The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News - April 5, 2024
Rackla Metals' camp at the western end of the Canol Heritage Trail in Northwest Territories.
Rackla Metals Inc. April 1 announced the results from its 2023 exploration program on the company's Peak target located within the Kelvin Stock of the Astro Plutonic Complex in Yukon, Canada.
A Vancouver-based junior gold exploration company Rackla Metals, not to be confused with the Rackla property, is advancing projects located in eastern Yukon, and western Northwest Territories, Canada.
Rackla is focused on exploring the eastern Tombstone Gold Belt for reduced intrusion-related gold system (RIRGS) deposits similar to Kinross Gold's Fort Knox Mine in Alaska, Victoria Gold's Eagle Mine in Yukon, and the newly discovered Valley gold occurrence belonging to Snowline Gold Corp.
Optioning its landholdings in late 2022, Rackla has managed to put together a sizable 59,000 hectares (143,421 acres) project that appears to still be being ironed out as far as targets and properties are concerned. However, the success of its first year of exploration will quickly change that.
Overall being called the Astro Plutonic Complex, this region is located within the Tombstone Gold Belt at the border of Yukon and NWT, and is composed of the Canol Trail, Kelvin, and Border Pluton stocks.
An aggressive 2023 exploration program led to RIRGS discoveries at both the Canol Trail (HIT discovery) and Kelvin (Peak discovery) stocks. From this, a significant program is planned for 2024 to delineate, establish size and grade, and understand the potential scope of these fresh targets.
A map showing Rackla Metals' property locations within the Tombstone Gold Belt.
In 2023, Rackla completed a comprehensive exploration program on the property that included an airborne geophysical survey, stream sediment, soil (talus-fine) and rock sampling, prospecting, and mapping.
Considering it was the first year the company worked the project, the results have already revealed high potential for this region of Yukon-NWT.
A map of the Astro Plutonic Complex and the various properties and targets that Rackla has compiled and verified with historical datasets.
Accessible by the North Canol road at MacMillan Pass, Rackla operates five other projects in the Belt with similar characteristics to a RIRGS that it is working to bring up to the drill-ready stage.
The company has collected 314 talus-fine samples in the southeastern portion of the Kelvin stock and defined two anomalous areas, Peak and Cirque. Measuring 1,500 by 1,000 meters, Peak is well defined by a sheeted vein system with anomalous gold values.
Rackla says this is a robust anomaly with coincident gold, arsenic, and bismuth – typical of a RIRGS target.
Prospecting and rock sampling at Peak returned a high percentage of samples containing greater than one gram per metric ton gold. Out of the 237 rock samples collected, 49 returned greater than 1 g/t gold with the highest value returning 17.8 g/t gold.
The Cirque target has been defined by a single base-of-slope contour line which also has coincident gold, arsenic, and bismuth values. The company adds that gold-in-soil values at Cirque are highly anomalous for the region.
Only limited work was completed at Cirque in 2023; however, Rackla has planned a significant surface program to expand on and define this anomaly further. The company also plans to be positioned to drill test Cirque later in the season.
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