Rackla Metals Outlines 2025 Exploration Plans for the Grad Property in Northwest Territories
Rackla Metals Outlines 2025 Exploration Plans for the Grad Property in
Northwest Territories
Vancouver, British Columbia – February 25, 2025 – Rackla Metals Inc. (TSX-V: RAK) (the “Company ”) is
pleased to provide an update on the exploration plans for the Grad Property in the Northwest Territories
(NWT). The Grad Property is located in the eastern portion of the Tombstone Gold Belt and was staked in
July of 2024 when the land came open following more than a decade of land use planning. Prior to Rackla
staking the claims there was no history of exploration on the intrusion at the core of the Property. The
2024 program was limited to 10 days on the property and consisted of prospecting, rock, stream sediment
and talus-fine sampling, an airborne geophysical survey and a photogrammetry survey. Rackla is
exceedingly pleased with the results from the 2024 program.
Grad Property 2024 exploration highlights:
• New Gold Discovery – BiTe Zone: Talus-fine sampling at the southern margin of the North
Nahanni Pluton returned a broad zone of quartz-tourmaline and quartz-sulfide veining, with
grades up to 92 g/t Au.
• Large Gold Anomaly: A 550m-wide anomaly averaging 1.06 g/t Au, with a core zone of 180m
averaging 3.68 g/t Au.
• Extensive Mineralization: Channel sampling at the base of the cliff returned 38m grading 1.8 g/t
Au, with strong indications that the mineralization extends up the 450m ridge.
• Strong Geochemical Indicators: High concentrations of bismuth and tellurium, which are key
pathfinders for Reduced Intrusive Related Gold Systems (RIRGS).
• Significant Expansion Potential: Early results suggest the mineralized system extends at least 1.3
km north of BiTe, with strong gold, bismuth, tellurium, and tungsten values.
• 2025 Exploration Program: Initial drilling to test the BiTe Zone at the base of the cliff and
additional mapping and channel sampling to delineate the mineralized zone along strike.
CEO Simon Ridgway stated, “The early results from the BiTe Zone at the Grad Property are highly
encouraging and point to the potential for a significant gold system. The combination of high-grade gold
values, strong geochemical signatures, and widespread alteration suggests we’ve just begun to uncover
the full extent of this discovery. We’re eager to build on these early successes with a focused 2025
program that will take our understanding of the system to the next level.”
1111 Melville Street, Suite 1000
Vancouver, BC V6E 3V6, Canada
www.racklametals.com
T 604.801.5432
F 604.662.8829
TF 1.888.627.9378
TSX.V: RAK
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The Grad Property
The Grad Property is centered on the North Nahanni Pluton, a Cretaceous-aged, Mayo Suite felsic
intrusion in the eastern Tombstone Gold Belt in the NWT. The pluton measures 1.9 by 2.2 km with a
sizable, intensely altered, contact aureole expressed as hornfelsed and iron-stained gossanous sediments
surrounding the intrusion.
While conducting talus sampling at the southern margin of the Pluton, a broad alteration zone was
identified with intense quartz-tourmaline and quartz-sulfide veining within the intrusive, the intensity of
the veining shattering the intrusive body to almost a schistose appearance. Results of the sampling
returned significant gold grades, up to 92 g/t Au, with many samples returning multi-gram gold. The gold
mineralization is associated with bismuth, tellurium +/- tungsten confirming that this is a Reduced
Intrusive Related Gold System (RIRGS). The discovery was named the BiTe Zone.
Figure 1 – Photograph of the shattered North Nahanni Pluton:
The BiTe Zone is defined by a talus-fine sample line that returned 550 m with an average gold
concentration in the samples of 1.06 g/t Au. Within that interval is a central core of 180 m that averaged
3.68 g/t Au. The intensity of the core alteration zone appears to extend up the face of the cliff to the ridge
top which is 450 m along strike and 350 m vertically above the discovery. While no samples have been
taken to date above the base of the cliff, a channel sample of 40 m in length taken at the base of the cliff
across the vein orientation returned 38 m grading 1.8 g/t Au. The concentration of bismuth and tellurium
from rock samples collected on the Grad Property is in an order of magnitude higher than anything Rackla
has observed in the eastern part of the Tombstone Gold Belt during the Company’s 2+ years of exploration
in the region, hence the name of the zone (BiTe).
The geochemical signature of the BiTe Zone is indicative of a robust RIRGS system. The Au-Bi-Te-W metal
assemblage is an important characteristic of RIRGS deposits (1 Hart, 2007). The Bismuth concentration in
rock samples is up to 2.17% from high-grade gold samples at BiTe (with 92.4 g/t Au, 1250 ppm Te, and
260 ppm W) and up to 2.98% from a sample collected 1.3 km north of BiTe (with 2.8 g/t Au, 23 ppm Te,
and 0.66% W). The results show a strong correlation of gold to tellurium and bismuth with correlation
coefficients of 0.878 and 0.578, respectively.
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Figure 2 – Photograph of BiTe Zone with talus-fine, rock and channel sample gold results:
These results are particularly encouraging considering the limited field program in 2024 and the
magnitude of the BiTe target has plenty of room for expansion.
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Figure 3 – Plan view of the North Nahanni Pluton on the Grad Property with dimensions of the alteration and
mineralizing system:
The cliff above BiTe is a steep face that rises 400 m from the valley floor and exhibits many of the features
observed at the BiTe Zone: abundant sheeted quartz-sulphide veining; intense fracture pattern; and
strong iron oxide staining from the weathering of sulphide minerals. As mentioned above, the talus-fine
anomaly at BiTe is 550 m wide. The photogrammetry image shows that the alteration and mineralizing
system strikes for 1.3 km to the north, where prospecting has returned a sample with 2.8 g/t Au, 2.98%
Bi, 23 ppm Te and 0.66% W.
Only a small portion of the property has been prospected, yet these results confirm the potential for
significant extension to the mineralization identified at the BiTe Zone.
The 2025 exploration program will focus on getting a drill turning at the discovery outcrop at the base of
the cliff. The program will also involve sampling the upper reaches of the cliff face on both sides of the
ridge using a mountaineering geological team, preparing drill pads along the ridge top and delineating the
extent of the mineralized zone on the north side of the ridge with detailed structural mapping and channel
sampling.
1 Hart, C.J.R., 2007, Reduced intrusion-related gold systems, in Goodfellow, W.D., ed., Mineral deposits of Canada: A
Synthesis of Major Deposit Types, District Metallogeny, the Evolution of Geological Provinces, and Exploration
Methods: Geological Association of Canada, Mineral Deposits Division, Special Publication No. 5, p. 95 -112.
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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 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.
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Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of
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