Regional exploration has outlined nine Tier 1 Carlin-type gold targets within a 10 by 18 km area surrounding the Anubis discovery hole. These targets have received little or no follow-up work and will be advanced to the drill stage in 2013.
True widths for all highlighted drill-holes within the Osiris and Anubis discovery areas are estimated to be 75% - 100% of intersected widths.
Tiger Gold Deposit Area
From 2008 through 2010, drilling on the Rackla Gold Project focused on defining resources at the stratabound, structurally-controlled Tiger Gold Deposit. Based on a 2011 NI 43-101 mineral resource estimate at the Tiger Gold Deposit, ATAC is contemplating scoping level studies to examine options for advancing the near-surface, higher grade oxide-only indicated resource of 337,500 ounces of gold (2,470,000 tonnes with an average grade of 4.25 g/t gold) and oxide-only inferred resource of 17,400 ounces gold (180,000 tonnes with an average grade of 3.00 g/t gold), both calculated using a 1.60 g/t gold cut-off grade.
The Bengal Showing was discovered in 2012 three km south of the Tiger Gold Deposit. It occurs within a newly defined 5.6 km intermittent gold-in-soil anomaly underlain by an extensive carbonaceous unit, where outcrop channel samples returned grades from below detection to 3.2 g/t gold across 1.0 m. This area will receive focused follow-up exploration in 2013.
"Since 2008, ATAC has made nine drill discoveries on its 1,700 sq/km Rackla Gold Project," states Rob Carne, ATAC's President. "In 2013 we will continue to define our known zones of gold mineralization while focusing on sustaining our high discovery rate. Our recent financing with Agnico-Eagle Mines Limited has topped up our treasury to $27 million and allows us the flexibility to intensify exploration and drilling as results warrant."
The Tiger Gold Deposit mineral resource estimation was completed by Gary Giroux, P.Eng., MASc. (Giroux Consultants Ltd.) who is a qualified person and independent of ATAC, based on the criteria defined by National Instrument 43-101. Quality control data generated during the various drill programs conducted at the Tiger Gold Deposit were independently reviewed by Giroux Consultants Ltd. as part of the resource study. Please see ATAC's news release dated October 20, 2011 for details on the Initial Resource Estimate for the Tiger Gold Deposit. The full Tiger Gold Deposit NI 43-101 technical report is available on SEDAR (http://www.sedar.com/).
The technical information in this news release has been approved by Robert C. Carne, M.Sc., P.Geo., the President of ATAC Resources Ltd., and a qualified person for the purposes of National Instrument 43-101.
ATAC is a well-funded, Yukon-based exploration company focused on developing Canada's only Carlin-type gold district at its 100% owned, Rackla Gold Project. For additional information concerning ATAC Resources Ltd., please visit our website at www.atacresources.com.
On behalf of Management and the Board of Directors of ATAC Resources Ltd.
Graham Downs, CEO
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.
ATAC Resources Ltd.
Manager, Corporate Communications
604-687-2522 ext. 260
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