Last C$0.02 CAD
Change Today 0.00 / 0.00%
Volume 53.0K
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As of 1:04 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

rackla metals inc (RAK) Snapshot

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Previous Close
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Day Low
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52 Week High
04/9/14 - C$0.05
52 Week Low
11/25/13 - C$0.01
Market Cap
757.4K
Average Volume 10 Days
6.1K
EPS TTM
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Shares Outstanding
50.5M
EX-Date
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P/E TM
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rackla metals inc (RAK) Details

Rackla Metals Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of gold properties in the Yukon Territory, Canada. Its properties include two extensive claim blocks in the Rackla belt; an emerging trend of Carlin type gold systems in east-central Yukon; and the Sixty Mile project near Dawson City. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.

Founded in 2011

rackla metals inc (RAK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$31.5K
Chief Financial Officer
Total Annual Compensation: C$11.1K
Compensation as of Fiscal Year 2012.

rackla metals inc (RAK) Key Developments

Rackla Metals Inc. Auditor Raises 'Going Concern' Doubt

Rackla Metals Inc. filed its Annual on Apr 25, 2014 for the period ending Dec 31, 2013. In this report its auditor, Smythe Ratcliffe, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Rackla Metals Inc. Provides Exploration Update on King Solomon's Dome Property

Rackla Metals Inc. announced that the results of exploration work conducted on the company's properties during the 2013 summer season have been compiled. The results from the recent diamond drill program on Kestrel Gold Inc.'s King Solomon's Dome (KSD) property show that all three holes intersected low grade gold mineralization with some short higher grade gold intervals, for example 4.89 g/t Au over 13cm in hole DDH13-02. Hole DDH13-02 cut several intervals of gold mineralization between 34m and 127m down hole which are believed to be related to the easterly dipping Sheba Vein system and its hanging wall mineralization. The gold mineralization, although generally low grade, shows continuity with surface trench sampling and remains open to depth. The two zones of gold mineralization and increased sulphide content encountered in DDH13-01 and DDH13-03 are believed to correlate with the geophysical chargeability anomaly at depths of 217 to 224 meters and 189 - 195.5 meters respectively and also with increased sulphide content. No visible gold was encountered and no samples returned greater than 5 g/t Au in the three holes drilled. A six week geochemical sampling and mapping project was carried out on the Face project located approximately 90 kilometers northwest of Dawson City, Yukon. A total of 1109 soil samples and 115 rock samples were collected in 2013. The survey identified an irregular shaped silver-zinc anomaly (>10 ppm Ag to 88 ppm Ag; >500 ppm to 6000 ppm Zn) over an area of approximately one square kilometer underlain by black shale of the Road River Group. Rock samples of the black shale contained similar values for silver and zinc. Based on these results the size of the property was reduced by 176 claims, leaving 529 contiguous claims in good standing. The 2013 program identified the source of the anomalous gold as being from a narrow thrust fault zone.

Rackla Metals Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Rackla Metals Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported loss before income taxes of CAD 321,417 against CAD 709,576 a year ago. Net loss for the period was CAD 268,342 against CAD 709,576 a year ago. Basic and diluted loss per share was CAD 0.01 against CAD 0.02 a year ago. Cash used in operating activities was CAD 310,460 against CAD 311,903 for the same period a year ago. For the nine months, the company reported loss before income taxes of CAD 787,008 against CAD 1,180,706 a year ago. Net loss for the period was CAD 727,008 against CAD 1,180,706 a year ago. Basic and diluted loss per share was CAD 0.01 against CAD 0.03 a year ago. Cash used in operating activities was CAD 535,451 against CAD 733,972 for the same period a year ago.

 

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