February 17, 2009 — ATAC Resources Ltd. (“ATAC”) (TSX-V:ATC) announces that it has acquired eleven new Yukon gold projects through staking.
ATAC is actively researching gold prospects. The Company has staked eleven promising targets in late 2008 and early 2009. These property acquisitions have been made in three key areas.
The Matson, Green Gulch, Dan Man and Touleary properties were staked in west-central Yukon near the White Gold discovery of Underworld Resources Ltd. The Green Gulch property directly adjoins the south end of the White Gold property. The new properties cover the probable sources of strong gold-in-silt anomalies and/or placer gold deposits.
The Stoked, Rae and Mouse properties are spread along a belt 80 to 125 kilometres along strike to the west of ATAC’s recent Rau gold discovery, which is located 55 km northeast of Keno City in central Yukon. These prospects exhibit many of the same geological and geochemical characteristics as the Rau property.
The Black, Ross, Ham and Hobo properties are situated approximately 50 km east of the former Brewery Creek Mine in central Yukon. These properties cover geophysical and/or geochemical anomalies in proximity to barely unroofed granitic intrusions similar to those at Brewery Creek.
With the recent property acquisitions and the termination of options on the Arn, Hartless Joe, Rosy and Wau properties, ATAC now has 20 wholly owned gold projects, many of which are drill ready. ATAC is preparing a comprehensive exploration program to evaluate its newly acquired and existing gold properties.
The Rau gold discovery continues to be ATAC’s main focus and accordingly, a significant 2009 diamond drill program is being contemplated to follow up on 2008 results. Highlights from previously released 2008 drill results include 46.42 m averaging 2.92 g/t gold from hole Rau-08-16 and 78.00 m grading 1.71 g/t gold from hole Rau-08-05. Significant intervals from all of the 2008 holes can be viewed on ATAC’s website.
The technical information in this news release has been reviewed by Robert C. Carne, M.Sc., P.Geo., a qualified person for the purpose of National Instrument 43-101.