W. Douglas Eaton, President, is pleased to announce that ATAC’s field crew is now at the Arn gold property in southwestern Yukon. Drill site construction is underway, together with soil sampling, prospecting and hand trenching to better define targets on the lightly explored western part of the property. An additional 40 claims have been staked bringing the total to 68 claims comprising approximately 1400 hectares. The new claims cover another gold occurrence and reconnaissance soil geochemical anomalies with gold values similar to those that led to three promising discoveries in fall 2002. The current exploration schedule has diamond drilling beginning about July 10. Drilling will explore downdip and along strike from a 2002 intersection that averaged 11.92 g/t gold across 12.67 m, before moving westward to test the best of the new showings.
Mr. Eaton also announces that ATAC has terminated its option on the Wildcard property and has signed an option agreement for its Seymour property. The Wildcard option was relinquished because assay results from a brief property examination failed to meet expectations. The Seymour option agreement was signed with Daneli Ventures Inc. Under terms of the agreement Daneli can earn a 50% interest by making cash payments totalling $23,000 and work expenditures totalling $500,000 by December 31, 2007. The Seymour property lies about 70 km by road west of Carmacks in central Yukon. It hosts gold and silver mineralization associated with veins, porphyry dykes, and skarn zones.
For more information regarding ATAC Resources or its projects please contact Tom Corcoran, Corporate Communications Manager at 604-688-2568, toll free at 1-866-886-2568 or email: [email protected]
ATAC RESOURCES LTD.
Per: W. Douglas Eaton, President