Tectonic Announces Completion of 2022 Inaugural Field Program at Flat Gold Project, Alaska - Seite 2

In anticipation of a comprehensive 2023 exploration program, the Company conducted additional reconnaissance to further assess the surficial conditions on the property and investigate accessibility/navigability based on existing infrastructure.

Fig.1 Flat Gold Project, Iditarod Mining District, Alaska

Foto: Accesswire

About the Flat Gold Project

The Flat Gold Project is an intrusion-hosted, bulk tonnage gold project located in southwestern Alaska, just 40km north of the giant Donlin Gold Project, which is owned equally by Barrick and NOVAGOLD and have set a 2022 budget at Donlin of USD $60 million (see Barrick news release dated July 28, 2022).

Flat consists of 92,160 acres of mostly Native-owned land belonging to Doyon, Limited, a leading Alaska's Native Regional Corporation and the largest private landholder in the State of Alaska. Doyon and Tectonic have formed a mutually beneficial mineral lease property agreement covering all aspects of exploration through to production, including royalties and ESG provisions. The resulting agreement aligns the interests and expectations of both parties involved, reduces risk, and creates a process that can advance a project from discovery through development and production to final reclamation.

Flat represents a rare opportunity in a tier-one jurisdiction:

• A large-scale, intrusion-hosted gold system
• Documented as the 4th largest placer gold district in Alaska with over 1.4Moz of gold produced via placer mining*
• 55 historical drill holes at the Chicken Mountain target, all of which have intersected mineralization
• Historic drilling indicates mineralization begins at surface and remains open in all directions with an average vertical drill depth of ~100m
• 3,800m long, up to 600m wide, gold-in-soil anomaly (open for expansion)
• Historical mineralized trenches, some of which remain untested by drilling
• Opportunity for new discoveries within blind-to-surface portions of the intrusive complex
• In close proximity to a world-class gold deposit (Donlin)
• Situated on Native Owned Land with a full-scale mineral lease property agreement covering all aspects of exploration through to production, including royalties and ESG provisions

To learn more about the Flat Gold Project, please click here.