Foran upsizes placement to $263m for Saskatchewan projects
The proceeds will primarily go to the McIlvenna Bay copper and Bigstone copper-zinc projects.
Vancouver-based ATAC Resources has laid out the first phase of its 2019 exploration program at the Rau project. Rau is located at the western end of the company’s Rackla property 55 km northeast of Keno City.
Exploration will follow-up on high grade gold, copper and silver results from last year with ground geophysical surveys, prospecting, mapping, soil sampling, and drilling at priority targets.
“The Rau project is an emerging 20 km long polymetallic district hosting numerous early stage precious and base metal targets, anchored by the demonstrated economics of our Tiger deposit,” commented ATAC president and CEO Graham Downs.
“While the majority of exploration to date has focused on Tiger and similar carbonate replacement gold targets, the recent re-evaluation of project data highlights the significant exploration potential for new discoveries of intrusive related mineralization. The strength of prospecting results at two skarn targets, including 6.07 g/t gold with 7.41% copper at Bobcat, and 7,080 g/t silver and 3.27 g/t gold at Spotlight, provides compelling evidence for this interpretation,” he added.
This article first appeared in The Canadian Mining Journal.
