ATAC Resources Ltd. drills significant new silver-lead-zinc discovery at its Ocelot target, Rackla Gold Project, Yukon

Marketwire | June 13, 2011 | 6:18 pm Base Metals Precious Metals Lead Silver Zinc 

ATAC Resources Ltd. (TSX VENTURE:ATC) is pleased to announce it has made a significant silver-lead-zinc discovery at the Ocelot target beneath a known but previously undrilled surface gossan. The target is located within the Rau Trend in the western portion of ATAC’s 100% owned Rackla Gold Project in the Keno Hill Mining District, Canada’s second largest primary silver producer.

Highlights of the Ocelot discovery include:

  • Best grade interval yielding 145.43 g/t silver, 3.36% lead and 11.65% zinc across 41.72 m;
  • Drilled intervals of semi-massive to massive sulphide up to 63 m thickness;
  • Near surface replacement-style sulphide mineralization starting at 57 m in the hole;
  • The gossan is at the east end of a 2.3 by 1.0 km lead and zinc soil geochemical anomaly;
  • Located 60 km from an all-season highway and 1.5 km north of the Wind River Winter Road.

The Ocelot area is located at low elevation which allowed diamond drilling to commence in early spring. To date, five diamond drill holes were located near the edge of the gossan in early spring 2011 following encouraging prospecting and cursory diamond drilling results from a different part of the mineralizing system in 2010 (see news releases July 8, 2010 and November 30, 2010).

Read the full news release

Image by ATAC Resources Ltd.

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