Drilling the Orion discovery hole in 2015. (Image: ATAC Resources)
YUKON – The 2018 exploration program at the Rackla gold property in the east-central part of the territory will cost about $13 million. ATAC will cover $6 million of the cost, and Barrick, who is earning a 70% interest in one of the projects, will provide $7 million.
Work will include 20,000 metres of diamond drilling to begin in May. The focus will be on expanding high grade mineralization at existing zones within the Osiris and Orion projects plus advancing last year’s discoveries at the Rau project. Rotary air blast (RAB) drilling will be used to explore untested gold and pathfinder soil geochemical anomalies.
The Rackla gold property is comprised of three projects: the 100% owned Carlin-type Osiris project, which hosts the Conrad, Osiris, Sunrise and Ibis gold zones; the 100% owned Rau project, which hosts the Tiger gold deposit; and the Orion project, under option to Barrick.
Updated maps and figures can be viewed on ATAC’s website, www.ATACResources.com.