Greetings,

ATC announced a significant intersection today (28 meters grading 24 g/t gold), sending the stock soaring over 50% on high volume.

Strategic Metals (SMD-TSXV),  holding 8.8 million shares of ATC, is following close behind.  SMD has strategic exposure throughout the Yukon via shareholdings or land holdings, and is flush with cash.

KAM, also active in the White Gold district area play, just released and has started moving up.

I've started a White Gold area play group - if you wish to stay up to date on what's happening in this area, join us here: http://www.stockhouse.com/Groups/GroupInfo.aspx?g=50444

Kaminak Gold starts field program at Yukon properties

2009-07-07 08:44 ET - News Release

Mr. Tony Reda reports

KAMINAK COMMENCES TRENCHING PROGRAM ON "WHITE DISTRICT" GOLD PROPERTIES

KaminakGold Corp. has commenced an initial field program consisting ofmechanized trenching, soil sampling and ground magnetic surveys on thecompany's Coffee, Cream and Kirkman properties located in the newlyrecognized White district in west-central Yukon Territory.

Theprimary objective of the trenching program will be to strip overburdenand expose bedrock over high-priority gold-in-soil anomalies on theCoffee property. Over 5,500 metres of trenching are planned and thesenew exposures will be systematically mapped with approximately 1,000rock chip samples expected to be taken and sent for geochemicalanalyses. In addition, a total 5,000 soil samples are planned on theCoffee property and these will be taken over new potential goldtargets. The Kirkman and Cream properties will undergo geologicalmapping, minor trenching and approximately 1,800 total soil samples.

Thetotal cost of this initial program is $430,000 and it is expected to becompleted by the end of July. Subsequent follow-up work is planned forAugust and September and will be contingent on chip sampling results.

Prospectingand geochemical sampling work to date on Kaminak's properties haveidentified coincident soil anomalies consisting of elevated gold (Au),arsenic (As) and antimony (Sb) similar to that observed on Underworld'sWhite property where subsequent trenching and drilling led to thediscovery of bedrock mineralization by Underworld. On Kaminak's Coffeeproperty, over 1,250 soil samples have been collected and results haveoutlined a core anomaly measuring 1.5 kilometres by two km which ischaracterized by a strong geochemical signature defined by Au (highestthreshold from 80 to 839 parts per billion (ppb)), As (100 to 1,758ppm) and Sb (eight to 117 ppm). Two smaller grids were also establishedalong the regional strike situated 2.5 kilometres east and 4.5kilometres west of the core grid. Both grids outlined anomalous goldvalues with the highest threshold values on the western grid rangingfrom 50 to 643 ppb Au, and values on the eastern grid ranging from 50to 148 ppb Au. The three separate grids are demonstrating anomalousgold values over a linear length of 10 km. These results indicate thatthe Coffee soil anomaly is the largest and most intense newgold-in-soil anomaly in the White gold district. Maps and images fromthese new Kaminak properties are now available on the company's website.

Kaminak closes non-brokered $1.3-million private placement

Kaminaktoday announced the closing of a non-brokered private placementapproved by the TSX Venture Exchange totalling $1,299,290. At closing,Kaminak issued 2,887,311 units through two separate tranches at a priceof 45 cents per unit, to raise proceeds of $1,299,290. The warrantsassociated with the financing expire June 29, 2011, and July 7, 2011,and are subject to an acceleration clause, whereby, if the weightedaverage trading price of Kaminak's shares on the exchange is at a pricegreater than 10 cents above the strike price of a whole common sharepurchase warrant for a period of 10 consecutive trading days, thecompany will have the right to accelerate the expiry date of thewarrants. Kaminak will give written notice to the holders of thewarrants that the warrants will expire within 30 days of the datenotice provided by the company to the warrant holders. Such notice bythe company to the holders of the warrants may not be given until fourmonths and one day after the closing.

All of the shares and anyshares issued upon exercise of the units and the units comprising thecompensation option are subject to a hold period and may not be tradedin Canada until Oct. 26, 2009, or Nov. 8, 2009, except as permitted byapplicable Canadian securities laws and the TSX Venture Exchange.