ATAC Resources Reports RAB Drill Gold Discovery

- November 19th, 2018

ATAC Resources Ltd. announced a rotary air blast (RAB) drilling gold discovery and the final seven diamond drill hole results from the Osiris, Conrad and Sunrise deposit expansion program within its Osiris Project.

ATAC Resources Ltd. (TSXV:ATC) announced a rotary air blast (RAB) drilling gold discovery and the final seven diamond drill hole results from the Osiris, Conrad and Sunrise deposit expansion program within its 100 percent-owned Osiris Project, located at its Rackla Gold Property, Yukon.

Highlights are as follows:

RAB drilling identified anat-surface, high-grade gold discovery located approximately 1,000 meters southwest of the Conrad Zone and 800 meters east of Ibis Zone;\

Step-out drilling at Osiris returned 8.63 meters of 11.72 grams per tonne gold in hole OS-18-275, representing one of the highest grade mineralized intersection encountered to date at the Osiris Zone; and,

Step-out drilling 60 meters along the 650-850 fault corridor at Conrad returned 7.29 meters of 8.90 grams per tonne gold at the faulted contact of limestone and siliciclastic units in hole OS-18-278.

Graham Downs, president and CEO, commented:

This drill season demonstrated the resource expansion potential that highlights the Osiris Project as one of Canada’s modern district-scale gold discoveries. We have systematically stepped out on our high-grade maiden resource estimate and discovered additional mineralization near surface and down dip at the Conrad, Sunrise, and Osiris deposits. All of these zones remain open in multiple directions and offer exciting opportunities for drill targeting next year. In addition, our scout drilling has once again identified new gold mineralization regionally, which reaffirms our belief that additional discoveries will be made across the Rackla Gold Property.

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