Excerpt from Stockwatch Gold-TodayOn our news release yesterday from Rackla
Simon Ridgway's Rackla Metals Inc. (RAK) rose one-half cent to 17 cents on 205,000 shares on word it is planning a busy 2024 at its properties along the Yukon-Northwest Territories border. Expect 3,000 metres of drilling at the Hit target, where the company drilled a 130-metre interval grading 0.248 gram of gold per tonne last year in one direction and 45 metres grading 0.52 gram per tonne in the opposite direction from the same pad.
Rackla also plans a maiden drill program at the Peak target, where 1,000 metres of drilling across up to seven holes will test a geophysical target near a 1,500-metre-long soil anomaly that is up to 1,000 metres wide. Prospecting and rock sampling turned up plenty of rocks grading above one gram of gold per tonne, with one chunk assayed at 17.8 grams per tonne.
"Our team is excited to be getting back into the field following the [reduced intrusion-related gold system (RIRGS)] discoveries at Hit and Peak in 2023," enthused Mr. Ridgway, CEO. The priority for this year, he cheers, is a significant drill program at Hit that he believes will vector toward the heart of the RIRGS target, while the maiden effort at Peak will seek the high-grade gold-bearing sheeted veins identified last year. As well, Mr. Ridgway the dutiful promoter, has an eye cast toward a fallback position should the drilling falter: Rackla will also be advancing several of its other 100-per-cent-owned earlier-stage projects in the area