The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
ATC: TSX-V
President: Robert Carne
Chief Executive Officer: Graham Downs
Chief Operating Officer: Ian Talbot
ATAC Resources Ltd., a member of the Strategic Exploration Group, followed up in 2013 several past seasons of exploration success on the Rackla Gold project located in the Mayo Mining District of east-central Yukon Territory.
The project encompasses more than 8,000 mineral claims and covers 1,700 square kilometers (about 656 square miles) in an east-west extending land package more than 185 kilometers (114 miles) long by about 15 kilometers (10 miles) wide.
Recent exploration on the property resulted in the delineation of the Tiger gold deposit, drilling of multiple high-grade Carlin-type gold zones and the identification of more than 40 early-stage gold targets.
The company's 2013 drilling and exploration programs began in mid-June.
Atac began diamond drilling began at the Isis East Zone and continued work in late June at the recently discovered Sunrise Zone.
The 2013 drilling program at Sunrise aimed to test gold mineralization along strike for the full length of a 300-meter soil geochemical anomaly.
Atac reported results Aug. 14 from the first seven diamond drill holes completed at Sunrise, including confirmation that the Sunrise and Osiris zones coalesce into a larger, near-surface gold zone.
Atac also tested the Anubis Zone with mechanized trenching and conducted a regional exploration program intended to advance nine existing targets to the drill stage and identify new gold targets.
Principal areas of exploration are within the 40-kilometer-long Nadaleen Trend at the eastern end of the property and within the 35-kilometer-long Rau Trend containing the Tiger Deposit at the western end.
Widely spaced transect geochemistry surveys and prospecting also was conducted between both trends to follow up on more than 20 geochemically anomalous drainages previously identified.
Atac spent more than C$6 million on exploration at Rackla Gold in 2013.
Atac joined Arcus Development Group Inc. in 2013 for a second season of exploration in their 50-50 Dawson Gold joint venture.
The JV, established in February 2012, is exploring a land package consisting of four claim blocks located in the Whitehorse and Dawson Mining Districts of west-central Yukon Territory, adjacent to or near the White Gold and Black Fox properties of Kinross Gold Corp. and the Coffee property of Kaminak Gold Corp. The C$100,000 work program in 2012 consisted of hand pit testing and expanded soil grids at Touleary and ridge crest soil sampling at Shamrock.
Atac said the 2013 work program would be very similar to the 2012 program in both scope and budget.
It was carried out in late August and took about 10 days to complete.
Cash and short-term deposits: C$20 million-plus (Sept. 10, 2013)
Working capital: C$24.17 million (June 30, 2013)
Market capitalization: C$98.4 million (Sept. 27, 2013)
Suite 1016 - 510 West Hastings Street
Vancouver, British Columbia
Canada V6B 1L8
Tel: 604-688-2568 Fax: 604-688-2578
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