wide-spaced diamond drilling within a 3 by 4 km area in the Nadaleen Trend. The 2012 drill program will expand and better define those known areas of mineralization, as well as test a number of undrilled geochemical anomalies. |