Canadian Mining Journal

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EXPLORATION: Multi-million-dollar exploration plans



The Raul trend looking north at the Rackla gold project. (Image: ATAC Resources)

Several Canadian companies have recently announced their 2017 exploration plans, and many of the plans have multi-million-dollar budgets. Here are two of them:

Vancouver’s ATAC Resources is accelerating its program at the Rackla gold project 55 km northeast of Keno City, YT. This is the only Carlin style gold property to have been discovered in Canada. The $10-million program will include 15,000 metres of diamond and rotary air blast drilling. The focus of the program is expansion of the high grade mineralization at existing zones within the Nadaleen and Rau trends. The recently discovered Tiger East anomaly will also be cored. (www.AtacResources.com)

Denison Mines Corp. of Toronto has budgeted $9.4 million for exploration and evaluation of its share of the Wheeler River uranium project in the eastern portion of the Athabasca Basin in Saskatchewan. The balance of the $12.5-million budget will come from partners JCU (Canada) Exploration and Cameco Corp. The 2017 work program began earlier this month and includes about 46,000 metres of infill and exploration drilling at the Gryphon deposit. Denison’s total 2017 exploration budget if $14.5 million. (www.DenisonMines.com)