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ATAC Resources discovers gold mineralisation at new Osiris Project

Published by
Global Mining Review,

ATAC Resources Ltd. announce results of the first four diamond drill holes from the Conrad Zone at the Rackla Gold Property, Canada.

All four holes were designed to test new areas of mineralisation and drilling along faults believed to contain high-grade gold mineralization on the western side of the Conrad Zone. All holes that intersected gold mineralization returned grades consistent with previous Conrad drilling.

Drilling intersects significant gold mineralisation in OS-17-232 in a previously untargeted area of the Conrad Zone; OS-17-233 intersects 67.06 m of 3.35 g/t gold including 15.14 m of 7.25 g/t gold within and adjacent to the 350 Fault zone; and, OS-17-234 intersects near-surface gold mineralization in the hinge area of the Conrad Upper Zone anticline.

“The identification of a new area of high-grade gold mineralization and the confirmation that the 350 Faults play an important role in the localization of high-grade Carlin-type gold mineralization at Conrad are key developments for future drill targeting,” states ATAC’s President and CEO, Graham Downs.

“With five drills turning across the entire Rackla Gold Property, we anticipate significant new information and a steady flow of news over the coming months that will further shape what we believe is one of the most exciting gold exploration projects in North America.”

The 350 and 650 Fault areas distinctly bracket a surficial zone of highly elevated arsenic-in-soil response on the western and eastern sides of the Conrad Zone, respectively. Drilling that occurred before 2017 did not adequately test these areas due to the sub-parallel orientation of the northerly trending faults relative to previous drilling.

2017 began the first phase of the Osiris project (that is located within the Conrad Zone) is targeted at the 350 Fault zone. Hole OS-17-232 discovered mineralisation near to the Fault zone, beneath the north-dipping Nadaleen Fault, giving a return of 12.19m of 5.97 g/t gold including a higher grade interval of 7.54m of 8.59 g/t gold. This intersection from OS-17-232 is hosted in the Conrad limestone unit and represents a previously unknown area of mineralisation.

Preliminary drilling of this 350 Fault zone suggests that it is made up of a series of faults, trending northerly with a width of 80m. these faults offset the stilstone-limestone contact area 100m to the north. Additional drilling of this fault zone is planned to further assess the possible role it plays in localizing gold mineralization at Conrad. Currently a total of 6 800 m of diamond drilling has been completed at the Osiris Project. Two drills continue to test the Conrad zone.

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