| ||Thu Nov 15, 2007|
ATAC Builds Management Team and Provides Project Updates
| ||November 15, 2007 -- ATAC Resources Ltd. (TSX-V:ATC) is pleased to announce the addition of Vikki L. Appel and Robin S. Tolbert to ATAC's management and development team, and to provide updated exploration results for two of its wholly owned exploration projects.|
Ms. Appel earned a B.Sc. (Hons.) in Geology from UBC in 1998, a Diploma in Computer Science from SFU in 2000, and an MBA from the UCLA Anderson School of Management in 2007. Ms. Appel has geological field experience in the Yukon and has spent the last six years managing the Southern California Earthquake Data Center in the Seismological Laboratory at the California Institute of Technology (Caltech) in Pasadena, CA. Ms. Appel's Corporate Development role at ATAC Resources will initially focus on developing the firm's strategic vision, creating and cultivating stakeholder relationships, and ensuring that risk and compliance controls are effective.
Robin Tolbert has a B.Sc. in Geology from Edinburgh University and has extensive experience in exploration, feasibility and development, and mining. He has 16 years experience in the Yukon including being District Geologist for Cyprus Anvil at Faro for five years. Robin also spent 10 years in Alaska where his work included advanced exploration and development of the Golden Zone, Nixon Fork and Illinois Creek gold deposits. His international experience includes work in United States, Mexico, Costa Rica, Panama, Argentina, Papua New Guinea, Republic of Guinea and most recently three years in Mongolia. He has held senior or executive positions in junior and major companies that have explored for a variety of deposit types including porphyry copper-gold and epithermal gold. Mr. Tolbert's extensive experience will be utilized in the business development of ATAC Resources identifying, evaluating and supervising development of new opportunities for mineral exploration and mineral property acquisition.
The Rau property is located in central Yukon Territory, about 50 km northeast of the Keno Hill silver camp. It hosts a number of tungsten-bearing skarn occurrences, as well as recently discovered zones with strongly elevated gold-arsenic and lead-zinc-silver soil geochemistry. The 2007 exploration program consisted of extensive grid soil sampling, geological mapping, prospecting and property wide, helicopter-borne, versatile time-domain electromagnetic (VTEM) and magnetic surveys. This program is considered to be highly successful because it has identified a very large intrusion-related gold system with many of the key characteristics seen in deposits elsewhere in the Tintina Gold Belt. The highlight of the program was the discovery of a very well defined soil geochemical anomaly containing values between 100 and 11,700 ppb gold over backgrounds of less than 10 ppb. The anomaly is 600 m long by 150 to 300 m wide and is open to extension.
The Hopeful property lies about 110 km east of Dawson City in central Yukon. It is favourably situated within the Tintina Gold Belt, with the Keno Hill silver deposits 80 km to the east, Brewery Creek gold deposits 35 km to the west and the recent Dynamite Resources Ltd. discovery hole (0.61% copper and 1.38 g/t gold over 89.3 m) 43 km to the northwest. Previous work at the Hopeful property in 1984 and 1988 produced encouraging results from 14 diamond drill holes that tested two sub-parallel quartz-tourmaline greisen veins. The best assay from those holes reportedly averaged 3026 g/t silver over 3.2 m. The zone has been traced for a length of 260 m and to a depth of 75 m. It is still open to extension in both directions along strike and grade appears to be improving with depth.
Prospecting and soil sampling in summer 2007 returned excellent results and identified a new mineralized zone about one kilometre southwest of the drill area. A quartz-sulphide vein sample collected from the new showing assayed 501 g/t silver. Contour soil sampling carried out over the length of the property outlined additional exploration targets that have not yet been prospected.
Major drill programs are planned in summer 2008 at both the Rau and Hopeful properties.
"The addition of Vikki Appel and Robin Tolbert to ATAC's management team is important to our continued growth", states Graham Downs, CEO of ATAC. "Vikki's MBA and geological experience are a great fit with our business plan and enhance the Company's financial management. Robin's extensive geological and mining background and global exploration experience expand ATAC's capabilities regarding advanced development and will permit the Company to be even more aggressive with its resource acquisition and exploration activities, particularly outside of Canada."
For further information concerning ATAC Resources Ltd. or its various exploration projects please visit ATAC's website at www.atacresources.com or contact:
All analyses were completed at ALS Chemex Laboratories in North Vancouver using industry-standard fire assay and ICP techniques. The ALS Chemex Vancouver laboratory carries ISO 9001:2000 registration and is accredited to ISO 17025 by Standards Council of Canada for a number of specific test procedures including fire assay Au by AA, ICP and gravimetric finish, and multi-element ICP and AA assays for Ag, Cu, Pb and Zn.
The work at the Rau and Hopeful properties was supervised by Bill Wengzynowski P Eng. who is the qualified person for the projects as defined by National Instrument 43-101. Mr. Wengzynowski has reviewed the technical content of this news release.
Graham Downs, CEO
ATAC Resources Ltd.
ATAC RESOURCES LTD.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OF THIS NEWS RELEASE.
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