Resource World Magazine

Resource World - Oct-Nov 2015 - Vol 13 Iss 6

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o c t o b e r / n o v e m b e r 2 0 1 5 www.resourceworld.com 19 W ith typical Yukon optimism and determination, these companies aren't waiting on markets to improve to advance their proj- ects. Again this year, there are less drills turning, but a lot of drilling has been done, data has been collected, studies and assessments have been completed or are pending. First Nations were very positively present on this year's tour and pointedly expressed their support of the projects in which they are involved and their plans for the future. This year I met with the Chamber of First Nations and learned how they have been active miners in the Yukon since the gold rush and how they continue to benefit and benefit from the resource industry. The following project updates are pre- sented in the order they were visited. ATAC Resources Ltd.'s [ATC-TSXV] wholly owned Rackla Project, ~100 km northeast of Mayo, central Yukon, was the first stop on the 2105 Yukon Mining & Exploration Media Tour. It is a huge prop- erty; 185 km wide, with three air strips, numerous promising targets and big, regional potential. The 1,700 km 2 property hosts two distinct trends: Nadaleen and Rau. ATAC's near term goal is to further opti- mize the oxide Tiger deposit, (on the Rau Trend) which was the subject of a positive 2014 PEA. Their longer term goals are to further define, add and optimize resources at Nadaleen and Rau and to continue exploration at other identified targets at Rackla. On the 35 km long Nadaleen Trend, ATAC is developing Canada's only Carlin- type gold deposit, a type of deposit that occurs in clusters which increases the potential for new discoveries. The Anubis Zone has been the focus of 2015 exploration drilling. "The RAB drill is new to us, it's definitely cheaper," said Julia Lane, B.Sc., P.Geo., Vice President, Exploration. The RAB is a light, percussion drill that gets below the ground cover to obtain chip samples that reveal rock type, but not structure. On August 25, ATAC reported that RAB drilling, "conducted 300 m west of the Anubis Zone, intersected 47.24 m of 3.79 g/t gold (ARB-15-026) at what is now called the Orion target." ATAC will end the year with $17 mil- lion in the treasury, enough cash to fund a few years worth of exploration. Alexco Resource Corp. [AXR-TSX; AXU NYSE-MKT] owns one of the world's richest silver districts, Keno Hill, in cen- tral Yukon, which produced 217 million ounces of silver from 35 mines. Alexco recently suspended operations at their Bellekeno Mine, at Keno, to regroup and optimize long-term, district-wide plans to capitalize on the economies of increased production while decreasing costs. The company has filed an updated PEA, dated December 2014, for the Keno Hill Project. Alexco has successfully navigated the permitting process eleven times at • ConstruCtion AnD Mining serviCes

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