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ATAC Resources Ltd.
Summary
| Project: | Rau | |
|---|---|---|
| Deposit: | Rau | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/14/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-11-2019: ATAC Resources Ltd. announces an Exploration/Drilling Update report for its Rau deposit at the Rau project. Drilling results incl. 9.40m @ 0.23g/t Au from 54.00m. VANCOUVER, Nov. 14, 2019 /CNW/ - ATAC Resources Ltd. (TSX-V: ATC) ("ATAC") is pl | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adam Coulter (Internal) | |
| ABSTRACT: | VANCOUVER, Nov. 14, 2019 /CNW/ - ATAC Resources Ltd. (TSX-V: ATC) ("ATAC") is pleased to announce the commencement of an updated resource and preliminary economic assessment ("PEA") for its high-grade Tiger Gold Deposit and provide an exploration update for its 660-sq.km Rau Project. ATAC completed eight reconnaissance diamond drill holes targeting geophysical anomalies and prospecting discoveries for intrusive-related precious and base metal potential. The 1 km2 target area is located at the east end of the Rackla Pluton, approximately 4 km east of the Tiger deposit, in a region with relatively low relief and nearly complete overburden cover. Results from holes RPP-19-001 to -003 from the Bobcat area (link to map) were released on September 9, 2019. High-grade prospecting grab samples from the area include 41.90 g/t gold with 10.55% copper, and 24.70 g/t gold with 2.05% copper. Drilling intersected narrow highgrade, gold-copper distal skarn vein mineralization. The surface samples and drill results are clustered along the eastern margin of a reverse magnetic high feature that may represent an area of more intense hydrothermal alteration at depth. Holes RPP-19-004, -005 and -007 were drilled to test strong conductivity anomalies adjacent to a pronounced reverse magnetic high. Tremolite veins encountered within the Kathy Fault in RPP-19- 007 returned 9.40 m of 0.23 g/t Au from 54.00 m. Deeper in the hole, pyrrhotite and pyrite replacement of a conglomerate in the immediate footwall of the Kathy Fault returned 6.10 m of 0.34 g/t Au from 99.97 m. The intensity of the magnetic anomaly is not explained by drill data and may relate to more highly-altered mineralization at depth. RPP-19-004 and -005 intersected numerous thin tremolite-sphalerite-galena veins in intensely marbleized rocks that are indicative of a relatively distal skarn environment. | |
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