Nov 29 2013
Rackla Metals Inc. announces that the results of exploration work conducted on the Company's properties during the 2013 summer season have been compiled and are set out below.
King Solomon's Dome Property
The results from the recent diamond drill program on Kestrel Gold Inc.'s King Solomon's Dome (KSD) property show that all three holes intersected low grade gold mineralization with some short higher grade gold intervals, for example 4.89 g/t Au over 13cm in hole DDH13-02. Hole DDH13-02 cut several intervals of gold mineralization between 34m and 127m down hole which are believed to be related to the easterly dipping Sheba Vein system and its hanging wall mineralization (see Kestrel Gold Inc. news release: December 16, 2011). The gold mineralization, although generally low grade, shows continuity with surface trench sampling and remains open to depth.
The two zones of gold mineralization and increased sulphide content encountered in DDH13-01 and DDH13-03 are believed to correlate with the geophysical chargeability anomaly at depths of 217 - 224 metres and 189 - 195.5 metres respectively and also with increased sulphide content. No visible gold was encountered and no samples returned greater than 5 g/t Au in the three holes drilled.
Rackla is not planning to undertake any further drilling at KSD and has relinquished its option on the property.
Face Project
A six week geochemical sampling and mapping project was carried out on the Face project located approximately 90 kilometers northwest of Dawson City, Yukon. Work focused on following up anomalous gold and silver results from a ridge and spur soil sampling program carried out in 2012. A total of 1109 soil samples and 115 rock samples were collected in 2013. The survey identified an irregular shaped silver-zinc anomaly (>10 ppm Ag to 88 ppm Ag; >500 ppm to 6000 ppm Zn) over an area of approximately one square kilometer underlain by black shale of the Road River Group. Rock samples of the black shale contained similar values for silver and zinc. Based on these results the size of the property was reduced by 176 claims, leaving 529 contiguous claims in good standing.
Iola Project
A short program was carried on the Iola project to follow up on anomalous geochemical soil sample results for gold and silver obtained in 2012. The 2013 program identified the source of the anomalous gold as being from a narrow thrust fault zone. Other 2012 soil samples anomalous for silver, lead and zinc reflected narrow fault structures cutting shales and other clastic rocks plus zones of secondary enrichment due to weathering. Based on these observations and results the property claims have been allowed to lapse.