Rackla Metals completes summer exploration program at its Rivier gold project, Yukon
Rackla Metals completes summer exploration program at its Rivier
gold project, Yukon
October 19, 20 20; Vancouver, BC : Rackla Metals Inc. (TSX -V: RAK) reports that it has completed the
summer field program at its Rivier Project in the Yukon. As the COVID-19 restrictions eased in the Yukon,
Rackla mobilized a team to Rivier to conduct this year’s exploration program.
The Rackla team completed prospecting, rock chip sampling and geological mapping on the property ,
focusing on the areas of high gold in soil anomalies identified by previous work on the prospect. The +400
line km airborne magnetic survey conducted over the property by Precision GeoSurveys Inc. was
complemented by a ground magnetic susceptibility survey that will enable accurate modelling of the
targets. Results from the geochemistry, geology and geophysics programs will be released in the coming
weeks and updated drill targets will be developed for the next field season.
The consolidated Rivier Project (116 claims) cove rs lode gold mineralization of the Motherlode type.
Previous soil and silt sampling programs have defined a plus two-kilometre-long, strong broad gold and
pathfinder anomaly along a faulted contact of an ultramafic body. The anomalous gold in soils appear to
be associated with mapped Listwanite alteration of the ultramafic body. With several soil samples running
over 2 grams per tonne gold, this broad zone contains potential for significant gold mineralization.
Technical Information
Bruce Smith, M.Sc. (Geology), a member of the Australian Institute of Geoscientists, is Rackla’s Qualified
Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, and has
prepared and approved the technical information contained in this news release.
About Rackla
Management of Rackla Metals is encouraged by the renewed strength in the precious metals market and
is actively seeking new projects for acquisition as the Company continues to advance its Rivier Project in
the Yukon.
ON BEHALF OF THE BOARD
Bruce Smith,
President and Director
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Tel: (604) 801-5432; Fax: (604) 662-8829
Email: [email protected]
Website: www.racklametals.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
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 future exploration work at the Rivier
Project. 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 further exploration work at the Rivier Project will proceed; changes in general economic con ditions
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 pro file on SEDAR at www.sedar.com. 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 ca use 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: expectations that further exploration work at the Rivier Project will
proceed; that the Company’s stated goals and planned exploration and development activities 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.