Increasing My CoreHola to the familiar longs on here,,, as well as everyone else :-) I first bought into ATAC on the nice assay results that were released on my birthday in Sept 2009, a year after that ATAC profits made it possible for me to expand my portfolio. All in all I cant complain for its been quite a learning experience while gaining some modest profits and taking a couple bad hits as well - something to be said for diversifying too much :-) Anyhow I'm finding that I'm spending less and less time paying attention to my portfolio, as well as hanging out on the boards and more and more time enjoying the simpler things in life. In order to continue doing that I have to narrow down my portfolio to make damn sure that I'm invested in a play where I don't need to worry about whether they have the goods or not, or whether to be putting in stops just in case it proves to be another venture pipe dream. What it comes down to is the plain and simple fact that they're finding lots of gold and silver and with that I'm very confident to continue parking my money here for the long term since I believe the Rackla gold project will be increasing it's value for years to come - even though there's sure to be many more bumps along the way, one day there will be no looking back as Rackla will officially become Canada's largest gold trend, maybe even North America's!
It wont take much to light another fire under ATAC as the next few months should see a steady stream of results. Add in another new worthy target or two and it would definitely add to the credence that Rackla deserves to be compared to the Carlin trend.
Cheers!
A good read:
STRATIGRAPHY AND HOST ROCK CONTROLS OF GOLD DEPOSITS OF THE NORTHERN CARLIN TREND
Excerpt:
"Some of the highest gold grades on the northern Carlin trend are hosted by Jurassic mafic dikes and along sheared dike margins. Availability of iron from altered biotite and hornblende is considered important for gold precipitation within mafic dikes or along dike margins. Dikes (and sills) are commonly argillized and/or sericitized adjacent to gold deposits, and were emplaced along the same faults later utilized by gold-bearing, hydrothermal fluids. North-northwest-trending Jurassic dike swarms are often the best indicator of deep mineralized systems. Whereas wallrocks may be geochemically barren, dikes with anomalous As, Sb, Hg, and Tl and sericitized hornblende, biotite, and plagioclase are important conduits for concealed gold deposits (e.g., Betze-Post, West Leeville). For example, surface expression of the 1,500- to 1,800-foot (460–550 m) deep West Leeville deposit is subtle; exposed Vinini mudstone is not hydrothermally altered but there is a strong zone of northsouth faulting and lamprophyre dikes above the deposit. The 700- to 1,600-foot (210–490 m) deep Betze-Post deposit contains numerous north-northwest-striking, argillized dikes in the 80ºE-dipping Post fault zone and 50ºW-dipping JB fault zone; at depth these dike swarms host high-grade mineralizationwhere they cut the upper Roberts Mountains Formation."