Mining News: Drills tap high-grade gold in 3 Osiris zones

ATAC Resources Ltd. Oct. 10 reported results of an additional ten holes drilled at its Osiris project at the eastern end of the Rackla Gold property in the Yukon. A step-out hole at the Sunrise zone at Osiris cut 10.42 meters of 7.97 grams per metric ton gold from a depth of 329.2 meters and 15.24 meters of 13.52 g/t gold from 344.4 meters. This represents the highest grade gold intercept so far at Sunrise and extends the zone to depth. One hole drilled at the Conrad zone, where the company has been testing high-grade gold associated with faults that are thought to be part of the hydrothermal plumbing system that introduced gold mineralization, cut 5.6 meters of 14.46 g/t gold within one such fault. Another hole drilled at the Osiris zone cut 12.19 meters of 9.6 g/t gold "These encouraging results from all three zones are the outcome of the team's dedication to science-based exploration. In particular, the team has combined advancements in 3D modeling with lithogeochemical interpretations to target higher grade fluid corridors resulting in high-grade gold intersections," Ed Cope, a technical advisor to ATAC. Results from an additional 11 holes drilled at the Osiris project this year are pending.

–SHANE LASLEY