ATAC Resources has released the final results of the 2011 drilling program from its Ocelot lead-silver-zinc discovery.
The location of this Ocelot discovery is in the Rau Trend, which is to the west of ATAC's Rackla gold project, Canada.
The company has drilled 3784.75 m, totaling 19 holes, during the 2011 diamond drill campaign. It has yielded positive results from the initial five holes near the surface. ATAC has performed further drilling program along the down dip and strike from these first drill holes.
ATAC has not cut any considerable mineralization in the holes OC-11-15 and OC-11-19 through OC-11-24. It has collared the hole 15 for a long distance at the segment and the hole has examined above the mineralized zone. The holes from 19 through 24 analyzed the mineralizing formation along the strike to the southwest part.
Ocelot mineralization contains medium to roughly grained galena and pyrite and low iron sphalerite in different concentrations. Mineralized sulphide exists in a northeast trending fault dipping sharply, which intersects a wide dolomite series displaying fluidized and structural breccias. The company has encountered mineralization over a strike length of 230 m and 150 m in depth. Mineralization stays along the strike and downdip to the northeast section.
ATAC has planned to conduct ground geophysical surveys during 2012 for finding if extra mineralization zones identical to Ocelot are connected with numerous unexamined natural spring gossans in the region.