RAK:CC - Rackla Metals mobilizes crews to commence the 2025 Exploration Program at the Grad Property, NWT
(TheNewswire)
Vancouver, British Columbia – TheNewswire - June 11, 2025 – RacklaMetals Inc. (TSX-V: RAK) (the “Company”) is pleased to announcethat crews are mobilizing to commence the 2025 exploration program onthe Grad property, located in the Tombstone Gold Belt of the NorthwestTerritories.
All the pieces are in place for a very excitingseason:
Fully funded, fully permitted 2025 field campaignwill focus on 2024 Grad Gold Discovery.
Grad is a Reduced Intrusion-Related Gold System exposedin a 400m vertical cliff face.
A 2,000 m maiden drill program will test the continuityof the Gold mineralization at the BiTe Zone, where channel at the baseof the cliff has returned excellent gold results.
A further ± 2,000 m will be drilled from the ridgetop, following confirmation from sampling that the veins are goldbearing.
The Grad project is fully permitted for the upcoming2025 exploration season and beyond. The Company obtained a five-year,Type A Land Use Permit from the Sahtu Land and Water Board, in Aprilof this year supporting the maiden drill program. The Permit, with apotential for a two-year extension, allows Rackla to significantlyadvance exploration efforts, beginning with drilling at the BiTeZone—a high priority target showing early promise.
All contracts are in place to support the program. TheRackla team will be supported by Horizon Helicopters Inc., Tintina AirInc., Minconsult Exploration Services, Kluane Diamond Drilling Ltd.,AFD Petroleum Ltd., Trailblazer Expediting Inc., Twilite Services Ltd.and Selwyn Chihong Mining Ltd.
The 2025 program will include additional follow-upsurface exploration at Grad and in the broader region withmountaineering geologists, excavator trenching and a 4,000 m maidendrill program focused on the BiTe target.
Project Description
The Grad property is located in the eastern portion ofthe Tombstone Gold Belt. The mineral claims defining the property werestaked in July of 2024 when the land came open following more than adecade of land use planning. Prior to Rackla staking the claims therewas no history of exploration on the outcropping intrusion at the coreof the property. The 2024 program was limited to 10 days on theproperty and consisted of prospecting, rock, stream sediment andtalus-fine sampling, an airborne geophysical survey and aphotogrammetry survey. Rackla is exceedingly pleased with the resultsfrom the 2024 program.
The property is centred on the North Nahanni Pluton, aCretaceous-age, Mayo Suite felsic intrusion. The pluton measures 1.9by 2.2 km popping up through the sediments, creating a sizable,intensely altered contact aureole expressed as hornfelsed andiron-stained gossanous sedimentary rocks surrounding the felsicintrusive body.
While conducting talus-fine sampling at the southernmargin of the Pluton, a broad quartz-sericite alteration zone wasidentified with intense quartz-tourmaline and quartz-sulfide veiningin the intrusive. The intense veining has shattered the intrusive bodyto almost a schistose appearance. Results of the rock samplingreturned significant gold grades, up to 92 g/t Au, with many rocksamples returning multi-gram gold. A continuous channel sample takenat the base of the cliff face returned 38m averaging 1.8 g/tAu.
The gold mineralization is associated with bismuth,tellurium +/- tungsten confirming that this is certainly a ReducedIntrusive-Related Gold System (RIRGS). Because of the anomalously highbismuth and tellurium associated with the gold, the discovery wasnamed the BiTe Zone.
The talus-fine sampling program identified a 550-metreinterval that returned an average concentration of 1.06 g/t Au, thecore zone of this talus interval was a 180-metre interval averaging3.68 g/t Au.
Phase 1 Drilling at the BiTeZone
Rackla will commence its Phase 1 drill program at theBiTe Zone at base of the cliff (see Figure 1).
Phase 2 will include step-out drilling and drillingfrom the ridgetop, if mapping and sampling results confirm thegold-bearing zone occurring continuously up the cliff face.
Figure 1. North Nahanni Pluton withBiTe Zone discovery.
Regional Exploration
The 2025 program will include an extensive regionalsurface exploration campaign to test several potential RIRGS targetsin the area. The company has a regional exploration crew that will beconducting detailed stream sediment sampling, prospecting and rocksampling in the area that has been identified as being highlyunderexplored but exhibits tremendous potential for newdiscoveries.
CEO Simon Ridgway stated, “We are pleased to kick off the season,one of the most exciting times in Rackla’s journey in the Tombstonebelt. The crew is preparing the camp that will support our summerprogram, and we are getting all the supplies required to have aproductive season. The snow at BiTe is clearing and we expect to startworking on the ground at full capacity in the last week of June.Drilling is on-schedule to start the first week of July.
The Company is well financed with atreasury of over C$10 million following the recent exercise of26,673,625 warrants with a strike price of $0.20 that were issued inour June 2024 financing.”
Rackla is working in consultation with the Sahtucommunities and remains committed to maintaining the respectful,collaborative relationships we’ve built in the area. As we advanceexploration at the Grad Project, we will continue working closely withlocal stakeholders and regulatory agencies to ensure our activitiescreate long-term value and reflect community priorities.
Qualified Person
Scott Casselman, B.Sc., P.Geo., Vice-PresidentExploration of the Company, is a member of the Association ofProfessional Engineers and Geoscientists of British Columbia and isthe Company’s Qualified Person as defined by National Instrument43-101. Mr. Casselman has reviewed and approved the technicalinformation contained in this news release.
AboutRackla
Rackla Metals Inc. (TSX-V: RAK) is a Vancouver, Canadabased junior gold exploration company. The Company is targetingReduced Intrusion-Related Gold Systems (RIRGS) mineralization on thesoutheastern part of the Tombstone Gold Belt in eastern Yukon andwestern Northwest Territories. Management believes that this area,which is underexplored for RIRGS deposit types, has the potential tobe the next frontier for the discovery of these large goldsystems.
ON BEHALF OF THE BOARD
Simon Ridgway,
CEO and Director
Tel: (604) 8 01-5432; Fax: (604)662-8829
Email: info@goldgroup.com
Website: www.racklametals.com
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accept responsibility for theadequacy or accuracy of this news release.
Forward-Looking Information
Certain statements contained in thisnews release constitute forward-looking statements within the meaningof Canadian securities legislation. All statements included herein,other than statements of historical fact, are forward- lookingstatements and include, without limitation, the Company’s futureexploration activities; and general business and economic conditions.Often, but not always, these forward looking statements can beidentified 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”, orstatements that events, “could” or “should” occur or beachieved and similar expressions, including negativevariations.
Forward-looking statements involveknown and unknown risks, uncertainties and other factors which maycause the actual results, performance or achievements of the Companyto be materially different from any results, performance orachievements expressed or implied by forward-looking statements. Suchuncertainties and factors include, among others, changes in generaleconomic conditions and financial markets; the Company or any jointventure partner not having the financial ability to meet itsexploration and development goals; risks associated with the resultsof exploration and development activities, estimation of mineralresources and the geology, grade and continuity of mineral deposits;unanticipated costs and expenses; and such other risks detailed fromtime to time in the Company’s quarterly and annual filings withsecurities regulators and available under the Company’s profile onSEDAR+ at www.sedarplus.ca .Although the Company has attempted to identify important factors thatcould cause actual actions, events or results to differ materiallyfrom those described in forward-looking statements, there may be otherfactors that cause actions, events or results to differ from thoseanticipated, estimated or intended.
Forward-looking statements containedherein are based on the assumptions, beliefs, expectations andopinions of management, including but not limited to: that theCompany’s stated goals and planned exploration activities at itsproperties will be achieved; that there will be no material adversechange affecting the Company, its properties or its securities; andsuch other assumptions as set out herein. Forward-looking statementsare made as of the date hereof and the Company disclaims anyobligation to update any forward-looking statements, whether as aresult of new information, future events or results or otherwise,except as required by law. There can be no assurance thatforward-looking statements will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such statements. Accordingly, investors should notplace undue reliance on forward-looking statements.
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