In this KE Report company update, I speak with Simon Ridgway, Founder & CEO of Rackla Metals (TSX.V:RAK - FSE:RLH1), for a detailed look at the ongoing drill program at the Grad Property in the Northwest Territories, an extension of the Tombstone Gold Belt.
Key topics covered:
- The expansion of the drill program from 4,000m to 5,000m on the back of encouraging visuals.
- Observations of sheeted veining and bismuth mineralization, a strong indicator for potential gold.
- The scale of the initial target: a 500m x 300m x 550m area within a much larger mineralized system.
- The broader vision of unlocking a multi-million-ounce discovery to match the remote location, drawing comparisons to Snowline’s success.
- Rackla’s strategic land position expansion and plans for a new camp and potential airstrip to reduce costs.
- Financial position: over $5M in the treasury, with potential to raise additional funds depending on upcoming results.
While assay results are still pending, investor interest remains strong as Rackla continues to drill through late summer. Simon also provides insights into how bismuth content could prove to be a reliable proxy for gold mineralization in this emerging discovery.
Visit Rackla Metals Website for the latest news releases.
Send your questions for Simon to: fleck@kereport.com