04:21:05 EST Sun 08 Feb 2026
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Rackla Metals Inc (2)
Symbol RAK
Shares Issued 143,163,691
Close 2025-08-19 C$ 0.70
Market Cap C$ 100,214,584
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Rackla expands NWT drilling, awaits assay results

2025-08-19 16:29 ET - News Release

Mr. Simon Ridgway reports

RACKLA METALS IS PLEASED TO PROVIDE AN UPDATE ON DRILLING AT GRAD AND OTHER DEVELOPMENTS ON PROPERTY HOLDINGS IN THE NWT

Rackla Metals Inc. continues to make good progress on its 2025 exploration program in Western Northwest Territories. The drill plan has been increased by 25 per cent to 5,000 metres due to encouraging observations in the drill core and surface work that has extended the mineralized zone at the BiTe showing significantly to the west and at depth.

  • The drill is presently on hole G25-008, with a target depth of 500 m.
  • Abundant sheeted veining has been observed in all drill holes completed to date.
  • Bismuth sulphide mineralization has also been observed in all holes.
  • Samples from holes G25-001 through 007 have been submitted to the lab and the company awaits the analytical results.
  • Based upon the results of the regional exploration program the company has increased land holdings in the region.

As of Aug. 18, over 3,100 m have been drilled with seven holes completed, testing an area measuring 500 by 300 by 550 m. The drill is currently on hole G25-008.

All holes drilled to date have intersected a consistent set of sheeted quartz/sulphide plus tourmaline veins throughout their length. A broad zone with intense quartz and quartz-tourmaline veining and elevated bismuth content was intersected at the top of holes G25-004 and 005. This zone has been intersected in holes G25-006 and 007, 125 m west of G25-004 and 005. The zone shows good continuity and appears robust with increasing strength and width as the intercepts get deeper. Hole G25-008 is targeting the same zone north of the intercept in holes G25-006 and 007.

Completed holes G25-001 to 007 are at the lab, with results from holes G25-001 to 003 expected within the coming week. The company expects a steady flow of results following that.

Rackla continues working from the ridge, sampling the north, south and west face of the cliff above BiTe. Recent mapping is indicating a metal zonation with the large gossanous zone on the ridge top being arsenic rich, and the topographically lower west and east ridges being bismuth rich (assays pending).

This zonation is believed to indicate that the ridge top has seen very little erosion, and the carapace zone is mostly intact based on the reduced intrusion-related gold system model.

Rackla is working in consultation with the Sahtu Dene and Metis communities, and remains committed to maintaining the respectful, collaborative relationships the company has built with the Sahtu. As the company advances exploration at the Grad project, the company will continue working closely with local stakeholders and regulatory agencies to ensure its activities create long-term value and reflect community priorities.

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 Vancouver, Canada-based, junior gold exploration company. The company is targeting reduced intrusion-related gold systems (RIRGS) 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 the discovery of these large gold systems.

We seek Safe Harbor.

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