Rackla highlights sampling results as it awaits rest of assays from Grad – Richard Mills

2025.10.28

Rackla Metals (TSXV:RAK) has made several new discoveries from a regional exploration program conducted this year in the vicinity of its flagship Grad Project in Canada’s Northwest Territories.

The stream sediment, soil and rock results are Rackla’s attempt to put a positive spin on what has been a disappointing drill season so far at Grad.

Rackla is targeting Reduced Intrusion-Related Gold Systems (RIRGS) mineralization on the southeastern part of the Tombstone Gold Belt in Canada’s eastern Yukon and western Northwest Territories.

The Vancouver-based company started its 2025 drill program in mid-July at the BiTe Zone on the Grad property in the NWT. The original goal of 4,000 meters was upsized to 5,000m due to encouraging observations in the drill core and surface work.

The first three drill holes of the 2025 campaign tested below the high-grade BiTe showing discovered in 2024. However, the first assay results from Hole 1, 2 and 3 reported by Rackla on Oct. 6 failed to return any continuity of the mineralization discovered at surface and did not intersect any significant gold mineralization. 

Rackla was quick to mention that seven more holes are at the assay lab with results yet to be reported, but by then the damage to the stock was done — it fell from $0.87 to $0.16 in a single trading session.

The 52-week high of $1.00/sh was reached on Sept. 12.

In putting out updates on Grad and regional exploration on Oct. 21, Rackla said the company is working on interpretations to understand why these holes did not intersect similar mineralization to that observed on surface; and estimate the assays from the remaining seven drill core samples will be available in early November.

In the meantime, Rackla has been receiving stream sediment, soil and rock results from the regional exploration program completed in 2025. During this program, the company collected over 500 rock samples, 1,400 soil samples and 140 stream sediment samples. There are two batches of stream sediment samples and four batches of rock and trench samples outstanding. Results to date clearly show a number of new discoveries in the region, which are described below. These early-stage discoveries are encouraging, and the company is planning follow-up programs in 2026.

Manta showing

The Manta showing was discovered 1.5 km south of the BiTe showing and is in the Grad claim group. Manta occurs as a previously unmapped Cretaceous intrusion. In 2025, the company conducted prospecting and talus-fine sampling around the intrusion. The talus-fine sampling returned samples with gold values up to 0.56 ppm Au and associated bismuth, tellurium and arsenic. Rock sample results from the western margin of the intrusion returned two samples greater than 1 ounce of gold per ton (31.1 g/t, Figure 1). The company followed up with trenching late in the season and these results are pending.

Ogre property

The Ogre property is located 10 km north of Grad. It occurs on the southeastern margin of the large, Cretaceous O’Grady Batholith. In 2025, Rackla conducted stream sediment sampling, talus fine sampling, heavy mineral concentrate sampling (i.e. gold panning), prospecting and established a 2.5 x 2.5-km soil grid. The gold panning was conducted in an area where the NWT government collected a HMC sample with 27 grains of gold in a single sample. This area was labeled the 27 Grains Target. Rackla followed up by panning above and below the government sample, and along a 500m stretch of the stream observed visible gold grain counts from 1 to 3 grains per pan. These results prompted the company to establish a soil sample grid over this area. The soil sampling program identified a 1.5 km-long coincident Au-Bi-Te-As anomaly (see Figure 2).

North of the 27 Grains Target, the program identified an 800m-long coincident gold-bismuth-arsenic soil anomaly in the O’Grady Batholith, west of the projection of the 27 Grains structure (Figure 3). Rock samples collected on the Ogre property show a particularly strong correlation with tellurium. This anomaly remains to be followed up in 2026.

Calypso property

The Calypso property was staked 17 km west of the Grad property and is located on the southwestern margin of the O’Grady Batholith. The property is another grassroots discovery by Rackla, following up on a government regional geochemical survey that identified gold and bismuth anomalies. While conducting talus sampling along the break in slope of the cliff, Rackla geologists identified sulfide-bearing sheeted quartz veins in the intrusive. Rock samples collected from this veining have returned over 10 g/t Au with high bismuth and tellurium values.

Lened property

Upon completion of land use planning in the Sahtu Region, the ground that hosts the Lened tungsten deposit was re-opened for staking. Tungsten mineralization was first discovered at Lened in 1960 and from 1977 to 1982 an intensive exploration program was conducted by Union Carbide Exploration Ltd. This historic work included over 23,000m of diamond drilling and much of the core remains on the property. A historic resource of 0.9m tonnes grading 1.0% WO3 was calculated for the deposit (not NI 43-101 compliant). Rackla recognized the value of the historic work and significance of this tungsten resource and staked claims to cover the deposit. The historic work was focused on tungsten and rarely was any analysis for gold undertaken. The company believes there could be significant gold potential on the property. Rackla plans to compile the historic data into a digital format over the winter to unlock the potential of the Lened property

Rackla has a solid financial position with $10 million in the bank and is well-positioned to capitalize on the 2025 discoveries made in this portion of the western Northwest Territories.

Meanwhile we wait for the seven drill holes remaining to be reported.

Rackla Metals Inc
TSXV:RAK
Cdn $0.16 2025.10.27
Shares Outstanding 162.9m
Market Cap Cdn$25.0m
RAK website

Richard (Rick) Mills
aheadoftheherd.com

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Richard does not own shares of Rackla Metals Inc (TSX.V:RAK). RAK is a paid advertiser on his site aheadoftheherd.com This article is issued on behalf of RAK