TECT - TSX-V
Tectonic Metals
Flat Gold Project, Alaska - Kuskokwim Gold Belt
Flat Lake Gold Project: Geological Background
Tectonic Metals Inc. (TECT · TSX-V) · Kuskokwim Gold Belt, Southwest Alaska
Flat Lake Gold Project located in SW Alaska about 40km north-northeast of Donlin Gold project that is moving towards a construction decision…
Date UpdatedJun 24, 2026
Primary MetalGold
Crescat Ownership Partially Diluted22%
% of Crescat Firm Nav8%
Market CapC$226M
Share PriceC$2.47
Shares Outstanding131.1M
Cash On Hand$88M
Expected # of Drills5
Target oz AU-eq (model)8.0M oz
Gross Value of target oz$37,531M
Expected Profitability Percentile87.5
- Flat Lake Gold Project located in SW Alaska about 40km north-northeast of Donlin Gold project that is moving towards a construction decision.
- Good infrastructure close to fully permitted natural gas pipeline being built, road access to Chicken Mountain, a 4100 ft Hercules cargo plane airstrip & access to Crooked Creek Barge River.
- 20+kilometre volcano-plutonic complex with at least six kilometre-scale intrusion targets, five of which have confirmed gold mineralization.
- Flagship Chicken Mountain target is interpreted as a large, bulk-tonnage, heap-leachable Reduced Intrusion Related Gold System (“RIRGS”) with excellent exploration upside.
- Gold mineralized system at Chicken Mountain comparable in scale to Donlin and Fort Knox.
- Main objective is to outline a maiden NI-43-101 mineral resource estimate targeting Q1 2027 which would make the project eligible for FAST-41 Status
Deep Dive: Chicken Mountain
- 40,000m diamond drilling program announced May 6th with majority of holes targeting Chicken Mountain the most advanced target
- Current mineralized strike is 3.3km with widths of up to 700 metres and extending from surface to a vertical depth exceeding 300 metres while remaining open in all directions.
- 18,000m drilled to date with 100% success rate across 191 holes & 61% of all drill holes ended in mineralization.
- Much of Chicken Mountain is relatively untested by drilling from a depth of 150m to 300m which is a high priority target. Gold-in-soil geochemical anomaly that extends over 4km by 1km is thought to indicate potential deposit size.
- Previously reported metallurgical testwork confirm free-milling, non-refractory mineralization suitable for heap leach processing with an average gold recovery of 96%.