202618 releases
Tectonic Metals Drills 241 Gt Au Over 5944 Metres Including 1182 Gt Au Over 1067 Metres And 3996 Gt Au Over 305 Metres At Alpha Bowl Flat Gold Project Alaska
Drilling at the Chicken Mountain target on the 99,840-acre Flat Gold Project in southwest Alaska returned 2.41 g/t Au over 59.44 m, including 11.82 g/t Au over 10.67 m and 39.96 g/t Au over 3.05 m, within 1.86 g/t Au over 80.77 m from surface at Alpha Bowl (CMR26-170), and 1.52 g/t Au over 42.67 m, including 27.35 g/t Au over 1.52 m, at the Adit Zone. Results cover 19 holes (approximately 2,650 m); assays for 114 holes (about 22,000 m) are pending, with a maiden resource estimate targeted for Q1 2027 and a PEA for Q2 2027.
Drill resultsTectonic Metals Appoints Eduard Epshtein as CFO, Bolstering Executive Team for Next Stage of Growth
Eduard Epshtein, CPA, CA, has been appointed Chief Financial Officer and Corporate Secretary of Tectonic Metals effective October 1, 2026, succeeding Oliver Foeste, who stepped down the same date. Epshtein was CFO of Lithium Americas Corp. from 2007 to 2023. At the Flat Gold Project in southwest Alaska, the company expects to complete its largest drill program at the end of October, a maiden Mineral Resource Estimate for Chicken Mountain in Q1 2027 and a PEA in Q2 2027. The company also granted 560,000 stock options at C$2.05 and 51,000 RSUs.
ManagementTectonic Metals Announces Results of the 2026 Annual General Meeting
All matters put to Tectonic Metals' 2026 Annual General Meeting, held September 17, 2026 in Vancouver, were approved, with shareholders representing 58.44% of outstanding common shares as of the record date represented. All six director nominees — Eira Thomas, Antonio Reda, Allison Rippin Armstrong, John Armstrong, Joseph J. Perkins and Michael W. Roper — were elected with between 99.88% and 99.89% of votes cast in favour. Shareholders also approved Davidson & Company LLP as auditors (99.95%), the Advance Notice Policy (78.55%), the Equity Incentive Plan (98.05%), the DSU Plan (98.66%) and the DSU Grants (98.67%).
CorporateTectonic Metals Drills 1.40 g/t Au Over 30.00 Metres, Including 4.58 g/t Au Over 4.50 Metres, Extending Higher-Grade Corridor to 300 Metres Vertical Depth at Chicken Mountain, Flat Gold Project, Alaska
First assay results from the 2026 drill program at Chicken Mountain, part of the 99,840-acre Flat Gold Project in southwest Alaska, cover 15 holes totalling 2,276 m. Hole CMD26-036 returned 1.40 g/t Au over 30.00 m from 183.00 m, including 4.58 g/t Au over 4.50 m, plus 0.51 g/t Au over 118.16 m from 270.00 m to the end of hole; step-out holes CMR26-141 and CMR26-142 extended the southern footprint 200 m southwest to roughly 600 m. Assays are pending from 97 holes (nearly 18,000 m), with a maiden resource estimate targeted for Q1 2027.
Drill resultsTectonic Metals Drills 5.09 g/t Au Over 21.34 Metres at Black Creek – Second Gold Centre Emerging at Flat Gold Project, Alaska
Drilling at the Black Creek target on the 99,840-acre Flat Gold Project in southwest Alaska returned 5.09 g/t Au over 21.34 m, including 17.34 g/t Au over 6.10 m, in RC hole CMR26-152; CMR26-153 returned 1.89 g/t Au over 57.91 m, including 2.75 g/t Au over 38.10 m; and diamond hole CMD26-041 returned 16.73 g/t Au over 2.20 m, including 29.91 g/t Au over 1.22 m. Both RC holes ended in mineralization, and assays are pending from six additional holes.
Drill resultsTectonic Metals Advances Investor Engagement with Leadership Appointment and Announces Equity Grants
Keren Yun has been appointed Vice President, Investor Relations of Tectonic Metals, effective June 29, 2026, leading investor relations, stakeholder engagement and capital markets communications as the Company advances the Flat Gold Project in southwestern Alaska. The Company also granted 2,146,000 incentive stock options at an exercise price of C$2.10 per share, expiring five years from the grant date, with 300,000 vesting over 36 months and the balance over 18 months. It further granted 100,000 DSUs to certain non-employee directors and 174,000 RSUs to certain executives.
ManagementOTC Markets Group Welcomes Tectonic Metals Inc. to OTCQX
Tectonic Metals has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market, and begins trading today under the symbol TETOF while remaining listed on the TSX-V as TECT. The company cited its March 2026 financing, which raised more than C$92 million, as a catalyst for the transition. Five rigs are currently drilling at its Flat Gold Project in southwestern Alaska, where 191 holes have been completed to date.
CorporateTectonic Metals Inc. Approves Advance Notice Policy
The board of Tectonic Metals has adopted an advance notice policy, effective immediately, setting deadlines for shareholder director nominations: not less than 30 days before an annual meeting (or within 10 days of the notice date if the meeting is held less than 50 days after first public announcement), and within 15 days of announcement for a special meeting. Shareholder ratification will be sought at the next annual meeting. The Company also granted 110,000 incentive stock options to new employees at C$2.40 per share, vesting over 36 months in three equal annual installments and expiring in five years.
CorporateTectonic Metals Strengthens Technical Leadership Team with Appointment of Vice President, Exploration
Maggie Layman has been appointed Vice President, Exploration, and Peter Kleespies has transitioned to Chief Geological Officer, both effective May 11, 2026. Layman is a P.Geo. with over 20 years of experience, previously Manager, Exploration for Canada and USA at Teck Resources and Vice President, Exploration at Osisko Development. Tectonic also granted 420,000 incentive stock options at C$2.50 per share, vesting over 36 months and expiring in five years, plus 21,000 RSUs to a new officer.
ManagementTectonic Metals Launches 40,000 Metre, Five-Rig Drill Program to Advance High-Grade Gold Discoveries and Deliver Maiden Resource at Flat Gold Project, Alaska
A 40,000 metre drill program (approximately 30,000 m diamond core and 10,000 m RC) using five rigs has begun at the Flat Gold Project in southwestern Alaska, funded from a roughly C$100M treasury following a C$92 million financing, and will run through late fall. Work targets expansion drilling at Chicken Mountain, a maiden NI 43-101 resource estimate there in Q1 2027, at least 5,000 m of regional discovery drilling across the 99,840-acre property, plus 15 column metallurgical tests and geotechnical, environmental and infrastructure work.
Drill resultsTectonic Raises Over C$92 Million; Completes Upsized Private Placement With Full Over-Allotment Exercised
An upsized private placement closed for aggregate gross proceeds of C$92,033,975, including full exercise of the agents' over-allotment option, through the issuance of 42,806,500 common shares at C$2.15 each. The brokered portion accounted for 37,340,361 shares and the non-brokered portion 5,466,139 shares; largest shareholder Crescat Portfolio Management bought 6,750,000 shares for C$14,512,500. Shares are subject to a hold period until July 4, 2026, with net proceeds directed to the Flat Gold Project in Alaska and general working capital.
FinancingTectonic Metals Upsizes Financing To $80 Million
A previously announced brokered best efforts private placement has been upsized to up to 37,210,000 common shares at C$2.15 per share for gross proceeds of C$80 million, led by 3L Capital Inc. with BMO Capital Markets and SCP Resource Finance LP as co-lead agents. Agents hold an option for an additional 15% and will receive a 6.0% cash commission, reduced to 2.0% on certain president's list purchases. Closing is expected on or about February 24, 2026, with proceeds to advance the Flat Gold Project.
FinancingTectonic Metals Drills 272 Metres of 0.50 g/t Au and 277 Metres of 0.49 g/t Au; Confirms Bulk-Tonnage Potential at Heap-Leachable Chicken Mountain, Flat Gold Project, Alaska
Final assays from 16 holes (9 diamond core, 7 RC) totalling about 3,535 m of the 18,373 m 2025 program at Chicken Mountain, Flat Gold Project, Alaska, included 0.50 g/t Au over 272.00 m in CMD25-031 and 0.49 g/t Au over 277.55 m in CMD25-028. Drilling has defined a mineralized envelope of 3.3 km strike, up to 700 m wide, to 300 m vertical depth, with 191 of 191 holes intersecting gold. Drilling resumes in early May 2026, with heap-leach column tests underway.
Drill resultsTectonic Metals Drills 4.50 g/t Au over 48.77 metres with 7.79 g/t Au over 24.38 metres at New Target, Flat Gold Project, Alaska
Drilling at the Black Creek Intrusion target, six kilometres north of Chicken Mountain on the 99,800-acre Flat Gold Project in Southwest Alaska, returned 4.50 g/t Au over 48.77 metres in hole CMR25-059, including 7.79 g/t Au over 24.38 metres and 15.19 g/t Au over 6.10 metres from surface. Results cover 20 exploration holes (3 diamond, 17 RC) at Black Creek, Jam, Golden Apex and Alpha Bowl, where drilling extended the Chicken Mountain–Alpha Bowl strike to 3.3 kilometres. Assays from 14 additional Chicken Mountain holes are pending.
Drill resultsTectonic Metals Drills 994 Gt Au Over 3658 Meters Including 1573 Gt Au Over 2286 Metres With 10423 Gt Au Over 305 Meters At Chicken Mountain Flat Gold Project
Drilling at the Chicken Mountain target on the 99,800-acre Flat Gold Project in Southwest Alaska returned 9.94 g/t Au over 36.58 m in hole CMR25-084, including 15.73 g/t Au over 22.86 m and 104.23 g/t Au over 3.05 m, with the hole ending in mineralization at 54.86 m. Results cover 42 holes (4 diamond core, 38 RC) totalling about 3,950 m of the 18,373 m 2025 program. Assays from 34 additional holes are pending.
Drill resultsTectonic Metals Drilling Transforms Alpha Bowl from Discovery to Emerging Large-Scale Resource Growth Opportunity: 820 m × 600 m × 400 m Gold Footprint Defined
Assay results from 24 drill holes (9 diamond core, 15 RC; about 4,800 m) at the Alpha Bowl zone of the ~99,800-acre Flat Gold Project in Southwest Alaska returned grades up to 25.16 g/t Au, including 0.85 g/t Au over 74.00 m in hole CMD25-015. Drilling defines a mineralized footprint of roughly 820 m strike by 600 m width to at least 400 m depth and links Alpha Bowl to Chicken Mountain over more than 3 km. Assays from 76 further holes are pending, with a preliminary resource estimation study planned for late 2026.
Drill resultsTectonic Appoints Co-Founder Eira Thomas as Chair of the Board
Co-founder Eira Thomas has been appointed Chair of the Board of Tectonic Metals, with former Chairperson Allison Rippin Armstrong moving to Independent Director. Yolande Lougheed was appointed Investor Relations Manager. The Company also granted 780,000 incentive stock options to directors and new employees at an exercise price of C$0.90, vesting over eighteen months in three equal installments and expiring five years from grant, plus 100,000 DSUs to certain non-employee directors and 25,000 RSUs to CEO Antonio Reda.
Management
202518 releases
Tectonic Metals Drills 4.05 g/t Au Over 30.48 Meters, Including 8.84 g/t Au Over 13.72 Metres at Flat Gold Project, Alaska
Drill hole CMR25-121 at the Adit Zone of Chicken Mountain returned 4.05 g/t gold over 30.48 metres from 53.34 metres, including 8.84 g/t over 13.72 metres and 38.10 g/t over 3.05 metres, at Tectonic Metals' ~99,800-acre Flat Gold Project in Southwest Alaska. The 11 holes reported (9 RC, 2 diamond core, about 1,460 m) form part of an 18,373 m, 125-hole 2025 program; CMR25-110 returned 0.44 g/t over 80.77 m. Assays from 103 further holes are expected in Q1 2026.
Drill resultsTectonic Metals to Host Second “Virtual Drill Core Shack” Webcast on December 3, 2025
A second Virtual Drill Core Shack webcast will be held on Wednesday, December 3, 2025 at 07:00 AM Pacific Time (10:00 AM Eastern), following an inaugural event on September 4, 2025. Tectonic's technical team will review drill core photographs and geological observations, including lithologies, alteration, veining styles and mineralogy, from the 2025 Phase 2 drill program at the Flat Gold Project in southwestern Alaska. Assay results for the Phase 2 holes discussed are pending, and no new material exploration results will be released.
CorporateTectonic Metals Intersects 1.46 g/t Au Over 26 Metres Within Broader Zone of 0.69 g/t Au Over 125 Metres in First 2025 Drill Hole at Chicken Mountain, Flat Gold Project, Alaska
Drilling at Chicken Mountain, part of the ~99,800-acre Flat Gold Project in southwestern Alaska, returned 1.46 g/t Au over 26.00 m within 0.91 g/t Au over 52.00 m, within 0.69 g/t Au over 124.97 m in hole CMD25-011, plus 1.10 g/t Au over 34.00 m in CMD25-014 and 1.08 g/t Au over 18.29 m in RC hole CMR25-050. Results cover 10 of 79 holes drilled there; the 2025 program totalled 18,373 m in 125 holes. A virtual core shack webcast is set for December 3, 2025.
Drill resultsTectonic Metals Delivers Record 18,372 Metres Across 125 Drill Holes at Flat Gold Project, Alaska
A two-phase 2025 drill program totalling 18,372 m in 125 holes has been completed at the Flat Gold Project in southwestern Alaska, with Phase One drilling 7,718 m in 48 holes and Phase Two 10,654 m in 77 holes across the Alpha Bowl, Chicken Mountain, Golden Apex, Black Creek and Jam targets. The company raised approximately $33.9M in 2025. All samples are at the labs, with assays expected through Q4 2025 and into 2026; the next drill program is targeted for April/May 2026.
Drill resultsTectonic Metals Announces Phase Two Drilling at Flat Gold Project, Alaska
Phase Two drilling at the Flat Gold Project in southwestern Alaska began August 15 and runs through late October 2025, using two diamond core rigs and one RC rig with a target of over 9,000 metres, bringing 2025 totals above 16,000 metres. Work focuses on delineation drilling across 1 km of strike at Chicken Mountain to support a maiden mineral resource estimate, plus step-out drilling at Alpha Bowl. Tectonic also granted 260,000 stock options at C$1.25.
Drill resultsTectonic Metals Announces Results of 2025 Annual General Meeting
Shareholders holding over 42 percent of outstanding shares as at the record date approved all matters at Tectonic Metals' Annual General Meeting held September 18, 2025. Antonio Reda, Allison Rippin Armstrong, Joseph J. Perkins, John Armstrong and Michael W. Roper were re-elected to the Board, Davidson & Company LLP was re-appointed as auditor with the Board authorized to fix remuneration, and the Company's rolling equity incentive plan was approved.
CorporateTectonic Metals Intersects 223 Gt Au Over 4115 Metres Including 400 Gt Au Over 21 Metres With 1325 Gt Au Over 457 Metres In First 2025 Rc Drill Hole At Flat Gold Project
Drill hole CMR25-035 at the Alpha Bowl target of the Flat Gold Project in southwestern Alaska returned 2.23 g/t gold over 41.15 m, including 4.00 g/t over 21.34 m and 13.25 g/t over 4.57 m, plus 0.58 g/t over 45.72 m near surface; the RC hole was drilled to 124.97 m, 250 m along strike and 200 m east of the 2024 discovery hole. It is the first assay from a 7,718 m, 48-hole Phase One program, with 47 holes pending and Phase Two drilling underway. Tectonic also paid an additional $100,096 cash commission and issued 105,364 more compensation warrants for its August private placement.
Drill resultsTectonic Metals Announces Virtual Drill Core Shack and Completion of Phase One Drill Program at Flat Gold Project
Phase One drilling at the Flat Gold Project in southwestern Alaska is complete, totalling 7,718 metres across 48 diamond and RC holes at the Alpha Bowl, Chicken Mountain, Golden Apex, Black Creek and Jam targets, with assays pending. A 2,125 line-kilometre high-resolution drone airborne magnetic survey was also completed. Phase Two drilling has commenced and will advance Chicken Mountain toward a maiden inferred mineral resource estimate. A Virtual Drill Core Shack webcast is scheduled for September 4, 2025 at 07:00 AM Pacific Time.
CorporateTectonic Completes Upsized Private Placement Raising C$21.2 Million
An upsized private placement closed for gross proceeds of C$21,207,639 through the issuance of 22,323,831 common shares at C$0.95 per share, comprising a brokered offering led by 3L Capital Inc. with Canaccord Genuity Corp. and Research Capital Corporation, and a non-brokered portion. Largest shareholder Crescat Capital LLC, holder of about 20.98% of shares, bought 3,157,895 shares for $3,000,000.25. Cash commissions and advisory fees of $913,711 were paid and 962,722 compensation warrants issued, exercisable at $1.23 until February 20, 2027. Net proceeds will advance the Flat Gold Project in Alaska and fund working capital.
FinancingTectonic Metals Announces Increase to the LIFE Portion of its Previously Announced up to $19.0 Million Financing
The listed issuer financing exemption (LIFE) portion of Tectonic Metals' previously announced offering has been increased by C$7.1 million, to up to 14,736,842 common shares for gross proceeds of up to C$14,000,000, with a corresponding reduction in the shares allocated to the accredited investor exemption, now 5,263,158 shares. The overall offering remains up to 20,000,000 common shares at C$0.95 per share for up to C$19 million, led by 3L Capital Inc. with Canaccord Genuity Corp. and Research Capital Corporation, and is expected to close on or about August 20, 2025, subject to TSXV approval. Related parties are expected to participate.
FinancingTectonic Metals Upsizes Financing to up to $19 Million Due to Strong Investor Demand
A previously announced financing has been upsized to up to 20,000,000 common shares at C$0.95 each for gross proceeds of up to C$19 million, comprising a brokered offering led by 3L Capital Inc. with Canaccord Genuity and Research Capital, plus a non-brokered portion, with up to C$6,900,000 issued as LIFE shares and an agents' option for an additional 15%. Largest shareholder Crescat Capital LLC, holding about 20.98%, increased its investment to $3,000,000 from $2,000,000. Closing is expected on or about August 20, 2025, with proceeds directed to the Flat Gold Project in Alaska and general corporate purposes.
FinancingTectonic Metals Announces Financing of up To $13.5 Million to Accelerate and Expand Drilling Campaign at Flat Gold Project
An offering of up to 14,210,526 common shares at C$0.95 per share for gross proceeds of up to C$13,500,000 has been launched on a brokered and non-brokered basis, with 3L Capital as lead agent and a 20% agents' option. Largest shareholder Crescat Capital LLC, holding about 20.98%, will invest $2,000,000 for Hold Shares. Up to C$6,900,000 will be raised as LIFE Shares; closing is expected on or about August 20, 2025, with proceeds advancing the Flat Gold Project in Alaska.
FinancingTectonic Metals Welcomes Dr. Richard Goldfarb, Distinguished Geologist and Global Expert in Orogenic Gold Systems and Alaskan Geology to Technical Advisory Team
Dr. Richard Goldfarb has been appointed to Tectonic Metals' Technical Advisory Committee, bringing over 40 years of experience including 35 years with the U.S. Geological Survey, more than 250 peer-reviewed publications, and the 2023 SEG Penrose Gold Medal. He previously conducted resource assessment work at the Flat Gold Project in the 1980s and metallogenic studies at Donlin Gold. The appointment comes as a Phase One diamond and reverse circulation drill program is underway at Flat, Alaska.
ManagementTectonic Metals Launches Largest Drill Program to Date With Three Drill Rigs at Flat Gold Project, Alaska
A three-rig 2025 Phase One drill program has begun at the Flat Gold Project in southwestern Alaska, with two rigs on site and a third en route, targeting the Alpha Bowl oxide discovery with diamond holes up to 300 metres plus reverse circulation drilling, PQ core for two-inch crush heap leach column tests, and step-out drilling at the untested Golden Apex intrusion target. Tectonic also granted 3,860,000 stock options at C$0.75, vesting over 18 months and expiring in five years.
Drill resultsTectonic Metals Closes $12.7 Million Financing – More Than 80% Oversubscribed – to Launch Multi-Rig Drill Program at Flat Gold Project
A non-brokered private placement closed for gross proceeds of C$12,736,300, against an initial C$7 million target, through the issue of 25,472,600 post-consolidation units, each comprising one common share and one warrant exercisable at C$0.75 until May 20, 2027; finders' fees totalled C$335,700 plus 671,400 finder's warrants. Crescat Capital and its principals contributed C$3.5 million. Proceeds will fund the 2025 Phase I multi-rig drill program at the Flat Gold Project in Alaska, following up the Alpha Bowl discovery. Tectonic also completed a 10-for-1 share consolidation on May 20, 2025, reducing 419,853,777 shares to 41,985,370.
FinancingTectonic Announces Share Consolidation Effective Date
The TSX Venture Exchange has approved a share consolidation on the basis of one post-consolidated common share for every ten pre-consolidated shares, effective at the opening of trading at 9:30 a.m. Eastern Time on May 20, 2025. The 419,853,777 shares currently outstanding will become 41,985,378 post-consolidated shares, excluding shares issuable under the previously announced non-brokered private placement. There is no name or symbol change; the new CUSIP is 87877T608 and ISIN CA87877T6088, with fractional interests rounded down.
CorporateTectonic Metals Secures Over $5 Million in Strategic Funding Led by Crescat Capital; Launches $7 Million Financing to Fund 2025 Drilling
A non-brokered private placement of up to 140,000,000 units at C$0.05 per unit for gross proceeds of up to C$7,000,000 has been launched, with over C$5,000,000 already secured from strategic funds including a C$2,000,000 cornerstone investment from Crescat Capital. Each unit includes one warrant exercisable at C$0.075 for two years; closing is expected on or about May 16, 2025. Proceeds will fund the May 2025 Phase One drill program at Alpha Bowl, part of the Flat Gold Project in Alaska. Tectonic also intends to complete a 10-for-1 share consolidation, reducing 419,853,777 shares to approximately 41,985,378.
FinancingTectonic Metals Drills New Gold Discovery 655 Metres Of 12 Gt Au Including 61 Metres Of 60 Gt Au With 15 Metres Of 217 Gt Au Drilled Mineralized Strike Now 3Kms And Still Open
Drilling at the Alpha Bowl target on the Flat Gold Project in Alaska returned 65.53 metres of 1.22 g/t Au from surface in hole CMR24-026, including 18.29 metres of 2.22 g/t Au, 6.10 metres of 6.01 g/t Au and 1.52 metres of 21.72 g/t Au. A second 500g split of the same hole graded 65.53 metres of 2.13 g/t Au, including 1.52 metres of 67.18 g/t Au. All five Alpha Bowl holes intersected gold, extending drilled mineralized strike at Chicken Mountain from 2 km to 3 km.
Drill results
202411 releases
Tectonic Metals Surpasses C$5M In Capital Raised With Oversubscribed Private Placement To Advance Flat Gold Project
The second tranche of an extended non-brokered private placement has closed, with 28,195,200 units issued on November 1, 2024 at C$0.06 per unit for gross proceeds of C$1,691,712; each unit includes one common share and one-half warrant exercisable at C$0.10 for two years. Combined with the first tranche and the initial offering announced July 15, 2024, cumulative gross proceeds total C$5,349,171, directed to the Flat Gold Project in Alaska. Finders received C$98,143 in cash and 1,635,714 warrants, and the company granted 9,000,000 stock options at $0.10.
FinancingTectonic Metals Closes First Tranche Of Extended Private Placement Offering
The first tranche of an extended C$1.0 million non-brokered private placement closed on October 3, 2024, with 9,780,334 units issued at C$0.06 per unit for gross proceeds of C$586,820, bringing total proceeds including the original offering to C$3,657,459. Each unit includes one common share and one-half warrant exercisable at C$0.10 for two years; finders received C$27,720 in cash fees and 462,000 warrants. A second tranche is expected within 30 days, with proceeds directed to the Flat Gold Project and working capital.
FinancingTectonic Metals Announces Results Of 2024 Annual General Meeting
Shareholders approved all matters voted on at Tectonic Metals' Annual General Meeting, held online on Thursday, September 19, 2024. These included the re-election of Antonio Reda, Allison Rippin Armstrong, Joseph J. Perkins, John Armstrong and Michael W. Roper to the Board of Directors, the re-appointment of Davidson & Company LLP as auditors, and approval of the Company's Equity Incentive plan.
CorporateTectonic Metals Achieves 96% Gold Recovery From First-Ever Heap Leach Column Tests on a Mix of Oxidized and Non-Oxidized Fresh Mineralized Rock From Flat Gold Project
First heap leach column tests at the Flat Gold Project in Alaska returned gold recoveries of 95.7% and 90.9% over 70 days from two composites crushed to 100% passing ¾ inch, with calculated head grades of 1.15 g/t and 0.99 g/t Au and cyanide consumption of 0.87 kg/t and 0.80 kg/t. Over 80% recovery was reached within 29 days for the higher-grade composite and 36 days for the lower-grade composite; no agglomeration was required.
Study resultsTectonic Metals Launches 2024 Drilling Program at the Flat Gold Project, Alaska
Drilling has begun on the 2024 program at the 99,000-acre Flat Gold Project in southwestern Alaska, the company's second year of drilling at the intrusion-hosted system. Reverse circulation drilling will follow up higher-grade corridors identified in 2023 at Chicken Mountain and the Adit-Happy Structure, and will test the previously undrilled Alpha Bowl and Golden Apex targets for the first time. Initial drill assay results are expected by the end of October 2024.
Drill resultsTectonic Metals Assaying Uncovers New Mineralized Zones & Validates Reduced Intrusion-Related Gold System At Golden Apex, Flat Gold Project
Assay results from four historical 2003 core holes at the Flat Gold Project, Alaska, totalling 1,043.5 metres with 720 metres newly assayed by Tectonic, identified new gold zones and validated a Reduced Intrusion-Related Gold System at the Golden Apex target. Golden Apex hole GA03-02 returned 12.34 m at 1.08 g/t Au and 22.86 m at 1.00 g/t Au. At Chicken Mountain, CM03-25 returned 263.65 m at 0.40 g/t Au, including 35.06 m at 1.05 g/t and 7.62 m at 5.66 g/t.
Drill resultsTectonic Metals Set to Commence Drilling After Successfully Closing Oversubscribed $3 Million Private Placement; Extends Offering by $1 Million
A non-brokered private placement closed for gross proceeds of C$3,070,639 through the issue of 51,177,317 units at C$0.06 per unit, each unit comprising one share and half a warrant exercisable at C$0.10 for two years; finders received C$100,166.35 in cash and 1,669,439 warrants. The offering is being extended for up to 16,666,667 additional units for up to C$1,000,000, closing on or about September 30, 2024. Proceeds will fund the 2024 drill program at the Flat Gold Project in Alaska and working capital. Jesse Manna was appointed Investor Relations, and 2,600,000 stock options were granted at C$0.09.
FinancingCrescat Capital Leads Tectonic Metals $3 Million Private Placement Including Life Offering to Fund the 2024 Drill Program
A non-brokered private placement of up to 50,000,000 units at C$0.06 per unit for gross proceeds of up to C$3,000,000 is being led by strategic shareholder Crescat Capital, with up to 41,666,667 units (C$2,500,000) issued under the listed issuer financing exemption and 8,333,333 units (C$500,000) under accredited investor exemptions. Each unit includes one share and one-half warrant exercisable at C$0.10 for two years. Proceeds will advance the Flat Gold Project in Alaska and general working capital, with closing expected on or about August 15, 2024.
FinancingTectonic Initiates Heap Leach Metallurgical Testing On Flat Gold Project
A multi-phase metallurgical column test program has been launched at the Chicken Mountain bulk-tonnage intrusion target, one of six district-scale intrusion targets within the 99,840 acre Flat Gold Project in southwestern Alaska, to test low-cost heap leaching. Phase one uses two composites from historic ½ NQ diamond core: a lower-grade composite of 25 intervals from six holes (91.70 kg) and a higher-grade composite of 22 intervals from nine holes (83.90 kg). Testing includes head assays, bottle roll leaches and column leaching of minus ¾ inch material at Base Metallurgical Laboratories in Kamloops, British Columbia.
Study resultsTectonic Metals Appoints Dr. John Armstrong To The Board Of Directors
Dr. John P. Armstrong, Ph.D., P Geol., has been appointed to the Board of Directors of Tectonic Metals, while Curtis J. Freeman has resigned from the Board. Armstrong has more than 30 years of experience in mining, mineral exploration and government, including over 10 years at Lucara Diamond Corp. The Company also granted 800,000 incentive stock options to a director and key consultant, with a five-year term, vesting periods up to three years and an exercise price of $0.10 per share.
ManagementTectonic Metals Inaugural 2023 Drilling Intersects Gold Mineralizaiton In Every Drill Hole Extending Mineralization 1.8 Km Along Strike And To A Vertical Depth Of 300 M At Flat Gold Project
All 19 holes from the inaugural 2023 drill program at the Chicken Mountain target on the Flat Gold Project in Alaska intersected gold mineralization, with 12 ending in mineralization, totalling 2,633 m across 1.6 km of strike to a maximum 300 m vertical depth. Results include 423.15 m at 0.41 g/t Au over the entire hole CMD23-001, including 37.32 m at 1.02 g/t Au, and 344.61 m at 0.36 g/t Au in CMD23-002, including 36.40 m at 1.22 g/t Au. Drilling and historical data define 1.8 km of mineralized strike; 2024 plans include further Chicken Mountain drilling and target generation on five other intrusions.
Drill results
202317 releases
Tectonic Metals Provides End of Season Update and Site Visit Tour Video For the Flat Gold Project
The first drill program at the Flat Gold Project in Alaska has been completed, with 19 holes totalling 2,633 metres at Chicken Mountain, comprising 915 metres of oriented diamond drilling in 3 holes to a maximum depth of 428.5 metres and 1,718 metres of reverse circulation drilling in 16 holes. Samples were submitted to ALS Global, with assay results expected in Q1 2024. Work also included a 4,100-foot airstrip upgrade, a 24-person camp, 49 rock samples, and a LiDAR/orthophoto survey over ~237 square kilometres.
CorporateTectonic Metals Garners Strong Backing from Warrant Holders and Successfully Concludes Early Exercise Warrant Incentive Program
The early exercise warrant incentive program announced October 6, 2023 closed with 15,793,336 warrants exercised for gross proceeds of CA$1,579,334, representing 80% participation, and 15,793,336 incentive warrants issued exercisable at CA$0.13 for two years, subject to a hold period ending March 8, 2024 and final TSXV acceptance. Crescat Capital subscribed for 7,083,334 shares for CA$708,333, raising its holding from about 20.6% to 22.3%. Shares outstanding total 330,700,925, with 2,049,500 May Warrants and 1,841,668 July Warrants remaining.
FinancingTectonic Metals Acquires Three Additional Potential Intrusions On-Trend with the Flat Gold Project
7,680 acres (48 x 160-acre state claims) have been added immediately north of and contiguous with the 92,160-acre Flat Gold Project in Alaska, comprising 2,720 acres leased from a third party and 4,960 acres staked by Tectonic. The ground covers three geophysical anomalies interpreted as potential intrusions along a 20km trend. Lease terms include US$25,000 on execution, US$25,000 annually for years one to three, US$50,000 annually thereafter, a US$200,000 purchase option before the sixth anniversary, staged work expenditures to 2028, and a 2.0% NSR reducible to 1% for US$1,500,000.
AcquisitionTectonic Metals Announces Early Exercise Warrant Incentive Program To Boost Funding For Flat Gold Project And On-Trend New Project Opportunities
An early exercise warrant incentive program will run from 12:00 a.m. PST October 10, 2023 to 12:00 p.m. PST November 8, 2023, offering holders of 16,092,835 warrants issued May 30, 2022 and 3,591,670 issued July 8, 2022, each exercisable at $0.10, one incentive warrant per warrant exercised, priced at $0.13 for two years. Proceeds will advance the Flat Gold Project in Alaska, select new project opportunities and working capital. Insiders hold 7,083,334 of the May warrants.
FinancingTectonic Metals Announces Crescat Becoming a Control Person and Closing of Related Tranche
A final tranche of the previously announced private placement closed for gross proceeds of $560,000, comprising 5,090,909 units at $0.11, each unit holding one common share and one-half warrant exercisable at $0.15 for 24 months. The unbrokered tranche was taken up by Crescat Capital LLC, which received disinterested shareholder approval on September 21, 2023 and TSXV approval to become a Control Person, lifting its holding from about 19.9% to roughly 20.59%. Aggregate offering proceeds total $8,229,881, directed to the Flat gold project in Alaska and working capital.
FinancingTectonic Metals Announces Results of Annual General and Special Meeting
Shareholders approved all matters voted on at Tectonic Metals' Annual General and Special Meeting held September 21, 2023, including the re-election of Antonio Reda, Curtis J. Freeman, Allison Rippin Armstrong, Joseph J. Perkins and Michael W. Roper as directors, and the re-appointment of Davidson & Company LLP as auditors. Also approved were special resolutions authorizing Crescat Capital as a new control person and a potential share consolidation of up to 20 pre-consolidation shares into one, plus the Amended Equity Incentive Plan. The Company has no current plans to enact a consolidation.
CorporateTectonic Metals Announces Drilling on the Flat Gold Project and Provides Corporate Update
Diamond drilling has commenced at the Flat Gold Project in Alaska, which Tectonic is assessing in partnership with Doyon Limited, with oriented drilling to 400 metres of depth planned to define structural characteristics of gold mineralization at Chicken Mountain and test whether mineralization intensifies at depth. A resolution included in the September 21, 2023 special and annual general meeting circular would enable, but not require, a share consolidation of up to twenty pre-consolidation shares for one post-consolidation share; the Company has no current plans to enact it.
Drill resultsTectonic Metals Attracts Leading Exploration and Mining Experts to Form Technical Advisory Committee
A Technical Advisory Committee has been formed to guide exploration at the Flat Gold Project in Alaska, with members Fred Lightner, Mark Smith, Dr. Ian Basson, Michael McCall and Dr. Corné Koegelenberg, covering structural economic geology, metallurgical processing and mining. The company also granted 5,425,000 stock options to directors, officers, advisors and employees at an exercise price of $0.13 per share, with service and performance based vesting, including 950,000 options tied to Flat Gold Project key performance indicators, and expiries of two to five years.
ManagementTectonic Metals Closes Second Tranche; $7.67 Million Raised In Oversubscribed Offering
The second tranche of a brokered private placement closed for gross proceeds of $4,323,096 through the issuance of 39,300,873 units at $0.11 each, bringing aggregate proceeds from both tranches to approximately $7.67 million. Each unit includes one common share and one-half warrant exercisable at $0.15 for 24 months. Largest shareholder Crescat Portfolio Management subscribed for 9,000,000 units for $990,000 and agreed to a third tranche of 4,636,364 units for $510,000, subject to disinterested shareholder approval at the September 21, 2023 annual general meeting and TSXV approval. Net proceeds will advance the Flat Gold Project and general working capital.
FinancingTectonic Metals to Host Webcast Today with Crescat Capital Discussing Their Strategic Investment and the 2023 Drill Program at the Flat Gold Project
A webcast will be held today at 11:00 AM Pacific Time with President and CEO Tony Reda and Crescat Capital Founder and CIO Kevin Smith to discuss Crescat's commitment of up to $2 million in additional investment in Tectonic and the inaugural 2023 drill program at the Flat Gold Project in Alaska, held in partnership with Doyon Limited.
CorporateCrescat Capital Seizes Opportunity with $2 Million Investment in Tectonic Metals Ahead of Drills Turning in August at Flat Gold Project
A second tranche of Tectonic Metals' previously announced private placement has been launched at $0.11 per unit, with Crescat Capital committing up to an additional $2,000,000; total gross proceeds across all tranches may reach $6,000,000, following a first tranche that closed June 26, 2023 for $3,346,785. Each unit includes one common share and half a warrant exercisable at $0.15 for 24 months. Closing has been extended to August 11, 2023, with proceeds directed to the Flat Gold Project in Alaska.
FinancingTectonic Metals Set to Launch Inaugural 2023 Drill Program to Unlock the Tier-One Potential of the Flat Gold Project
A 5,000 metre two-phase drill program is planned at the Flat Gold Project in Southwest Alaska, with drilling expected to commence mid-August. Phase 1 oriented diamond core drilling will step down along roughly 900 metres of the Chicken Mountain Trend to maximum hole depths of 400m, beneath historical holes that returned 12.6 g/t Au over 24.7m (including 211.3 g/t Au over 1.4m) and 0.55 g/t Au over 141.7m, and will test Chicken Mountain East and Golden Apex. Phase 2 RC drilling, starting mid to late August, will test the 4 km gold-in-soil anomaly. A webcast with Crescat Capital's Kevin Smith is set for July 18th.
Drill resultsTectonic Metals Engages Market Climber for Investor Relations Services
An agreement with Market Climber Inc. for investor relations services has been signed, subject to TSX Venture Exchange acceptance. The engagement is month-to-month effective June 30, 2023 at CA$10,000 per month plus applicable taxes and reasonable expenses, covering corporate marketing materials, investor targeting and engagement, relationship management and capital market advisory. Neither MCI nor its principals currently hold any direct or indirect interest in Tectonic securities.
CorporateTectonic Metals Closes First Tranche of Private Placement
The first tranche of a private placement announced May 9, 2023 closed for gross proceeds of $3,346,784.76, through 30,425,316 units at $0.11 per unit, each unit comprising one common share and one-half warrant exercisable at C$0.15 for 24 months. Largest shareholder Crescat Portfolio Management LLC subscribed for 5,987,880 units for $658,666.80, maintaining its 19.56% holding. Agents received $83,522.56 in cash commission and 759,296 compensation warrants; net proceeds will advance the Flat Gold Project and general working capital.
FinancingTectonic Metals Announces C$6,000,000 Private Placement with Strategic Investment by Crescat To Fund The Inaugural 2023 Drilling of Flat Project
A best efforts private placement of up to C$6,000,000 has been agreed with Canaccord Genuity Corp. as lead agent, priced at C$0.11 per unit, each unit comprising one common share and one-half warrant exercisable at C$0.15 for 24 months. Up to C$5,000,000 will be offered under the listed issuer financing exemption, with purchasers receiving LIFE units and hold units in a 5:1 ratio; Crescat Capital, holder of 19.56% of shares, will participate. Proceeds will advance the Flat Gold Project, with closing expected on or about May 30, 2023.
FinancingTectonic Reports Gold Recoveries To 96.8% From Coarse Crush Bottle Rolls Warranting Investigation Into Heap Leaching
Metallurgical testing at the Flat Gold Project in southwestern Alaska returned average gold recoveries of 95.6% (range 88.3% to 99.1%) from 48-hour bottle roll tests on material ground to a K80 of 75µm, and 97.2% average from combined gravity plus bottle roll tests. Coarse crush bottle rolls at 6 mesh (K100 3360µm) over 192 hours averaged 88.5% recovery, with four of five composites averaging 94.0% and a high of 96.8%. Cyanide consumption averaged 0.22 kg/t. Column leach testing is planned as the next step.
Study resultsTectonic Terminates Lease On Seventymile Gold Project, Alaska
The mineral lease agreement with Doyon, Limited on the Seventymile Gold Project in Alaska has been terminated in accordance with the lease terms. Tectonic explored Seventymile over three seasons, testing three exploration theses and encountering gold at surface and in drilling each season. The company states its district-scale Flat Gold Project is its primary focus for 2023.
Corporate
202219 releases
Tectonic Announces Completion Of 2022 Inaugural Field Program At Flat Gold Project, Alaska
Tectonic Metals has completed its inaugural field program at the Flat Gold Project in Alaska's Kuskokwim Mineral Belt, 40 km north of Donlin Gold, marking the first exploration at the property in more than 20 years. Work at the Chicken Mountain target included 273 m in three new trenches, 180 continuous channel samples and 18 grab samples, plus sampling of seven historic bedrock exposures yielding 71 m of channel samples and seven grabs. A comprehensive 2023 program including drilling is planned.
Drill resultsTectonic Metals Closes $3.1 Million Private Placement Financing
A non-brokered private placement closed with the issuance of 38,761,250 units at C$0.08 per unit for gross proceeds of C$3,100,900, each unit comprising one common share and one warrant exercisable at C$0.12 for two years. Finders Haywood Securities Inc. and Gerhard Merkel received cash fees of C$48,330 and 604,125 finder's warrants at C$0.12 expiring November 17, 2024. A related party subscribed for 4,750,000 units for C$380,000. Proceeds will advance the Flat Gold Project and general working capital.
FinancingTectonic Upsizes Non-Brokered Private Placement
A non-brokered private placement first announced October 27, 2022 has been upsized from up to C$2,000,000 to up to C$3,100,900, consisting of up to 38,761,250 units at C$0.08 per unit. Each unit includes one common share and one warrant exercisable at C$0.12 for two years from closing. Proceeds will advance the Flat Gold Project and provide general working capital, with closing subject to TSXV conditional acceptance and a four-month hold period.
FinancingTectonic Announces Strategic Investment by Crescat Capital as Part of a C$2 Million Non-Brokered Private Placement
A non-brokered private placement of up to 25,000,000 units at C$0.08 per unit for gross proceeds of up to C$2,000,000 is being anchored by strategic shareholder Crescat Capital, in association with geologist Dr. Quinton Hennigh. Each unit includes one common share and one warrant exercisable at C$0.12 for two years from closing. Proceeds will advance the Flat Gold Project and provide general working capital, with closing subject to TSXV conditional acceptance and a four-month hold period.
FinancingTectonic Metals Appoints New CFO
Oliver Foeste, CPA, CA has been appointed Chief Financial Officer and Corporate Secretary of Tectonic Metals, effective immediately, replacing Xavier Wenzel. Foeste is founder and Managing Partner of Invictus Accounting Group LLP and previously held senior finance and accounting roles at TSX, TSXV and NYSE listed issuers. In connection with the appointment, the Company granted 400,000 stock options at an exercise price of $0.10 per share.
ManagementTectonic Metals Announces Results of Annual General and Special Meeting
Shareholders approved all matters put to a vote at Tectonic Metals' Annual General and Special Meeting held Thursday, September 22, 2022 in Vancouver, B.C. and online. Antonio Reda, Curtis J. Freeman, Allison Rippin Armstrong, Joseph J. Perkins and Michael W. Roper were re-elected to the board, Davidson & Company LLP was re-appointed as auditors, and the Company's new Equity Incentive Plan was adopted.
CorporateTectonic Drills 59.4 G/T Au Over 1.53 Metres At Seventymile Gold Project, Alaska
Drilling at the Seventymile Gold Project in eastern Alaska returned 59.40 g/t Au over 1.53 m in hole SMRC22-002 at the Flanders prospect. The 2022 reverse circulation program comprised nine holes over 1,412 m, with all holes intersecting gold mineralization, including 3.00 g/t Au over 4.57 m at Flanders and, at Flume, 1.68 g/t Au over 13.71 m, 3.46 g/t Au over 4.57 m and 1.98 g/t Au over 10.67 m. Tectonic will integrate the data with existing datasets over the next few months.
Drill resultsTectonic Launches Metallurgical Test Program At Flat Gold Project, Alaska
A baseline metallurgical testwork program has begun at the Flat Gold Project in southwestern Alaska, 40km north of the Donlin Gold Project, focused on the Chicken Mountain Zone. Forty historic (1997-1998) mineralized half-core drill intervals from the Upper Flat and Holy Cross targets were composited into four samples and sent to Base Metallurgical Laboratories in Kamloops, British Columbia. Testing will assess cyanide leaching, rougher flotation and gravity separation at 75 µm and 150 µm target grind sizes.
Study resultsTectonic Metals Announces the Appointment of a New Director
Joseph J. Perkins has been appointed to Tectonic Metals' Board of Directors as an independent director. Perkins is a natural resources lawyer who has practiced in Alaska since 1979, first with Guess & Rudd P.C. and for the last 14 years with Stoel Rives LLP, and has worked on projects including the Greens Creek, Fort Knox, Red Dog and Pogo mines. He was granted 500,000 incentive stock options at an exercise price of $0.10 per share, with a five-year term.
ManagementTectonic Metals Closes Second Tranche of Non-Brokered Private Placement Financing; Announces Stock Option Grant
The second tranche of the previously announced non-brokered private placement closed with the issuance of 7,183,339 units at C$0.06 per unit for gross proceeds of C$431,000, each unit comprising one common share and one-half warrant exercisable at C$0.10 for two years. Finder Gerhard Merkel received cash fees of C$24,900.02 and 415,000 finder's warrants at C$0.10 expiring July 8, 2024. Proceeds will advance the Company's projects and general working capital. Tectonic also granted 3,050,000 incentive stock options at C$0.10 to directors, officers and key consultants.
FinancingTectonic Metals Kicks Off 2022 Drill Program At Seventymile Gold Project, Alaska
Drilling has begun at the Seventymile Gold Project in eastern Alaska, an underexplored greenstone belt of more than 40 km covering roughly 150,000 acres of Native-owned land held by Doyon, Ltd. The program targets three prospects along the 8 km Flume trend — Flanders, Flume and Alder — testing both the interpreted main gold-bearing shear zone and the width, scale and continuity of shallowly dipping tension veins. Historical drilling at Flanders returned 104.75 g/t Au over 1.52 m and 5.30 g/t Au over 15.24 m.
Drill resultsTectonic Metals Announces Extension of Non-brokered Private Placement
The TSX Venture Exchange has granted a 30-day extension to complete Tectonic Metals' non-brokered private placement first announced April 25, 2022, with the conditional approval period now expiring July 8, 2022. The offering provides for up to 50,000,000 units at C$0.06 per unit for gross proceeds of up to C$3,000,000, each unit including one common share and one-half warrant exercisable at C$0.10 for two years. A first tranche closed May 30, 2022 for C$1,931,140, with proceeds directed to the Tibbs and Seventymile properties and working capital.
FinancingTectonic Metals Closes First Tranche Of $3 Million Private Placement Financing
The first tranche of a previously announced non-brokered private placement has closed, with 32,185,666 units issued at C$0.06 per unit for gross proceeds of C$1,931,140. Each unit includes one common share and one-half warrant exercisable at C$0.10 for two years, subject to acceleration if the volume-weighted average share price reaches C$0.20 for 20 consecutive trading days. Finders' fees of C$5,648.40 and 94,140 finder's warrants were paid to Haywood Securities and PI Financial. Proceeds will advance the Company's projects and working capital.
FinancingTectonic Metals Announces Strategic Investment by Leading Alaskan Native Regional Corporation, Doyon, Ltd.
Doyon, Ltd., Tectonic Metals' largest shareholder and Alaska's largest private landholder, is participating in the previously announced C$3,000,000 non-brokered private placement led by Crescat Capital LLC. The offering comprises up to 50,000,000 units at C$0.06 per unit, each with one common share and one-half warrant exercisable at C$0.10 for two years, with an acceleration clause at a 20-day VWAP of C$0.20 or greater. Proceeds will advance the Tibbs and Seventymile properties and general working capital; the TSXV conditionally approved the offering on May 9, 2022.
FinancingTectonic Metals’ CEO, Tony Reda, Presenting At VRIC, May 17, 2022
CEO Tony Reda will present at the Vancouver Resource Investment Conference at 2:00 pm on Tuesday, May 17, in Workshop 4, with the conference running May 17-18, 2022 at the Vancouver Convention Centre. The presentation will cover the company's gold exploration projects at Flat, Seventymile and Tibbs in Alaska. Tectonic will also host booth #808 during the conference.
CorporateTectonic Announces Strategic Investment by Crescat Capital as Part of a C$3 Million Non-brokered Private Placement
A non-brokered private placement of up to 50,000,000 units at C$0.06 per unit for gross proceeds of up to C$3,000,000 is being anchored by existing shareholder Crescat Capital LLC. Each unit includes one common share and one-half warrant exercisable at C$0.10 for two years, subject to acceleration if the 20-day VWAP reaches C$0.20 or more. Proceeds will advance the Tibbs and Seventymile properties in Alaska and for general working capital; closing requires TSXV acceptance.
FinancingTectonic Announces the Appointment of Peter Kleespies as Vice President, Exploration
Peter Kleespies, M.Sc., has been appointed Vice President, Exploration of Tectonic Metals, effective immediately, succeeding Eric Buitenhuis. Kleespies has over 30 years of corporate and mineral exploration experience, including work with BHP and programs at the High Lake, Hope Bay and Committee Bay greenstone belts. Under his employment agreement he was granted 300,000 stock options priced at a 35% premium to the share price on the grant date, vesting in three equal annual installments of 100,000.
ManagementTectonic Drilling Discovers Low-angle Pogo-style Quartz Veining To 9.95 G/T Au Over 0.75m And Intersects Visible Gold At Tibbs Gold Project
Phase II 2021 drilling at the Tibbs Gold Project in Alaska, less than 35 km from Northern Star's Pogo mine, totalled 23 holes for 4,216m and intersected four stacked low-angle quartz vein horizons at the Gray Lead West target, including 9.95 g/t Au over 0.75m at 223.00m and 7.64 g/t Au over 0.60m at 342.70m in TBDD21-012, and 2.21 g/t Au over 3.04m in TBRC21-003. Visible gold in TBRC21-001 returned 1.37 g/t Au over 3.05m; other targets returned up to 2.44 g/t Au over 3.05m at Galosh. Follow-up drilling is planned at Gray Lead West.
Drill resultsTectonic Check Drill Core Assays Return 104.5 g/t Au over 1.0 Metre Demonstrating Gold Nugget Effect at Michigan Zone, Tibbs Project
Quarter-core check assays from hole TBDD21-002 at the Michigan Zone, Tibbs Gold Project, Alaska, returned 104.5 g/t Au over 1.0 m from 74.0-75.0 m, compared with 1.034 g/t Au over 1.0 m in the original half-core fire assay and 1.25 g/t Au by metallic screen, indicating a coarse gold nugget effect. Nine specks of visible gold had been logged in a quartz vein over that interval. Tectonic is initiating selective metallic screen assaying of all 2021 quartz vein and visible gold intervals, and new interpretation suggests high-grade intercepts may lie on a newly identified steep structure to be drill tested.
Drill results