ATAC Resources Ltd. Aug. 17 reported long sections of significant gold from the first 2017 holes drilled at Conrad, one of the zones of Carlin-type mineralization identified at its Osiris project at the Rackla Gold property, Yukon.

The company said these first four holes target new areas of mineralization and crosscutting faults believed to be associated with high-grade gold mineralization in the vicinity of the 350 Faults on the western side of the Conrad zone.

All holes that intersected gold mineralization returned grades consistent with previous Conrad drilling.

Highlights from this drilling include 12.19 meters of 5.97 grams per metric ton gold in hole OS-17-232; and 67.06 meters of 3.35 g/t gold in hole OS-17-233, including 15.14 meters of 7.25 g/t gold within and adjacent to the 350 Fault zone.

"The identification of a new area of high-grade gold mineralization and the confirmation that the 350 faults play an important role in the localization of high-grade Carlin-type gold mineralization at Conrad are key developments for future drill targeting," said ATAC President and CEO Graham Downs.

Carlin-type gold mineralization at Conrad has been traced for approximately 800 meters along strike and to a depth of about 800 meters.

More than 6,800 meters of drilling has been completed this year at Osiris.

Two drills continue to test the Conrad, Osiris and Sunrise zones.

Meanwhile, Barrick Gold Corp. is exploring the Orion project, a 780-square-kilometer (301 square miles) section of the Rackla Gold property immediately west of Osiris that hosts the Orion, Anubis, and eight other early stage Carlin-type gold prospects; and Atac is testing Rau, at the western end of the Rackla property.

"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," said Downs.

-SHANE LASLEY