Business
Rackla Metals Provides Update on 2023 Exploration Programs
Vancouver, British Columbia – TheNewswire - August 8, 2023 – Rackla Metals Inc. (TSXV:RAK) (the “Company”) is pleased to announce that the Company has completed
About this update from Rackla Metals Inc.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - August 8, 2023 – Rackla Metals Inc. (TSXV:RAK) (the “Company”) 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 (RIRGS) 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 analysis. The drill results are expected in the coming weeks. The Astro intrusive complex includes the Astro, HIT and SER properties, and covers approximately 22,500 Ha located in the Tombstone Gold Belt that extends across the Yukon and Northwest Territories border. The drill program to date has focused on the Radio-UV targets where previous operators identified a strong gold anomaly in talus and soil samples across a broad valley underlain by a Tombstone suite intrusive stock. Broad spaced drilling across the valley has identified sheeted quartz veining with minor amounts of sulphide minerals in the intrusive. (Figure 1). In many instances, there is a significant alteration halo containing disseminated sulphide minerals bordering the veins as is evident in the photo below. Follow-up drilling will continue upon receipt of results. Figure 1: Drill core from hole AST-003 showing sheeted quartz veins with alteration halos around the veins. The Company has also completed airborne geophysical surveys on a number of the company’s properties. The surveys were conducted by Precision GeoSurveys Inc., utilizing their triple boom, gradient magnetic, radiometric and VLF-EM system. On the Astro, HIT and SER properties the Company expanded on a previously flown airborne magnetic survey to cover the western portion of the Astro and capture the HIT and SER mapped intrusive bodies. (Figure 2). This survey further defined the extent and geophysical contrast within the Astro plutonic complex and identified a number of potential buried or unmapped intrusive centres associated with strong gold in stream anomalies. Figure 2: Airborne Magnetics (RTP) On the HIT property, the survey has defined the intrusion to be a magnetic low and the hornfelsed country rock to be magnetic highs surrounding and overlying the intrusion. The HIT intrusion mea...