Great article on ATAC Resources exploration of its Rackla property in the Yukon by our pal Lesley Stokes over at the Northern Miner.
“Atac is working towards calculating a maiden resource for Osiris, but is in no rush. The company expects to add to the database by drilling another 15,000 metres this year, expanding upon the high-grade zones.
“We don’t want to prematurely do a resource. We want to build up what we have and not leave any ounces out. There are still a lot of new areas left to drill,” he says.
“Ideally you want to be in the 7 to 10 million oz. gold range — you need a bunch of ounces up here to make it work — and that’s going to take some time. It’s a huge district, and most people, including smart money, understand that.”
Atac has already defined 485,700 oz. gold in 5.7 million measured and indicated tonnes of 2.7 grams gold at its Tiger deposit — a higher temperature, carbonate-hosted deposit located 100 km east of Osiris on the property’s Rau project.”
Go read the whole thing at The Northern Miner here.