Mining News: Conrad’s faults yield more gold

ATAC Resources Ltd. Aug. 29 said it continues find new areas of high-grade gold within fault zones at the Conrad and Osiris zones of its Osiris project at the western end of the company’s vast Rackla Gold property in the Yukon. Hole OS-17-238, drilled within the newly recognized 650 Fault corridor at Conrad, cut 12.5 meters of 20.78 grams per metric ton gold near the top of the hole. Additional intervals of high-grade gold mineralization, including 10.41 meters of 7.15 g/t gold, where encountered deeper in this hole. "The newly identified gold mineralization intersected in hole OS-17-238 is an exciting development as it confirms our belief that the 650 Fault zone plays an important structural role in the mineralizing system at Conrad," said ATAC Vice President of Exploration Julia Lane. Hole OS-17-236, drilled across the northwest trending 650 Fault corridor, cut four zones of high-grade gold. The two best intercepts of hole 236 were 27.43 meters of 4.37 g/t gold and 42.67 meters of 3.78 g/t gold. ATAC said the four mineralized zones in this hole represent the interplay of the 650 Fault hosted mineralization with the strata controlled replacement-style Conrad Upper Zone mineralization.

–SHANE LASLEY