Rackla Metals Commences Drilling at the HIT Property
Rackla Metals Commences Drilling at the HIT Property
Vancouver, British Columbia – September 5, 2023 – Rackla Metals Inc. (TSX -V: RAK) (the “Company”) is
pleased to announce that the Company has commenced diamond drilling at the HIT property, Yukon. The
drilling at HIT is part of the previously announced 3,000 m drill program focussed on targeting a Reduced
Intrusion-related Gold System (RIRGS) in the intrusive bodies at the Astro plutonic complex. The Company
plans to drill 1,000 m in 5 holes at HIT on targets identified by airborne geophysics, boots-on-the-ground
prospecting, talus fines and rock sampling.
A high priority 1,000 m by 400 m Au/Bi/As anomaly has been defined in soils , rock and t alus fines
associated with a northwest trending structural corridor exhibiting strong sheeted vein zones in outcrop
within the intrusive stock.
The HIT property is underlain by the Canol Stock, a monzogranite intrusion of the Tombstone Suite (Figure
1). The wide spaced drilling is being focused on this structural corridor testing the Ridge Zone, the Central
Zone and the Mehitabel Zone (Figure 1, Table 1).
Figure 1: HIT property mineralized zones.
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 Ridge Zone is characterized as a highly tectonized intrusive with sheeted veins containing pyrrhotite-
pyrite-chalcopyrite. Talus fine sampling in the area has returned 1.3 g/t gold over 6 m. This zone was tested
with HIT-002, results pending.
The Central Zone is located 600m N/W of the Ridge zone and here float samples have returned 20 g/t Au
and 4.9 g/t Au in grab samples. This zone was tested by HIT-001 with results pending.
The Mehitabel zone is located a 1,000m N/E of the Ridge Zone at the northern margin of the Monzogranite,
where it is in contact with carbonaceous finely bedded siltstone. Sheeted veins cutting the siltstone and
the intrusive stock here have returned strongly anomalous gold values both in the vein and skarn zones,
up to 3.4 g/t Au. This zone was tested in HIT -003, results pending.
Image 1. Abundant sheeted veins cutting monzogranite at the Mehitabel Zone. The veins are intensely
oxidized at surface and contain pyrrhotite, pyrite and chalcopyrite where not completely weathered. Chip
channel samples returned up to 0.7 g/t Au over the 2m chip sample.
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Image 2. Recent intercept of sheeted quartz-sulfide veins with sericitized halos in HIT-003.
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Table 1. Anomalous gold-bearing samples from HIT property.
Area of interest Station_ID Au
(ppm) Bi (ppm) As (ppm) Cu (ppm)
Mehitabel – zone HIT-AR-030 0.3 11.2 17.2 1620
Mehitabel – zone HIT-AR-032 0.42 12.8 8.4 524
Mehitabel – zone HIT-AR-033 0.68 18.65 19.2 4030
Mehitabel – zone Hit-8 0.562 61 18 687
Mehitabel – zone Hit-80 0.719 N/A N/A N/A
Mehitabel – skarn Hit-7 3.482 238 59 298
Mehitabel – skarn Hit-85 0.854 N/A N/A N/A
Mehitabel – skarn AHHTG006 3.85 >10000 130 991
Mehitabel – skarn AHHTR013 2.01 7300 92 755
Central zone Hit-AR-009 0.91 0.51 10000 1225
Central zone Hit-AR-006 0.36 1.43 7870 84.2
Central zone Hit-45 1.298 N/A N/A N/A
Central zone Hit-75 20.51 N/A N/A N/A
Ridge zone Hit-91 0.793 N/A N/A N/A
Ridge zone Hit-92 0.561 N/A N/A N/A
Ridge zone Hit-96 4.916 N/A N/A N/A
Ridge zone AHHTG003 0.41 N/A N/A N/A
Babe Ruth RZHTR018 0.598 55 5 601
McDame Zone BKHT-24 2.506 <2 3170 7
McDame Zone BHIT-1 1.152 152 387 235
Drilling to continue at Astro
Following the completion of the drilling at HIT , the Company will return to the Astro property to drill at the
Lake Creek Valley target. The Lake Creek Valley target is defined by a 450m long gold -bismuth-
molybdenum talus fine s anomaly and abundant sheeted veins in the biotite -hornblende-clinopyroxene
granite of the Tombstone Suite. The sheeted veins are well oxidized on surface and have been observed
to contain pyrrhotite-pyrite-chalcopyrite with a sericitic halo where they are not completely weathered
(Image 3).
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Image 3. Sheeted veins in granite at the Lake Creek Valley, with oxidation halos and spots on surface. The
rock is mineralized with Po±Py-Cpy in veins and disseminations.
Simon Ridgway, CEO commented: “The approach we have taken to explore this large Astro Intrusive
complex is to define areas with sheeted veining and/or skarn zones with anomalous gold/bismuth within
the intrusive bodies and test them with wide spaced drill holes. The low angle of the holes (-50) gives us
maximum lateral coverage, as does the wide spacing of the drill holes. Results will be compiled at season
end and areas exhibiting the potential to host sizable gold deposits will be tested with significant drill
programs in 2024 season. Boots on the ground within these intrusive bodies has identified many areas that
warrant follow-up. I believe compilation of the results of this year’s program will generate exciting targets
for 2024.”
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 pote ntial 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.
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