11:17:09 EDT Wed 01 May 2024
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Rackla Metals Inc (2)
Symbol RAK
Shares Issued 58,201,308
Close 2023-07-06 C$ 0.26
Market Cap C$ 15,132,340
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Rackla Metals begins drilling Astro project

2023-07-06 07:12 ET - News Release

Mr. Simon Ridgway reports

RACKLA METALS COMMENCED DRILLING ON FLAGSHIP ASTRO PROJECT, WESTERN NORTHWEST TERRITORIES, CANADA

Drilling has commenced at the Radio target at Rackla Metals Inc.'s flagship Astro project, located in the Tombstone gold belt, Northwest Territories, as part of the maiden 3,000-metre drill program.

Initial drilling will focus on the intrusive body that underlies a large 1,200-metre by 750-metre strong gold/bismuth/arsenic anomaly hosted in the soils and talus fines of a broad valley. Recent mapping in the vicinity of the anomaly where there is limited outcrop, has defined numerous areas of sheeted quartz/arsenopyrite veining trending 30 degrees. The drilling at Radio will use this mapping to orient initial drill holes.

Scott Casselman, vice-president of exploration, commented: "With drill targets delineated, construction of a series of drill pads well ahead of the drill and drilling under way, our team is focused on discovery. Our crews are finding good exposure in the Astro intrusive body and are observing significant structural information from surface mapping. The drill will be targeting recently discovered sheeted quartz-arsenopyrite veining."

Rackla is currently the only company exploring the western portion of the Northwest Territories for this style of gold deposit and the company is steadily increasing its footprint in the area.

Qualified person

Scott Casselman, BSc, PGeo, vice-president of exploration of the company, is a member of the Association of Professional Engineers and Geoscientists of British Columbia and is the company's qualified person as defined by National Instrument 43-101. Mr. Casselman has reviewed and approved the technical information contained in this news release.

About Rackla Metals Inc.

Rackla Metals is a junior gold exploration company based in Vancouver, Canada. The company is targeting RiRGS (reduced-intrusion related gold system) mineralization on the southeastern part of the Tombstone gold belt in eastern Yukon and western Northwest Territories. Management believes that this area, which is underexplored for RiRGS deposit types, has the potential to be the next frontier for its discovery.

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