Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
ATAC Resources (CVE:ATC) was up 9.38% to $2.80 after announcing drill results at its Rackla Gold project in the Yukon showing gold intersects of 42.93 m of 18.44 g/t.
Other highlights were the following:
Conrad Zone
Isis East Zone
The Conrad Zone has a Carlin-type gold mineralization.
“Characteristic Carlin-type hydrothermal alteration, consisting of decalcification and silicification accompanied by the arsenic sulphide mineral realgar, is focused along the contact of limestone with an overlying shaly siltstone cap unit in the crest of the anticline,” writes the company in its news release.
The Rackla Gold project is located in central Yukon, 55 km northeast of Keno City.
