- Rackla Metals (RAK) has staked three new claim groups targeting gold mineralization within the Tombstone Gold Belt in the Northwest Territories
- The staking includes 14 claims covering approximately 11,500ha
- Rackla plans to integrate the exploration of these claims with its Yukon Rivier project
- Previous soil and silt sampling programs have defined a two-kilometre-long strong broad gold anomaly
- The company expects to receive permits for the new claims in time for a multi-project field season next year
- Rackla Metals is a Canada-based mineral exploration company
- Rackla Metals Inc. (RAK) is up 35.48 per cent on the day, trading at C$0.21 per share at 10:15 am ET
Rackla Metals (RAK) has staked three new claim groups within the Tombstone Gold Belt in the Northwest Territories.
The staking includes 14 claims covering approximately 11,500ha. The new claims will be registered within the next 60 days. Rackla plans to integrate the exploration of these claims with its Yukon Rivier project located 160km to the southwest.
The Rivier Project (116 Yukon claims) covers gold mineralization of the Motherlode type.
Previous soil and silt sampling programs have defined a two-kilometre-long, broad gold anomaly along a faulted contact of an ultramafic body. The anomalous gold in soils appear to be associated with mapped Listwanite alteration of the ultramafic body.
With several soil samples running over 2 grams per tonne gold, this broad zone contains potential for significant gold mineralization.
The company has been working on drill permits for the Rivier Project. Permitting in the Northwest Territories should progress more quickly and the company expects to receive permits for the new claims in time for a multi-project field season next year.
Rackla Metals is a Canada-based mineral exploration company focused on gold exploration in Yukon.
Rackla Metals Inc. (RAK) is up 35.48 per cent on the day, trading at C$0.21 per share at 10:15 am ET.