Commencement Of Drilling At The East Goldfield Property

VANCOUVER – ATAC Resources Ltd. reported that that drilling has commenced at its road-accessible East Goldfield Property, located in the Goldfield Mining District of Nevada, approximately 8 km east of Waterton Global Resource Management’s fully permitted and shovel-ready Gemfield project. The Goldfield Mining District comprises one of the largest and richest high-sulphidation epithermal gold deposit clusters in North America. Located within the Walker Lane structural belt, it has a reported historic production of 4.2 million ounces at 18.55 g/t gold.

East Goldfield Drill Program Highlights: Reverse Circulation drilling at the Tom Keane mine to validate and step out on historical holes which include 22.86 m of 2.88 g/t gold and 44.20 m of 1.03 g/t gold as reported by a previous operator; Regional holes planned to test priority targets identified by prospecting work, including chip sample results of 4.16 g/t gold over 8 m in an area which has not seen previous drilling; Over 4,000 m of drilling planned in 15 holes, with additional drilling to be added depending on drill production; and Follow-up prospecting at numerous untested targets identified by recent geochemical and hyperspectral surveys.

“The East Goldfield property has incredible potential to host significant high-sulphidation gold mineralization. Drilling at the historical Tom Keane mine nearly two decades ago returned excellent near-surface results,” said President and CEO, Graham Downs. “Additionally, preliminary geochemical sampling and prospecting conducted by ATAC in 2021 has identified a high-grade showing in outcrop that has never been drill tested. We’re very excited to have a drill turning on this project, testing the numerous compelling targets identified across the property.”