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ATAC Resources Ltd.
Summary
| Project: | Orion | |
|---|---|---|
| Deposit: | Orion Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/7/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-11-2016: ATAC Resources Ltd. announces an Exploration/Drilling Update report for its Orion Zone deposit at the Orion project. Drilling results 6.31m @ 1.00g/t Au from 96.93m. November 7, 2016 - Vancouver, BC - ATAC Resources Ltd. (TSX-V:ATC) (“ATAC”) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Julia Lane (Internal) | |
| ABSTRACT: | November 7, 2016 - Vancouver, BC - ATAC Resources Ltd. (TSX-V:ATC) (“ATAC”) is pleased to announce results of cyanide leach testwork and diamond drill results from the Orion Zone, located within the Nadaleen Trend at the eastern end of ATAC’s 100% owned Rackla Gold Project, Yukon. The Phase II drill program at the Orion Zone was successful in achieving its objective of confirming previous RAB drill results, identifying additional mineralization and acquiring important geological and structural information. The results from this program and previous drilling from the Anubis discovery (8.51 m of 19.85 g/t gold from AN-12-001) 300 m to the east are being modelled to guide future drilling in the area. A total of 1,540 m of shallow diamond drilling was completed in ten holes at the Orion Zone. Drilling targeted the hanging wall pyritic siltstone and footwall brecciated limestone stratigraphy of the Anubis Fault near hole AN-10-010 that intersected 61.29 m of 2.75 g/t gold. Diamond drilling returned elevated gold and associated pathfinder elements (arsenic, antimony, mercury and thallium) that are characteristically peripheral to Carlin-type mineralized systems. Geochemical, geological and drill results suggest multiple opportunities for additional discoveries at targets along and adjacent to the 8 km Anubis Fault. Additional potential for gold mineralization also exists at depth where a favourable clastic carbonate unit is thought to occur beneath the siltstone host of gold mineralization at Orion and Anubis. The Orion Carlin-type gold zone is one of nine gold targets within the Anubis Cluster and occurs at the intersection of the Anubis Fault and a series of later cross faults. The Anubis Fault is one of two northwesterly trending graben-bounding structures and is strongly anomalous over its length for Carlin pathfinder elements (arsenic, antimony, mercury and thallium). Near-surface gold mineralization at Orion occurs in both variably calcareous siltstone and shales that form the hanging wall of the Anubis Fault. Mineralization also occurs within breccias developed in a massive limestone unit in the footwall of the Anubis Fault. | |
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