Rackla Metals Provides Update on Continuing Drilling at Grad Property, NWT

Core Insights - Rackla Metals Inc. is making significant progress on its 2025 exploration program in western Northwest Territories, with a planned 4,000-meter drill program on the Grad property [1] - As of August 5, 2025, 2,058 meters have been drilled, with five holes completed and one hole (G25-006) currently in progress [1][5] - The company has observed a consistent set of sheeted quartz/sulphide+tourmaline veins across all drilled holes, with vein density averaging between 5 to 10 per meter [3] Exploration Progress - The drilling operation is averaging approximately 50 meters per shift, translating to about 100 meters per day, with a single drill rig operating continuously [1] - Completed holes G25-004 and G25-005 have been logged and are expected to have samples shipped to the lab by the end of the week [4] - The first three holes (G25-001, G25-002, and G25-003) are currently in the lab, with analytical results anticipated in the coming weeks [4] Drill Hole Details - The drill holes have been strategically placed, with G25-004 and G25-005 drilled from the same pad, targeting areas with strong quartz and quartz-tourmaline veining [3] - Hole G25-006 is a 135-meter step-out to the west of holes G25-004 and G25-005, aiming to test the extension of the vein system [3] - The planned depth for hole G25-006 is 500 meters [5] Mineralization Observations - Visual observations from the core samples indicate strong alteration and the presence of bismuthinite and/or bismuth-gold alloy in the veins [9][10] - The company is encouraged by the density of sheeted veining and the abundance of key sulphide minerals like bismuthinite [14][16] - Additional drill pad (Pad G) has been added to test the extension of the zone southeastward, furthering exploration efforts [14] Community Engagement - Rackla is committed to maintaining respectful relationships with the Sahtu Dene First Nation and local stakeholders as exploration activities progress [19]