(TheNewswire)
Vancouver, British Columbia -- TheNewswire – August25, 2022 – Rackla Metals Inc. (TSXV:RAK) (OTC:RMETF) is pleased to provideadditional information regarding the Company’s staking of 3 claimgroups targeting intrusive related gold mineralization in theNorthwest Territories, Canada. The staking includes 14 claimscovering approximately 11,500 ha and targets the extension of theTombstone terrain from the Yukon Territory into the NorthwestTerritories.
Following the significant intrusive related golddiscovery made by Snowline Gold Corp at the Rogue project within theTombstone Gold Belt, Yukon Territory, Rackla’s teams have used theirhistoric experience in the district to trace the geology andgeophysics 90km southeast across the Yukon-NWT border. The 14 claimsare located 11 to 26km east of the Canol Road and Macmillian Passairstrip, providing access to the properties.
Figure 1. Project Location
Multiple intrusive bodies belonging to the Tombstone Plutonic Suitehave intruded the Selwyn basin sediments within the Rackla claims.These intrusives range from syenite to granodiorite in composition(e.g. Duncan, 1999), though most are classified as granites (Cecile,1989). Several large, polyphase plutons to 10 kilometres in diameterare accompanied by smaller stocks with surface exposures less than akilometre. Conspicuous zones of contact metamorphism surround most ofthe intrusions within the area of the claim blocks staked.
Previous work by operators in the Yukon on the otherside of the divide have recorded significant stream sediment goldanomalism that appear to be draining several of the intrusive bodieswithin the NWT and recent mapping has identified stock-worked andveining within the intrusive bodies, especially so in the recessiveareas where the intrusive bodies form valleys (see photos onRackla’s website).
The intrusive bodies and gossanous contacts within theRackla claims are as yet unexplored. Rackla plans to complete adetailed airborne magnetic program, prospecting and geological mappingin the months remaining for the current field season.
Qualified Person
Bruce Smith, M.Sc. (Geology), a member of theAustralian Institute of Geoscientists, is Rackla’s Qualified Personas defined by National Instrument 43-101, Standards of Disclosure forMineral Projects. Mr. Smith prepared and approved the technicalinformation contained in this news release.
Simon Ridgway,
CEO and Director
Tel: (604) 801-5432; 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 press release.
Forward-LookingInformation
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, statements about the Company’s proposedexploration activities .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.sedar.com. 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 or its properties; and such otherassumptions as set out herein. Forward-looking statements are made asof the date hereof and the Company disclaims any obligation to updateany forward-looking statements, whether as a result of newinformation, future events or results or otherwise, except as requiredby law. There can be no assurance that forward-looking statements willprove to be accurate, asactual results 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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