Atac Resources

The Rackla Gold Project is located 55 km northeast of Keno City in Central Yukon and is 100% owned by ATAC Resources Ltd. with no underlying royalties. The project is over 1,600 km(2) and is situated between the regional-scale Dawson thrust and Kathleen Lakes fault, within a Paleozoic carbonate inlier of the Selwyn Basin tectonic province. Replacement-style, gold-bearing sulphide and oxide mineralization occurs in Bouvette Formation shallow water limestone, dolomite, and calcareous siltstone of Cambrian to Devonian age.

The Rackla Gold Project was a grassroots discovery made by ATAC in 2006, and since then the Company has acquired over 160 km of favourable structure and stratigraphy through staking.

Exploration was initially focused along a 15 km ridge system, called the Rau Trend, where more than a dozen gold and/or silver exploration targets have been identified. Detailed work has been centered on the Tiger Zone, which has received 132 diamond drill holes totaling 25,900 m between 2008-2010.

In late July 2010, a new discovery of gold mineralization was made 100 km east of the Tiger Zone while following up anomalous arsenic values documented in the Yukon Geological Survey stream sediment geochemical data base. Prospecting and soil geochemical sampling by ATAC has outlined six areas of gold mineralization in bedrock and talus within a 2 km by 3 km area at the east end of a 25 km long belt of anomalous arsenic geochemistry termed the Nadaleen Trend.

The Rackla Gold Project is situated within the traditional territory of the First Nation of the Na Cho Nyak Dun (“NND”). ATAC and the NND entered into an Exploration Cooperation Agreement that focused on relationship building between the parties and provides a framework for future exploration and environmental activities at ATAC’s Rackla Gold Project.