40,000m 2026 drill program announced. 5 rigs turning at Chicken Mountain – 100% drill success across 191 holes, 3.3km strike x 700m width x 300m depth, open in all directions. Maiden NI 43-101 resource estimate targeting Q1 2027. Scale comparable to Donlin and Fort Knox.
Beyond the Headline
Tectonic Metals Flat Lake Gold Project is located in southwest Alaska about 40km north-northeast of Novagold (60%) and Paulson Advisors (40%) Donlin Gold project that is moving towards a construction decision. The Flat Lake Gold Project covers 99,840 acres of predominantly Native-owned land belonging to Doyon, Ltd., a leading Alaska Native Regional Corporations and one of Tectonic’s largest shareholders. The project is close to the fully permitted natural gas pipeline being built from Anchorage to Donlin. In addition, the project has road access to Chicken Mountain (so named because of the abundant wild fowl in the area), a 4100 ft (1,250m) Hercules cargo plane airstrip and access to the Crooked Creek Barge River.
Geologically, the property hosts a 20+kilometre volcano-plutonic complex with at least six kilometre-scale intrusion targets, five of which have now been confirmed to have gold mineralization. Chicken Mountain, the flagship intrusion, has returned a 100% drill success rate across 191 holes and has been interpreted as a large, bulk-tonnage, heap-leachable Reduced Intrusion Related Gold System (“RIRGS”) with excellent exploration upside. 61% of all drill holes ended in mineralization. Previously reported metallurgical testwork confirm free-milling, non-refractory mineralization suitable for heap leach processing with an average gold recovery of 96%.
The Chicken Mountain (in reality a relatively flat plateau with limited overburden) intrusive complex (including the Adit and Alpha Bowl Targets) is the most advanced target and will be the primary focus of the 40,000m 2026 drill program announced on May 6, 2026. The 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 unconstrained and open in all directions. Much of Chicken Mountain is relatively untested by drilling from a depth of 150m to 300m which is a high priority target. The gold-in-soil geochemical anomaly which extends over the area 4km by 1km is thought to indicate potential deposit size. The scale of the gold mineralized system at Chicken Mountain is comparable to that of the Donlin and Fort Knox gold deposits.
The Company’s objective is to outline a maiden NI-43-101 mineral resource estimate targeting Q1 2027. This would also make the project eligible for FAST-41 Status.
A minimum of 5,000 metres of drilling will also be dedicated to testing district-scale, intrusion-related targets across the property and to continue to build the foundation geology and target pipeline across the property. The planned work program also includes additional metallurgical testwork, geotechnical & hydrogeological drilling as well as environmental and geochemical baseline work and improvements to camp infrastructure.
Tectonic is well financed to carry out this program and has an excellent exploration team and a growing engineering group on the ground. There will be substantial news flow over the summer into the fall on this potential world class project.