(TheNewswire)
Vancouver, British Columbia - TheNewswire - July 5, 2023 - Rackla Metals Inc. (TSX-V:RAK) (the " Company ") ispleased to announce its recent staking of mineral claims in theTungsten District of the Tombstone Gold Belt, encompassingapproximately 10,000 hectares on two claim blocks. The Company hasidentified a large area as prospective for Reduced-intrusion RelatedGold Systems deposits in the vicinity of the Cantung Mine.
Rackla has commenced the permitting process to explorethe properties from a road-accessible base of operations on the FlatRiver. An initial program of ground proofing with geological mappingand prospecting, stream sediment sampling, and geophysical surveyswill assess the full potential of these mineral claims.
Rackla Metals’ CEO, Simon Ridgway, expressed hisenthusiasm for these new target areas, stating, “The review ofprevious work in the area of the Tungsten properties indicate againthat the intrusive stocks in this region of the Tombstone Gold Belthave the potential to host Reduced-intrusion Related GoldSystems (RiRGS) .Historical mapping and sampling have identified a number of areas thatwarrant investigation. We are confident in the untapped potential ofthis district and believe that our comprehensive exploration programwill generate some significant gold prospects.”
As Rackla Metals continues permitting and planning anexploration program on the new claims, it will proceed with theextensive program on the Astro Plutonic complex where drilling isprojected to start on July 5th (see news release June 29, 2023). TheCompany remains dedicated to advancing its existing targets in theeastern Yukon and western Northwest Territories.
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.
About Rackla
Rackla Metals Inc. (TSX-V: RAK) is a Vancouver, Canadabased junior gold exploration company. The Company is targetingRiRGS (Reduced-intrusion Related Gold System) 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 their discovery.
ON BEHALF OF THE BOARD
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-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, statements about theCompany’s proposed exploration activities. Often, but not always,these forward looking statements can be identified by the use of wordssuch 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 similarexpressions, including negative variations.
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 identifyimportant factors that could cause actual actions, events or resultsto differ materially from those described in forward-lookingstatements, there may be other factors that cause actions, events orresults to differ from those anticipated, estimated orintended.
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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