RAK-TSX.V

21:12 EST on 10-20-2017   $0.14   +0.03   20 min delay
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Rackla Metals Inc.
Yukon

Face Property

The Face properties consist of 176 contiguous mineral claims (3,678 hectares, 9088 acres) in two separate groups in western Yukon, 8 km and 25 km due east of Eagle, Alaska. The properties are owned 100% by Rackla Metals Inc. The initial 94 claims were staked in 2010, centred on a government regional silt survey Au anomaly, located over carbonate rocks analogous to the Atac Resources' Rackla belt, and with a similar spatial relationship to the Dawson thrust.

Additional claims were staked in April 2012, extending the claim block to the northeast. These claims cover prospective stratigraphy and stream drainages with anomalous gold+/-arsenic +/- antimony+/-mercury values in stream sediment samples reported by the Geological Survey of Canada. In June 2012, the Company purchased four claims from a competitor that were surrounded by the original Face claims.

A first pass reconnaissance ridge-and-spur soil sampling (2077 samples) and stream sampling survey (114 samples) was undertaken by Radius in the summer of 2011 and the Company in 2012. Results define three broad coherent, kilometer scale, silver in soil anomalies (>1.7 ppm - >10.0 ppm Ag). Within these broad silver anomalies are samples anomalous in gold (>18 ppb) and arsenic (>28 ppm). Most of the silver anomalies also have coincident anomalous values for thallium, antimony, mercury, antimony, lead and zinc.

A magnetic airborne survey was carried out in late November 2011 over the western portion of the property. The high resolution magnetic data, collected on lines flown at 200 m line spacing, highlights geological rock units and will continue to aid in future geological mapping and understanding the structural setting of the property. To date the aeromagnetic survey indicates that the underlying geology is more complex than shown on publicly available geology maps.

Work in July 2013 consisted of 1109 soil and 115 rock samples, prospecting and reconnaissance geological mapping over gold and silver anomalies identified in 2011 and 2012. Although sampling in 2013 was hindered by overburden and permafrost, geochemical soil sample results identified an irregular shaped area anomalous in silver (>10 ppm Ag and up to 88 ppm Ag) located over an area of approximately one square kilometer. The silver anomaly is accompanied by anomalous zinc values (>500 ppm to 6000 ppm Zn) and is underlain by black shale, likely belonging to the Road River Group. Rock samples of the black shale contained similar values for silver and zinc. No significant gold values from the soil or rock samples were obtained in 2013.

Although at the present time no additional work is planned, the work carried out to date over the silver anomaly was filed for assessment, keeping those claims in good standing to 2019.  

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