Grad
Target Type: Intrusion-hosted gold |
Location: Northwest Territories, Canada |
Overview
The Grad Property is located in the Tombstone Gold Belt in the Northwest Territories (NWT) in an area that has experienced little historical exploration activity. During the 2024 exploration season initial prospecting and rock sampling returned up to 92.4 g/t Au, >1% Bi, >500 g/t Te. The Rackla team is working to establish the extent of this this high-grade Au-Bi-Te system.
Rackla staked the 4,000 hectare Grad Property centered on anomalous government regional geochemical survey stream sediment samples. The claims cover a mapped Mid-Cretaceous, Mayo Suite, granitic stock and at least one other unmapped felsic intrusive body. The mapped Mayo Suite intrusion measures 1.8 by 1 km, while the secondary intrusion is slightly smaller. Both intrusions have a sizable, intensely altered, contact aureole expressed as hornfelsed and iron-stained gossanous Earn Group sediments.
During the staking, quartz sulfide veining was noted in the cliffs of the intrusive body and in float in the talus trains. Over 50% of samples within the Mayo Suite stock returned anomalous results of gold. In particular, two samples returned spectacularly high-grade Au-Bi-Te from the mapped intrusion. At the site of these samples, abundant quartz-tourmaline veining and zones of disseminated bismuth-sulfides and tellurides was observed. One of the samples returned 92.4 g/t Au, >1% Bi, >500 g/t Te. The other, located 40m to the west, returned 15.85 g/t Au, 0.9% Bi, and 331 g/t Te. The preliminary observations from the intrusive stock and these results indicate a multiphase intrusion with stockwork veining, which may represent the upper carapace of a stock mineralized by a Reduced Intrusion-Related Gold System.
The company initiated a follow-up program consisting of stream sediment sampling, talus fine sampling, a photogrammetry survey and detailed rock chip sampling of the face that returned the high-grade gold. The results of this additional work are pending. Based on the early success of exploring this new property, and the various unmapped intrusive bodies identified, Rackla is staking a larger land position in the area.
Maps
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