VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2011) - ATAC Resources Ltd. (TSX VENTURE:ATC) is pleased to announce the first two diamond drill hole results from the Conrad Zone within the Nadaleen Trend of the Company's 100% owned 1,600 sq/km Rackla Gold Belt in central Yukon.

The Conrad Zone is one of four Carlin-type gold zones drilled to date within the Osiris area, located in the eastern part of ATAC's 185 km long Rackla Gold Project. The first 2011 hole (OS-11-010) was drilled 100 metres east of the 2010 Conrad discovery hole (OS-10-008) which intersected 21.13 metres grading 8.03 g/t gold (see news release dated November 30, 2010), while the second hole (OS-11-011) was drilled from the same pad as OS-10-008 and was designed to intersect a steeper cut of that mineralized section. Drill results are tabulated below.

• The reported intersections are drilled thicknesses and are believed to represent approximately 80% true thickness.
• The 2011 season commenced with drill hole OS-11-010 as OS-10-009 was the last hole drilled in 2010 at the Eaton Zone.
• Of forty-five intervals used to calculate the 114.93 m weighted average grade in OS-11-010, 32 intervals yielded >1 g/t Au while only 4 intervals returned <0.25 g/t Au.

Mineralization at the Conrad Showing is developed in close proximity to a property-scale structural feature referred to as the Nadaleen Fault. The Nadaleen Fault bisects the Osiris target area and is inferred to extend the length of the 25 km long Nadaleen Trend and is also thought to represent one of a number of deep structural feeders localizing gold in the Osiris mineralizing system. Alteration at the Conrad Zone consists of carbonate and non-carbonate host rocks that are largely texturally destroyed, clay altered and mineralized with varying concentrations of gold in association with realgar and fine sooty pyrite.

Drilling continues at Conrad with one drill systematically evaluating the prospective gold zone along the trace of the Nadaleen Fault, particularly eastward towards an outcrop exposure that yielded 40.3 g/t gold. Two diamond drill rigs are currently testing the Osiris Zone to continue evaluating the geometry and extent of this gold zone where the 2010 discovery hole reported 65.20 metres grading 4.65 g/t gold (see news release dated September 1, 2010).

The Company is also drilling a new target where one spring water precipitate sample taken 4 km to the west of the Conrad area along the trace of the Nadaleen Fault graded 15.5% arsenic. One drill is testing this target. Updated maps and figures can be viewed on ATAC's website www.atacresources.com.

"We are very excited with the exceptional gold grades intersected 100 metres east of the 2010 Conrad discovery hole," states Graham Downs, ATAC's CEO. "Drilling at the Osiris area of the Nadaleen Trend is well underway and over 75% of the regional soil and silt sampling is complete."

Samples were forwarded to ALS Minerals in Whitehorse, Y.T. 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 sent to ALS Minerals in North Vancouver, B.C. where gold determinations were carried out and 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 and 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 reviewed by Robert C. Carne, M.Sc., P.Geo., a qualified person for the purpose 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 discovery 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 the Board,

Graham Downs, CEO

ATAC Resources Ltd

Atac shares jump on Yukon gold drilling intercept; result 'positive' - analyst

Exploration drilling in the Yukon continues to yield strong gold intercepts for Atac as it explores the highly prospective Rackla gold belt.

Author: Kip Keen
Posted: Wednesday , 06 Jul 2011

VANCOUVER, BC -

Atac Resources (TSX-V: ATC) cut strong gold grades over a long interval in a step-out drillhole following up on last year's single discovery hole at the Conrad zone. Drillhole 10, a 100 metre step out to the east of the discovery hole, hit 115 metres @ 3.15 g/t gold starting 176 metres downhole.

Atac also returned 15 metres @ 1.64 g/t Au in drilling below the discovery hole, which cut 21 metres @ 8.03 g/t Au.

Atac's shareprice shot up following news of the drilling results and was trading up 5 percent at C$8 as of presstime.

Paradigm Capital Analyst, Jonathan Case, who covers Atac for Paradigm clients, said that while he wouldn't get too excited with a a single step-out, it was nonetheless a "positive" result as it showed strong mineralization over a wide zone.

"I think that's pretty significant," Case said, putting it in terms of what he characterized as Atac's need to build tonnes in the hopes of outlining a few million ounces gold in the area to justify the cost of bringing in infrastructure to support a mine there someday.

Case said he was maintaining a hold on Atac stock.

While Case pointed out that with the drilling results out so far it's too early to map potential continuity of gold mineralization between Conrad and nearby zones such as Osiris and Eaton or, for that matter, to break out the calculator and guess at potential ounces in the ground, the latest results are nonetheless important for Atac.

"To me this is back filling" Case said. "To me this is meeting the expectations."

Atac continues to drill the Conrad zone where 400 metres east in the Eaton zone it hit 40 metres @ 1.61 g/t Au last year. About a kilometre to southwest of Conrad in the Osiris zone Atac also hit as much as 65 metres @ 4.65 g/t Au in 2010 drilling.

These zones fall in what Atac calls the Nadaleen trend and in turn they lie about 100 kilometres east along the Rackla gold belt from a second key area of exploration for Atac called the Rau trend. At Rau Atac hit as much as 96 metres @ 4.04 g/t Au in sulphides and 28 metres @ 24.07 g/t in oxides in the Tiger zone. It also recently discovered strong silver-lead-zinc mineralization in drilling the Ocelot zone.

With those exploration successes have come high investor expectations for Atac, which has a C$780 million market capitalization. Those expectations, Case noted, stem from Atac's discovery of gold mineralization in wide-ranging limestone units which it likens to Nevada's gold-rich Carlin formation.

The hope underpinning Atac's market capitalization, Case suggested, is that Atac's 1,600-sq.-km of concessions in the Rackla gold belt hold some 20 to 30 million ounces gold, that it is a "another Nevada," as he put it.

"That's the bet," Case said.

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