Rackla provides Grad Project and Regional Exploration Update
Rackla provides Grad Project and Regional Exploration Update
Vancouver, British Columbia – October 21, 2025 – Rackla Metals Inc. (TSX -V: RAK) (the “Company”) has
recently reported assay results from the first three drill holes of its 2025 campaign on the Grad Property
(see release dated October 6, 2025 ). Holes G25 -001, 002 and 003 tested below the high -grade BiTe
showing, discovered in August 2024. Results from these holes failed to show continuity to the
mineralization discovered in the outcropping intrusive. The Company is working on interpretations to
understand why these holes did not intersect similar mineralization to that observed on surface.
The target at Grad is a large, altered, and intensely veined intrusive that measures approximately 2 km in
diameter and forms the core of a very steep mountain. The drill program was the maiden drill program
on the property and tested a small portion of the intrusi ve. While these initial results are disappointing,
there are results yet to come from 7 holes representing 3,518 m of the 4,489 m program . Rackla has
contacted the lab on several occasions and been told that the results for the remaining drill core samples
are still weeks away. The la b did say that it has been a tremendously busy exploration seaso n, that they
are backlogged on sample processing and cannot give us an exact date when the core will be finalized, or
in which sequence the sample batches will be processed. Therefore, the Company has made the decision
to receive the analysis for the remaining seven holes only when they have all been completed. We
estimate that will be early November.
In the interim, Rackla has been receiving stream sediment, soil and rock results from the regional
exploration program completed in 2025. During this program the Company collected over 500 rock
samples, 1400 soil samples and 140 stream sediment samples. There are 2 batches of stream sediment
samples and 4 batches of rock and trench samples outstanding. However, results to date clearly show a
number of new discoveries in the region, which are described below . These early-stage discoveries are
encouraging and the Company is planning follow-up programs in 2026.
Manta Showing
The Manta Showing was discovered 1.5 km south of the BiTe Showing and is in the Grad claim group.
Manta occurs as a previously unmapped Cretaceous intrusion. In 2025, the Company conducted
prospecting and talus-fine sampling around the intrusion. The talus -fine sampling returned samples with
gold values up to 0.56 ppm Au and associated bismuth, tellurium and arsenic. Rock sample results from
the western margin of the intrusion returned a couple of samples greater than 1 ounce of gold per ton
(31.1 g/t, Figure 1 ). The Company followed up in this area with t renching late in the season and these
results are pending.
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TSX.V: RAK
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Figure 1 – Manta Showing Rock Sample Gold Results.
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Ogre Property
The Ogre target is located 10 km north of the Grad Property. It occurs on the southeastern margin of the
large, Cretaceous, O’Grady Batholith. In 2025, Rackla conducted stream sediment sampling, talus fine
sampling, heavy mineral concentrate (HMC) sampling (ie. gold panning), pros pecting and established a
2.5 x 2.5 km soil grid. The gold panning was conducted in an area where NWT government collected a
HMC sample with 27 grains of gold in a single sample. This area was labeled the 27 Grains Target. Rackla
followed up on this work by panning above and below the government sample, and along a 500 m stretch
of the stream, observed visible gold grain counts from 1 to 3 grains per pan. These results prompted the
Company to establish a soil sample grid over this area. The soil sampling program identified a 1.5 km long
coincident Au-Bi-Te-As anomaly (see Figure 2).
Figure 2 – 27 Grains Target soil geochemical gold results.
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North of the 27 Grains Target, the program identified an 800 m long, coincident gold-bismuth-arsenic soil
anomaly in the O’Grady Batholith, west of the projection of the 27 Grains structure (Figure 3). Rock
samples collected on the Ogre property show a particularly strong correlation with tellurium. This anomaly
remains to be followed up in 2026.
Figure 3 – 27 Grains / Ogre talus-fine and rock sample gold results.
Calypso Property
The Calypso Property was staked 17 km west of the Grad property and is located on the southwestern
margin of the O’Grady Batholith. The property is another grassroots discovery by the Company, following
up on a government regional geochemical survey that identified gold and bismuth anomalies . While
conducting talus sampl ing along the break in slope of the cliff, Rackla geologists identified sulphide-
bearing sheeted quartz veins in the intrusive. Rock samples collected from this veining have returned over
10 g/t Au with high bismuth and tellurium values.
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Figure 4 – Calypso Property talus-fine and rock sample results.
Lened Property
Upon completion of Land Use Planning in the Sahtu Region, the ground that hosts t he Lened tungsten
deposit was re -opened for staking. Tungsten mineralization was first discovered at Lened in 1960 and
from 1977 to 1982 an intensive exploration program was conducted by Union Carbide Exploration Ltd.
This historic work included over 23,000 m of diamond drilling and m uch of the core remains on the
property. A historic resource of 0.9 M tonnes grading 1.0% WO3 was calculated for the deposit (not NI 43-
101 compliant). Rackla recognized the value of the historic work and significance of this tungsten resource
and staked claims to cover the deposit . The historic work was focused on tungsten and rar ely was any
analysis for gold undertaken. The Company also believes there could be significant gold potential on the
property. Rackla plans to compile the historic data into a digital format over the winter of 2025 -26 to
unlock the potential of the Lened Property.
The Company has a solid financial position going forward with $10 M in the bank and is well positioned to
capitalize on the 2025 discoveries made in this portion of western Northwest Territories.
Rackla is working in consultation with the Sahtu Dene and Métis communities and remains committed to
maintaining the respectful, collaborative relationships we’ve built with the Sahtu. As we advance
exploration at our properties, we will continue working c losely with local stakeholders and regulatory
agencies to ensure our activities create long-term value and reflect community priorities.
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Qualified Person
Scott Casselman, B.Sc., P.Geo., Vice-President Exploration of the Company, is a member of the Association
of Professional Engineers and Geoscientists of British Columbia and is the Company’s Qualified Person as
defined by National Instrument 43 -101. Mr. Ca sselman has reviewed and approved the technical
information contained in this news release.
About Rackla
Rackla Metals Inc. (TSX-V: RAK) is a Vancouver, Canada based junior gold exploration company. The
Company is targeting Reduced Intrusion-Related Gold Systems (RIRGS) mineralization on the southeastern
part of the Tombstone Gold Belt in eastern Yukon and western Northwest Territories. Management
believes that this area, which is underexplored for RIRGS deposit types, has the potential to be the next
frontier for the discovery of these large gold systems.
ON BEHALF OF THE BOARD
Simon Ridgway,
CEO and Director
Tel: (604) 801-5432; Fax: (604) 662-8829
Email: [email protected]
Website: www.racklametals.com
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TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
Certain statements contained in this news release constitute forward-looking statements within the meaning of
Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-
looking statements and include, without limitation, the pending assay results from the Company’s 2025 drilling
program; the Company’s future exploration activities; and general business and economic conditions. Often, but not
always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”,
“estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”,
“upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or
statements that events, “could” or “should” occur or be achieved and similar expressions, including negative
variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially different from any results, performance
or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among
others, whether exploration results will be as anticipated; changes in general economic conditions and financial
markets; the Company or any joint venture partner not having the financial ability to meet its exploration and
development goals; risks associated with the results of exploration and development activities, estimation of mineral
resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such
other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and
available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to
identify important factors that could cause actual actions, events or results to differ materially from those described
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in forward-looking statements, there may be other factors that cause actions, events or results to differ from those
anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of
management, including but not limited to: that the Company’s stated goals and planned exploration activities at its
properties will be achieved; that there will be no material adverse change affecting the Company, its properties or its
securities; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof
and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new
information, future events or results or otherwise, except as required by law. There can be no assurance that forward-
looking statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking
statements.