As I write the share price of ATAC Resources (V.ATC) is up $0.06 to $0.64 on results from four holes drilled at the company’s Osiris Project at the Rackla Gold Property, Yukon.
Highlight is 67.06 m of 3.35 g/t gold including 15.14 m of 7.25 g/t gold. The grade is good but it is the interval which seems to intrigue the market. That and the prospect of a steady stream of news. Graham Downs, ATAC’s President and CEO states “With five drills turning across the entire Rackla Gold Property, we anticipate significant new information and a steady flow of news over the coming months that will further shape what we believe is one of the most exciting gold exploration projects in North America.”
We’re heading into results season with many companies ready to release results but there are very few companies with as much prospective ground under the drill this year. If ATAC can keep these sorts of results coming it will pull away from the pack. When I visited the property one of the main things both CEO Downs and VP Exploration Julia Lane emphasized was that they were committed to getting the drill cores off the mountain and into the lab as quickly as possible. Which will mean a steady news flow right through the Fall.
Definitely a company to watch.