Rackla Metals completes drilling at King Solomon’s Dome, Yukon
October 4, 2013: Mr. Simon Ridgway, the President of Rackla Metals Inc. (TSX-V: RAK), is pleased to announce that the Company has completed the diamond drilling program on the King Solomon’s Dome (KSD) property announced on September 10, 2013. The road accessible property, optioned from Kestrel Gold Inc., is located in the heart of the Klondike goldfields, roughly 30 km southeast of Dawson City in the Yukon Territory.
Three diamond drill holes were completed (1,191m), spaced approximately 250 to 300m metres apart, to test known quartz veins, surface rock and soil geochemical anomalies and resistivity and induced polarization (IP) geophysical anomalies. The holes were drilled on a westerly to south westerly azimuth and inclined between 52 and 55 degrees. The drill core is currently being logged and sampled and results will be announced as they become available. A map of the drill collars is shown on Rackla’s website at www.racklametals.com
Holes DDH 13-01 and DDH 13-03 tested an IP anomaly east of the main Sheba vein. Hole DDH 13-02 drilled through the Sheba vein and part of the IP anomaly on the west side of the Sheba vein.
The holes successfully intersected the target IP chargeability anomalies. The target anomalies appear to correlate with zones of increased sulphide content which appear to be up to tens of metres in width. The sulphides consist mainly of pyrite cubes in the host wall rock schist but also include trace amounts of disseminated and quartz veinlet controlled galena and sphalerite associated with silicification. The results of previous trench sampling at the KSD property indicate that elevated sulphide levels of this nature often correlate with increased values of gold and silver (see Kestrel news release dated December 16th 2011.)
Drilling intersected cross cutting quartz veins, including limonitic and sulphide bearing quartz veins, from near surface to depths greater than 200m downhole. The quartz veins are often proximal to intermittent zones of altered, siliceous, locally brecciated and fractured chlorite schist with elevated levels of disseminated pyrite and pyrite along foliaform fractures.
The reader is referred to Kestrel’s website at www.kestrelgold.com for background information on the KSD property.
Qualified Person
Roger Hulstein, BSc, P.Geo., is a member of the Association of Professional Engineers and Geoscientists of British Columbia and is the Company’s Qualified Person as defined by National Instrument 43-101. Mr. Hulstein is responsible for the accuracy of the technical information in this news release.
About Rackla
Rackla Metals controls a portfolio of promising gold projects across Yukon Territory, including two extensive claim blocks in the Rackla belt, an emerging trend of Carlin type gold systems in east-central Yukon, the Sixty Mile project near Dawson City, and the King Solomon’s Dome Property in the heart of the Klondike goldfields.
ON BEHALF OF THE BOARD
“Simon Ridgway”
President and CEO
Contact: Ralph Rushton
Tel: (604) 801-5432; Fax: (604) 662-8829
Email: info@goldgroup.com
Website: www.racklametals.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of the Company. Actual results may differ materially from those currently anticipated in such statement.
