(via TheNewswire)
Highlights:
The Astro plutonic complex includes the Astro, Ser and Hit projects and covers approximately 22,500 Ha along the highly prospective Tombstone Gold Belt within the
Yukon andNorthwest Territories .Rackla’s primary target at Astro, the Radio/UV target, benefits from extensive data that has been used to delineate an initial target for exploration.
Soil and talus fine sampling revealed a strong gold/bismuth anomaly covering an area over 1,200m by 700m
High-grade trench results that include up to 30 meters of 17g/t Au on surface.
Phase 1 drilling will follow up limited historic work where previous operators intersected gold mineralization within the underlying Tombstone Intrusive body (see figure 1), a feature that is now believed to be a primary host for mineralization in the district.
Rackla is well underway constructing a road accessible camp on the edge of the Astro Claims that will also service the Company’s various properties in the Tombstone Belt. The diamond drill is scheduled to arrive on the property the first week of July, and field crews will be commencing drill pad construction in the coming days to set up for initial drilling of the Radio/UV target.
The Radio/UV target was discovered by previous operators with a trench that returned 30 meters of over 17 grams per tonne gold and associated strong bismuth in hornfelsed sedimentary rocks overlying a Tombstone Suite granitoid. Soil and talus fine sampling throughout the valley below and up the adjacent hillsides defined a strong gold/bismuth anomaly covering an area over 1,200m by 700m with a significant number of samples running over 1 gram per tonne gold. Much of this area is underlain by an intrusive stock, and while the previous operator focused on testing the sedimentary rocks, it is the belief of Rackla geologists that it is the intrusive body that is the primary host to the gold mineralization. Initial drilling will test this hypothesis and combined with geological mapping will define any structural controls on the gold mineralization.
Figure1 - Cross section from Radio to UV Prospect showing minimal testing of highly anomalous Intrusive
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At least three intrusive bodies are present in the Astro plutonic complex and geophysics indicates multiple other buried extensions or separate bodies. Rackla believes that these intrusive bodies are the geological feature responsible for the +100km2area exhibiting strong gold in stream anomalies that has attracted previous operators to the region. The Company’s research has shown that little to no work has taken place within these intrusive stocks.
Figure2- Anomalous Gold in stream sediments surrounding Astro plutonic complex
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The Company will also be conducting an airborne geophysical survey (
The Company continues to acquire prospects in the belt and during the summer 2023 and we will also be advancing our other targets located in eastern
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About Rackla
ON BEHALF OF THE BOARD
CEO and Director
Tel: (604) 801-5432; Fax: (604) 662-8829
Email: info@goldgroup.com
Website: www.racklametals.com
Neither the
Forward-Looking Information
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward- looking statements and include, without limitation, statements about the Company’s proposed exploration activities. Often, but not always, these forward looking statements can be identified 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 similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company’s stated goals and planned exploration activities at its properties will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
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