07:45 EST on 01-24-2019   $0.09   +0.02   20 min delay
Rackla Metals Inc.
Scarlet, Rackla Belt

Scarlet West

A more limited program of soils was undertaken later in the 2011 season on the Scarlet West property. Although the property was initially staked for its potential to host lode gold deposits, work and research by Radius identified its potential to also host significant high grade Pb-Zn replacement or Mississippi Valley Type deposits.

At Scarlet West lead - zinc mineralization and geochemical soil anomalies are found on the margins of a lower dolomite unit and as replacements and fillings in steeply dipping and crosscutting fault structures. In the 1970's McIntyre Mines identified three mineralized occurrences (White Ridge, Chopper Pad and Discovery Zone), all in the same stratigraphic horizon along a nine kilometer strike length. McIntyre Mines also located an additional zone, Puddle Zone, in a lower horizon that extends for at least two kilometers. Radius discovered an additional zone, the Larry Zone, in 2011 that is controlled by a fault structure that can be traced for four km. Although McIntyre Mines diamond drilled eight small diameter holes (total 816.5 m) on the Puddle and Discovery Zones, neither the drill hole locations or results are available.

In 2011 Radius collected 1136 soil samples and carried out a 306 line km aeromagnetic and radiometric survey over the south eastern side of the property. The property was also geologically mapped at a reconnaissance scale. In addition to confirming the lead-zinc potential of the property soil samples from the northern portion over the Larry and Puddle Zones, locally contained anomalous values for gold (up to 39 ppb), mercury, arsenic and thallium.

In April 2012, an additional 15 claims were staked after claims held by a competitor over the Chopper Pad Zone lapsed. Exploration consisting of soil and rock sampling, prospecting and geological mapping commenced in late June and was completed at the end of July, 2012. A total of 2,399 soil samples and 95 rock samples were collected following up on anomalous values in soil for gold, thallium, mercury, arsenic, lead and zinc reported in 2011 and extending the soil sample coverage.

Geochemical results from rock and soil samples returned significant anomalies for zinc from the southeast side of the property. A linear zinc in soil anomaly extending over four kilometers that includes both the Chopper Pad and Discovery Zones's was delineated. Most of the soil lines, spaced at 200 m, crossing the host carbonate horizon, contained two or more samples, spaced at 50 m, that contained >2800 ppm to >10,000 ppm zinc. Coincident lead in soil anomalies range from 500 ppm to >1000 ppm and several rock samples from the replaced carbonate mineralized horizon contained >2% zinc from highly leached and oxidized samples.

The White Ridge Zone, located on the northeast side of the property, has a gold in soil anomaly (>5 - 39 ppb) that was traced for 2 km to the east. Anomalous mercury values (>1,864 ppb) are restricted to the immediate area of the original carbonate hosted White Ridge Zone over an east - west strike length of one kilometer. Sporadic anomalous thallium values of >2 ppm are found within the White Ridge gold in soil anomaly. Expanded soil sample coverage over the Puddle Zone, located one kilometer north of the White Ridge Zone and also underlain by carbonates, identified a coincident arsenic (>63 ppm), antimony (>8 ppm), with sporadic anomalies for mercury (>911 ppb), arsenic (>62 ppm), silver (>563 ppb), lead (>106) and zinc (>1,110 ppm). This soil anomaly extends over a one kilometer east - west strike length, 500 m north - south, and is open to the west. Lead-zinc mineralization at the Larry Zone was confirmed to be restricted to silicified brecciated pods within or adjacent to an approximate east - west fault structure that intersects the west end of the White Ridge Zone.

The claims are valid until 2018 or later, and the project is available for joint venture.