November 24, 2003
W. Douglas Eaton, President, is pleased to announce that ATAC Resources has been awarded the Robert E. Leckie Award for outstanding reclamation practices. This award is presented by the Yukon Government to companies that “go above and beyond the normal call of duty in responsible mining and reclamation”. The other nominees for the award were Viceroy Minerals Corporation, Teck Cominco Limited and Newmont Exploration of Canada Ltd.
ATAC won the award for exploration conducted at its wholly owned Golden Revenue property in southern Yukon. Golden Revenue lies within the Tintina Gold Belt and is one of four gold prospects owned by ATAC. It is road accessible and explorable for at least 10 months of the year. Bulk tonnage and high grade gold mineralization is hosted by a Mid-Cretaceous intrusive complex and Yukon-Tanana Terrane metamorphic wallrocks. An extensive system of Late Cretaceous feldspar porphyry dykes is closely associated with the mineralization. The property exhibits several features commonly associated with gold deposits in the Tintina Gold Belt including: 1) proximity to a major northwest trending fault, 2) evidence of widespread demagnetization, and 3) strongly anomalous soil geochemistry with a pronounced lithophile signature.
The main bulk tonnage target is an approximately 1800 m by 500 m zone that is defined by excavator trenching, soil geochemistry and induced polarization surveys. Drilling has been largely confined to a 200 m by 200 m area in the core of the zone. Thirteen diamond drill holes within the core area yielded a total of 59 significant intersections. The average length of the individual intersections is 10.9 m and their arithmetic average grade is 1.35 g/t gold. The longest single intersection averaged 1.32 g/t gold over a length of 57.76 m. This was one of three significant intervals in that hole.
High grade targets are scattered across the property. Although previous results are encouraging, surprisingly little detailed follow up has been done. High grade targets include 15.6 g/t gold over 5 m in an old adit, 31.45 g/t gold over 15.2 m in a reverse circulation drill hole, 18.6 g/t gold over 2.2 m in a diamond drill hole and 16.8 g/t gold over 6 m in an excavator trench.
ATAC thanks the Yukon Government for the environmental award and looks forward to continued exploration at Golden Revenue. It would also like to recognize the contributions of Tom Becker, Morris Skukum and Vince Augustine, the members of the exploration field crew whose diligent efforts resulted in the award.
For more information regarding ATAC Resources or its projects please contact Doug Eaton at 604-688-2568.
ATAC RESOURCES LTD.
Per: W. Douglas Eaton, President
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