Rackla Provides Update on Lentung Tungsten Property Data Compilation and 2026 Exploration Program
(TheNewswire)
Extensive historical dataset supports a high-gradetungsten project with district-scale potential with a planned 10,000 mdrill program
Vancouver, British Columbia – TheNewswire - March 30, 2026– Rackla Metals Inc. (TSX-V: RAK) (the “Company”) is pleased toprovide an update on data compilation for its recently acquiredLentung tungsten property (previously known as Lened) in the NorthwestTerritories. The property was acquired by claim staking in late 2025.The property measures 19,600 hectares and is owned 100% by Rackla (seepress release, January 20, 2026).
Highlights:
Rackla has completed the compilation and digitizationof extensive historical datasets, including drilling, assays andtechnical studies.
Historical work by Union Carbide includes 26,900m ofdrilling across 178 holes, identifying 15 tungsten occurrences over a15km strike length, highlighting significant scale and upside.
Historical internal resource and feasibility workindicate robust economics, including average mill grades of 1.14%WO? and strong recovery assumptions.
Deposit ranks among the highest-grade tungsten skarnsystems globally and is located in close proximity to the world-classCantung and Mactung tungsten deposits.
Digitized data will support modern 3D geologicalmodelling, resource validation, and efficient targeting for upcomingdrilling programs.
2026 program to include 10,000m of drilling focused onconfirming historical resources and expanding near-surfacemineralization, targeting an NI 43-101 resource.
Historical drill results and othertechnical information in this release are based on prior operatorreporting and have not been independently fully verified by Rackla.Reported intervals are down-hole intervals and do not represent truewidths; further works are required to confirm this.
Between 1977 and 1982 Union Carbide ExplorationCorporation conducted a comprehensive exploration program on the Lenedproperty which included 26,900 m of diamond drilling in 178 holes, avariety of geochemical and geophysical surveys, detailed geologicalmapping, trenching, metallurgical, engineering, economic andenvironmental studies. This work led to the discovery of 15 tungstenoccurrences over a 15 km strike length and defined a resource that wasfor internal company purposes and not independently verified. Theresults prompted the company to prepare an internal feasibility studythat envisioned an open pit mine with mill throughput of 325tonnes/day operating 365 days/year. The average ore grade to the millwas estimated at 1.14% WO3, with 80% tungsten recovery to produce a 65% WO3 concentrate.
Early in 1982, Union Carbide submitted the project tothe Federal Environmental Assessment and Review Process (EARP) seekinga mine permit. However, due to declining tungsten prices, the companywithdrew the application and paused all activities at the site. In1984, a subsidiary of Union Carbide suffered a major environmentaldisaster at its pesticide plant in India. Struggling financially,Union Carbide was eventually taken over by Dow Chemical Corporation in1999. There has been no exploration on the deposit since 1982.
Rackla has acquired the original Union Carbide filesincluding original drill logs, assay sheets, mylar maps,metallurgical, environmental, resource, economic, and geophysicalstudies. Since December, the Company has been scanning the files,performing Optical Character Recognition (OCR) and digitizing of thedata. This data will be incorporated in 3D modelling software in thecoming months and will be used to aid with defining the 2026 drillingprogram for quality checks and resource confirmation. The drillcore from the 1970’s and 1980’s drillingcampaigns remained on the property and Rackla is planning for recoveryand re-sampling in the summer of 2026.
The review of the files to date has shown a qualitydataset that is confirming a robust deposit with high-grade open pitpotential. The historical resource estimate by Union Carbide wascalculated for 3 of the 15 tungsten occurrences on the Lened Propertyand ranks as one of the highest-grade tungsten skarn deposits in theworld according to the US Geological Survey ranking of tungsten skarndeposits and it is located in a region that is renowned to host worldclass tungsten deposits which include the past producing Cantung mineand the Mactung deposit (Figure 1).
Figure 1 – USGS, Gradeand Tonnage Model for Tungsten Skarn Deposits—2020 Update.*
* Green, C.J., Lederer, G.W., Parks,H.L., and Zientek, M.L., 2020, Grade and tonnage model for tungstenskarn deposits—2020 update: U.S. Geological Survey ScientificInvestigations Report 2020–5085, 23 p., https://doi.org/ 10.3133/sir20205085.
The tungsten mineralization at Lentung is hosted inaltered limestone along the margins of Cretaceous alkalic (quartz monzonite) intrusions belonging tothe Tungsten Suite (Lened, CAC and Rudi plutons, Figure 2).Mineralization consists of the tungsten mineral scheelite with minorcopper and gold associated with the skarns. The mineral resource wascalculated on the Emma, Western Skarn, and Stephen’s Ridgeoccurrences. Figures 3 through 5 demonstrate the open pit potential ofthe mineralization.
Figure 2 – Lened propertymineralized showings, drill hole locations and Cretaceousintrusions.
Figure 3 – Emma Zone drill holecross section.
Figure 4 – Western Skarn drillhole cross section.
Figure 5 – Stephen’s Ridge drillhole cross section.
Elsewhere on the property tungsten skarn mineralizationis observed where the quartz monzonite intrusions interact withlimestone-bearing units to form an additional twelve skarnoccurrences. These occurrences have undergone only minor explorationand drilling and further work on these is planned to determine if theycould contain additional resources. Also, elsewhere on the propertywhere the intrusions encounter carbonate rocks like limestone anddolomite there is potential for tungsten skarn mineralization andRackla will be exploring this potential. Table 1, below lists some ofthe highlights from each of these other zones.
Table 1 – Lened tungstenoccurrences potential for resources.
Rackla’s plans for its 2026 program on the propertyare to complete 10,000 m of drilling with approximately half of thedrilling to be directed towards confirming the historical resourcesand for QAQC purposes. This will also include LiDAR of the resourcearea for topographic control and surveying of all drill holelocations. The goal would be to produce an NI 43-101 resource estimateby the end of 2026, or early 2027. The remaining 5,000 m of drillingwill be directed towards expanding the resource with a particularfocus on near-surface, open pittable resources.
Rackla will also be conducting archaeological andenvironmental studies to initiate the studies necessary for a minepermit application and to de-risk the project. This work will add tothe historic studies that Union Carbide initiated and will includewater, wildlife, vegetation and socio-economic studies.
Investor Relations Agreement
The Company has entered into a service agreement withCanadian Mining Report of Pemberton, BC who will undertake InvestorRelations Activities, as such term is defined in TSX Venture Exchange(“TSXV”) Policy 3.4 - Investor Relations, Promotional and Market-MakingActivities, on behalf of the Company. Theservices will be provided over a period of five months. CanadianMining Report is a digital publication focused on the mining andmetals sector, and junior Canadian miners, and provides digitalmarketing strategies and services.
Under the agreement, Canadian Mining Report willprovide editorial content coordination and publishing, and mediaadvertising design and management on selected platforms. CanadianMining Report will receive an aggregate of US$81,000 for the servicesto be provided, of which $6,000 has been paid to date from theCompany’s general working capital.
The founder and publisher of Canadian Mining Report isTravis Grier. Canadian Mining Report is at arm’s-length to theCompany. To the Company’s knowledge, Canadian Mining Report andits principals have no interest, directly or indirectly, in theCompany or its securities, or any right or present intent to acquireany such securities. The agreement with Canadian Mining Report issubject to TSXV approval.
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 exploration company. The Company is targeting tungsten,gold and rare earth minerals in the southeastern part of the TombstoneGold-Tungsten Belt in eastern Yukon and western Northwest Territories. This region is known to host world-class gold and tungstendeposits.
ON BEHALF OF THE BOARD
Simon Ridgway,
CEO and Director
Tel: (604) 801-5432; Fax: (604) 662-8829
Email: info@racklametals.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’sexploration and development plans for the Lentung Property; andgeneral business and economic conditions. Often, but not always, theseforward looking statements can be identified by the use of words suchas “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, whether explorationand development plans for the Lentung Property will proceed asanticipated; changes in general economic conditions and financialmarkets; the Company or any joint venture partner not having thefinancial ability to meet its exploration and development goals; risksassociated with the results of exploration and development activities,estimation of mineral resources and the geology, grade and continuityof mineral deposits; unanticipated costs and expenses; and such otherrisks detailed from time to time in the Company’s quarterly andannual filings with securities regulators and available under theCompany’s profile on SEDAR+at www.sedarplus.ca. 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 and developmentactivities at its properties will be achieved; that there will be nomaterial adverse change affecting the Company, its properties or itssecurities; and such other assumptions as set out herein.Forward-looking statements are made as of the date hereof and theCompany disclaims any obligation to update any forward-lookingstatements, whether as a result of new information, future events orresults or otherwise, except as required by law. There can be noassurance that forward-looking statements will prove to be accurate,as actual results and future events could differ materially from thoseanticipated in such statements. Accordingly, investors should notplace undue reliance on forward-looking statements.
Copyright (c) 2026 TheNewswire - All rights reserved.
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