Rackla Metals is pleased to announce that field crews have mobilized to the Company's flagship Astro project and is on schedule with plans to commence its maiden 3000m drill program in July. Highlights: The Astro plutonic complex includes the Astro, Ser and Hit projects and covers approximately 22,500 Ha along the highly prospective Tombstone Gold Belt within the Yukon and Northwest Territories. Rackla's primary target at [...]
Rackla Metals is pleased to announce that it has staked 146 quartz claims, an area approximately 30.5 square kilometers or 3,050 hectares, in the Tombstone Gold Belt, Yukon. These claims are known as the Excite Property and are located 40 km west of Snowline Gold's Valley discovery and 115 km west of Rackla's Astro project. A map indicating the location of these new claims may be viewed below. Figure 1. Excite Property [...]
Rackla Metals is pleased to announce that plans for the 2023 exploration program at the Astro, HIT, SER, Jos and Rak Main properties are well underway. The Company has a permit for the drill program at Astro and has recently received approval of the Class 1 Notification for work on the HIT and SER properties in Yukon. The planned work program on the Jos and Rak Main properties is below the threshold required for a permit [...]
Rackla Metals announces that Bruce Smith has stepped aside from his position as interim President of Rackla Metals, in order to focus on his role as CEO and President of Radius Gold Inc. Simon Ridgway will continue in his role as CEO of the Company. Scott Casselman, Rackla's recently appointed VP Exploration, has taken responsibility for the team building and development of the Company's exploration programs and has [...]
Rackla Metals is pleased to announce it has increased the size of the Astro property with the staking of claims that cover 822 hectares. This new claim block connects the Company's land holdings between the Hit and the Astro border intrusive centres, where strong stream geochemistry and geophysics indicate a relationship between these two exposed intrusive bodies. Over the past few months, the Company has worked up the [...]
Rackla Metals Inc. is pleased to announce that Scott Casselman has been appointed as its Vice-President, Exploration. Before joining the Company, Mr. Casselman was the Head, Minerals Geology of the Yukon Geological Survey, having joined the Survey in 2015. Previous to his work with the Survey, from 1985 to 2015, Mr. Casselman worked in mineral exploration on projects in Indonesia, Argentina, Turkey, Alaska and Canada [...]
Rackla Metals Inc. is pleased to announce that Adam Buchanan has been appointed VP, Corporate Development. Adam has extensive knowledge of capital markets, resource development and investor relations through more than 10 years of experience in the resource sector. He will be responsible for assisting with corporate development, financing, marketing and investor communications. Adam graduated with a B.A. from Simon Fraser [...]
Rackla Metals Inc. is pleased to announce that it has closed its previously announced private placement financing with the issuance of 11,365,000 flow-through units at $0.285 each for gross proceeds of $3,239,025 and 1,250,000 hard-dollar units at a price of $0.20 each for gross proceeds of $250,000 for aggregate gross proceeds of $3,489,025 from the Offerings. Each FT Unit consists of one flow-through common share and [...]
Rackla Metals Inc. is pleased to announce that, as a result of strong demand, it has added a hard-dollar unit offering component to its previously announced non-brokered private placement, and has increased the size of the Offering to a minimum of $3,489,025. The Company now intends to issue 11,365,000 flow-through units per the terms described in the December 8, 2022 press release, and up to 1,250,000 hard-dollar units [...]
Rackla Metals Inc. is pleased to announce that in connection with its previously announced non-brokered private placement, the Company has increased the size of the Offering to a minimum of $2,850,000 and has amended the terms of the Offering to constitute a flow through offering. The Company will now issue a minimum of 10,000,000 flow-through Units at a price of $0.285 per Unit. Each Unit will consist of one common share [...]
Rackla Metals Inc. announces that it proposes to complete a non-brokered private placement of up to 10 million units at $0.20 per unit, for proceeds of up to $2.0 million, each unit to consist of one common share and one half warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at $0.35 for two years from the closing date of the financing. Crescat Capital will be the [...]
Rackla Metals Inc. is pleased to announce that it has entered into a property option agreement with Sabre Gold Mines Corp. to purchase a 100% interest in the 376-claim SER gold project. The SER property surrounds Rackla's recently optioned Hit property in the Yukon. The SER project further adds to Rackla's mineral property interests in the Tombstone Gold Belt within the Selwyn Basin. "The SER property is a tremendous [...]
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