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Michael Ugulini
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Michael Ugulini is a full-time freelance writer from the Niagara Region, Ontario, Canada. He's a business article writer and ghostwrites a daily U.S. stock market newsletter. Michael focuses his due diligence on dividend paying stocks. He has an ongoing interest in learning more about blue-chip... More
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  • ATAC Resources Focusing On Developing Canada's Only Carlin-Type Gold District 1 comment
    May 25, 2014 10:25 PM

    ATAC Resources is an exploration company concentrating on developing Canada's only Carlin-type gold district at the company's 100 percent owned Rackla Gold Project. The Rackla Gold Project has no underlying royalties or third-party interests. The Project is 55 kilometres northeast of Keno City, Yukon. ATAC Resources has its corporate headquarters in Vancouver, British Columbia.

    In addition, ATAC owns interests in the Connaught prospect. This is a silver-gold property situated in the Sixtymile placer gold camp of western Yukon Territory, Canada. The property lies 65 kilometres due west of Dawson City. The Company's 100 percent owned Connaught prospect hosts seven main silver-gold veins.

    Furthermore, the company owns interests in the Dawson Gold Project in west-central Yukon. The Dawson Gold project consists of four separate claim blocks. These are Touleary, Dan Man, Green Gulch and Shamrock. This Project is approximately 100 kilometres south of Dawson City.

    Recent exploration on the 1,700 km2 Rackla Gold Project resulted in the delineation of the Tiger Gold Deposit, drilling of multiple high-grade Carlin-type gold zones, as well as the identification of many early-stage gold targets. Rackla hosts two distinct trends, which are the Rau (20 km long) and Nadaleen (50 km long) Trends.

    The company's Rau Trend hosts the Tiger Gold Deposit and the Ocelot silver-lead-zinc-tin discovery. Its Nadaleen Trend hosts drill-confirmed Carlin-type mineralization at the Conrad, Osiris, Isis East, Sunrise, as well as Anubis Zones. The bulk of ATAC Resources 2014 exploration program will center on the Carlin-type gold discoveries within the Nadaleen Trend.

    Recently, ATAC Resources announced that it approved the adoption of a new shareholder rights plan. This will be effective upon the termination of the existing shareholder rights plan at the company's 2014 annual general meeting. This meeting is scheduled to occur on June 24, 2014.

    The design of the new rights plan is to encourage the fair and equal treatment of shareholders with regard to any takeover bid for its outstanding securities. The new rights plan will provide the Board of Directors with extra time to assess the advantages and disadvantages of any specific offer, and to look for alternative proposals in shareholders' best interests.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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  • Michael Ugulini
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    Comments (29) | Send Message
     
    Author’s reply » ATAC Resources Ltd. (ATC.V): Since 2010, exploration has been focused on the Nadaleen Trend. The company is well-funded with more than $25 million in the bank.
    25 May, 10:29 PM Reply Like
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