Rackla Metals Commences 2024 Exploration Program on Yukon and NWT Projects
Rackla Metals Commences 2024 Exploration Program on Yukon and
NWT Projects
“Hit and Peak discoveries are the priority drill targets in 2024”
Vancouver, British Columbia – June 3, 2024 – Rackla Metals Inc. (TSX-V: RAK) (the “Company”) is pleased
to announce that field crews will be mobilizing to the Company’s Yukon and NWT projects, including the
Company’s flagship Astro Plutonic Complex (APC), on June 6. The APC is located at the Yukon-NWT border
and the project is road accessible, 240 km north of Ross River along the North Canol road.
The crews are looking forward to an exciting and promising season of exploration and discovery on its
Tombstone Gold Belt properties. The 2024 exploration plans include:
Hit Target
The Hit target is hosted within a prominent corridor of intense sheeted quartz-sulphide veins within the
2.5 sq km Canol Trail Stock. In 2023, drill hole HIT -003 intersected 0.248 g/t Au over 129.8 m including
0.668 g/t gold over 16.5 m and 0.607 g/t gold over 13.5 m. Hole HIT-004 drilled from the same drill pad in
the opposite direction intersected 0.516 g/t gold over 45.5 m. Both holes encountered sheeted quartz -
sulphide veins throughout the full length of the holes and the gold intercepts had a strong gold-bismuth-
tellurium-arsenic correlation, typical of a Reduced Intrusion mineralizing system.
Rackla plans to expand on the geological mapping, prospecting and soil sampling program from 2023 to
further define and expand on this target. The Company will also conduct 3,000 m diamond drilling to
vector in on the core of the Reduced Intrusion-Related Gold System (RIRGS).
Figure 1 – Hit Target proposed 2024 drill plan.
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Peak Target
The Peak target is hosted in the Kelvin Stock 11 km south of the Hit target. At Peak, on the eastern flank
of the intrusion a soil anomaly measuring 1.5 km by 1.0 km has been defined. It is a robust anomaly with
coincident gold, arsenic and bismuth, typical of a RIRGS target. Prospecting and rock sampling at Peak
returned a high percentage of samples containing greater than 1.0 g/t gold. Twenty percent, or 49 out of
237 rock samples collected on the property have returned >1.0 g/t gold with the highest value being 17.8
g/t gold. The gold occurs primarily in sheeted quartz -arsenopyrite-bismuth veins that occur in the
sedimentary rocks along the eastern margin of the Kelvin Stock. The veins trend north-northeasterly and
individual veins can be traced for hundreds of meters. The vein system has been traced for 1 km along
strike and 1.5 km across strike.
In 2024, Rackla will undertake a maiden drill program at Peak with a first phase consisting of 1,000 m in 6
to 7 holes. The geophysical signature at Peak indicates that the intrusive contact dips shallowly eastward,
under the sediments. Rackla will be testi ng this with the drill holes and is hopeful that the underlying
intrusion hosts gold-bearing sheet quartz veins that are feeding the veins observed in the sediments on
surface. The Company will also be expanding on the mapping, prospecting and soil sampli ng coverage in
2024.
Figure 2 – Peak and Cirque targets surface sampling gold results.
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Figure 3 – 3-D model of Kelvin Stock, which includes the Peak and Cirque targets.
Simon Ridgway, CEO commented: “Our team is excited to be getting back into the field following the RIRGS
discoveries at HiT and Peak in 2023. The priority for the 2024 exploration program is a significant drill
program on HIT , to vector towards the heart of the RIRGS target, and a maiden drill program on Peak to
test the high-grade gold bearing sheeted veins identified last season. The Company will also be advancing
several of its other 100% owned earlier stage projects in the belt.”
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.
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About Rackla
Rackla Metals Inc. (TSX -V: RAK) is a Vancouver, Canada based junior gold exploration company. The
Company is targeting RIRGS (Reduced Intrusion-Related Gold System) mineralization on the southeastern
part of the Tombstone Gold B elt in eastern Yukon and western Northwest Territories. Management
believes that this area, which is underexplored for R IRGS deposit types, has the potential to be the next
frontier for their discovery.
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 press 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 inc lude, without limitation, statements about the Company’s proposed exploration
activities. Often, but not always, these forward looking statements can be identified by the use of words such as
“estimate”, “estimates”, “estimated”, “potential”, “open”, “futu re”, “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, 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 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 or its properties;
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.