ATAC Summarizes its Highly Successful 2012 Exploration

ATAC Summarizes its Highly Successful 2012 Exploration Program,
Including the Expansion of the Conrad Zone to 800 metres Strike
Length 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/21/12 -- ATAC
Resources Ltd. (TSX VENTURE:ATC) is pleased to provide a summary of
its highly successful 2012 exploration program throughout its 100%
owned 1,700 sq/km Rackla Gold Project in central Yukon and to report
significant additional results from the 2012 Conrad Zone diamond
drill program. 
2012 exploration summary and highlights: 


 
--  Drilling at Conrad extends gold mineralization to over 800 m strike
    length while also confirming the near surface, high-grade and continuous
    nature of mineralization; 
--  Discovery of the Anubis and Pharaoh Carlin-type sub-districts within the
    Nadaleen Trend 10 km west and 13 km northeast of Conrad/Osiris,
    respectively; 
--  Drilling at the newly discovered Sunrise Zone in the Conrad/Osiris area
    returns 14.86 m of 10.54 g/t gold and it remains open in all directions;
--  Isis East Zone drilling confirms significant widths, grade and down-dip
    potential; 
--  Completion of over 37,000 m of diamond drilling on time and on budget; 
--  Over 20,000 soil and rock samples taken from the property-wide 1,700
    sq/km regional exploration program; 
--  Forty sq/km of additional staking completed to cover newly identified
    gold and pathfinder anomalies 13 km northwest of Pharaoh; and, 
--  Wide-spaced geochemical transect surveys conducted in late 2012 have
    identified numerous gold and Carlin-type pathfinder element anomalies
    within a 150 sq/km area surrounding Anubis. 

 
Confirmation of the excellent grade, continuity and open-ended
potential at the Conrad and Isis East Zones and new discoveries at
the Anubis, Pharaoh and Sunrise Zones were key milestones for ATAC in
2012. All clearly demonstrate the potential of the only true
Carlin-type gold occurrences in Canada. The high 2012 discovery rate,
achieved through comprehensive property-wide geochemical sampling and
prospecting, confirms the district scale potential of the Rackla Gold
Project. 
After only two seasons at the Nadaleen Trend, ATAC has greatly
exceeded its exploration expectations. The discovery of the Anubis
and Pharaoh Zones and the numerou
s untested anomalies and showings
outside the core Osiris/Conrad area represent additional untested
discovery potential for the 2013 exploration season. 
Conrad Zone 
The Conrad Zone is one of five significant drill-tested zones of
Carlin-type gold mineralization located within a 3 by 4 km area at
the eastern end of the 40 km long Nadaleen Trend. The other zones
within the cluster include the Osiris, Isis, Isis East Zones and the
newly discovered Sunrise Zone. The objectives of the 2012 drill
program included, as a priority, better definition of the Conrad Zone
beyond what was afforded by results of wide-spaced drilling in 2011.
2012 diamond drilling has extended the mineralized strike length
beneath cover rock at either end of the 475 m long zone of
near-surface mineralization in the core of the deposit, which occurs
in the crest of an anticline fold. 
Drilling has outlined at or near-surface mineralization along this
200 m wide corridor with consistently greater thickness and higher
gold grades than encountered in previous widely spaced holes that had
largely tested the anticline limbs.  
Wide spaced drilling at either end of the core zone has increased the
total strike length of gold mineralization to 800 m with
intersections from Section C100E to C900E. The drill holes targeting
the strike extensions are too widely spaced and did not reach the
core zone at depth. However, the tenor of gold mineralization from
drill intersections in the overlying pyritic siltstone cap rock is
very encouraging. For example, hole OS-12-187 intersected 45.72 m of
2.54 g/t gold on section line C800E. 
Updated Conrad Zone figures and project maps can be viewed on the
Company's website at www.atacresources.com. Significant results from
the remaining 2012 Conrad Zone drill holes are tabulated below. 


 
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Drill Hole    Cross Section    From (m)      To (m) Interval (m)  Gold (g/t)
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
OS-12-155     C500E              264.00      275.38        11.38        1.79
----------------------------------------------------------------------------
  and                            437.32      444.69         7.37        4.35
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
OS-12-159     C700E               96.01      121.92        25.91        3.76
----------------------------------------------------------------------------
  incl.                           96.01      105.16         9.15        7.83
----------------------------------------------------------------------------
  and                            179.83      182.88         3.05       17.25
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
OS-12-178     C450E               41.28       68.23        26.95        8.79
----------------------------------------------------------------------------
  incl.                           53.19       68.23        15.04       14.90
----------------------------------------------------------------------------
  and                             81.30      105.00        23.70        3.62
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
OS-12-180     C700E               20.42       26.52         6.10        4.12
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
OS-12-182     C450E              279.81      301.14        21.33        6.02
----------------------------------------------------------------------------
  incl.                          282.85      295.05        12.20        8.66
----------------------------------------------------------------------------
  and                            328.57      343.81        15.24        4.45
----------------------------------------------------------------------------
  and                            352.96      366.00        13.04        1.87
----------------------------------------------------------------------------
  and                            423.48      425.96         2.48       13.90
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
OS-12-184     C750E              146.91      198.73        51.82        4.05
----------------------------------------------------------------------------
  inc
l.                          169.10      177.39         8.29       14.12
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
OS-12-187     C800E              145.39      154.00         8.61        3.45
----------------------------------------------------------------------------
  and                            160.63      206.35        45.72        2.54
----------------------------------------------------------------------------
  and                            309.98      319.93         9.95       17.09
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
OS-12-190     C200E              326.14      332.23         6.09        4.79
----------------------------------------------------------------------------
  and                            344.42      365.76        21.34        1.50
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
OS-12-193     C850E              125.72      137.46        11.74        1.01
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
OS-12-195     C100E              143.06      161.54        18.48        1.19
----------------------------------------------------------------------------
  and                            271.27      280.42         9.15        2.00
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
OS-12-196     C900E              129.54      153.92        24.38        1.20
----------------------------------------------------------------------------
(i) Holes OS-12-185, 186, 188, 191, 192, 194 and 197 were step out holes    
drilled beyond the mineralized envelope and did not intersect significant   
mineralization.                                                             
(ii) Hole OS-12-181 was abandoned due to technical problems.                
(iii) The reported intersections are drilled thicknesses and are believed to
represent approximately 50 to 100% true widths.                             

 
2012 Key Discoveries 
Anubis 
The Anubis Zone is a Carlin-type gold discovery that was made in late
2012. Two of the three holes drilled at this zone returned 8.51 m of
19.85 g/t gold and 9.08 m of 16.76 g/t gold (see news releases dated
September 17 and October 24, 2012). The Anubis Zone is situated 10 km
west of Osiris and at the eastern end of a 600 m long arsenic/gold
geochemical anomaly and on one of a number open-ended regional
lineaments. The drilled zone of mineralization at Anubis remains open
along strike and down-dip and the accompanying 600 m long
arsenic/gold geochemical anomaly has received very limited
exploration. The Anubis Zone and numerous surrounding anomalies will
be a major focus of exploration and drilling in 2013.  
Sunrise 
The 2012 Sunrise Zone Carlin-type Discovery is located 300 m east of
the main Osiris anticline zone. Mineralization at the Sunrise Zone
occurs as two apparently sub-parallel structural and stratabound
zones. OS-12-173 was collared in mineralization and intersected
intensely decalcified limestone, returning 14.86 m of 10.54 g/t gold
(see news release dated October 17, 2012). The Sunrise Zone remains
open along strike and down-dip and will be a major focus of drilling
in 2013.  
Pharaoh 
The Pharaoh target was discovered in late 2012 and it is located 13
km northeast of Osiris. It is defined by anomalous clusters of
anomalous antimony, arsenic and gold responses along a 6 km long
trend. Prospecting identified both northwest trending quartz veins
and north trending breccia/vein zones. Grab samples from the quartz
vein material graded up to 79.40 g/t gold from below detection.
Additional significant results from vein grab samples include 76.40,
49.60, 21.50, 11.30 g/t gold (see news release dated October 3,
2012). Advancing the Pharaoh target to drill stage will be a priority
in 2013. 
QA/QC 
Samples were forwarded to ALS Minerals in Whitehorse, Y.T. or North
Vancouver, B.C. where they were fine crushed before a 250 gram split
was pulverized to better than 85% passing 75 microns. The pulverizing
circuit was cleaned with quartz sand twice between samples. Pulps
were then analyzed at ALS Minerals in North Vancouver where gold
determinations were carried out. Splits of the pulverized fraction
were routinely dissolved in aqua regia and analyzed for 49 elements
using inductively coupled plasma (ICP) together with mass
spectrometry (MS) or atomic emission spectroscopy (AES). Gold
analyses were by the Au-AA26 procedure that involves fire assay
preparation using a 50 gram charge with an atomic absorption
spectroscopy finish. Mercury analyses are performed using atomic
absorption spectroscopy (AAS). 
Rigorous procedures are in place regarding sample collection, chain
of custody and data entry. Certified assay standards, duplicate
samples and blanks are routinely inserted into the sample stream to
ensure integrity of the assay process. 
The technical information in this news release has been approved by
Robert C. Carne, M.Sc., P.Geo., the President of ATAC Resources Ltd.,
and a qualified person for the purposes of National Instrument
43-101. 
About ATAC 
ATAC is a well-funded, Yukon-based exploration company focused on
developing Canada's only Carlin-type gold discoveries at its 100%
owned, Rackla Gold Project. For additional information concerning
ATAC Resources Ltd., please visit our website at
www.atacresources.com. 
On behalf of Management and the Board of Directors of ATAC Resources
Ltd. 
Graham Downs, CEO 
This news release may contain forward looking statements based on
assumptions and judgments of management regarding future events or
results that may prove to be inaccurate as a result of exploration
and other risk factors. 
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS
RELEASE. 
Contacts:
ATAC Resources Ltd.
Vanessa Pickering
Manager, Corporate Communications
604-687-2522 ext. 260
vpickering@nordacres.com
www.atacresources.com
 
 
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