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ATAC Resources Ltd.
Summary
| Project: | Orion | |
|---|---|---|
| Deposit: | Orion | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-12-2018: ATAC Resources Ltd. announces an Exploration/Drilling Update report for its Orion deposit at the Orion project. Drilling results 7.61m @ 10.48g/t Au from 380m. VANCOUVER, Dec. 12, 2018 /CNW/ - ATAC Resources Ltd. (TSX-V:ATC) ("ATAC") announces | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Julia Lane (Internal) | |
| ABSTRACT: | VANCOUVER, Dec. 12, 2018 /CNW/ - ATAC Resources Ltd. (TSX-V:ATC) ("ATAC") announces that Barrick Gold Corporation ("Barrick") has terminated its option to acquire an interest in the Orion Project, located within ATAC's 100% owned Rackla Gold Property, Yukon. "We would like to thank Barrick for its exceptional collaboration and sharing its extensive knowledge of Carlin-style systems with ATAC over the past two years," said President and CEO Graham Downs. "Though early results from the Orion Project may not meet the corporate thresholds at Barrick, the project remains a highly-prospective mineral asset in a top-tier jurisdiction. With over $10 million in working capital, ATAC remains well positioned to continue exploration in 2019 across the Rackla Property, including the Orion Project." ATAC also announces the results from the 2018 exploration program on the Orion Project which included 7,410 metres of diamond drilling in 16 holes over a 15 km2 target area. "This year's drill campaign successfully identified the principal regional-scale gold bearing structure at Orion," stated Ed Cope, ATAC's Technical Advisor. "The fact that high-grade gold was intersected in all four step-out holes, across a very large area along the Anubis Fault, is a strong testament to the strength of the underlying hydrothermal system. The extensive Anubis Fault clearly warrants additional drilling." | |
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