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ATAC Summarizes Barrick's Successful 2017 Exploration Program on the Orion Project
ATAC Summarizes Barrick's Successful 2017 Exploration Program on the Orion Project ...
About this update from Aterra Metals Inc.
[{"type":"text","content":"\n\n\n\nATAC Summarizes Barrick's Successful 2017 Exploration Program on the Orion Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Jan. 17, 2018\n\n\n\nVANCOUVER, Jan. 17, 2018 /CNW/ - ATAC Resources Ltd. (TSX-V:ATC) (\"ATAC\") is pleased to announce a summary of the comprehensive 2017 exploration program on the Orion Project, located within the Rackla Gold Property, Yukon. The Orion Project comprises the central portion of ATAC's Rackla Gold Property and is subject to a $55 million earn-in agreement with Barrick Gold Corporation (\"Barrick\") (see ATAC news release dated April 10, 2017).\n\n\n \n \n\n \nAs part of the earn-in requirements, Barrick must spend $10 million on exploration at the Orion Project by December 31, 2019.  Expenditures by Barrick in 2017 were ~$4 million.\n\nThe primary objective of Barrick's first exploration program was to systematically establish a surface and sub-surface geologic and structural framework for identifying favourable rocks. The following work was completed on the Orion Project in 2017 to support this objective: \n\n\nDetailed mapping, prospecting and trenching;\nExtensive rock, soil and stream sediment sampling;\nDiamond and rotary air blast \"RAB\" drilling; and,\nGround based gravity survey and Lidar terrain mapping.\n\n\"Barrick's systematic and geoscience driven 2017 exploration program at the Orion Project was very successful in quickly establishing a better geological understanding of the large land package of Orion,\" states Ed Cope, ATAC's Technical Advisor. \"The presence of robust Carlin-type alteration identified in diamond drill holes well away from any surface geochemical anomalies demonstrates that favourable environments for the development of gold mineralization are more extensive than previously understood. 2018 will be an exciting year as Barrick focuses on targeting gold mineralization.\"   \n\nMapping and Prospecting\n\nA substantial component of the 2017 exploration program was the initiation of both regional-scale and target delineation geological mapp...