(TheNewswire)
Vancouver, B C - TheNewswire - April 11, 2023 - Rackla Metals Inc. (TSXV:RAK) (the “ Company ”) is pleased to announce that plans for the 2023exploration program at the Astro, HIT, SER, Jos and Rak Mainproperties are well underway.
The Company has a permit for the drill program at Astroand has recently received approval of the Class 1 Notificationfor work on the HIT and SER properties in Yukon. The planned workprogram on the Jos and Rak Main properties is below the thresholdrequired for a permit.
Also, the Company has agreements in place for a campmanagement contractor (Archer Cathro and Associates Ltd.), an airbornegeophysical contractor (Precision GeoSurveys Inc.) and a diamond drillcontractor (Superior Diamond Drilling Inc.) for the 2023 explorationprogram.
Rackla Metals properties are within the Tombstone Gold Belt that extends through Alaska, Yukon and NorthwestTerritories. The Company‘s properties are located 70 km east ofSnowline Gold’s (CSE:SGD) Valley discovery; inproximity to the Yukon/NWT border. The geological target atValley and on Rackla’s properties is a Reduced Intrusion-RelatedGold System (RIRGS). Rackla is planning a comprehesive programincluding an airborne magnetic survey, photogrametric surveying, soiland stream sediment sampling, geological map ping,prospecting and a minimum of 3,000m of diamond drillng. The Companyanticipates that the exploration program will commence on or aroundJune 1.
Simon Ridgway, CEO, commented that“We are pleased with the pace of our progress in permitting andhiring contractors in preparation for our exploration program plannedfor this June that includes a minimum of 3,000m of diamond drilling. Recent, continued investment by other companies in the easternTombstone Gold Belt in gold exploration, development and acquisitioncombined with what looks to be a strengthening gold market is alsoencouraging.”
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.
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, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly,investors should not place undue reliance on forward-lookingstatements.
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