December 13, 2011 - ATAC Resources Ltd. (TSX-V:ATC) has
received assays for the final 22 diamond drill holes from the
Osiris and Isis East Zones within the Nadaleen Trend and 10
scout holes from the Rau Trend located within ATAC's 100%
owned 1,600 sq/km Rackla Gold Project in central Yukon.
News release highlights:
-
Osiris Shear Zone drilling extends mineralized strike
length to 550 m and 350 m depth;
-
The Osiris Shear system remains open at depth and at the
north end for a 700 m distance toward the junction with
the Nadaleen Fault - the mineralizing feeder structure
for the Conrad Zone;
-
All 29 drill holes that intersected the Osiris Shear
system in 2010 and 2011 encountered gold mineralization
with 20 drill holes intersecting better than 3.25 g/t
gold across significant widths; and,
-
Drilling confirms the Isis East discovery with a 50 m
step-out hole grading 3.13 g/t gold across 51.82 m,
extending and leaving mineralization open along strike
and down dip.
Osiris Zone
The Osiris Zone is one of five Carlin-type gold exploration
targets over a 4 km by 3 km area explored by diamond drilling
in 2011 within the Nadaleen Trend located at the eastern end
of the 185 km long Rackla Gold Project. The drill holes at
the Osiris Zone have tested two distinct settings for
Carlin-type gold mineralization, the steeply dipping
north-trending Osiris Shear and parallel structures, and near
surface stratabound mineralization that dips moderately
south. Significant assays from the Osiris Zone drilling are
tabulated below:
OSIRIS ZONE ASSAY RESULTS
|
|
Hole ID
|
|
From (m)
|
|
To (m)
|
|
Interval (m)
|
|
Au (g/t)
|
|
Zone
|
|
OS-11-065
|
3.96
|
23.77
|
19.81
|
2.77
|
Stratabound
|
|
and
|
67.97
|
71.25
|
3.28
|
4.41
|
Stratabound
|
|
and
|
184.65
|
189.40
|
4.75
|
4.92
|
Osiris Shear
|
|
OS-11-071
|
0.00
|
22.25
|
22.25
|
2.35
|
Stratabound
|
|
including
|
12.00
|
20.47
|
8.47
|
3.93
|
|
|
and
|
189.89
|
204.60
|
14.71
|
3.28
|
Osiris Shear
|
|
|
|
|
|
|
|
|
OS-11-078
|
39.32
|
54.56
|
15.24
|
4.22
|
Osiris Shear
|
|
including
|
40.84
|
48.46
|
7.62
|
7.63
|
|
|
|
|
|
|
|
|
|
OS-11-079
|
10.06
|
25.30
|
15.24
|
1.59
|
Osiris Shear
|
|
and
|
197.51
|
200.56
|
3.05
|
3.24
|
Outside Osiris Shear
|
|
|
|
|
|
|
|
|
OS-11-080
|
24.39
|
44.20
|
19.81
|
5.07
|
Osiris Shear
|
|
including
|
32.00
|
44.20
|
12.20
|
8.03
|
|
|
|
|
|
|
|
|
|
OS-11-082
|
4.57
|
7.62
|
3.05
|
4.82
|
Outside Osiris Shear
|
|
and
|
134.11
|
178.31
|
44.20
|
4.41
|
Osiris Shear
|
|
including
|
160.02
|
175.26
|
15.24
|
6.83
|
|
|
|
|
|
|
|
|
|
OS-11-083
|
39.01
|
48.20
|
9.19
|
3.74
|
Osiris Shear
|
|
|
|
|
|
|
|
|
OS-11-085
|
246.89
|
254.51
|
7.62
|
8.37
|
Outside Osiris Shear
|
|
|
|
|
|
|
|
|
OS-11-086
|
81.69
|
90.83
|
9.14
|
3.96
|
Osiris Shear
|
|
and
|
131.88
|
153.41
|
21.53
|
2.67
|
Osiris Shear
|
|
|
|
|
|
|
|
|
OS-11-088
|
74.07
|
92.35
|
18.28
|
4.43
|
Osiris Shear
|
|
including
|
76.94
|
83.21
|
6.27
|
11.15
|
|
|
and
|
147.22
|
152.40
|
5.18
|
6.80
|
Osiris Shear
|
|
|
|
|
|
|
|
|
OS-11-089
|
196.60
|
202.69
|
6.09
|
4.30
|
Osiris Shear
|
The reported intersections are drilled thicknesses and
are believed to represent approximately 60 to 80% of true
widths.
The 50 to 100 m wide Osiris Shear structure parallels bedding
along the west limb of the Osiris anticline, near the contact
between reactive silty limestone beds and an overlying
dolostone unit. Wide-spaced drilling of the Osiris Shear
structure in 2010 and 2011 has now traced it for 550 m
horizontally and 350 m vertically. The relatively wide-spaced
drill intercepts have all intersected gold mineralization and
characteristic Carlin-type alteration.
Near surface stratabound mineralization has also been traced
by drilling over a 50 by 150 m area in the moderately south
dipping eastern limb of the Osiris anticline where silty
limestone and limestone debris flow units are partially
replaced by silica sinter and realgar. The mineralized zone
is open to expansion along strike to the east and down the
dip to the south. Hole OS-11-071 intersected 22.25 m grading
2.35 g/t gold from surface in this zone.
Partial to complete oxidation is observed up to 90 m
vertically from surface in both the shear hosted and
stratabound mineralization.
Maps showing the drilling locations and a longitudinal
section showing projected mineralized intersections along the
Osiris Shear structure can be found on ATAC's web site
.
Isis East
Two holes were drilled 50 m apart to test a gold-in-soil
geochemical anomaly overlying the Isis carbonate sequence
where it is cut by the Osiris Shear structure. These holes
are the first test of a 900 m long gold-in-soil geochemical
anomaly over the Isis carbonate unit. The Isis East is the
third major drill-confirmed discovery within the Nadaleen
Trend and will be a priority drill target in 2012. Results of
the Isis East drilling are tabulated below.
ISIS EAST ZONE ASSAY RESULTS
|
|
Hole ID
|
|
From (m)
|
|
To (m)
|
|
Interval (m)
|
|
Au (g/t)
|
|
Zone
|
|
OS-11-040*
|
95.40
|
133.50
|
38.10
|
3.33
|
Isis East
|
|
including
|
110.64
|
125.88
|
15.24
|
6.77
|
|
|
|
|
|
|
|
|
|
OS-11-073
|
17.37
|
69.19
|
51.82
|
3.13
|
Isis East
|
|
including
|
57.00
|
67.76
|
10.76
|
12.51
|
|
-
Based on the character of the mineralization and the
limited drilling, it is not possible to determine the
true width of the intersections at this time.
-
*Previously reported
"We are extremely pleased with the progress at the
Nadaleen Trend over the 2011 field season." states
Graham Downs, ATAC's CEO. "The Conrad Zone has
demonstrated high gold grades with good continuity over a 400
m strike length and remains open to expansion at both ends
and at depth. The Osiris Shear system has been explored with
wide spaced drilling over a 550 m length and it too remains
open along strike and down dip. Stratabound gold
mineralization in the Osiris carbonate outside the Osiris
Shear structure has only been tested over less than 50% of
the surface gold-in-soil geochemical anomaly. Finally, the
new discovery at Isis East has been intersected by two very
significant holes, leaving the bulk of the 900 m long gold-in
soil geochemical anomaly to be tested in 2012."
Rau Trend Drilling
Ten scout diamond drill holes were carried out to test soil
geochemical targets at the Now (three holes), Puma (two
holes), Cheetah (three holes) and Kathy (two holes); within
the Rau Trend. Low-grade gold intersections in most of the
holes satisfactorily explain the targeted anomalies. The
results from both the Rau and Nadaleen Trend are being
compiled and reviewed to evaluate targets for 2012
exploration and drilling with specific program details to be
announced in the new year.
Property-Wide Exploration
ATAC is currently compiling and reviewing over 10,000
geochemical samples collected along the entire Rackla Gold
Project in 2011. Areas with similar geochemical signatures as
the Osiris, Conrad and Isis East zones will be evaluated and
targeted for follow-up in 2012.
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 and 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).
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
reviewed by Robert C. Carne, M.Sc., P.Geo., a qualified
person for the purpose of National Instrument 43-101.
About ATAC
ATAC is a well-funded, Yukon-based exploration company
focused on developing Canada's only Carlin-type gold
discovery at its 100% owned, Rackla Gold Project. For
additional information concerning ATAC Resources Ltd., please
visit our website at .
On behalf of the Board,
Graham Downs, CEO
ATAC Resources Ltd.
For further information, please contact:
Vanessa Pickering, Manager, Corporate Communications
T: 604-687-2522 ext. 60
vpickering@nordacres.com
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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.