TECTONIC METALS INC
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…
Crescat Model
Analysis by Bill Pearson, PhD, P.Geo
- 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%.
Figure 1
Source: Tectonic Metals
Figure 2
Source: Tectonic Metals
NEWS RELEASES
Click any release to read Bill's geological analysis:
Actual holdings will vary for each client or fund and there is no guarantee that a particular account will hold any or all of the securities discussed. All investing involves risk including risk of loss. Crescat target resource estimates (TSE) are based on internal modeling and geologic estimates, and include various assumptions based on analysis of geology, geophysics, geochemistry, historic drill assays, and metallurgical recovery data received to date. TSE are discounted based on drilling progress to date, an assessment of the management and technical team's strengths and weaknesses affecting their ability to advance the project, and environmental, local community, and government permitting risk factors. Estimates are displayed on a gold equivalent basis based on current price-to-gold ratios for silver, copper, and other metals if the primary metal is other than gold. Further drilling, assaying, resource modeling, and engineering studies will be required to determine whether Crescat's TSE can be reasonably expected to be achieved. Crescat's target resource estimates are updated monthly across the entire portfolio. Sources: Crescat Capital LLC, Bloomberg, Issuer. Expected profitability percentile is based on Crescat's geologic estimates of projected grades, recoveries, capex, and operational costs on the primary project compared to the universe of operating mines. This value does not project overall anticipated company profitability.