ATAC Resources gets a 9.38% lift after announcing 42.93 m intersects showing 18.44 g/t gold

Michael Allan McCrae | August 22, 2012 | 5:24 am Precious Metals Canada Gold Silver 
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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

  • 42.93 m grading 18.44 g/t gold in hole OS-12-114 (most significant gold intersection to date)
  • 56.93 m grading 4.68 g/t gold in hole OS-12-116
  • 25.44 m grading 4.45 g/t gold in hole OS-12-105

Isis East Zone

  • 27.43 m grading 6.28 g/t gold in hole OS-12-120

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.

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