ATAC Resources Ltd. Intersects 61.29 m of 2.75 g/t Gold at Orion -- Rackla Gold Project, Yukon
VANCOUVER, BC--(September 12, 2016) - ATAC Resources Ltd. (TSX VENTURE: ATC) ("ATAC") announces results for the first three completed diamond drill holes of the planned ten hole program at its Orion Zone, located within the Nadaleen Trend at the eastern end of ATAC's 100% owned Rackla Gold Project, Yukon Territory.
Diamond drill hole AN-16-010 intersected 61.29 m of 2.75 g/t gold and successfully twinned and extended the 2015 Rotary Air Blast ("RAB") Orion discovery hole (ARB-15-026) which intersected 47.24 m of 3.79 g/t; and,
Step-out holes AN-16-011 and -012 returned 14.89 m of 1.01 g/t gold and 5.85 m of 1.09 g/t gold respectively, and confirmed additional gold mineralization along strike and within the regional-scale gold bearing Anubis Fault corridor.
Orion Zone Diamond Drilling
Exploration at the Orion Zone in 2016 began with a Phase I RAB drill program to better delineate gold mineralization surrounding the 2015 Orion discovery RAB hole in preparation for diamond drilling. The ongoing Phase II diamond drill program has confirmed gold mineralization proximal to the Anubis Fault through improved sample recovery over the Phase I RAB drill program.
Holes AN-16-010, 011 and 012 are the first diamond drill holes completed at the Orion Zone, which is one of nine gold exploration targets within the 18 km² Anubis Cluster. Gold mineralization within these holes is developed adjacent to the Anubis Fault, one of two regional northwesterly trending graben-bounding structures that delineate the Anubis Fault corridor. Locally, gold mineralization occurs within strong hydrothermally altered pyritic siltstones in the fault hanging wall and a highly fractured and intermittently oxidized reefal limestone unit in the footwall.