ATAC Announces 1,685,000 Ounces of Gold at its Osiris Project

ATAC Resources Ltd. (TSXV:ATC) announced a maiden mineral
resource estimate for its Osiris project at the Rackla gold
property, Yukon.

Highlights are as follows:

  • Inferred mineral resource of 1,685,000 ounces gold at an
    average grade of 4.23 grams per tonne, including
    a pit-constrained mineral resource containing 1,055,000 ounces
    of gold at 4.08 grams per tonne;
  • Globally competitive discovery cost of C$32 per ounce of
    gold; and,
  • All zones outcrop at surface and remain open in multiple
    directions; a 10,000 metre drill program is currently underway
    to increase the Osiris resources.

Graham Downs, president & CEO, commented:

Defining a maiden resource with over
one million pit-constrained ounces is a major development for the
company and highlights the emerging high-grade open-pit potential.
With only 78,614 metres used to define the resource we achieved an
excellent discovery rate of over 21 ounces of gold for every metre
drilled.

Expansion drilling is in full-swing
with two drills focused on step-out drilling at the eastern end of
the Conrad zone. A total of five drills are now operating between
Barrick’s Orion project earn-in and ATAC’s Osiris project,
representing our largest drill campaign since 2012.

This article provided by NewsEdge.