So bin hier nun auch dabei ... Quinton ist begeistert ... 0,11 er Einstand ...

es scheint als wäre das ungefähr der Boden weil wir in dem schlechten Umfeld die 0,10 er Linie halten.

Tectonic Metals Announces Drilling on the Flat Gold Project and Provides Corporate Update

Oriented Diamond Drilling Underway to Test Mineralization Along Strike and Depth While Obtaining Critical Structural Data at Chicken Mountain

VANCOUVER, BC / ACCESSWIRE / September 20, 2023 / Tectonic Metals Inc. (TSXV:TECT)(OTCQB:TETOF)(FSE:T15B) ("Tectonic" or the "Company"), a mineral exploration company employing a rigorous up-front approach to addressing project risk, economics, community benefits, and the sustainability of exploration projects in the pursuit of genuine mine opportunities, today confirmed that drilling commenced at the Flat Gold Project.

"Although initially hampered by weather delays, we are thrilled to announce that diamond drilling is well underway with drill core in hand. I would like to applaud our team for doing an exceptional job in working through challenging conditions to mobilize our people, equipment, fuel, and the diamond drill to site safely," stated Tony Reda, President and Chief Executive Officer of Tectonic. "With the diamond drill producing core, we have embarked on arguably the most important aspect of our 2023 drill program. Oriented diamond drilling to 400 metres of depth will help us define the structural characteristics of gold mineralization and determine if mineralization intensifies further down into the reduced intrusion-related gold system at Chicken Mountain."

Corporate Update: AGM Resolution on Share Consolidation

As required by the TSX Venture exchange, Tectonic confirms that as part of the upcoming special and annual general meeting (the "AGM") on September 21, 2023, the Company has included a resolution in the AGM Management Information Circular to enable, but not require, the Company to enact a share consolidation of up to twenty pre-consolidation common shares for every one post-consolidation common share. The Company has no current plans to enact a share consolidation. The resolution's intent is simply to maintain optionality in the event a consolidation is in the best interest of shareholders.

About the Flat Gold Project

Tectonic is currently assessing the Flat Gold Project in partnership with Doyon Limited ("Doyon"), one of Alaska's largest native regional corporations and a significant Tectonic investor. Between 1908 and 1966 approximately 1.4 million ounces of Placer Gold was produced in and around the Flat Gold project¹. Chicken Mountain is credited as the primary source of this historic placer gold¹. You can find Chicken Mountain on Google Earth here.

Tectonic is currently evaluating this target, which features a four-kilometer long gold in-soil anomaly and 55 historic drill holes, all of which intersected and 25 of which ended in gold mineralization. Highlight intersects from this historical drilling² include 12.56 g/t Au over 24.7m, 211 g/t Au over 1.4m, 0.98 g/t Au over 76m, 1.36 g/t over 36.6m, and 5.62 over 7.6m.

Preliminary metallurgical analysis to-date has demonstrated rapid leach kinetics and gold recoveries averaging 95% from bottle roll testing³. This, combined with gold intersections at or near surface, suggest Chicken Mountain could represent an open pit, heap leach opportunity. Chicken Mountain is part of a larger geophysical anomaly that appears to represent an 11-kilometer-long intrusion related gold system that incorporates the additional targets of Golden Apex and Chicken Mountain East.

1. Placer production figures from "Mineral Occurrence and Development Potential Report, Locatable and Salable Minerals, Bering Sea-Western Interior Resource Management Plan, BLM-Alaska Technical Report 60", prepared by the U.S. Department of the Interior, Bureau of Land Management, November 2010.
2. Please refer to Tectonic's news release dated September 28, 2021 for historic drill results.
3. Please refer to Tectonic's news release dated February 16, 2023 for metallurgical testing.

About Tectonic Metals Inc.

Tectonic brings a highly disciplined capital allocation and development process to mineral exploration. By consistently limiting their focus to tier 1 opportunities that fit their formula for mine economics, and de-risking projects upfront, the team has established a tremendous track record of success. Members of the Tectonic team have been directly involved in identifying and monetizing several significant gold discoveries throughout N. America that have created a tremendous amount of value for shareholders and stakeholders.

To learn more about Tectonic, please click here.

urai

Bist du bei Tectonic noch dabei?

Denke mal das war ein Super move statt Tibbs jetzt ganz auf Flat zu setzen

Grüße

Minehunter

Ja Urai, seh ich genauso.

Dann hoffen wir mal dass Tectonic die löbliche Ausnahme ist oder sich der gesamte Sektor bald in die richtige Richtung bewegt. Ich drück allen die dabei sind die Daumen

Tectonic Metals Announces Crescat Becoming a Control Person and Closing of Related Tranche

VANCOUVER, BC / ACCESSWIRE / September 29, 2023 / Tectonic Metals Inc. (TSX-V:TECT)(OTCQB:TETOF)(FSE:T15B) ( " Tectonic " or the " Company " ), a junior explorer that applies a disciplined and up-front approach to addressing the economics, community benefits, and sustainability of its projects, today announced that Crescat Capital LLC (including its associates and affiliates - together " Crescat ") and the Company received approval from disinterested shareholders at the Company's Annual General and Special Meeting on September 21, 2023, as well as TSXV approval, for Crescat to become a Control Person as defined by the Securities Act and in the TSXV's policies. Concurrent with this approval, the Company closed a final tranche (the " Final Tranche ") of the previously announced a brokered private placement (the " Offering ") for gross proceeds of $560,000 from Crescat. Closing of the Final Tranche was subject to Crescat becoming a Control Person and attaining TSXV approval. Unless otherwise noted, all amounts are expressed in Canadian dollars.

The $560,000 raised in the Final Tranche consisted of the issuance of 5,090,909 units of the Company (a " Unit ") at a price of $0.11 per Unit. The Final Tranche was different from the first and second tranches (see prior press releases for details on those tranches), noting the Final Tranche was unbrokered and did not include any shares issued pursuant to the listed issuer financing exemption ("LIFE") under Part 5A of NI 45-106. Aggregate gross proceeds of the Offering was $8,229,881 (including the first, second, and Final Tranche).

Each Unit of the Final Tranche is comprised of one common share in the capital of the Company (a " Common Share ") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a " Warrant "). Each Warrant entitles the holder thereof to purchase one Common Share (a " Warrant Share ") for a period of 24 months following the closing date of the Offering at an exercise price of $0.15. The Units are subject to a statutory hold period of four months in accordance with applicable Canadian securities laws. Securities issued to US investors under the Offering are subject to a six-month hold period.

Crescat, Tectonic's largest shareholder, who together prior to the Final Tranche held approximately 19.9% of the issued and outstanding Common Shares of Tectonic, subscribed for the 5,090,909 Units issued in the Final Tranche for aggregate gross proceeds of $560,000. Pursuant to the closing of the Final Tranche Crescat will hold approximately 20.59% of the issued and outstanding Common Shares of the Company.

The Company did not incur any finder's fees or commissions, nor any finder's warrants on the Final Tranche. For a clarification on the closing of the second tranche of the Offering as previously announced on August 10, 2023, no finders' warrants were issued, or cash commission paid to SCP Resource Finance LP on closing of the second tranche.

The net proceeds of the Offering will be used to advance the Company's Flat gold project in Alaska (the " Flat Gold Project ") and for general working capital purposes.

The Offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the final approval of the TSXV.

The Offering and issuance of the Units referenced in this press release involve related parties (as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101")) and therefore constitutes a related party transaction under MI 61-101. This transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed or quoted on any of the stock exchanges or markets listed in subsection 5.5(b) of MI 61-101, and the fair market value of the securities to be distributed and the consideration to be received for the securities issued to related parties under the Offering does not exceed 25% of the Company's market capitalization. The related parties participating in the Final Tranche of the Offering subscribed for 5,090,909 Units for aggregate gross proceeds of $560,000.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.

To learn more about Tectonic, please click here.

Quinton Hennigh ab Minute 45:59 über Tectonic Metals und das Bohrprogramm...

Weitere News von Crescat Capital Firmen...

41:56 Barksdale Resources

45:59 Tectonic Metals

50:35 Snowline

52:57 Altamira

55:54 Goliath

1:00:34 Juggernaut

1:03:47 Brixton Metals

1:15:52 Eloro Resources

1:17:57 Fathom Nickel

1:20:40 Core Assets

1:23:44 New Found Gold

1:25:30 Nevada King Gold

1:26:26 Pacific Ridge

1:28:12 Manoran Metals

1:30:27 Eskay Mining, Kuya Silver, Lion One, Intrepid, Novo Resources

Tectonic Metals Acquires Three Additional Potential Intrusions On-Trend with the Flat Gold Project

Monday, 30 October 2023 07:30

Adds 7680 Acres North of Original Flat Claim Boundary to Secure the Underexplored Northern Extension of the Flat Gold System

VANCOUVER, BC / ACCESSWIRE / October 30, 2023 / Tectonic Metals Inc. (TSXV:TECT)(OTCQB:TETOF)(FSE:T15B) ("Tectonic" or the "Company"), a mineral exploration company applying a disciplined, up-front de-risking strategy to address the economics, community benefits and sustainability of the Company's projects, today announced the acquisition of three potential intrusions that are on-trend and similar in many respects to Flat's main, gold-bearing intrusion, Chicken Mountain, and the potential buried intrusion at Golden Apex.

Key Highlights:

• Immediately north of and contiguous with Tectonic's 92,160 acre Flat Gold Project, the Company added 7,680 acres (48 x 160 acres state claims):
  • 2,720 acres (17 x 160 acres state claims) were acquired from a third-party vendor; and
  • 4,960 acres (31 x 160 acres state claims) of new claims were staked by Tectonic.
• Secures the rights to three geophysical anomalies north of the Company's Flat Gold Project that follow the 20km "string-of-pearls" geophysical trend of several confirmed intrusion related gold systems currently being explored.
• These potential intrusions represent the possible bedrock source of the historic placer production from Otter Creek and Malamute Pup.

"Introducing ‘The Flat Gold System' - a network of interconnected geophysical anomalies that indicate six confirmed or potential intrusion related gold systems. Spanning a 20km trend, these intrusion targets are significant in size and interpreted to be bedrock sources for placer gold, reinforcing our belief that Flat is a Tier One Opportunity," stated Tony Reda, President and Chief Executive Officer of Tectonic. "It is truly remarkable that our company has access to such a large number of intrusion targets, which would be nearly impossible in a more established, mature, exploration and mining district. There is a collective sense of relief and excitement now that we have secured the right to explore these three additional potential intrusions north of the Flat Gold Project.

"The complex north of Otter Creek appears to contain multiple potential intrusion-related gold systems similar to the Chicken Mountain intrusion, which Tectonic is exploring through drill testing this year. Two of the potential intrusions lie immediately north of and drain into Otter Creek, which has already produced 417,000 ounces of recorded placer gold¹. Surprisingly, historic data indicates that these areas have seen minimal exploration and no drilling in contrast to the southern portions of the Flat Gold System."

Confirmed and Potential Intrusions in the Flat Gold Project (Listed North to South)

Figure 1: Geophysical Anomalies of the Flat Gold System (7,200hz resistivity)

The newly acquired third party claims are comprised of two groups: the Jam and Caribou Blocks. The Jam group comprises a 640 acre claim (4 x 160 acres state claims) covering an area of exposed monzonite intrusion, volcanic cap rocks and related hornfels, and hosts several historic gold showings.

Figure 2: Bedrock Geology of the Flat Gold System

The Caribou group comprises a 2,080 acre claim (13 x 160 acres state claims) covering a 1.5 x 1.5 mile area of hornfelsed Kuskokwim sediments hosting hypabyssal granite dikes, suggesting a near surface intrusion underlies the area. Airborne geophysical surveys indicate that exposed intrusions and hornfelsed areas on both claim blocks are coincident with and centered on resistivity and magnetic lows similar to those over the mineralized Chicken Mountain and Black Creek monzonite stocks to the south within Tectonics Flat Property. Furthermore, 3D inversion and modelling of the airborne magnetic data on the Jam and Caribou claims suggest pipe-like to cone shaped intrusions underlie the hornfels areas near to surface, indicating potential for intact mineralized cupolas (see Figure 3 for reference).

Figure 3: Reduced Intrusion-Related Gold Systems

Geochemistry, veining and host rock are key indicators of proximity to cupola.

An additional 4,960 acres (31 x 160 acres state claims) were staked by Tectonic to cover prospective geology between, around and south of the acquired claim blocks, and extend the package to the west over semi-concentric body of hornfelsed Kuskokwim sediments covering an area of approximately 2.0 x 1.0 miles. Very limited historic stream sediment and pan concentrate sampling indicate the presence of highly anomalous gold emanating from south flowing drainages likely sourced from the hornfelsed area.

Under terms of the agreement for the Third Party acquired claims, Tectonic will pay the lessor US$25,000 at execution of the lease, and make annual payments on or before the anniversary of the effective date of the agreement comprising of US$25,000 for years one to three, and US$50,000 annually for years four and beyond. Tectonic shall have the option at any time prior to the sixth anniversary to purchase 100% interest in the claims for US$200,000 payable in cash or common shares of Tectonic Metals Inc.

In order to maintain its Option to Purchase in good standing, Tectonic must make the following expenditures for Work on the Subject Property:

1. Fifty Thousand Dollars (US$50,000.00) before December 1, 2024; and
2. An additional One Hundred Thousand Dollars (US$100,000.00) before December 1, 2025; and
3. An additional One Hundred Thousand Dollars (US$100,000.00) before December 1, 2026; and
4. An additional Two Hundred Thousand Dollars (US$200,000.00) before December 1, 2027; and
5. An additional Two Hundred Thousand Dollars (US$200,000.00) before December 1, 2028.

Tectonic shall pay the Lessor a 2.0% Net Smelter Return royalty on all precious Mineral Products produced and sold from the Claims. If the option to purchase is exercised, the royalty for precious metals can be reduced at any given time to 1% in exchange for a US$1,500,000 payment to the Lessor.

The Flat Gold Project - Alaska's Next Tier 1 Opportunity

Tectonic is currently assessing the Flat Gold Project in partnership with Doyon Limited ("Doyon"), one of Alaska's largest native regional corporations and a significant Tectonic investor. Between 1908 and 1966 approximately 1.4 million ounces of Placer Gold was produced in and around the Flat Gold project¹. Chicken Mountain is credited as the primary source of this historic placer gold¹. You can find Chicken Mountain on Google Earth here.

Tectonic is currently evaluating this target, which features a four-kilometer long gold in-soil anomaly and 55 historic drill holes, all of which intersected and 25 of which ended in gold mineralization. Highlights intersects from this historical drilling² include 12.56 g/t Au over 24.7m, 211 g/t Au over 1.4m, 0.98 g/t Au over 76m, 1.36 g/t over 36.6m, and 5.62 over 7.6m.

Preliminary metallurgical analysis to-date has demonstrated rapid leach kinetics and gold recoveries averaging 95% from bottle roll testing³. This, combined with gold intersections at or near surface, suggest Chicken Mountain could represent an open pit, heap leach opportunity. Chicken Mountain is part of a larger geophysical anomaly that appears to represent an 11-kilometer-long intrusion related gold system that incorporates the additional targets of Golden Apex and Chicken Mountain East.

1. Placer production figures from "Mineral Occurrence and Development Potential Report, Locatable and Salable Minerals, Bering Sea-Western Interior Resource Management Plan, BLM-Alaska Technical Report 60", prepared by the U.S. Department of the Interior, Bureau of Land Management, November 2010.
2. Please refer to Tectonic's news release dated September 28, 2021 for historic drill results.
3. Please refer to Tectonic's news release dated February 16, 2023 for metallurgical testing.

About Tectonic Metals Inc.

Tectonic brings a highly disciplined capital allocation and development process to mineral exploration. By consistently limiting their focus to tier 1 opportunities that fit their formula for mine economics, and de-risking projects upfront, the team has established a tremendous track record of success. Members of the Tectonic team have been directly involved in identifying and monetizing several significant gold discoveries throughout N. America that have created a tremendous amount of value for shareholders and stakeholders.

To learn more about Tectonic, please click here.

CEO Tony Reda über Tectonics zusätzliche Claims:

„Das Flat-Goldsystem“ – ein Netzwerk miteinander verbundener geophysikalischer Anomalien, die auf sechs bestätigte oder potenzielle intrusionsbezogene Goldsysteme hinweisen. Diese Einbruchsziele, die einen 20-km-Trend aufweisen, sind signifikant in der Größe und werden als Grundquellen für Placer-Gold interpretiert, was unsere Überzeugung verstärkt, dass Flat eine Tier-One-Chance ist. Es ist wirklich bemerkenswert, dass unser Unternehmen Zugang zu einer so großen Anzahl von Einbruchszielen hat, was in einem etablierteren, reifenden, Explorations- und Bergbaugebiet fast unmöglich wäre. Es gibt ein kollektives Gefühl der Erleichterung und Aufregung, da wir uns das Recht gesichert haben, diese drei zusätzlichen potenziellen Eingriffe nördlich des Flat-Goldprojekts zu erkunden... Überraschenderweise deuten historische Daten darauf hin, dass diese Gebiete im Gegensatz zu den südlichen Teilen des Flat Goldsystems nur minimale Explorationen und keine Bohrungen erlebt haben.“

+15% gestern nach der letzen News...

Denke bei Tectonic fährt der Zug so langsam ab.

Nachdem sie sich nördlich von Flat weitere claims gesichert haben und Crescat über 20% hält müssen sie sehr überzeugt von den ersten Bohrkernen sein.

Bin jedenfalls froh hier positioniert zu sein bevor bald die ersten Ergebisse kommen .

Quentin Hennigh wird Tectonic diesen Freitag in seinen Updates von Crescat Capital sicherlich wieder besprechen

Viel Glück und Erfolg allen die dabei sind

Beste Grüße

Minehunter

2023 Tour of Chicken Mountain - Part of the Flat Gold System (3:57)

Der Markt hat sich wohl mehr News erwartet... und vor allem Bohr Ergebnisse.

Die kommen aber erst im I/24 Quartal.

aktuell - 7%

Ich bleibe drin und warte ab. Bei grösserem Rückgang evt. Aufstockung.

So ein Gutes Neues Tectonic Jahr ... nun haben wir das erste Quartal hier , es wird langsam spannend ...

wie kann ich hier ein Bild einfügen ... ???

Fremdanbieter hochladen geht nicht

wer kann bitte helfen

Zitat von Raudi

So ein Gutes Neues Tectonic Jahr ... nun haben wir das erste Quartal hier , es wird langsam spannend ...

Das Quartal dauert aber noch 3 Monate 😔

Tectonic Metals Inauguarl 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

VANCOUVER, B.C., February 7, 2024 – Tectonic Metals Inc. (“Tectonic” or the “Company”) (TSXV:TECT) (OTCQB:TETOF), a mineral exploration company applying a disciplined, up-front de-risking strategy to address the economics, community benefits, and sustainability of the Company’s projects, today announced the results of the Company’s inaugural drill program conducted in 2023 at Chicken Mountain, the Flat Gold Project’s bulk-tonnage reduced intrusion target. All 19 holes drilled in 2023 intersected gold mineralization and 12 drill holes ended in mineralization.

“Our 2023 drilling combined with the historical drilling has delineated 1.8 km of mineralized strike to a vertical depth of 300 m with mineralization remaining open in all directions and strengthening the case for a potential open-pit, multi-million ounce opportunity at Flat’s Chicken Mountain target,” stated Tony Reda, President and CEO of Tectonic Metals. “A total of 74 holes have been drilled at the Chicken Mountain intrusion target with each drill hole intersecting gold mineralization, which is remarkable and reinforces the notion that we are dealing with a very robust gold system. To further support this finding, it is important to note that Chicken Mountain has been identified as the primary bedrock source for over 1.4 million ounces of recorded placer production² in the surrounding area. The 1.8 km of drilled strike at Chicken Mountain represents only half of the 4.0 km x ~1.0 km Chicken Mountain gold-in-soil-anomaly, only a third of the 6.0 km x 5.6 km Chicken Mountain geophysical anomaly, and only one intrusion target out of 6 distinct district-scale intrusion targets along a 20 km trend at the 99,840 acre Flat Gold Project in Alaska. Our journey has only begun and more drill testing is warranted across all intrusion targets to fully uncover the tier one potential of the Flat Gold System.”

2023 Drill Results Webcast with 3L Capital’s Analyst Steven Therrien

Thursday, February 8^th, at 6 AM Pacific Time (9 AM Eastern Time)

On Thursday, February 8^th, please join Tony Reda, President and CEO of Tectonic Metals, and Steven Therrien, 3L Capital’s mining analyst, on a webcast to discuss the results of Tectonic Metals’ 2023 Exploration and Drilling Program. Participants of the live event will also have the opportunity to ask questions.

The webcast will take place at 9:00 AM Eastern Time, 8:00 AM Central Time, 7:00 AM Mountain Time, and 6:00 AM Pacific Time.

Participants are encouraged to register early for the webcast using the link below:

Tectonic Metals 2023 Drill Results

On Thursday, February 8th, please join Tony Reda, President and CEO of Tectonic Metals, and Steven Therrien, 3L Capital’s mining analyst, on a webcast to…

streamyard.com

Following the webcast a recording of the event will be available at the same link.

Figure 1: 2023 Drill Program Plan Map Denoting Long Sections

Figure 2: Chicken Mountain Long Section Highlighting Potential Open-Pit, Multi-Million Ounce Opportunity

1.8 km of Mineralized Strike to a Vertical Depth of 300 m and Open (Long Section A-A” Denoted in Plan View of Figure 1)

2023 Drill Highlights and Key Findings:

• All drill holes intersected gold mineralization
  • 19 holes drilled across 1.6km of strike down to a maximum vertical depth of 300 m or 428.55m drill hole length, for a total of 2,633m at Chicken Mountain
  • 12 drill holes ended in mineralization
  • Mineralization remains open in all directions
  • Oxidation as deep as 350m down hole
  • Low sulphur in all drill holes
  • Drilling has identified a potentially higher-grade (>1.0 g/t Au) lode that is open for expansion and warranting drill follow up

• Drilling strengthens the case that Chicken Mountain appears to be a Fort Knox / Reduced Intrusion Related Gold System (RIRGS) characterized by gold hosted within sheeted veining and shear zones, strong correlation of gold with bismuth and tellurium and multiple phases of intrusion, with notable structural/fault/shear zones exhibiting domains of intense hydrothermal alteration and higher-grade mineralization.

• Diamond drilling successfully confirms continuous mineralization to 300 m vertical depth (3 times deeper than average historical drilling and still open in all directions)
  • 37.32m at 1.02 g/t Au within a broader mineralized interval of 146.90m at 0.61 g/t Au and the entire drill hole (CMD23-001) being completely mineralized, ending in mineralization, and yielding 423.15m at 0.41 g/t Au
  • 36.40m of 1.22 g/t Au within a broader mineralized interval of 170.00m at 0.53g/t Au and the entire drill hole (CMD23-002), a 450m step out from CMD23-001, being completely mineralized, ending in mineralization, and yielding 344.61m of 0.36 g/t Au

• Reverse circulation drilling successfully confirms mineralization beyond the periphery of historical drilling
  • Sixteen drill holes testing 1000m of strike along eastern and western margins of the 4km x ~ 1km gold in soil anomaly
  • 22.86m of 1.12 g/t Au within a broader mineralized interval of 89.92 m at 0.60 g/t Au and ending in mineralization (CMR23-001) representing a 62.00m step out from the closest historical collar
  • 24.39m of 1.09 g/t Au within a broader mineralized interval of 76.20m at 0.55 g/t Au and ending in mineralization (CMR23-008) representing a 102.00m step out from the closest historical collar
  • 24.38m of 1.00 g/t Au within a broader mineralized interval of 50.29m at 0.74 g/t Au and ending in mineralization (CMR23-012) representing a 134.00m step out from the closest historical collar

Figure 3: Long Section of 2023 and Historic Drilling at Chicken Mountain from B-B’ Referenced in Figure 1 Plan Map

Figure 4: Long Section 2023 and Historic Drilling at Chicken Mountain from C-C’ Referenced in Figure 1 Plan Map

Chicken Mountain – A Reduced Intrusion Related Gold System (RIRGS) akin to the mineralization observed at Kinross Gold Corporation’s Fort Knox Mine, Alaska

The Fort Knox Mine is a large open-pit gold mine in the Fairbanks mining district of Alaska, USA, discovered in 1980 and began production in 1996. Since then, Fort Knox has become one of the largest gold-producing mines in Alaska, yielding over 200,000 ounces of gold annually and recently pouring its nine millionth ounce. Based on the Dec. 31, 2022 Annual Mineral and Resource Statement published by Kinross (click here), the average grade of their proven and probable mineral reserves is 0.30 and 0.40 g/t Au respectively.

At Fort Knox, the grades of individual veins are 5 to 50 g/t Au, but most ore blocks have an average of 3 to 5 veins per metre within otherwise barren host rocks, thus yielding ~1 g/t ores. Gold grade is, therefore, mainly controlled by vein density. Fort Knox’s lower-grade ores are enriched by higher-grade and overprinting, later-stage quartz shear veins.¹

Fairbanks Gold, a company founded and financed by Robert Friedland, a Canadian Mining Hall of Fame Inductee, is credited with the discovery and sale of the Fort Knox Mine to Kinross. The initial drilling and gold discovery (late 1980s) at Chicken Mountain was completed by Fairbanks Gold in tandem with early drilling at Fort Knox.

Similar to Fort Knox, Chicken Mountain is demonstrating the exact same characteristics with gold hosted in sheeted quartz veinlets, fractures and shears within a multiphase granitoid body, an Au-Bi-Te +/- As+W+Sb geochemical association and very low sulphur mineralization. Also similar to Fort Knox, there is strong evidence at Chicken Mountain, that multiple mineralization events and overprinting occurred coinciding with better gold grade. Follow-up drilling will target these high priority enriched areas with the objective of finding the sweet spot of the gold system and/or the carapace of the RIRGS (see Figure 5).

Chicken Mountain geochemical characteristics (Au-Bi-Te +/- As+W+Sb) are indicative of mineralization that is both proximal and distal to the source intrusion/pluton within a RIRGS framework (see Figure 5). This coupled with the kilometre long and wide alteration and gold mineralization halos into the wallrock suggests that the “smoking gun” is there, but the sweet spot (higher-grade, unexposed portions of the cupola/carapace) of the system has yet to fully discovered and more drilling is warranted.

Figure 5: Reduced Intrusion Related Gold Systems (“RIRGS”)

Next steps: 2024 Goal of Launching Exploration + Drill Program at Flat’s Multiple Intrusion Targets

In 2024, Tectonic plans to continue drill testing new areas of Chicken Mountain. The original historic drilling locations were predicated on drilling underneath historic placer workings and, therefore, there is not enough concrete evidence to support that this is the best part of the Chicken Mountain gold system. In fact, there is more evidence as stated above suggesting that the “sweet spot” of the system has not fully been discovered yet. That said, the 2023 and historic drill results suggest a multi-million resource opportunity already exists at Chicken Mountain and follow-up expansion drilling is warranted.

• Generate drill targets for all of the five other intrusion targets at Flat (see Tectonic previously announced news release here). As stated previously, each of the intrusion targets has the hallmarks of another RIRGS present at Flat.

• Ongoing compilation, interpretation, and examination of the 2023 Chicken Mountain exploration results over the coming months

• Complete detailed analysis and integration of the new data with existing historic exploration information, to assist in developing robust 2024 drill targeting vectors at both Chicken Mountain and at other potential intrusion targets on the Flat Project. Key components include:
  • Pathfinder element analysis of soil and drill hole data across the property to elucidate geochemical zonation patterns related to RIRGS targets;
  • Detailed structural analysis of oriented core data at Chicken Mountain and structural interpretation of high resolution 2023 LiDAR data to develop a property wide structural framework; and
  • 3D magnetic inversion to aid in identifying the presence and locations of non-exposed intrusion cupolas.

• Core cutting and assaying of 2003 historic diamond drill core (a total 744 metres in 4 holes) from Chicken Mountain and nearby intrusion target, Golden Apex, which were only partially sampled despite some samples that returned up to 20 g/t Au.

• Ongoing metallurgical test work, including initial small scale column heap leach tests, that will be performed to continue to de-risk and explore heap leaching as viable recovery method for gold mineralization.

Figure 6:

Flat drill core shown below exhibits classic Fort Knox / Reduced Intrusion Related Gold System (RIRGS) mineralization, including sheeted quartz-sulphide veinlets forming in cracks and fractures within the host rock and acting as pathways for mineralizing fluids to flow through. Pervasive sericite alteration is another common feature associated with RIRGS and observed in the Flat drill core. This type of alteration occurs when hydrothermal fluids interact with rocks, causing the replacement of minerals such as feldspar and biotite with sericite. This alteration can often be seen as a distinct white or grey color in the host rock as shown in the photos below. Understanding the processes and features associated with RIRGS is essential for successful exploration and mining of these types of deposits.

Diamond drill core from hole CMD23-001

(Box 97-98, From 271.41m to 276.92Diamond drill Core from CMD23-001

(Box 99-100, From 278.92m to 282.72m)

Table 1. Chicken Mountain - significant intercepts of the 2023 drill program.

All widths are interval widths as insufficient data exists currently to determine true zone widths. Drill holes ending in greater than 0.10 g/t Au are noted in table below...

link zur Meldung...

Großartige Ergebnisse von Tectonics erstem Bohrprogramm auf Flat

Die Meldung kam heute mit Börsenschluss und der Weg nach oben ist jetzt hoffentlich frei  

Denke wir können hier auf eine zweite "Snowline" hoffen.

Allen die dabei sind weiterhin Viel Glück und Erfolg.

Beste Grüße

Minehunter

Jedes Bohrloch trifft Gold und dann so was

Aktuell -30%

Ich fass es nicht....

Habe jetzt spontan meinen Bestand verdoppelt.

Der Abverkauf nach so toller Bestätigung der historischen Bohrlöcher war absolut übertrieben und wurde von vielen Investoren falsch verstanden, bzw. die Erwartungen waren im Vorfeld überzogen. Tectonic hatte einen späten Start in die Saison, weshalb sie nur etwa 5 Wochen bohren konnten und die gebohrten Meter stark begrenzt waren. Die Landebahn und alles Weitere ist nun aber für die diesjährige Bohrsaison bereit um weit mehr zu erreichen.

Quinton Hennigh setzt Tectonics "Flat" Projekt hier sehr gut in Perspektive zu Snowlines "Valley", Barrick+Nova Gold's "Donlin Creek" und Kinross's "Fort Knox" Gold Mine die bereits seit 28 Jahren in Betrieb ist und bisher etwa 9 Millionen Unzen produziert hat.

Flat befindet sich ca 20km nördlich von "Donlin Creek" (40MOZ refractory ore). Von der Metallurgie her ist Flat allerdings mehr mit "Fort Knox" vergleichbar da hier freies Gold (Oxid) vorherrscht das zu einem hohen Prozentsatz sehr günstig (Gravitation + Haufenlaugung) verarbeitet werden kann. Die Metallurgie ist bei Tectonics Flat Projekt diesbezüglich nachgewiesen exzellent (Gravity + Bottle-Roll-testing recovery immer über 95% Au).

Desweiteren setzt Quinton das Gesamte Projektgebiet "Flat" in Perspektive zu anderen "Tintina-Style-IRGS-Gold-Systemen" wie Snowlines "Valley" und geht auf Tectonics Bohrkerne und deren sehr gute Kontinuität ein.

Ganz kurze Updates von Altamira und Nevada King sind auch noch dabei.

Empfehle jedem der sich für Tectonic Metals interessiert sich das anzuschauen.

Insgesamt war, bzw. ist der Abverkauf nach eigentlich großartigen News eine exzellente (Nach)Kaufchance für ein großartiges Projekt. Denke weiter runter geht es hier nicht mehr. Ich halte meine volle Position. Eventuell weitere Aufstockung bei Gelegenheit.

Viel Glück und Erfolg

Beste Grüße

Minehunter