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Rackla Metals ( (TSE:RAK) ) has issued an update.
Rackla Metals Inc. announced the results of its maiden drill program at the Grad property, a RIRGS target in the Northwest Territories. The results from drill holes G25-004 to G25-008 revealed scattered, anomalous gold values but did not confirm the high-grade gold mineralization observed in previous surface samples. The company expressed disappointment in the lack of mineralization in the broad interval of sheeted quartz veining. Despite this, Rackla remains committed to working with local communities and stakeholders as it continues exploration efforts.
More about Rackla Metals
Rackla Metals Inc. operates in the mining industry, focusing on exploration and development of mineral properties. The company is primarily engaged in the search for gold and other valuable minerals, with a particular emphasis on Reduced Intrusion-Related Gold Systems (RIRGS) in the Northwest Territories of Canada.
Average Trading Volume: 1,137,401
Technical Sentiment Signal: Sell
Current Market Cap: C$26.89M
See more insights into RAK stock on TipRanks’ Stock Analysis page.