Rackla Metals commences drilling at Hit target, eastern Tombstone Gold Belt First drill hole at Hit target expands RIRGS mineralization to the southwest; assays pending
Rackla Metals commences drilling at Hit target, eastern Tombstone
Gold Belt
First drill hole at Hit target expands RIRGS mineralization to the southwest; assays pending
Vancouver, British Columbia – July 17, 2024 – Rackla Metals Inc. (TSX-V: RAK) (the “Company”) is pleased
to announce that drilling has commenced at its Hit target, Astro Plutonic Complex, in eastern Yukon.
Rackla’s team has moved into their road accessible camp that will facilitate all work on the Astro Plutonic
Complex. The 2024 drill program is now underway, and the first holes being drilled are designed to expand
the RIRGS (Reduced Intrusion-Related Gold Systems) mineralization discovered at the Hit target last year.
The Hit target is defined by a prominent corridor of intense sheeted quartz-sulphide veins within the 2.5
sq km Canol Trail Stock.
Plan view map of the Mehitabel Showing, Hit target, with 2024 holes HIT-006 and HIT-007:
Suite 650 – 200 Burrard Street
Vancouver BC Canada V6C 3L6
www.racklametals.com
T 604.801.5432
F 604.662.8829
TF 1.888.627.9378
RAK:TSX.V
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The first hole of the 2024 campaign, HIT-006, was drilled below and to the southwest of 2023 drill holes
HIT-003 and HIT -004. Hole HIT-007 was drilled from the north towards HIT -003 and 004 targeting the
sheeted vein system and fault structures along the northern margin of the sediment-intrusive contact. The
image below shows sheeted vein system in monzogranite from HIT-006. This drill hole expands the known
RIRGS mineralization to the southwest and from surface to a vertical depth of 229m.
Core photo of multiphase quartz-carbonate-sulfide veining in hole HIT-006:
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Core photo of multiphase quartz-sericite-sulfide veining in hole HIT-007:
The Rackla field team is also working at the Peak target and has mobilized the drill to collar the first drill
hole at the target this week. The Peak target is located on the eastern flank of the Kelvin Stock, 11 km
south of the Hit target.
Both the Hit and Peak targets are located within the Astro Plutonic Complex (APC), eastern Tombstone
Gold Belt, in proximity to the territorial border between eastern Yukon and western Northwest Territories,
Canada. The APC is road accessible via the North Canol road.
Simon Ridgway, CEO commented: “Our team is excited to have initiated the next phase of drilling on the
Hit target and look forward to maiden drilling at the Peak target in the coming days. We are encouraged
with the sheeted vein density in HIT-006 and HIT-007, and look forward to the assay results.”
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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. Casselman 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 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
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Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
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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
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actual actions, events or results to differ materially from those described in forward -looking statements, there may
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Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of
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properties will be achieved; that there will be no material adverse change affecting the Company or its properties;
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and such other assumptions as set out herein. Forward -looking statements are made as of the date hereof and the
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forward-looking statements will prove to be accurate, as actual results and future events could differ materially from
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