Rackla Metals to commence exploration program at its Rivier gold project, Yukon
Rackla Metals to commence exploration program at its Rivier gold project,
Yukon
August 19, 2020; Vancouver, BC: Rackla Metals Inc. (TSX-V: RAK) is pleased to announce the
Company is commencing a ground geophysical EM survey and geological mapping program at its
Rivier Project in the Yukon. The Company has contracted Precision GeoSurveys Inc. of Langley
BC to conduct the work programs at Rivier. The Yukon government has recently relaxed its
COVID-19 restrictions and Ra ckla plans to mobilize work teams to the Project in the coming
weeks.
The consolidated Rivier Project (116 c laims) cover lode gold mineralization of the Motherlode
type. Geochemical results from soil sample programs have defined a strong broad gold anomaly
along a plus two kilometre long faulted contact of an ultramafic body. The anomalous gold in
soils appear to be associated with mapped Listwanite alteration. The strength of the anomaly, with
several soil samples running over 2 gram s per tonne gold, indicates potential for significant gold
mineralization. The EM survey should better define the alteration zone and help select areas for
further exploration.
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 t he 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 planned 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 a nd 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 exploration work at the Rivier Project will proceed as planned; 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 resou rces 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 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: expectations that exploration work at the Rivier Project will proceed as
planned; 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.