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These results include analyses for drill core from the 17-hole, 3,000 m drill program, rock, soil and stream sediment samples from the three properties in the
Figure 1:
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Astro Property
The Astro property is centered around the Border Pluton, a granodiorite intrusion belonging to the Cretaceous-aged Tombstone Suite. The pluton measures 6.7 by 7.0 km and has an intensely metasomatized contact aureole around its margins, typical of gold-bearing Tombstone Gold Belt occurrences. Prior exploration has identified 5 gold-bearing skarn occurrences along the margins of the intrusion in the hornfels contact aureole (the Radio, Ultraviolet, Microwave, Gamma and Infrared occurrences). Stream sediment, soil, talus and rock sampling on the property has returned numerous samples containing anomalous gold with a strong correlation with bismuth, tellurium, arsenic andtungsten. This chemical association has led Rackla to believe that the mineralizing system at Astro is related to a RIRGS.
The 2023 exploration season was Rackla’s first on the property. Rackla completed a comprehensive program including stream sediment, soil, talus and rock sampling, prospecting, geological mapping, airborne and ground geophysics and diamond drilling. This first pass exploration program by the Company has been successful in refining the understanding of three of the previously identified occurrences (Radio, Ultraviolet and Microwave) and identified 3 new targets within the intrusion: the
The drill program was primarily focused on the Radio-Ultraviolet target areas, where 10 of the 12 holes were drilled. The two remaining holes were drilled on the
The exploration program on the Radio and Ultraviolet targets defined a gold-arsenic talus-fine geochemical anomaly that measures 750 x 450 m in the valley between the two occurrences. This anomaly is open to the south. Six drill holes tested this anomaly (AST-001, -003, -004, -006, -007, and -008). The best results from the drilling were hole AST-004 (34.12 m @ 0.261 g/t Au) and hole AST-007 (3.05 m @ 3.465 g/t Au with 4174 ppm As). Exploration in the Radio-Ultraviolet valley has returned a large area with significantly anomalous gold in soil samples and rock samples. The Company is of the opinion that the 2023 drill results do not fully explain the source of these gold anomalies and believes that more work is required to understand the anomalies.
At the Radio skarn, the Company conducted prospecting, geological mapping, rock sampling, ground magnetic and electromagnetic surveys and drilled 3 holes (AST-002, -005 and
At the Ultraviolet target, Rackla conducted prospecting, geological mapping, rock sampling, ground magnetic and electromagnetic surveys and drilled one hole (AST-009). The geophysical survey defined a small magnetic body indicating that the target may be limited in size. Hole AST-009 returned a single intercept of 1.53 m containing 0.44 g/t gold with 62 ppm bismuth. No further work is planned on this target at this time.
The X-ray anomaly is defined by a series of anomalous gold-in-stream sediment anomalies, a gold-in-talus anomaly, rock samples that returned up to 2.5 g/t gold and the observation of sheeted quartz-sulphide veins. Only a limited amount of work was conducted in the area and more work is planned for 2024 on this target to define it further.
The Photon anomaly is in the valley south of the X-ray anomaly and northwest of the Gamma skarn. Photon has only had a minor amount of work, consisting of stream sediment sampling and prospecting. The stream sediment sampling returned moderately anomalous gold values with coincident bismuth and arsenic. A large 3m boulder located in the creek with sheeted quartz/sulfide veining returned results of 4.6 g/t gold with 2690 ppm bismuth. This was late in the season but clearly more work is planned to follow-up on these results in 2024.
Rackla is encouraged by these results, particularly because the coincidence of bismuth and arsenic with the gold corroborates the belief that the mineralizing system at Astro is caused by a RIRGS system. The Company plans to do more work on the property in 2024 to further refine these targets and determine if there is a significant mineralizing centre at Astro.
Figure 2: Astro Property compilation map with 2023 drill hole locations.
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SER Property
The SER property covers the Kelvin Stock, a biotite-hornblende-clinopyroxene granite belonging to the Tombstone Suite. The granite intrudes and alters sedimentary rocks and like the other intrusions in the Complex, has a prominent metasomatized contact aureole.
Three mineral occurrences have been identified on the property: the
Talus-fine sampling has also identified an area of anomalous bismuth at the head of the valley. The SER property has not yet been drill tested.
Figure 3: SER Property compilation map.
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HIT Property
The HIT property is centered around the Canol Trail Stock, a monzogranite intrusion belonging to the Cretaceous-aged Tungsten Suite. Rackla completed a comprehensive program at HIT in 2023, including stream sediment, soil, talus and rock sampling, prospecting, geological mapping, airborne geophysics and drilled 997 m in 5 holes on the property. The results of the drill program included 129.8 m grading 0.248 g/t gold in hole HIT-003 and 45.5 m grading 0.516 g/t gold in HIT-004 (
Figure 4: HIT Property drill holes HIT-003 and -004 cross section with gold intercepts and density of sheeted veins.
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Figure 5: HIT Property drill holes HIT-003 and -004 cross section with gold, bismuth, tungsten, tellurium and arsenic.
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The soil and talus fine sampling program at HIT defined a large gold-bismuth-arsenic anomaly to the west of drill holes HIT-003 and HIT-004. This anomaly is open to the south and north. Prospecting androck sampling at HIT has returned 11% of the samples containing greater than 0.5 g/t gold (45 samples > 0.5 g/t Au), with the highest value being 26.5 g/t gold. There is a strong correlation between gold, bismuth, tellurium and arsenic in rock and drill core samples.
Figure 6: HIT Property compilation map.
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Rackla is encouraged by the results of their first summer of exploration in the
Analytical Procedure
Drilling was generally performed with NQ2-sized equipment. Occasionally drill holes were collared with HQ2-sized equipment if ground conditions were difficult. Drill core was systematically logged for geological attributes, photographed and sample intervals identified by a geologist at Rackla’s field camp. Samples were generally sampled at 1.5 m intervals, but occasionally shorter intervals were sampled to isolate features of interest. Samples were collected by cutting the core in half along the axis of the core. Field duplicates were collected at regular intervals by cutting the half core to be sent to the lab into two ¼ core samples, each with unique sample numbers leaving a consistent record of half core material in the core box. Standard reference materials were inserted by Rackla personnel at regular intervals into the sample stream. Samples were delivered by expeditor to ALS Global preparatory facility in
At the lab, drill core samples were crushed by ALS to >75% passing below 2 mm and split using a riffle splitter. 250 g splits were pulverized to >85% passing below 75 microns. 0.5 g of the sample pulps were digested with aqua regia and analyzed by an inductively coupled plasma mass spectroscopy and inductively coupled plasma atomic absorption spectroscopy (ICP-MS+ICP-AES) finish for 51-element analysis (ALS code: ME-MS41). All samples were analysed for gold content by fire assay with a gravimetric finish on 50 g samples (ALS code: Au-GRA22).
For the purposes of this release, mineralized intervals are defined as runs of mineralization >0.1 g/t Au.
Qualified Person
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, gradeand 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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