The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Impressed with initial prospecting, company mobilizes drill North of 60 Mining News – September 2, 2022
ATAC Resources Vice President of Exploration Adam Coulter with a copper-rich rock sample collected from the company's Catch copper-gold porphyry property in the Yukon.
Click on image for larger map.
ATAC Resources Ltd. Aug. 31 reported that it is impressed with the results from its initial phase of 2022 exploration at the Catch property in the Yukon and is mobilizing a reverse circulation drill to begin testing this property it optioned from Yukon-based geologist Ryan Burke earlier this year.
"We've already defined multiple drill-ready targets, with numerous soil anomalies yet to be followed-up," said ATAC Resources President and CEO Graham Downs.
Located in an underexplored part of southcentral Yukon about 56 kilometers (35 miles) southeast of Carmacks, the 15.7-square-kilometer (3,880 acres) Catch property is a previously undrilled discovery property prospective for significant copper-gold porphyry mineralization.
ATAC's initial phase of exploration at Catch consisted of prospecting, mapping, soil sampling and geophysical surveys. This includes the collection of 50 rock samples and 359 soil samples; and the completion of 10.1 line-kilometers of induced polarization and 49.3 line-kilometers of ground magnetic geophysical surveys.
Broad-spaced soil sampling carried out this summer extended a primary copper-in-soil anomaly at Catch by 1,500 meters to the north – this anomaly is now 5,000 by 500 meters. Additional areas of anomalous copper-in-soil were identified outside the main target area and provide compelling targets for a second phase of prospecting.
ATAC says rock sampling has also extended areas of known mineralization at surface. Rock samples collected from Catch this year returned values of 1.36% copper and 0.13 grams per metric ton gold; 1.01% copper and 1.03 g/t gold; and 1.57% copper.
Apart from the follow-up sampling at Trench 9 (1.36% copper and 0.13 g/t gold), all of these samples are from new mineral occurrences within the main target area, significantly extending known mineralization at surface. The primary anomaly area remains underexplored and numerous additional targets will be evaluated in Phase 2 work.
One rock sample collected from a separate copper-in-soil anomaly located 1,500 meters to the south returned 1.09% copper from outcrop in an area that also remains underexplored. This area and additional soil anomalies located further south and east will be evaluated in Phase 2 and future work.
The IP survey returned an open-ended coincident chargeability and resistivity high anomaly that measures 1,000 meters long, 600 meters wide, and 400 meters deep, which is coincident with the primary zone of copper-gold mineralization. This chargeability anomaly lies within a moderate magnetic high and is immediately adjacent to a 1,500- by 1,200-meter circular magnetic high.
Based on the highly encouraging results from this initial phase of exploration, crews have recently returned to the Catch property to initiate a phase-two program that includes prospecting, mapping, sampling, and a maiden RC drill program.
"This has all the hallmarks of a significant new grassroots copper-gold discovery, and we look forward to drilling the first ever holes on this property in the coming days," said Downs.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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