ATAC Resources Ltd. Intersects 12.50 m of 20.78 g/t Gold of Near-Surface Mineralization at the Conrad Zone read the headline of ATAC’s August 29th press release.
ATAC shares (V.ATC) are trading up $0.07 today at $0.75 as I write. This is a spectacular result from the Rackla property in the Yukon and given the number of drills turning ( four as I write) there will be a steady stream of news from ATAC in the next few months.
When I visited the ATAC property in July, Graham Downs, the CEO, told me “This summer ATAC will be spending approximately 8 million dollars exploring the Osiris Project. Barrick will spend 5 million exploring its section of the property and another two million will be spent at the Rau Project at the Western end of the property.” That’s a lot of drilling.
If future results are anything like the 20.78 gpt reported yesterday and gold continues above $1300, each news release should bring fresh buying to ATAC. The biggest challenge the company will have to meet is ensuring that its news stands out as the results from dozens of summer drilling programs leave the labs and hit the street.