Initial Assay Results from the 2025 Drill Program on the Grad Property
Executive Summary
- Rackla Metals released assay results for the first three holes (G25‑001, G25‑002, G25‑003) of its 2025 maiden drilling campaign on the Grad Property; no significant gold mineralization continuity was intersected.
- The best intercept reported was 1.16 g/t Au over 4.75 m in hole G25‑003, with minor isolated gold values across all three holes.
- Additional seven drill holes remain to be assayed; the company notes higher vein density and stronger alteration in later holes, suggesting continued exploration potential.
Key Details
- Hole G25‑001:
- 57.95–59.00 m – 1.05 m @ 1.72 g/t Au, 3 510 ppm Bi, 298 ppm Te
- 59.00–60.30 m – 1.30 m @ 0.55 g/t Au, 1 300 ppm Bi, 100.5 ppm Te
- 64.30–65.00 m – 0.70 m @ 0.54 g/t Au, 378 ppm Bi, 30.5 ppm Te
- 87.50–89.00 m – 1.50 m @ 1.00 g/t Au, 151 ppm Bi, 16.0 ppm Te
- 98.00–99.50 m – 1.50 m @ 0.84 g/t Au, 819 ppm Bi, 33.4 ppm Te
- 199.50–200.00 m – 0.50 m @ 0.52 g/t Au, 1 435 ppm Bi, 20.5 ppm Te
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50.50–52.00 m – 1.50 m @ 1.27 g/t Au, 1 650 ppm Bi, 118.5 ppm Te
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Hole G25‑002:
- 89.50–91.00 m – 1.50 m @ 0.82 g/t Au, 363 ppm Bi, 19.3 ppm Te
- 129.50–131.00 m – 1.50 m @ 1.31 g/t Au, 291 ppm Bi, 17.7 ppm Te
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21.64–23.00 m – 1.36 m @ 0.93 g/t Au, 386 ppm Bi, 21.2 ppm Te
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Hole G25‑003:
- 89.25–94.00 m – 4.75 m @ 1.16 g/t Au, 647 ppm Bi, 37.5 ppm Te (best gold intercept)
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125.20–126.60 m – 1.40 m @ 1.03 g/t Au, 1 225 ppm Bi, 53.1 ppm Te
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Vein Density Observation: West‑central BiTe zone shows highest vein density; hole G23‑010 (outside the three reported) recorded ~24 veins/m between 218–452 m depth with abundant bismuth minerals.
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Remaining Work: All core samples have been sent to ALS Canada Ltd for analysis; results from the remaining seven holes are expected in the coming weeks.
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Drill Hole Collar Data (selected):
- G25‑001 – Easting 517,697 m, Northing 6,959,397 m, Elevation 1,805 m, Dip -50°, Azimuth 88°, Depth 208.79 m
- G25‑002 – Same coordinates, Dip -50°, Azimuth 78°, Depth 336.70 m
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G25‑003 – Easting 517,712 m, Northing 6,959,342 m, Elevation 1,781 m, Dip -50°, Azimuth 90°, Depth 425.20 m
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Qualified Person: Scott Casselman, VP Exploration, reviewed and approved the technical information (NI 43‑101).
Notable Quotes
“Rackla is encouraged that the Reduced Intrusion‑Related Gold System model appears to be the correct model for the property… While this is disappointing, there are still 7 holes to be reported, and some of these exhibited the highest vein density, strongest alteration and greatest concentration of bismuth minerals observed in the core to date.” – Simon Ridgway, CEO & Director.