Rackla Metals reports drilling has commenced at BiTe and provides initial core observations
(TheNewswire)
Vancouver, British
Columbia – July 14th, 2025 – Rackla Metals Inc. (TSX-V: RAK) is
pleased to announce that drilling and has commenced at the BiTe zone
on the Grad property NWT.
The Grad property was staked in July of 2024, and
immediate prospecting defined strong gold mineralization at the base
of the south facing cliff. Further sampling in August identified
significant sheeted veining hosted in the intrusive and that combined
with the gold, bismuth and tellurium geochemistry made it clear that
we had discovered a compelling Reduced Intrusion-related Gold Systems
(RIRGS) occurrence that had never previously been identified or
staked. A UAV (drone) based photogrammetric survey and Airborne
geophysical survey were conducted late in the 2024 season. The
photogrammetry revealed that sheeted veining and alteration could be
observed over a large area, both vertically and laterally outward from
the initial discovery, known as the BiTe zone. A 4,000m diamond drill
program has been initiated to test this gold system.
Three drill pads have been prepared at BiTe to test
300m of the zone. A fourth pad has been located along strike of the
vein system south of the first pad closer to the intrusive/sediment
contact where subcrop sampling of the intrusive returned 1.8 g/t Au.
The drill holes are planned to depth between 200 and 500m, testing the
zone laterally with two holes per pad. Holes from pad B and pad D will
test 85 and 100m vertically below holes G25-001 and 002 (see Figure
1).
Click Image To View Full Size
Figure 1 – Map of the drilling in progress and nextpads.
The first drill hole G25-001 has been drilled to 208mand the second hole G25-002 is currently being drilled, current depthat 48m. The core shows a consistent set of sheeted veining, withdensity averaging between 5 to 10 veins per metre, containing bismuthsulphides, chalcopyrite and pyrrhotite. Sections of stronglysericitized quartz diorite have been observed with 5% disseminatedbismuth sulphides (see Figure 2 and 3).
Click Image To View Full Size
Figure 2 – G25-001 core from 59.50m to 73.00m showingsheeted veins in granodiorite and strongly sericitized quartz dioritewith disseminated bismuth sulphides.
Click Image To View Full Size
Figure 3 – G25-001 core boxes showing strong sheetedveining and cross-cutting sets.
To confirm vertical continuity of the gold-bearingsystem to the ridge top, 350m above the drill, a team ofmountaineering geologists are working on high-angle (rope supported)spot, chip and channel sampling. Their focus is to sample bothvertically and across-strike up to 150m below the ridge top on boththe south and north faces of the ridge. Work has commenced on thenorth face and distal to the core BiTe zone while the drilling isongoing at BiTe.
Permits and Program Supports
The Grad Project is fully permitted for the 2025exploration season. The company obtained a five-year, Type A Land UsePermit from the Sahtu Land and Water Board in April of this year, withpotential for a two-year extension. This allows Rackla tosignificantly advance exploration efforts, beginning with drilling atthe BiTe Zone - a high priority target showing early promise.
All contracts are in place to support the program. TheRackla team will be supported by Horizon Helicopters, Tintina Air,Minconsult Exploration Services, Kluane Diamond Drilling, AFDPetroleum, Trailblazer Expediting, Smalls Expediting, and SelwynChihong Mining Ltd.
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 theNorthwest Territories and Nunavut Association of ProfessionalEngineers and Geoscientists and is the Company’s Qualified Person asdefined by National Instrument 43-101. Mr. Casselman has reviewed andapproved the technical information contained in this newsrelease.
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) 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 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”, 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.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.
Copyright (c) 2025 TheNewswire - All rights reserved.
