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Rackla Metals announces continual chip sampling results of 38 m at 1.8 g/t gold at the Grad Property in Northwest Territories
(TheNewswire) Vancouver, British Columbia – TheNewswire - September 10, 20...
About this update from Rackla Metals Inc.
[{"type":"text","content":"Rackla Metals announces continual chip sampling results of 38 m at 1.8 g/t gold at the Grad Property in Northwest Territories \n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia –\n \n\n TheNewswire -\n \n\n September 10, 2024 – Rackla Metals Inc.\n(TSX-V: RAK) (the “Company\n \n\n ”) is pleased to\nannounce the results from continuous chip-channel sampling at the Grad\nProperty in the Northwest Territories (NWT). The channel sampling\nprogram was initiated to follow-up on the discovery of Reduced\nIntrusion-Related Gold System (RIRGS) style mineralization discovered\nlate this summer that returned 92.4 g/t Au in a grab sample while\nstaking the property (see August 28, 2024 press release).\n \n\n\n\n Following the receipt of the high-grade Au/Bi/Te\nresults, the Company mobilized a small crew to evaluate the area of\nthe outcrop, now called the BiTe showing.  The channel was oriented\nperpendicular to the prominent quartz-tourmaline-sulphide vein\norientation, and returned 38 m at an average grade of 1.797 g/t gold.\nThe zone is open at both ends. The southwestern end of the channel\nstarted at the talus interface, while at the northeast end the final 6\nmeters returned 5.3 g/t Au.\n \n\n\n\n\n\n The BiTe showing was\nnamed for the significantly anomalous bismuth and tellurium in samples\ncollected during the discovery of the showing. These elements returned\noverlimit values and assays are being undertaken to determine the\nabsolute values. Bismuth and tellurium are key indicators of RIRGS\nsystems\n \n\n .\n \n\n\n\n The property is in the eastern\n \n\n Tombstone Gold Belt in the NWT and is centered on a\nMid-Cretaceous, Mayo Suite, granitic stock that measures 1.8 by 1 km\nwith a sizable, intensely altered, contact aureole expressed as\nhornfelsed and iron-stained gossanous Earn Group sediments.\n \n\n\n\n Following the discovery, the Company expanded the\nproperty to 5,525 hectares with the addition of 3 new claims (now\ntotaling 5 claims). The Company has also undertaken an airborne\ngeophysical survey, a photogrammetry survey and further prospecting\nand rock sampling. The results from this additional work are expected\nin the coming weeks.\n \n\n\n\n CEO Simon Ridgway stated, “We are very exci...