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ATAC Resources Ltd.
Summary
| Project: | Rau | |
|---|---|---|
| Deposit: | Airstrip | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/10/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-8-2016: ATAC Resources Ltd. announces an Exploration/Drilling Update report for its Airstrip deposit at the Rau project. Drilling results incl. 13.71m @ 1.43g/t Au from 51.82m. August 10, 2016 - Vancouver, BC - ATAC Resources Ltd. (TSX-V:ATC) (“ATAC”) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Julia Lane (Internal) | |
| ABSTRACT: | August 10, 2016 - Vancouver, BC - ATAC Resources Ltd. (TSX-V:ATC) (“ATAC”) announces exploration results from the Rau Trend located at the western end of its 100% owned Rackla Gold Project, Yukon. Follow-up prospecting, mapping and soil sampling at the Airstrip gold anomaly was recently completed. The initial evaluation program also included drilling seven shallow RAB holes on two priority Airstrip anomalies identified in 2015 and further delineated by geological mapping in 2016. Near-surface gold mineralization was encountered at both of these targets and was hosted in a favourable, variably calcareous siltstone unit. Rock outcrop is limited across the Airstrip anomaly and nine additional targets remain to be tested in the future. An updated Airstrip anomaly map can be viewed on the ATAC website at www.atacresources.com. The first pass drill results are very encouraging at Airstrip and warrant further drilling. Recent mapping, prospecting and soil results are being interpreted in combination with the new drill information and will be used to define future drill targets. Highlights from the Airstrip RAB drilling are presented in the table below. The Airstrip gold anomaly was discovered in 2015 and is the largest gold-in-soil anomaly in the Rau Trend. The anomaly is located approximately 4 km southeast of the Tiger Gold Deposit and 3 km south of the Rackla Pluton, which is responsible for the development of gold mineralization at the Tiger Deposit. Soil sampling in 2016 increased the size of the Airstrip anomaly from 10 km2 to 11.5 km2 and it remains open to the north, south and west. | |
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