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Rackla Metals Stakes New Grad Property in Northwest Territories and Reports Intrusive Hosted High-Grade Gold Discovery
(TheNewswire) Vancouver, British Columbia – August 28, 2024 – TheNewswire...
About this update from Rackla Metals Inc.
[{"type":"text","content":"Rackla Metals Stakes New Grad Property in Northwest Territories and Reports Intrusive Hosted High-Grade Gold Discovery\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 Vancouver, British Columbia – August 28, 2024 –\n \n\n TheNewswire –\n \n\n Rackla\nMetals Inc. (TSX-V: RAK) (the “Company\n \n\n ”)\nis pleased to announce that it has staked the Grad Property in the\nNorthwest Territories (NWT) and initial sampling on the new claims has\nreturned grades up to 92.4 g/t Au.\n \n\n\n\n Rackla staked the 4,000 hectare Grad Property within\nthe Tombstone Gold Belt in the NWT centered on anomalous government\nregional geochemical survey stream sediment samples in a region that\nhas experienced minimal historical exploration. The claims cover a\nmapped Mid-Cretaceous, Mayo Suite, granitic stock and at least one\nother unmapped felsic intrusive body. The mapped Mayo Suite intrusion\nmeasures 1.8 by 1 km, while the secondary intrusion is slightly\nsmaller. Both intrusions have a sizable, intensely altered, contact\naureole expressed as hornfelsed and iron-stained gossanous Earn Group\nsediments.\n \n\n\n\n During the staking, quartz sulfide veining was noted on\ncliffs within the intrusive body and in float in the talus trains.\n The field crew collected 25 grab samples from outcrop and sub-crop\nwhile completing the staking. The analytical results returned over 50%\nof the samples anomalous for gold. In particular, two samples returned\nspectacularly high-grade Au-Bi-Te from the mapped intrusion. At the\nsite of these samples abundant quartz-tourmaline veining and\ndisseminated pyrite throughout the intrusion was observed. Both of\nthese samples were from outcrop. One of the samples returned 92.4 g/t\nAu, >1% Bi, >500 g/t Te. The other, located 40m to the east,\nreturned 15.85 g/t Au, 0.9% Bi, and 331 g/t Te. The preliminary\nobservations from the intrusive stock and these results indicate a\nmultiphase intrusion with stockwork veining, which may represent the\nupper carapace of a mineralized Reduced Intrusion-Related Gold\nSystem.\n \n\n\n\n The Company immediately initiated a follow-up program\nconsisting of stream sediment sampling, talus fine sampling, a\nphotogrammetry survey and detailed rock chip sampling of the face that\nreturn...