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Rackla Metals to Acquire the Misisi Gold Project with Inferred Resource of 3.1 Million Ounces Gold, and Appoints New Board Member
(TheNewswire) Vancouver, British Columbia – May 5, 2021 – Rackl...
About this update from Rackla Metals Inc.
[{"type":"text","content":"Rackla Metals to Acquire the Misisi Gold Project with Inferred Resource of 3.1 Million Ounces Gold, and Appoints New Board Member \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, British Columbia – May 5, 2021 – Rackla\nMetals Inc. (“Rackla” or the “Company”) (TSXV-RAK) is pleased\nto announce it has entered into an agreement to acquire a 73.5%\ninterest in the Misisi Gold Project (“Misisi” or the\n“Project”) located in the Democratic Republic of the Congo\n(“DRC”). The Project is comprised of three contiguous mining\nleases, valid until 2045, covering 133 square kilometres and includes\nthe Akyanga deposit which hosts an Inferred Resource of 3.1 million\nounces of gold averaging 2.16 grams per tonne gold. In conjunction\nwith the Company’s shift in focus to Africa, Rackla is also pleased\nto report the strategic appointment of James Sullivan to the\nBoard.\n \n \n \n \n “We are very excited to acquire such a high-quality\ngold asset located within a prolific mineral belt”, commented Simon\nRidgway, CEO of Rackla Metals. “The expansive 133 square-kilometre\nproperty, which encompasses a 55-kilometre gold belt, is already host\nto a significant multi-million-ounce resource which we feel has\ntremendous potential for future growth. The mineral endowment of the\nDRC coupled with intermittent capital investment and exploration over\nthe past century, makes the country one of the last frontiers for the\ndiscovery of truly world-class deposits. I would also like to welcome\nMr. Sullivan to the Board. James brings a wealth of experience\nglobally with senior mining companies and a significant depth of\nexperience in the Congo and Africa.”\n \n \n \n \n Misisi Property Highlights:\n \n \n \n \n \n \n - Host to an Inferred Resource of 44.3 million tonnes\nat an average grade of 2.16 g/t Au (representing 3.1 million ounces of\ngold) at Akyanga\n \n \n \n \n - Expansive land position spanning 133 km\n \n \n 2\n \n \n of mining\nlicenses valid through to 2045\n \n \n \n \n - Significant exploration potential with 55 km of\nprospective gold belt, of which numerous additional targets have been\nidentified from prior exploration (geophysics, sampling and\nprospecting)\n \n \n \n \n - Extensive past exploration which...