Mining News: Northern Neighbors: Atac finds additional oxide gold mineralization adjacent to Tiger

Atac Resources Ltd. Aug. 10 posted results from exploration of the Rau trend located at the western end of its huge Rackla Gold project in Yukon Territory. Follow-up prospecting, mapping and soil sampling has expanded the Airstrip gold anomaly to 11.5 square kilometers (2,840 acres). Discovered in 2015, about 4,000 meters south of the Tiger gold deposit, Airstrip is the largest gold-in-soil anomaly in the Rau Trend. The initial evaluation program also included seven shallow rotary air blast drill holes at two priority anomalies identified at Airstrip. Near-surface gold mineralization was encountered at both of these targets, including one 13.7-meter intercept of 1.43 grams per metric ton gold in hole ASR-16-006. Atac said the first-pass drill results are very encouraging at Airstrip and warrant further drilling. The company also completed detailed prospecting at a previously underexplored gold-in-soil anomaly situated 125 meters from the southeastern limit of the proposed Tiger deposit pit. Ten out of 21 oxide float composite grab samples collected over a 150-meter-long area upslope of the east end of the Tiger deposit, returned values greater than one g/t gold with the most notable sample returning 18.3 g/t. The company says follow-up trenching and diamond drilling is warranted to determine if this mineralization could complement the current Tiger Deposit oxide mineral resource outlined in a preliminary economic assessment published in May. “The recently identified oxide mineralization is a major development as this new area has potential to add oxide gold ounces directly adjacent to the eastern end of the proposed Tiger Deposit open-pit,” said Atac President and CEO Graham Downs. “This in addition to the fact that we were able to encounter gold in three of our very first scout holes drilled at the Airstrip anomaly is very significant and a testament to the extensive mineralizing system that exists within the Rau Trend.” The company is also carrying out RAB drilling 90 kilometers (55 miles) east of Tiger, at the Orion Carlin-type gold discovery within the Nadaleen trend of the Rackla property.

-Shane Lasley

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