Rackla Metals Inc. is pleased to announce that drilling is progressing well at the Grad property. With a single drill rig on the property crews are averaging approximately 50m per shift with the rig turning 24/7. The drill is presently on the fourth hole, G25-004 with a target depth of 400m Two holes were drilled from Pad A, G25-001 ended at 208m and G25-002 ended at 330m One hole was drilled from Pad C, G25-003 that [...]
Rackla Metals is pleased to announce that drilling and has commenced at the BiTe zone on the Grad property NWT. The Grad property was staked in July of 2024, and immediate prospecting defined strong gold mineralization at the base of the south facing cliff. Further sampling in August identified significant sheeted veining hosted in the intrusive and that combined with the gold, bismuth and tellurium geochemistry made it [...]
Rackla Metals is pleased to announce that its 2025 exploration program at the BiTe zone is underway. Geological mapping and sampling has commenced Drill pad construction is underway The drill will be mobilized to first drill pad on July 8th A field camp has been established 1 km west of the BiTe zone Following along the base of the cliff from the 2024 BiTe discovery outcrop, the geological team has extended mapping and [...]
Rackla Metals is pleased to announce that crews are mobilizing to commence the 2025 exploration program on the Grad property. All the pieces are in place for a very exciting season: Fully funded, fully permitted 2025 field campaign will focus on 2024 Grad Gold Discovery. Grad is a Reduced Intrusion-Related Gold System exposed in a 400m vertical cliff face. A 2,000 m maiden drill program will test the continuity of the [...]
Rackla Metals is pleased to announce that it has been invited to present at the Emerging Growth Conference on May 22nd at 10:50 ET. We invite individual and institutional investors as well as advisors and analysts to attend this real time, interactive presentation. This live online event will give shareholders and the investment community the opportunity to interact with the Company's CEO Simon Ridgway in real time. Mr [...]
Rackla Metals is pleased to announce that it has obtained a Type A Land Use Permit from the Sahtu Land and Water Board, supporting the maiden drill program at its Grad Project. The Grad Project is now fully permitted and fully funded for the upcoming 2025 exploration season. The five-year permit, with a potential for a two-year extension, allows Rackla to significantly advance exploration efforts, beginning with drilling [...]
Rackla Metals is pleased to report that it has closed its previously announced non-brokered private placement financing, raising total gross proceeds of $2,994,150. The Company has issued 10,640,000 charity flow-through units at a price of $0.21 each for proceeds of $2,234,000, and issued 5,605,002 hard-dollar units at a price of $0.15 each for proceeds of $759,750. Each unit consists of one common share of the Company [...]
Rackla Metals is pleased to announce the appointment of Tom Garagan to its Board of Directors. Mr. Garagan is a geologist with a Bachelor of Science degree in geology from the University of Ottawa and over 40 years of experience working in North and South America, East and West Africa and Russia. He is a founder of B2Gold Corp. and recently retired after serving as Senior Vice President, Exploration of B2Gold since 2007 [...]
Rackla Metal is pleased to announce that it has increased its previously announced non-brokered private placement. The Offering will now raise total gross proceeds of up to $2,994,150. The Offering will consist of a $2,234,400 charity flow-through unit offering at a price of $0.21 per unit, and a $759,750 hard-dollar unit offering at a price of $0.15 per unit. Each unit will consist of one common share of the Company and [...]
Rackla Metals is pleased to announce that it proposes to complete a non-brokered private placement financing to raise total gross proceeds of up to $2.45 million. The Offering will consist of a $2.1 million charity flow-through unit offering at a price of $0.21 per unit, and a $350,000 hard-dollar unit offering at a price of $0.15 per unit. Each unit will consist of one common share of the Company and one-half of a [...]
Rackla Metals is pleased to provide an update on the exploration plans for the Grad Property in the Northwest Territories. The Grad Property is located in the eastern portion of the Tombstone Gold Belt and was staked in July of 2024 when the land came open following more than a decade of land use planning. Prior to Rackla staking the claims there was no history of exploration on the intrusion at the core of the Property [...]
Rackla Metals is pleased to announce the closing of its previously announced private placement financing, raising hard-cash proceeds of $1.2 million through the issuance of 10 million common shares at a price of $0.12 each to a single investor, Mr. Alejandro E. Gubbins Cox. The financing proceeds have been added to the Company's present working capital. Management proposes to use its working capital for conducting [...]
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