Rackla Metals Recaps a Successful Phase 1 Exploration Program on the Astro Plutonic Complex & Looks Ahead To 2024
Rackla Metals Recaps a Successful Phase 1 Exploration Program on the Astro
Plutonic Complex & Looks Ahead To 2024
Vancouver, British Columbia – January 4, 2024 – Rackla Metals Inc. (TSX-V: RAK) (the “Company”) entered
the 2023 season with a commitment to shareholders to get boots-on-the-ground in the Astro Plutonic
Complex of Yukon and NWT in the search for Reduced Intrusion-Related Gold Systems (RIRGS). Research
by the Company had shown that this intrusive complex, which is effectively road accessible, was under-
explored and had not been tested for RIRGS potential. The limited amount of historical work focused
primarily on the sedimentary rocks along the margins of the intrusions, while the intrusive bodies
themselves were relatively untouched. The Rackla team determined there was tremendous potential for
a significant RIRGS discovery within the Complex.
The Company employed a large team of prospectors, soil samplers and geologists to get eyes on the rocks
and collect samples to test the potential of this large, rugged terrain in search for gold-bearing sheeted
vein systems with potential for an economic discovery. The surface sampling program returned numerous
anomalies and was followed by 3,000 m of reconnaissance-style drill testing of selected targets.
The HIT claim block covers the Canol Trail Stock, which is the most northerly intrusive body in the Astro
Plutonic Complex . The Canol Trail Stock is a Tungsten Suite monzogranite that measures 2.5 km in
diameter. Soil and talus -fine sampling in 2023 identified a 2.4 square km Au -Bi-As anomaly on the
northwestern part of the intrusion that is open in all directions. The Company drilled 1,000 m in 5 holes at
HIT and intersected significant RIRGS-style gold-bearing intersects in two holes, HIT-003 & HIT-004. These
holes were drilled from the same drill pad, in opposing directions, and cut gold-bearing sheeted veins over
a width of 225m and to a depth of 150m. This mineralized system is open to the north, south, west and
at depth. Interpretation of the Company’s airborne geophysical data shows that the western margin of
the intrusion dips shallowly under the sediments with a thin cover. Significant drilling will be needed to
test this RIRGS target and expectations are high.
HIT property anomalies and 2023 drill hole locations.
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The SER claim block hosts the most southern of the three intrusive bodies known as the Kelvin Stock. The
Kelvin Stock is 10 km south of the Canol Trail Stock, measures 2.2 km in diameter and is a Tombstone Suite
granite intrusion. Soil sampling at SER has returned strong, coincident Au-As soil anomaly at the Grid Zone,
a Au-Bi-As anomaly at the Peak Zone and Au -Bi talus-fine anomaly at the head of the SER glacier valley.
The soil and talus -fine anomalies are greater than 2 square km and occur within the intrusion and
sedimentary rocks in the contact aureole. Prospecting in these areas has returned significant gold
mineralization from rock samples with 22% of the samples returning greater than 0.5 g/t gold and a peak
a value of 27.5 g/t gold. The Company was not able to drill test the SER targets in 2023, however it will be
a focus of drilling in 2024.
SER property soil, talus and rock sample anomalies
Simon Ridgway, Rackla Metals CEO, commented: “The work completed on the Astro Plutonic Complex in
2023 was successful in identifying RIRGS in the most eastern reaches of the Tombstone Gold Belt, an area
previously only known for base metal deposits. The initial drill program completed on the Canol Trail Stock
has indicated real potential for a large economic gold system. A significant drilling program is justified in
2024. Multiple other areas within the large ground pos ition we acquired in 2022 have also shown
significant promise to host RIRGS style gold systems, and I am confident that as we develop these other
target areas further discoveries will be made.”
Over the next few months, the Rackla team will be focused on detailed evaluation of results collected from
the 2023 field program that included airborne and ground geophysics, surface sampling, and drilling. The
2024 workplans will include:
HIT Property: A significant drill program is planned to vector towards the heart of the RIRGS
target discovered in 2023.
Astro Property: Additional mapping and prospecting is planned to determine the source of gold
mineralization.
SER Property: A maiden diamond drill program is planned to test the various gold-in-soil
anomalies and anomalous rock samples.
Other properties: Work on 4 other Company-owned properties, including “boots-on-ground”
prospecting, to bring them up to the drill ready stage.
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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. Ca sselman 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 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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
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 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”, “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, 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.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 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
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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 obliga tion 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.