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ATAC Resources Ltd. (TSXV:ATC) announced plans for a Phase I exploration and drilling program at its Yukon-based Rackla gold project. The program will be fully funded, and the company has about $16 million in its treasury overall.
ATAC Resources Ltd. (TSXV:ATC) announced plans for a Phase I exploration and drilling program at its Yukon-based Rackla gold project. The program will be fully funded, and the company has about $16 million in its treasury overall.
As quoted in the press release:
The proposed 2016 exploration program at the Rackla Gold Project will consist of Rotary Air Blast (“RAB”) drilling at the newly discovered Orion target and systematic follow up of the new 10 km2 Airstrip gold anomaly and nearby high priority Rau Trend gold targets identified in 2015. Preparation for permitting a tote road to the Rau Trend and optimization studies on the Tiger Gold Deposit are underway.
The objectives of the program are as follows:
- RAB drilling will follow up on the 2015 discovery hole at the Orion target which returned 3.79 g/t gold over 47.24 m. This hole bottomed in gold mineralization with the last interval grading 2.56 g/t gold over 1.52 m;
- Permitting of a 69 km tote road to the Rau Trend and Tiger Gold Deposit will commence in spring 2016;
- Soil sample coverage around the open-ended, 10 km2 Airstrip gold anomaly will be significantly expanded and all high priority gold anomalies will receive detailed prospecting, trenching and mapping; and,
- Results and time permitting, RAB drilling will be carried out at the Airstrip anomaly.
Click here to read the full ATAC Resources Ltd. (TSXV:ATC) press release.