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ATAC Resources Ltd (fka ATADF) (ATADF) RSS Feed

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ATAC Resources LTD. // ATADF // OTC, also ATC.V // TSX 

Canadian exploration company located in the Yukon wilderness. 100% owned Rackla Gold project is a 1,700 sq/km area that has 2 trends: Rau and Nadaleen. In 2010 ATAC discovered Canada’s first Carlin-type gold ore. (This is a sedimentary gold ore that makes gold extraction at much lower g/t ore possible.) There are multiple areas in this project 

Nadaleen area: 

1. Osiris Cluster (12km2 area that contains the Conrad, Osiris, Ibis and Sunrise zones.) 
All 4 zones have drill confirmed Carlin-type mineralization. 74k meters of drilling done over 231 holes in this cluster. Mineralization has been traced over a 1.2 km length (through an entire mountain.) 

a. Conrad area is the most advanced project with 42k m drilled so far. Intercept as high as 20.5 g/t Au (most of the intercepts are in the 3-6 g/t range, with a few big numbers mixed in.) Upper Zone strike length of 800 m is still open along the strike. Middle Zone strike length is 300m and open along strike and at depth. Newly discovered Lower Zone is largely unknown. 

b. Osiris Zone has 14km over 59 holes. 750 m strike length, that is open along strike and at depth. Some listed results look like they are in the 1-5 g/t range with a few bigger numbers up to 11.1 g/t. 

c. Sunrise Zone has 4.2 m over 19 holes drilled. 215 m strike length open at depth. Results look to be in the 3-10 g/t range. 6 holes with no results. 

d. Ibis Zone has 6.5k m over 26 holes. 200m strike open at depth and along strike. 1-6 g/t for most intercepts with some in the lower teens. 

2. Anubis Cluster also in the Nadaleen area 18 sq/km area. Also Carlin type ore. Spotty drill results ranging from 1-5 g/t with a high of 19.8 g/t. Not well explored well. 

3. Rau Trend defined to a length of 20 km. Located 48 km from a highway and the Keno Hill Mining District – second largest silver producer in Canada. Mixed types of ore. Tiger deposit is the most well explored with a 0.7 – 5 g/t range, a single high of 24 g/t. Tiger zone: Indicated 508,000 oz Au @ 2.2 g/t, 846,000 oz Ag @3.7 g/t; Inferred 290,000 oz Au @ 1.09 g/t with 250,000 oz Ag at 0.94 g/t. 
They also have 5 other properties that they are looking to option out for further work. 

123 mil shares outstanding, 132 mil shares fully diluted. 19 mil cash!                      http://www.atacresources.com/ 


 

 
 
 
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