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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: E. Charters8/12/2009 12:53:24 PM
   of 78419
 
This looks interesting. Very lefte coaste, but interesting. I just add it in here on the "you never know" basis.

atacresources.com

This is another one which is generated from source rocks of the old placer areas. Tintina trench.

They don't say if it is free gold or not. This is very important for economics. They do say they have drilled oxide mineralization. This does seem to indicate free gold, but some stuff up there is not, so I would like to see them do some metallurgy.

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Atac Resources Ltd. intersects 15.64 G/T gold over 16.76 metres and plans to add a third drill to its Rau gold property.

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August 11, 2009 - ATAC Resources Ltd. ATC/TSXV is pleased to announce assay results from fifteen additional diamond drill holes at its wholly owned Rau property in the Keno Hill District of central Yukon. Highlights include:

    * Rau-09-23 - 16.76 m averaging 15.64 g/t gold
    * Rau-09-27 - 54.60 m averaging 3.16 g/t gold
    * Rau-09-31 - 65.51 m averaging 2.13 g/t gold
    * Rau-09-34 - 39.73 m averaging 3.74 g/t gold

These very encouraging assays demonstrate good continuity in a near-surface zone of oxide mineralization around ATAC's first 2009 drill hole (Rau-09-19), which averaged 24.07 g/t gold over 28.04 m.

Table 1 lists all significant intervals in the newly reported holes, while pertinent maps and cross- sections can be viewed at atacresources.com. It is important to note that a number of the reported holes were designed to provide geological data essential to understanding the geometry of the mineralized zone, and they did not directly target the prospective host unit. An additional sixteen holes have been completed and assays are pending. All of these holes contain substantial intervals of oxide and/or sulphide mineralization. Based on continued drill success, ATAC has decided to add a third drill to the program.

The Rau gold discovery is contained within a 22 km long anomalous trend that has been traced west-northwesterly from a high level, Late Cretaceous granitic stock. The geochemically and geophysically anomalous trend coincides with a 100 to 500 metre wide structural corridor that contains faulted and folded Paleozoic carbonate sedimentary rocks. Comprehensive surveys involving mapping, prospecting and closely spaced soil sampling are underway to identify additional zones of mineralization along the main structural corridor and in other prospective settings elsewhere on the 500 sq km property.

Gold mineralization in the area of the current drill program occurs as blanket-like replacements of a shallow water limestone unit that lies beneath a mafic volcanic bed within the structural corridor, where the rocks have been locally deformed into an anticlinal fold. Mineralization appears to be bounded by a steeply dipping fault along the southwestern side of the structural corridor. The timing, sense of motion and magnitude of displacement on this faulting has not been determined.

Drilling in 2008 outlined an area of sulphide mineralization comprising pyrite and lesser arsenopyrite as heavy disseminations within dolomitized limestone. Drilling in 2009 is focusing on oxide style mineralization that lies mostly uphill to the northwest, where complete oxidation of sulphide minerals has occurred. Oxide mineralization has been outlined by drilling over a 550 m strike length, with approximately true thicknesses typically ranging between 15 and 50 m. The zone of gold mineralization is open along strike in both northwest and southeast directions and to lateral extension to the northeast. Some holes have intersected mineralized siderite veins in the footwall of the zone.

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