Rackla Metals Inc. announced that the Company has intersected significant gold mineralization from its maiden diamond drill program on its 100% owned HIT property in Yukon. The HIT property is located in the Tombstone Gold Belt at the Yukon-NWT border and is accessible from the North Canol road. The property is centered around the Canol Trail Stock, a monzogranite intrusion belonging to the Cretaceous-aged Tungsten Suite intrusions.

Cretaceous intrusions in the Tombstone Gold Belt host significant gold deposits such as the Fort Knox Mine in Alaska (12.1 Moz gold), the Eagle Mine in Yukon (7.8 Moz gold) and the newly discovered Valley gold occurrence belonging to Snowline Gold Corp. Rackla completed a comprehensive program at HIT in 2023, including stream sediment, soil, talus and rock sampling, prospecting, geological mapping, and airborne geophysics to define drill targets. The 2023 program culminated with the drilling of 997 m in 5 holes on 4 separate targets.

Theses were the first holes ever drilled into the Canol Trail Intrusive stock. Below is a summary of significant drill intercepts: Holes HIT-003 and HIT-004 were drilled from the same pad, in opposite directions in the vicinity of the Mehitabel Prospect, which was historically identified as a copper-gold skarn mineral occurrence in the sedimentary rocks at the margin of the Canol Trail Stock. The work by Rackla has shown that there is much more to the occurrence.

Mapping and prospecting on surface identified an abundance of sheeted quartz- sulphide veining in the intrusion that has been mapped in exposed outcrop over an area that measures 2.2 km by 1.2 km. Soil and talus sampling in the area of the occurrence has defined a gold-bismuth-arsenic anomaly that measures 1.5 km by 1.0 km and is open to the northwest and to the southeast. The airborne geophysical survey returned the characteristic magnetic signature of Tombstone Gold Belt RIRGS occurrences: a magnetic low overlying the centre of the intrusion, with magnetic high shoulders around the margins of the intrusion where the sedimentary country rock has been metasomatized and the hornfelsed aureole is enriched in the magnetic mineral pyrrhotite.