- Rackla Metals (RAK) has staked 146 quartz claims over 30.5 sq. km in Yukon’s Tombstone Gold Belt
- The claims, known as the Excite Property, have the potential to host a reduced intrusion-related gold system
- An exploration program slated for June 1 will trace gold anomalies with stream samples as high as 11,000 ppb gold
- Rackla Metals is focused on exploration in the Tombstone Gold Belt in Yukon and the Northwest Territories
- Rackla Metals (RAK) last traded at $0.20 per share
Rackla Metals (RAK) has staked 146 quartz claims over 30.5 sq. km in Yukon’s Tombstone Gold Belt.
The claims, known as the Excite Property, are 40 km west of Snowline Gold’s Valley Discovery and 115 km west of Rackla’s Astro Project.
Source: Rackla Metals.
The property stood out as highly prospective to management for its potential to host a reduced intrusion-related gold system based on numerous criteria. The Weighted Sums Model for intrusion-related gold deposits (regional geochemical survey data) identified the streams draining the property as within the 95-98th percentile for this deposit type.
Heavy mineral concentrate sampling in 2013 on 4 streams draining Excite’s western side returned highly anomalous values of 461, 1,740, 10,700 and 11,000 ppb gold.
An airborne magnetic survey identified a circular magnetic low feature with magnetic high “shoulders“ measuring 1.8 km in diameter in Excite’s center.
Rackla’s summer program, slated for June 1, will evaluate the property through stream sediment sampling, soil sampling, geological mapping and prospecting to trace gold anomalies and define drill targets.
“We are pleased to have increased our footprint in our Yukon portfolio of projects with a target as prospective as the Excite,” stated Simon Ridgway, Rackla’s CEO. “The strength of the gold anomalies in streams draining the area is impressive. Recent gold discoveries in the intrusive bodies and surrounding sediments in the belt indicate there is potential for other near-surface, high-grade bulk tonnage gold deposits to be discovered in the district and the acquisition of the Excite Property makes Rackla Metals a significant land holder in the eastern Tombstone Gold Belt.”
Rackla Metals is focused on exploration in the Tombstone Gold Belt in Yukon and the Northwest Territories.
Rackla Metals (RAK) last traded at $0.20 per share.
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