Atac Resources Ltd <ATC:TSX-V>
Shares issued 8,213,034
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Atac's feature exploration projects for 2003 will be the Arn and Golden Revenue properties, in which the company holds 100-per-cent working interests.
The Arn property hosts a promising 2002 drill discovery plus a number of new prospecting finds. A drill is currently on site and is ready for follow-up holes to test beneath and along strike from a blind intersection that averaged 11.92 grams per tonne gold across 12.67 metres, within which is an interval that assayed 64.42 g/t across 1.98 metres.
The Golden Revenue property is a more advanced gold prospect. It includes several lightly explored high-grade targets and an 1,800-by-500-metre bulk tonnage zone, only a small portion of which has been drill tested. Results from different high-grade targets include the following:
15.6 g/t gold over five metres in an old adit;
31.45 g/t gold over 15.24 metres in a reverse circulation percussion hole;
18.6 g/t gold over 2.2 metres in a diamond drill hole; and
16.8 g/t gold over six metres in an excavator trench.
Exploration in the bulk-tonnage zone has also produced impressive results. Thirteen diamond drill holes in a 200-by-200-metre area near the centre of the zone have yielded a total of 59 significant intersections within broader areas of lower-grade material. On average, each hole contains cumulative significant intersections totalling 49.51 metres in length at a weighted average grade of 1.35 g/t gold. The longest individual intersection averaged 1.32 g/t gold across 57.76 metres. Very little drilling has been done outside of this core area.
Atac is actively considering various financing and option alternatives that will ensure that these quality prospects receive the attention they deserve. For more information contact the company at 1-866-886-2568 or E-mail at tom@nordacres.com
Downloadable PDF (Brochure) available: atacres.com
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