ATAC Resources Stakes Gold-Silver Prospect
April 3, 2006
April 3, 2006 — ATAC Resources Ltd. (TSX-V: ATC) is pleased to announce that it has acquired a 100% interest in the Idaho Creek property by staking 52 mineral claims totalling 1040 hectares. The property covers an undrilled gold-silver prospect, situated in western Yukon within the Dawson Range, a well mineralized sub-camp of the productive Tintina Gold Belt. The Tintina Gold Belt hosts several major deposits including Donlin Creek, Pogo, Fort Knox, Keno Hill and Casino.
Idaho Creek has seen little exploration since the mid 1980s. Work by previous operators included mechanical and hand trenching, mapping, and soil and rock geochemistry. Little is known about the distribution of precious metals in bedrock because outcrop is rare and trenching was relatively ineffective due to a thick layer of frozen soil that blankets most of the main areas of interest.
The property lies within a highly prospective geological setting for intrusive hosted gold-silver mineralization. Grid soil geochemical surveys by a previous operator identified anomalous gold, silver, lead, arsenic, zinc and antimony soil values in four main target areas, all apparently associated with one or both of two main structural trends. The anomalous areas are up to 1200 by 600 m in size and produced moderately to strongly anomalous soil geochemical values ranging between 50 and 6550 ppb gold, 5 and 122 ppm silver, 100 and 6180 ppm lead accompanied by up to 2620 ppm arsenic, 2300 ppm zinc and 1110 ppm antimony. The average silver to lead ratio for the samples is a particularly encouraging 366 g/t silver per 1% lead.
The soil geochemical anomalies are largely unexplained. Although surface samples of mineralized vein float returned up to 13.3 g/t gold and 1258 g/t silver, trenching was unable to locate this type of mineralization. Limited bedrock sampling did identify recessively weathered alteration zones with bulk tonnage potential. For example, one trench exposed a 3.5 m long section of altered granitic rock adjacent to a rusty gouge zone. A chip sample across this exposure averaged 1.08 g/t gold, 62 g/t silver and 2463 ppm lead. Soil samples, taken from the floors of trenches in areas where bedrock was not exposed, generally yielded higher values than those taken closer to surface.
ATAC is very encouraged by these results and expects to conduct induced polarization and electromagnetic surveys as soon as practical. These surveys will be followed up with drilling. This exploration program will focus primarily on bulk tonnage potential.
ATAC is a well funded junior mining company focussed on gold. Its business model entails acquiring quality gold prospects, advancing them to drill stage and then attracting strong partners to move them toward production. At present ATAC has six properties under option and all are scheduled to be explored in 2006. The Company continues to research and acquire additional properties. It currently has five other projects considered to be drill ready and available for option.
To find out more about the Company or its various other projects, please visit ATAC’s website at www.atacresources.com. To contact Investor Relations please contact Graham Downs at 604-688-2568 or 1-800-598-4155; or email moc.sercadron@maharg.
ATAC RESOURCES LTD.
Per: Robert C. Carne, President
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