Projects

Gossan Property

Target Type: Porphyry copper-gold
Location: Yukon, Canada

Overview

The Gossan property is located within the Dawson Range Porphyry Belt of southwestern Yukon. The property is 753 hectares in size and covers a large, prominent gossan.

Field observations indicate that the large gossan and associated alteration is consistent with the characteristics of a porphyry system, similar to the world class Casino porphyry copper-gold deposit located 65 km northwest of Gossan. Casino hosts a Measure and Indicated resource containing 14.8 million oz of gold and 7.6 billion lbs of of copper.¹

Property Holdings

The Gossan property consists of 36 contiguous quartz claims that were staked in February 2023 and are registered 100% to Rackla Metals Inc.

Exploration History

The Gossan property has a limited exploration history and there is no record of assessment work having ever been filed in the immediate area. The Yukon Minfile database indicates that in 1969 the Apex claims were staked on Mt. Langham and in 1991 were sold to Rinsey Mines Ltd. There is no record of Rinsey having completed any exploration work and the claims were later allowed to lapse.

In 2019, M. Linley staked the MTL 1 to 8 claims on Mt Langham. There is no record of exploration work having been conducted and the claims were allowed to lapse in 2021.

Exploration Target

The property was acquired because of the intense pyritic gossan which is believed to represent a porphyry copper hydrothermal alteration system.

In 2023, Rackla conducted what is believed to be the first systematic evaluation of the property. The program consisted of reconnaissance stream sediment sampling, soil sampling and prospecting. The geochemical signature from stream sediment and soil samples indicates that the gossan in the center of the property does have elevated copper, gold and molybdenum values relative to the samples collected more distally.

The alteration observed in the field and in the petrographic analysis is consistent with the Gossan Property exhibiting characteristics of a porphyry copper system. Outboard from the intense gossan the volcanic rocks have epidote-chlorite alteration typical of a propylitic alteration zone, while the quartz-sericite-pyrite alteration in the intense gossan is characteristic of the phyllic alteration zone as described by Lowell and Gilbert (1970).

1. Western Copper and Gold Corp website (www.westerncopperandgold.com), accessed April 10, 2024.