June 9, 2005 - Robert C. Carne, President is pleased to announce that ATAC has negotiated an option for its Arn gold-copper property located in southwestern Yukon. Under terms of the option agreement, ATAC has granted Golden Reign Resources Ltd. the right to earn a 50% interest in the property in return for cash payments totalling $200,000 (or shares equal to that value) and work expenditures totalling $1,000,000, all before March 1, 2008. A sum of $25,000 will be paid upon signing.
The first year work commitment requires a minimum expenditure of $100,000. The proposed work program will consist of: detailed geological mapping; hand trenching; and, closely spaced induced polarization and magnetic surveys to trace known bands of sulphide rich, gold-copper mineralization into areas blanketed by talus, glacial moraines and creek gravels. The work will be done in the vicinity of Zones A and B, which were partially delineated by diamond drilling in 2004, and Zones K, L, M and Q which are located about 3 km to the west and have never been drilled.
ATAC is a well funded junior mining company focussed on gold and is using its expertise to identify and acquire promising new plays. For information concerning the Company or its various projects that are available for option, please contact Graham Downs at 604-688-2568 or 1-800-598-4155; Jim Stephen at 867-668-6443; or, email [email protected].
ATAC RESOURCES LTD.
Per: Robert C. Carne, President
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