Thursday 17th August 2017

Resource Clips


Posts tagged ‘ATAC Resources Ltd (ATC)’

Infographic: The Yukon, where mineral potential is coming of age

August 8th, 2017

by Jeff Desjardins | posted with permission of Visual Capitalist | August 8, 2017

In a remote corner of Canada’s north lies the Yukon—a territory that is renowned for both its legendary mineral potential and its storied mining history.

But while the Yukon only produced 2.2% of Canada’s gold in 2016, the territory’s considerable potential may finally be getting realized in a big way. In the last few years globally significant discoveries have been made and now mining giants such as Barrick Gold TSX:ABX, Goldcorp TSX:G and Agnico Eagle TSX:AEM are making their moves into the Yukon to get in on the action.

A coming of age story

This infographic comes from Strikepoint Gold TSXV:SKP and it showcases some of the reasons why the most important chapter in the Yukon’s mining story may just be beginning.

The Yukon: Where mineral potential is coming of age

 

Although the Yukon has been known for a long time to possess incredible mineral potential, it is only in the last few years that signs have been pointing towards this being realized in the form of globally significant discoveries, investment from major players and mines being built.

A new era in the Yukon

For gold to be produced, it must first be discovered. The Yukon has been home to some of Canada’s most exciting discoveries in the last 10 years. The new project pipeline contains impressive deposits but, even more importantly, it contains some impressive names.

White Gold

Famously found by prospector Shawn Ryan and Underworld Resources in 2008, the White Gold discovery triggered much of the modern interest in the Yukon. Kinross Gold TSX:K purchased Underworld Resources for $139.2 million at the height of the gold market. More recently, major Agnico Eagle has bought into the district for $14.52 million.

Coffee project

Discovered in 2010, this project is just kilometres away from the White Gold project. It too is based on Shawn Ryan’s claims. Most recently, Goldcorp bought the project for $520 million through its acquisition of Kaminak Gold.

Casino project

Currently under environmental review, this massive porphyry deposit owned by Western Copper and Gold TSX:WRN could be the largest mine in Yukon history, if constructed. Right now the deposit has reserves of 4.5 billion pounds of copper and 8.9 million ounces of gold.

Rackla

The only Carlin-style district in Canada, this project is being advanced by ATAC Resources TSXV:ATC. Recently ATAC generated headlines with an investment from Barrick, which put in $8.3 million while also committing up to a further $55 million to earn 70% of the property’s Orion project.

Eagle Gold

Eagle Gold is on track to become the Yukon’s largest gold-only mine in history. Victoria Gold TSXV:VIT, the project’s owner, expects its first gold pour in 2019. Currently the property’s Eagle and Olive deposits have 2.66 million ounces of gold in reserves.

Major arrivals

In the last year or so some of the world’s most prolific gold miners such as Barrick, Goldcorp and Agnico Eagle have set up shop in the Yukon—and it could be a sign that the territory is close to reaching its ultimate potential as a top-tier mining destination.

Here are some of the other reasons that miners and investors are looking northwards:

1. Government support

The Yukon government is well known for supporting prospectors and miners developing projects. Current programs include the Yukon Mineral Exploration Program, which provides a portion of risk capital to help explorers locate and grow deposits, as well as the Fuel Tax Exemption, which makes miners and other off-road industries exempt from fuel taxes.

2. A rich mining history

From the placer mining of the famous Klondike gold rush to the mining today in the Yukon, the territory has always welcomed mining. In fact, mining is still the most important private industry today in the Yukon by GDP share (19%).

3. First Nations approach

First Nations and the Yukon government have recently championed a new “government-to-government” relationship to ensure that industry, the territorial government and First Nations are on the same page for mineral projects.

4. Momentum

From Shawn Ryan’s discoveries to the arrival of majors in the region, it has been an eventful decade for Yukon miners. Many expect the best is yet to come.

Posted with permission of Visual Capitalist.

ATAC reports Yukon Gold Assays including 4.41 g/t over 44.2m

December 13th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningATAC Resources Ltd TSXV:ATC announced assay results from the Rackla Gold Project in central Yukon. Highlights include

2.77 g/t gold over 19.8 metres
4.92 g/t over 4.8 metres
2.35 g/t over 22.3 metres
3.28 g/t over 14.7 metres
4.22 g/t over 15.2 metres
1.59 g/t over 15.2 metres
5.07 g/t over 19.8 metres
4.41 g/t over 44.2 metres
3.74 g/t over 9.2 metres
8.37 g/t over 7.6 metres
3.96 g/t over 9.1 metres
2.67 g/t over 21.5 metres
4.43 g/t over 18.3 metres (including 11.15 g/t over 6.3 metres)
3.33 g/t over 38.1 metres
3.13 g/t over 51.8 metres (including 12.51 g/t over 10.8 metres)

CEO Graham Downs comments, “We are extremely pleased with the progress at the Nadaleen Trend over the 2011 field season. The Conrad Zone has demonstrated high gold grades with good continuity over a 400-metre strike length and remains open to expansion at both ends and at depth. The Osiris Shear system has been explored with wide spaced drilling over a 550-metre length and it too remains open along strike and down dip. Stratabound gold mineralization in the Osiris carbonate outside the Osiris Shear structure has only been tested over less than 50% of the surface gold-in-soil geochemical anomaly. Finally, the new discovery at Isis East has been intersected by two very significant holes, leaving the bulk of the 900-metre long gold-in soil geochemical anomaly to be tested in 2012.”

View Company Profile

Contact:
Vanessa Pickering
Manager, Corporate Communications
604.687.2522 x 60

by Ted Niles

ATAC reports Yukon Gold Results as high as 7.33 g/t over 41.2m

November 23rd, 2011

Resource Clips - essential news on junior gold mining and junior silver miningATAC Resources Ltd TSXV:ATC announced assays from the Conrad Zone of its Rackla Gold Project in central Yukon. Results include

7.33 g/t gold over 41.2 metres
(including 16.23 g/t over 13.7 metres)
4.32 g/t over 59.4 metres
(including 8.75 g/t over 19.5 metres)
6.65 g/t over 23.2 metres
7.51 g/t over 15.2 metres
(including 12.77 g/t over 6.1 metres)
5.55 g/t over 15.2 metres
(including 10.48 g/t over 6.1 metres)
2.67 g/t over 33.1 metres
(including 3.61 g/t over 20 metres)

ATAC’s Rackla Gold Belt comprises 1,600 square kilometres. The project’s Tiger Deposit has an October 2011 resource estimate of 7.1 million tonnes grading 2.21 g/t for 508,000 ounces gold indicated and 8.2 million tonnes grading 1.09 g/t for 290,200 ounces gold inferred.

View Company Profile

Contact:
Vanessa Pickering
Manager of Corporate Communications
604.687.2522 x 60

by Greg Klein

ATAC Manager Vanessa Pickering on Yukon gold assays including 6.08 g/t over 26.1m

November 3rd, 2011

Resource Clips - essential news on junior gold mining and junior silver miningATAC Resources Ltd TSXV:ATC announced results from its Rackla Gold Project in central Yukon. Highlights include

6.08 g/t gold over 26.1 metres
3.09 g/t over 31 metres
(including 4.09 g/t over 20.6 metres)
4.14 g/t over 22 metres
(including 7.18 g/t over 10.7 metres)
3.49 g/t over 18.5 metres
(including 7.64 g/t over 6.3 metres)
2.77 g/t over 22.9 metres
(including 3.78 over 9.2 metres)
3.4 g/t over 15.2 metres

Manager of Corporate Communications Vanessa Pickering tells ResourceClips.com, “The Rackla Gold Belt is 1,600 square kilometres, one of the largest contiguous land packages in the Yukon, if not the largest. It includes the Rau Trend with the Tiger Zone deposit and the Nadaleen Trend, which contains the Osiris area with its Carlin-type mineralization.

We’re not chasing a small deposit. It would have to be five-million-plus ounces out on the east end of the property to justify building roads—Vanessa Pickering

“I think today’s results are in line with what we expected, and we’re pleased to see how it’s holding together. We’re quite happy with what we’ve done this year. We expect to do about the same next year.

“We have about 50 holes left to report, and that’s from both sides of the property, the Nadaleen Trend and the Rau Trend. We’ve just done a resource for the west side of the property, and we’d like to know more about the east side, which is where today’s results came from.”

Released October 20, the project’s Tiger Deposit has a resource estimate of 7.1 million tonnes grading 2.21 g/t for 508,000 ounces gold indicated and 8.2 million tonnes grading 1.09 g/t for 290,200 ounces gold inferred.

“A lot of that is high-grade oxide gold, near-surface gold,” Pickering says.

“The Rau Trend, which is the area we worked on from about 2006 to 2010 and a bit this year, is not Carlin-type mineralization. It’s kind of Nevada-esque, we would say, but not Carlin. But it’s completely different from what’s at the east end, 100 kilometres at the Nadaleen Trend, which is the Carlin-type mineralization that we’re chasing. It’s Canada’s only Carlin-type mineralization.

“We’ve also found silver-lead-zinc at the Ocelot Discovery in the Rau Trend,” she adds. “Of course, we’re in the Keno Hill silver-mining district.

“At the west side of the property we’re about 48 or 50 clicks from the government-maintained highway that goes through the Keno Hill Mining District. Infrastructure is a big consideration in what we do. The new discovery, the Carlin-type trend, is about 100 kilometres away from the other area. So that 48-kilometre proposed access route would grow exponentially. For that reason, we’re not chasing a small deposit. It would have to be five-million-plus ounces out on the east end of the property to justify building roads. Right now, we are fixed-wing; we have three airstrips on the property, one at the Rau Trend, one sort of in the middle and one at the Nadaleen Trend. Two of those airstrips were commissioned just this year. So that’s going to take the weight off of being entirely helicopter-supported. This has to have enough ounces to justify building infrastructure out there.

“ATAC is purely an exploration company,” she points out. “That’s what we’re good at—making discoveries, making grassroots discoveries using the technical knowledge of our team. We don’t go into production, it’s not our business focus.”

Looking ahead to next year, Pickering says, “We probably won’t resume drilling until May, when the snow goes. The guys shut down just last week, so the drilling season goes until mid-October or the end of October. This year we’re building a new camp out at the east end, the Carlin trend. We had our guys out there in March to start building. So all they have to do now is go in and flick on the lights. The drills are there now, waiting for them. As soon as the snow goes, they can start drilling.”

View Company Profile

Contact:
Vanessa Pickering
Manager of Corporate Communications
604.687.2522 x 60

by Greg Klein

ATAC reports Yukon Assays up to 6.08 g/t Gold over 26.1m

November 2nd, 2011

Resource Clips - essential news on junior gold mining and junior silver miningATAC Resources Ltd TSXV:ATC announced results from its Rackla Gold Project in central Yukon. Highlights include

6.08 g/t gold over 26.1 metres
3.09 g/t over 31 metres
(including 4.09 g/t over 20.6 metres)
4.14 g/t over 22 metres
(including 7.18 g/t over 10.7 metres)
3.49 g/t over 18.5 metres
(including 7.64 g/t over 6.3 metres)
2.77 g/t over 22.9 metres
(including 3.78 over 9.2 metres)
3.4 g/t over 15.2 metres

Manager of Corporate Communications Vanessa Pickering tells ResourceClips.com, “The Rackla Gold Belt is 1,600 square kilometres, one of the largest contiguous land packages in the Yukon, if not the largest. It includes the Rau Trend with the Tiger Zone deposit and the Nadaleen Trend, which contains the Osiris area with its Carlin-type mineralization.

We’re not chasing a small deposit. It would have to be five-million-plus ounces out on the east end of the property to justify building roads—Vanessa Pickering

“I think today’s results are in line with what we expected, and we’re pleased to see how it’s holding together. We’re quite happy with what we’ve done this year. We expect to do about the same next year.

“We have about 50 holes left to report, and that’s from both sides of the property, the Nadaleen Trend and the Rau Trend. We’ve just done a resource for the west side of the property, and we’d like to know more about the east side, which is where today’s results came from.”

Released October 20, the project’s Tiger Deposit has a resource estimate of 7.1 million tonnes grading 2.21 g/t for 508,000 ounces gold indicated and 8.2 million tonnes grading 1.09 g/t for 290,200 ounces gold inferred.

“A lot of that is high-grade oxide gold, near-surface gold,” Pickering says.

“The Rau Trend, which is the area we worked on from about 2006 to 2010 and a bit this year, is not Carlin-type mineralization. It’s kind of Nevada-esque, we would say, but not Carlin. But it’s completely different from what’s at the east end, 100 kilometres at the Nadaleen Trend, which is the Carlin-type mineralization that we’re chasing. It’s Canada’s only Carlin-type mineralization.

“We’ve also found silver-lead-zinc at the Ocelot Discovery in the Rau Trend,” she adds. “Of course, we’re in the Keno Hill silver-mining district.

“At the west side of the property we’re about 48 or 50 clicks from the government-maintained highway that goes through the Keno Hill Mining District. Infrastructure is a big consideration in what we do. The new discovery, the Carlin-type trend, is about 100 kilometres away from the other area. So that 48-kilometre proposed access route would grow exponentially. For that reason, we’re not chasing a small deposit. It would have to be five-million-plus ounces out on the east end of the property to justify building roads. Right now, we are fixed-wing; we have three airstrips on the property, one at the Rau Trend, one sort of in the middle and one at the Nadaleen Trend. Two of those airstrips were commissioned just this year. So that’s going to take the weight off of being entirely helicopter-supported. This has to have enough ounces to justify building infrastructure out there.

“ATAC is purely an exploration company,” she points out. “That’s what we’re good at—making discoveries, making grassroots discoveries using the technical knowledge of our team. We don’t go into production, it’s not our business focus.”

Looking ahead to next year, Pickering says, “We probably won’t resume drilling until May, when the snow goes. The guys shut down just last week, so the drilling season goes until mid-October or the end of October. This year we’re building a new camp out at the east end, the Carlin trend. We had our guys out there in March to start building. So all they have to do now is go in and flick on the lights. The drills are there now, waiting for them. As soon as the snow goes, they can start drilling.”

View Company Profile

Contact:
Vanessa Pickering
Manager of Corporate Communications
604.687.2522 x 60

by Greg Klein

ATAC reports Yukon Gold Assays including 16.54 g/t over 12.2m

October 3rd, 2011

Resource Clips - essential news on junior gold mining and junior silver miningATAC Resources Ltd TSXV:ATC announced results from the Conrad zone of its Rackla gold project in Yukon. Assays include

10.54 g/t gold over 12.2 metres
2.84 g/t over 87.8 metres
2.86 g/t over 25.2 metres
3.05 g/t over 73.2 metres
4.31 g/t over 38.4 metres
8.06 g/t over 21.3 metres
5.19 g/t over 6.1 metres
2.11 g/t over 50.3 metres
5.51 g/t over 23 metres
6.92 g/t over 15.2 metres
3.73 g/t over 18.3 metres
5.9 g/t over 11.6 metres
9.83 g/t over 9.8 metres

CEO Graham Downs stated, “We are very pleased with the progress at the Conrad Zone. The coalescing of the Conrad Zone and Eaton Zone coupled with the one kilometre vertical extent of gold mineralization identified to date indicates a large mineralizing system in this area of the Nadaleen Trend.”

View Company Profile

Contact:
Vanessa Pickering
Corporate Communications
604.687.2522 x 60

by Ted Niles