Rackla Metals is pleased to update on developments at Grad Property, NWT
(TheNewswire)
Vancouver, British
Columbia – July 8, 2025 – TheNewswire -
Rackla Metals Inc. (TSX-V: RAK) (the
“Company ”) is pleased to announce that its
2025 exploration program at the BiTe zone is underway.
Geological mapping and sampling has commenced
Drill pad construction is underway
The drill will be mobilized to first drill pad on July
8thA field camp has been established 1 km west of the BiTe
zone
Following along the base of the cliff from the 2024
BiTe discovery outcrop, the geological team has extended mapping and
sampling along the western extension of the 550m talus anomaly.
Mapping to date has extended the occurrence of sheeted veins for an
additional 300m to the west of the original discovery. Multiple vein
sets have been identified cutting the intrusion throughout this area.
Sheeted vein sets are of quartz and quartz-tourmaline with bismuth
sulphide minerals observed in both. (Figures 1 and 2). Channel
sampling is underway across the full extent of this area to test the
extensions to the BiTe zone.
Figure 1 – Director of Rackla
observing sheeted veins at the base of the cliff west of the BiTe
zone.
Click Image To View Full Size
Figure 2 – Gossanous outcrop atBiTe with cross-cutting veinsets which contain bismuth sulphides.
Click Image To View Full Size
Sampling has commenced on the ridge top 450m to thenorth and 350m vertically above the BiTe zone. A large gossan andmineralized veins on the ridge are evidence of a large hydrothermalsystem. The quartz & quartz-tourmaline veins have been observedalong the entire 160m length of ridge line that has been walked todate and these can be seen extending downwards on both the north andsouth cliff faces (Figure 3). Geologists working with ropes willstart mapping and continuous chip sampling these slopes nextweek.
Click Image To View Full Size
Figure 3 – Strong oxidation ofthe altered intrusive on the south face of the ridge top aboveBiTe.
The 2025 program will include additional follow-upsurface exploration at Grad and in the broader region withmountaineering geologists, excavator trenching and a 4,000m maidendrill program focused on the BiTe target. Drill pad construction hascommenced and diamond drilling will commence in the next few days.
Also, the Company has received confirmation from theNorthwest Territories Mineral Incentive Program (MIP) that the Companyqualifies for $180,630 in funding for the program, which the Companymust match on a 60:40 basis (MIP:Rackla). This funding will assistRackla to evaluate the broader region where the Company has identifiednumerous exciting targets.
Permits and Program Supports
The Grad Project is fully permitted for the upcoming2025 exploration season. The Company obtained a five-year, Type A LandUse Permit from the Sahtu Land and Water Board, supporting the maidendrill program. The Permit, with a potential for a two-year extension,allows Rackla to significantly advance its exploration efforts.
All contracts are in place to support the program. TheRackla team will be supported by Horizon Helicopters Inc., Tintina AirInc., Minconsult Exploration Services, Kluane Diamond Drilling Ltd.,AFD Petroleum Ltd., Trailblazer Expediting Inc., Twilite ServicesLtd., and Selwyn Chihong Mining Ltd.
BiTe Zone
The BiTe zone occurs within North Nahanni Pluton, aCretaceous-age, Mayo Suite felsic intrusion and is defined by a broadquartz-sericite alteration zone with intense quartz-tourmaline andquartz-sulfide veining in the intrusive. The intense veining hasshattered the intrusive body to almost a schistose appearance. Resultsof the rock sampling returned significant gold grades, up to 92 g/tAu, with many rock samples returning multi-gram gold. A continuouschannel sample taken at the base of the cliff face returned 38maveraging 1.8 g/t Au.
The gold mineralization is associated with bismuth,tellurium +/- tungsten confirming that this is certainly a ReducedIntrusive-Related Gold System (RIRGS). Because of the anomalously highbismuth and tellurium associated with the gold, the discovery wasnamed the BiTe Zone.
The talus-fine sampling program identified a 550-metreinterval that returned an average concentration of 1.06 g/t Au, thecore zone of this talus interval was a 180-metre interval averaging3.68 g/t Au.
Regional Exploration
The confirmation of funding from the MIP programprovides supplementary financial assistance to the regional programbut more importantly is a positive indication of support from theNorthwest Territories Geological Survey. Regional crews are preparingto commence the sampling of several other target areas identified bylast year’s geochemical program. The program will include anextensive regional surface exploration campaign to test severalpotential RIRGS targets in the area. The program will include detailedstream sediment sampling, prospecting and rock sampling in the areathat has been identified as being highly underexplored but exhibitstremendous potential for new discoveries.
Rackla is working in consultation with the Sahtucommunities and remains committed to maintaining the respectful,collaborative relationships we’ve built in the area. As we advanceexploration at the Grad Project, we will continue working closely withlocal stakeholders and regulatory agencies to ensure our activitiescreate long-term value and reflect community priorities.
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 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 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.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.
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