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Rackla Metals Inc (2)
Symbol RAK
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Close 2026-09-16 C$ 0.24
Market Cap C$ 43,787,987
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Rackla Metals starts airborne survey at Lentung

2026-09-17 11:38 ET - News Release

Mr. Simon Ridgway reports

RACKLA COMMENCES AIRBORNE GEOPHYSICAL SURVEY ON THE LENTUNG PROJECT

Rackla Metals Inc. has launched a high-resolution magnetic and radiometric airborne survey across the 155-square-kilometre Lentung tungsten-rare-earth-element project in Northwest Territories. The program is being flown by Precision GeoSurveys Inc. of Vancouver, B.C., using a helicopter platform. Precision GeoSurveys specializes in low-level airborne geophysical surveys in mountainous terrain.

This new survey expands upon a successful drone-based magnetic pilot survey completed over the main Lentung mineralized zones in July. That initial work demonstrated a strong correlation between magnetic highs and known tungsten mineralization, likely reflecting pyrrhotite and other magnetic minerals associated with the skarn system.

The pilot survey identified a number of previously unrecognized magnetic anomalies between the Emma-Western Skarn-Stephen's Ridge anomaly and the Far West anomaly. Two of the anomalies in the central part of the survey area are of significant size. The survey also confirmed that there is strong structural control to the mineralization at each of the zones as noted by the linearity of the features in the northwest-southeast direction and the north-south direction.

"Given the success of the pilot survey in identifying the mineralized zones Union Carbide discovered by drilling, I am keen to see the results of the first property-wide airborne geophysical survey ever completed at Lentung," said Simon Ridgway, chief executive officer of Rackla Metals. "Deploying modern multisensor geophysics over both the Lentung tungsten prospects and the adjoining South Lened rare-earths target will help our geological team unravel the complex structural and igneous architecture of our flagship property -- and has the potential to lead us directly to new mineralized zones."

Drilling is continuing at Lentung. To date, over 2,000 metres of diamond drilling (20 holes) and 277 m of reverse circulation drilling (five holes) have been completed, with assays pending. Rackla is planning on completing 10,000 m of drilling during the 2026 field season, however weather will be a determining factor. Results from the initial holes are expected to be received in the next couple of weeks and we aim to have a steady flow of results from then on.

Tungsten prices continue to reach record highs, driven by Chinese export controls and rising demand from aerospace, industrial, and defence sectors. Tungsten's exceptional hardness, density and melting point make it critical for strengthening alloys, manufacturing abrasives and cutting tools, and producing corrosion-resistant electronic components.

About Lentung

The Lentung project is located in the world-class Tungsten belt, 120 km south of the Mactung tungsten deposit and 55 km north of the past-producing Cantung tungsten mine. It is 10 km from the Howards Pass access road that leads to Canadian ports. Lentung was previously explored by Union Carbide, which drilled 26,900 m between 1977 and 1982, leading to the discovery of 15 tungsten-bearing zones along a 15 km strike length.

Rackla Metals holds a 100-per-cent interest in the Lentung project.

Qualified person

Scott Casselman, BSc, PGeo, vice-president of exploration of the company, is a member of the Association of Professional Engineers and Geoscientists of British Columbia and the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists, and is the company's qualified person as defined by National Instrument 43-101. Mr. Casselman has reviewed and approved the technical information contained in this news release.

About Rackla Metals Inc.

Rackla Metals is a Vancouver-based junior exploration company focused on tungsten and rare-earth minerals in the Tombstone gold-tungsten belt of eastern Yukon and western Northwest Territories, a region hosting world-class tungsten deposits.

We seek Safe Harbor.

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