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ATAC Resources Ltd.
Summary
| Project: | Orion | |
|---|---|---|
| Deposit: | Orion Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/12/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-9-2016: ATAC Resources Ltd. announces an Exploration/Drilling Update report for its Orion Zone deposit at the Orion project. Drilling results 61.29m @ 2.75g/t Au from 18.00m. September 12, 2016 - Vancouver, BC - ATAC Resources Ltd. (TSX-V:ATC) (“ATAC”) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Julia Lane (Internal) | |
| ABSTRACT: | September 12, 2016 - Vancouver, BC - ATAC Resources Ltd. (TSX-V:ATC) (“ATAC”) announces results for the first three completed diamond drill holes of the planned ten hole program at its Orion Zone, located within the Nadaleen Trend at the eastern end of ATAC’s 100% owned Rackla Gold Project, Yukon Territory. Exploration at the Orion Zone in 2016 began with a Phase I RAB drill program to better delineate gold mineralization surrounding the 2015 Orion discovery RAB hole in preparation for diamond drilling. The ongoing Phase II diamond drill program has confirmed gold mineralization proximal to the Anubis Fault through improved sample recovery over the Phase I RAB drill program. Holes AN-16-010, 011 and 012 are the first diamond drill holes completed at the Orion Zone, which is one of nine gold exploration targets within the 18 km² Anubis Cluster. Gold mineralization within these holes is developed adjacent to the Anubis Fault, one of two regional northwesterly trending graben-bounding structures that delineate the Anubis Fault corridor. Locally, gold mineralization occurs within strong hydrothermally altered pyritic siltstones in the fault hanging wall and a highly fractured and intermittently oxidized reefal limestone unit in the footwall. “The confirmation of the 2015 Orion discovery RAB hole by diamond drilling is important as it provides definitive results to further vector in on gold mineralization at Orion and confirms significant gold exploration potential exists within the Anubis Fault corridor,” states Graham Downs, President and CEO of ATAC. “The Anubis Fault corridor is a highly prospective area that contains significant surface gold and pathfinder element geochemical anomalies that reflect the strong potential for gold mineralization throughout the 18 km2 Anubis Cluster.” | |
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