Geophysics And Geochemistry At Connaught Copper Property Identifies Multiple New Porphyry Targets

VANCOUVER - ATAC Resources Ltd. reported on exploration work at its 137 km2 Connaught property near Dawson City, Yukon. The road-accessible Connaught property, located at the head of the Sixty Mile placer gold camp, lies within the 150 km-long Sixtymile-Pika fault system that hosts porphyry, skarn and epithermal mineralization in Yukon and Alaska. Connaught demonstrates compelling copper-molybdenum ± gold porphyry potential and hosts 26 distinct silver-lead-zinc-gold-copper epithermal veins. The 2021 exploration program focused on evaluating the previously untested copper porphyry potential.

Geophysical and geochemical surveys identify four target areas for copper-molybdenum±gold porphyry potential along a 13 km trend. Target Area A, a pre-existing copper-molybdenum-in-soil anomaly underlying the 2021 trenching area, was extended 500 m to the east and 600 m to the north (total 2,000 x 1,100 m). Target Area B is a new 1,300 x 1,700 m copper±gold-in-soil anomaly located 2.5 km southeast of the 2021 trenching area coincident with a magnetic "donut" feature and high resistivity. Target Area C is a new 2,100 x 400 m copper-molybdenum-in-soil anomaly located 5 km west of the 2021 trenching area within a broad magnetic high. The Target Area D is a pre-existing 700 x 1,000 m copper-molybdenum-in-soil anomaly located 9 km west of the 2021 trenching area within a broad magnetic high. High chargeability anomalies indicative of the presence of sulphides identified underneath 2021 trenches that returned highly anomalous copper, and strong gold-in-soil response, up to 0.43 g/t gold, nearby a magnetite skarn outcrop.

"These very positive results from the 2021 geophysical and geochemical surveys, combined with the trenching program, are a major development in our understanding of the widespread nature of mineralization and porphyry potential along a 13 km trend," said, President and CEO, Graham Downs. "This year's work has identified multiple compelling drill targets for 2022 across four distinct target areas. We look forward to receiving the remaining trenching results so we can refine our targeting and announce details of a comprehensive porphyry-focused drill program for next season."