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ATAC Resources Ltd.
Summary
| Project: | Rau | |
|---|---|---|
| Deposit: | Rau | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-10-2017: ATAC Resources Ltd. announces an Exploration/Drilling Update report for its Rau deposit at the Rau project. Drilling results incl. 51.82m @ 5.66g/t Au from 30.48m. October 23, 2017 – ATAC Resources Ltd. (TSX-V:ATC) is pleased to announce the r | |
| Resources: | (Resource, M+I): 5.68Mt @ 2.66g/t Au, 3.56g/t Ag at Tiger Deposit | |
| CP/QP: | [Overall Report]: Matthew R. Dumala (Archer, Cathro & Associates (1981) Ltd.) | |
| ABSTRACT: | October 23, 2017 – ATAC Resources Ltd. (TSX-V:ATC) is pleased to announce the results of 12 diamond drill holes from the Tiger Gold Deposit and Tiger East Anomaly, within ATAC’s 100% owned Rau Project at the Rackla Gold Property, Yukon. The Rau Project is located at the west end of the Rackla Gold Property and is wholly outside of the area currently under option to Barrick Gold Corporation. The 2017 drilling program at the Tiger Gold Deposit focused on testing for additional high-grade gold mineralization in order to expand known sulphide and oxide resources within and adjacent to the proposed open pit as defined in the 2016 Preliminary Economic Assessment (PEA). “These high-grade results confirm both the continuity of gold mineralization and the potential to increase the value at the Tiger Gold Deposit. These results reinforce ATAC’s commitment to advance Tiger through feasibility and permitting,” states ATAC’s President and CEO, Graham Downs. “The 2017 drilling was designed to build upon positive results from the Company’s updated 2016 PEA which demonstrated that sulphide gold mineralization, previously classified as waste in the 2014 PEA, could be processed to increase the deposit’s recoverable ounces of gold.” | |
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