(Kitco News) – Geologists no longer dispute that the Yukon Territory in Canada’s northwest holds gold deposits that are similar in geology to the gold fields in Nevada, but for many the only question is how far these newly discovered deposits actually spread.
For many years it was believed that Nevada’s gold deposits were unique and specific to that region; however, that theory had to be abandoned after the discovery of Canada’s first Carlin-type gold deposit in 2009.
Since then ATAC Resources (TSX.V: ATC) has been busy exploring the Rackla Gold property which covers an area of 1,700 square kilometers; the company has identified at least five Carline-type clusters, which could only be the start.
“We have lots of [geological] anomalies that we just haven’t had time to assess yet,” said Julia Lane, vice president of exploration for ATAC. “There is a ton of regional potential here.”
Exploration of the Carlin-type deposits started in earnest in 2010 and has been steadily progressing. In 2014 the company announced some positive drill results including two significant gold intervals that returned 42.67 meter of 3.03 grams per tonne (g/t) gold including 6.09 meters of 13.61 g/t gold and 21.71 meters of 3.15 g/t gold including 9.15 meters of 5.85 g/t gold.
According to the company’s presentation during a recent media tour of the project, ATAC has budgeted $3 million on exploration this year.
In her presentation at ATAC’s site, Lane explained that what makes the results exciting is the consistency of the gold deposits though the entire depth of the explored fields.
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