Mining News: ATAC encouraged by high-grade Tiger gold

ATAC Resources Ltd. Oct. 23 reported that a 12-hole drill program encountered high-grade gold at the Tiger deposit and Tiger East anomaly at Rau, a project located at the eastern end of the company’s roughly 185-kilometer- (115 miles) long Rackla property in the Yukon. The 2017 program at Tiger focused on expanding the known sulfide and oxide resources within and adjacent to an open pit outlined in a preliminary economic assessment completed in 2016. Highlights from the 12 holes drilled this year include: 51.82 meters of 5.66 grams per metric ton gold in oxide mineralization east of the Tiger deposit; 56.77 meter of 4.08 g/t gold in a hole that confirms sulfide grade and continuity within the deposit; 64.01 meters of 2.46 g/t gold in sulfide mineralization to the west of Tiger; and 21.34 meters of 2.59 g/t gold in new oxide gold mineralization at the Tiger East anomaly. “These results reinforce ATAC’s commitment to advance Tiger through feasibility and permitting,” said ATAC President and CEO Graham Downs. “The 2017 drilling was designed to build upon positive results from the company’s updated 2016 PEA which demonstrated that sulfide gold mineralization, previously classified as waste in the 2014 PEA, could be processed to increase the deposit’s recoverable ounces of gold.”

–SHANE LASLEY