Tectonic Metals Secures Over $5 Million in Strategic Funding Led by Crescat Capital; Launches $7 Million Financing to Fund 2025 Drilling - Seite 2

Kevin Smith, CEO & Chief Investment Officer of Crescat Capital, Tectonic's largest shareholder, commented:
"Tectonic's Flat Gold Project is a rare opportunity in the gold exploration space. The scale, grade, and metallurgical profile position it as a standout asset, while the discovery potential of Alpha Bowl provides further conviction for us to deploy more capital into what we believe will be a transformative year for Tectonic. We're excited to deepen our partnership and support Tectonic's vision for unlocking a world-class gold system."

 

From Placer Gold to Bedrock Gold: 2025 Phase One Drill Program to Expand Alpha Bowl Drill Discovery - Targeting the Bedrock Source of 650,000 oz of Historical Placer Gold².
A more detailed drill program news release will follow, noting that the 2025 Phase One Drill Program will center on a systematic, discovery-focused diamond drill campaign at Alpha Bowl-the Company's newest high-grade oxide gold discovery within the Flat Gold Project (see Tectonic press release dated March 03, 2025).

Situated within a 1.5 km x 0.5 km area, Alpha Bowl is credited as the bedrock source of 650,000 ounces of recorded placer gold production²*. The initial 2024 discovery hole (CMR24-026) at Alpha Bowl was drilled in a geologically blind setting and only 65.53 metres in length, yet was completely oxidized and mineralized from surface to end of hole, returning:

• 65.53m @ 1.22 g/t Au, including 18.29m of 2.22 g/t Au with 6.10m @ 6.01 g/t Au and 1.52m @ 21.72 g/t Au and ending in 4.57m @ 1.13 g/t Au.

• A reverse circulation ("RC") split sample from this same hole returned 65.53m @ 2.13 g/t Au, including 18.29m at 5.93 g/t Au with 6.10m at 17.41 g/t Au and 1.52m @ 67.18 g/t Au.

This discovery extended the drilled mineralized strike length of the Chicken Mountain intrusion to 3 kilometres, with gold mineralization remaining open in all directions.

To date, the Chicken Mountain intrusion boasts a 100% drill success rate, with every hole intersecting gold mineralization. More than 50% of holes, including two ~ 400m long diamond drill holes ended in mineralization, underscoring the system's scale, continuity and untapped depth potential of the system.