Rackla Metals is pleased to announce that the Company has completed its 2023 exploration program that included 3,039 m of diamond drilling in 17 holes focused on Reduced Intrusion-Related Gold Systems at the Astro intrusive complex, in the eastern Selwyn Basin of Yukon and NWT. The Astro intrusive complex is comprised of the Astro, HIT and SER properties. Twelve holes were drilled on the Astro property and 5 holes were [...]
Rackla Metals is pleased to announce the closing of its previously announced private placement financing for aggregate gross proceeds of C$2,786,475. Under the Offering, the Company sold 5,769,000 flow-through units of the Company and 4,800,000 non-flow-through units of the Company. Each Flow-Through Unit consists of one common share of the Company that will qualify as a "flow-through share" within the meaning of [...]
Rackla Metals is pleased to announce that the Company has commenced diamond drilling at the HIT property, Yukon. The drilling at HIT is part of the previously announced 3,000 m drill program focussed on targeting a Reduced Intrusion-related Gold System in the intrusive bodies at the Astro plutonic complex. The Company plans to drill 1,000 m in 5 holes at HIT on targets identified by airborne geophysics [...]
Rackla Metals Inc. is pleased to announce that it has entered into a letter agreement with 3L Capital Inc. and Canaccord Genuity Corp., as co-lead agents and co-bookrunners, to sell, on a "best efforts" agency basis, up to $3,000,000 in equity securities of the Company consisting of a combination of units of the Company at a price of $0.275 per Flow-Through Unit, with each Flow-Through Unit consisting of one common share [...]
Rackla Metals is pleased to announce that the Company has completed 1,687 m of diamond drilling in 10 holes at the Company's flagship Astro project, as of August 8th. The 3,000 m drill program is focussed on targeting a Reduced Intrusion-related Gold System in the intrusive bodies at the Astro plutonic complex. To date, drill core samples from the first 8 holes have been sent to ALS Global in Whitehorse, Yukon for [...]
Rackla Metals is pleased to announce that drilling commenced at the Radio target at the Company's flagship Astro project, located in the Tombstone Gold Belt, Northwest Territories as part of the maiden 3000m drill program. Initial drilling will focus on the intrusive body that underlies a large 1,200m by 750m strong Gold/Bismuth/Arsenic anomaly hosted in the soils and talus fines of a broad valley. Recent mapping in the [...]
Rackla Metals is pleased to announce its recent staking of mineral claims in the Tungsten District of the Tombstone Gold Belt, encompassing approximately 10,000 hectares on two claim blocks. The Company has identified a large area as prospective for Reduced-intrusion Related Gold Systems deposits in the vicinity of the Cantung Mine. Rackla has commenced the permitting process to explore the properties from a [...]
Rackla Metals is pleased to announce that field crews have mobilized to the Company's flagship Astro project and is on schedule with plans to commence its maiden 3000m drill program in July. 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 and Northwest Territories. Rackla's primary target at [...]
Rackla Metals is pleased to announce that it has staked 146 quartz claims, an area approximately 30.5 square kilometers or 3,050 hectares, in the Tombstone Gold Belt, Yukon. These claims are known as the Excite Property and are located 40 km west of Snowline Gold's Valley discovery and 115 km west of Rackla's Astro project. A map indicating the location of these new claims may be viewed below. Figure 1. Excite Property [...]
Rackla Metals is pleased to announce that plans for the 2023 exploration program at the Astro, HIT, SER, Jos and Rak Main properties are well underway. The Company has a permit for the drill program at Astro and has recently received approval of the Class 1 Notification for work on the HIT and SER properties in Yukon. The planned work program on the Jos and Rak Main properties is below the threshold required for a permit [...]
Rackla Metals announces that Bruce Smith has stepped aside from his position as interim President of Rackla Metals, in order to focus on his role as CEO and President of Radius Gold Inc. Simon Ridgway will continue in his role as CEO of the Company. Scott Casselman, Rackla's recently appointed VP Exploration, has taken responsibility for the team building and development of the Company's exploration programs and has [...]
Rackla Metals is pleased to announce it has increased the size of the Astro property with the staking of claims that cover 822 hectares. This new claim block connects the Company's land holdings between the Hit and the Astro border intrusive centres, where strong stream geochemistry and geophysics indicate a relationship between these two exposed intrusive bodies. Over the past few months, the Company has worked up the [...]
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