Mining Explorers 2012: Atac Resources Ltd.
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Last updated 11/11/2012 at Noon
ATC: TSX-V
President: Robert C. Carne, M.Sc., P.Geo.
Chief Executive Officer: Graham N. Downs
Chief Operating Officer: Ian J. Talbot
ATAC Resources Ltd., a member of the Strategic Exploration Group, concentrated again in 2012 on the Rackla Gold Project located in the Mayo Mining District of east-central Yukon Territory.
The project encompasses more than 8,000 mineral claims and covers 1,600 square kilometers (about 618 square miles) in an east-west extending land package about 185 kilometers 114 miles) long by 15 kilometers (10 miles) wide.
Atac began phase 1 of a 30,000-meter two-phase 2012 exploration and drilling program in May that included 15,000 meters of diamond drilling, with the majority of drilling to be focused on the Nadaleen Trend where four priority zones of Carlin-Type gold mineralization - Conrad, Osiris, Isis and Isis East - have been confirmed, along with scout drill testing of structural targets along the Nadaleen feeder fault and other structures that exhibit surface pathfinder element signatures and continued auger drilling at the Pyramid target to identify the bedrock source of a 500-meter by 200-meter gold pathfinder arsenic/thallium soil geochemical anomaly coincident with abundant orpiment and realgar cobbles and boulders in glacial till.
The company also planned geophysical surveys on the Ocelot silver-lead-zinc discovery within the Rau Trend and follow-up prospecting, geological mapping and detailed soil sampling of 15 high-priority gold and pathfinder geochemical anomalies identified in 2011 along the Rackla claim block.
In July and August, Atac reported multiple intersections in the Conrad and Isis East zones, including its most significant gold intersection to date - 42.93 meters grading 18.44 grams per metric ton gold in hole OS-12-114.
In September, Atac reported the discovery of Anubis, a major new Carlin-type zone about 10 kilometers (six miles) west of the Conrad, Osiris and Isis gold zones.
AN-12-01, the discovery hole at Anubis, cut 8.51 meters averaging 19.85 g/t gold.
In May, Atac also reported acquisition of the 50 percent interest in the Connaught silver property held by Klondike Silver Corp. in west-central Yukon for 75,000 of its shares.
The deal brought to 100 percent Atac's ownership of the property, which is prospective for silver, gold and lead.
Connaught is located immediately south of the Sixtymile placer gold camp, about 65 kilometers (40 miles) west of Dawson City.
Cash and short-term deposits: C$14.24 million (at June 30, 2012)
Working capital: C$$13.15 million (at June 30, 2012) (raised C$15.66 million in private placement in July 2012)
Market capitalization: C$244.53 million (at Sept. 9, 2012)
ATAC Resources Ltd.
Suite 1016 - 510 West Hastings Street
Vancouver, British Columbia Canada V6B 1L8
Tel: 604-688-2568 Fax: 604-688-2578
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