Tectonic Metals(TSXV:TECT)

Tectonic Metals Inc.

Investor website: https://www.tectonicmetals.com/

About

Tectonic Metals Inc. is a mineral exploration company created and operated by an experienced and well-respected technical and financial team with a track record of wealth creation for shareholders. Key members of the Tectonic team were involved with Kaminak Gold Corporation, which raised C$165 million to fund the acquisition, discovery, and advancement of the Coffee Gold Project in the Yukon Territory, ultimately selling it to Goldcorp Inc. for C$520 million in 2016. The company focuses on the acquisition, exploration, discovery, and development of mineral resources from district-scale projects in politically stable jurisdictions that have the potential to host world-class orebodies. Tectonic is committed to creating value for its shareholders through responsible mineral exploration and development.

Verified company data

Cash position
~$12 million
Shares outstanding
90,766,415
Fully diluted shares
128,499,973
Mineral resource
Project Overview: Flat The Flat Gold Project is located in Southwest Alaska, covering 99,840 acres of predominantly Native-owned land belonging to Doyon Limited, Tectonic’s second-largest shareholder and one of Alaska’s largest for-profit Native Regional Corporations. Flat hosts a bulk-tonnage, Reduced Intrusion-Related Gold System (RIRGS) analogous to the Fort Knox gold mine. Recognized as a prime example of the direct relationship between placer gold and bedrock sources, placer gold shed from Flat’s intrusions have contributed to 1.4 Moz1 of placer gold production. Notably, the Project has achieved a 100% drill success rate, with gold intersected in all 87 drill holes, covering 3 km of drilled mineralized strike and reaching a vertical depth of 325 m at its primary intrusion target, Chicken Mountain, with mineralization remaining open in all directions. 1.4 Moz1 Historic Placer Gold Production Mined from creeks draining the Flat Project area Chicken Mountain target credited as the primary bedrock source 20 km “String of Pearls” Six geophysical anomalies that indicate a potential gold deposit 6 District Scale Intrusion Targets Each km-scale target has the potential to be a stand-alone gold project Next To 5th Largest Undeveloped Gold Deposit Globally 40 KM NE of Donlin Gold Project (+39Moz3 Au) Flat is in the Kuskokwim Mineral Belt just 40km north of the giant Donlin Gold Project and hosts intrusive-hosted, sheeted quartz vein gold mineralization similar to that found at the Fort Knox (Alaska) and Eagle (Yukon) gold mines owned and operated by Kinross Gold Corporation and Victoria Gold Corporation respectively. Since 1908, when gold was first discovered at Flat, the immediate vicinity has been notable as an area of significant placer gold mining activity with an estimated 1.4 million ounces of placer gold produced from streams draining Chicken Mountain1. The main target area is Chicken Mountain Chicken Mountain: Gold at Chicken Mountain occurs as disseminated and fracture-controlled mineralization within a late-stage quartz monzonite intrusion, which appears to have been the major source of placer gold in the Flat district. This target comprises an open ended +100 ppb gold-in-soil anomaly extending 3,800m x 600m in a north-northwest orientation over the core of exposed intrusion. Gold is hosted within quartz veins which contain free gold, arsenopyrite, pyrite, stibnite, cinnabar, and rare chalcopyrite. Historic drilling intersected bulk-tonnage gold mineralization, although thinner, high-grade intervals are observed. Consistent gold mineralization in intrusive-hosted, sheeted quartz veins at Flat are structurally similar to that found at the Fort Knox and Eagle Gold Mines owned by Kinross and Victoria Gold respectively. The Flat area represents one of Alaska’s best examples of a direct, preserved bedrock source of mineralization for surrounding placer deposits. Placer gold is found within all the creeks that drain Chicken Mountain, with the Flat area producing over 1.4 Moz of placer Au throughout a protracted history of placer mining. Historical hard rock exploration at Flat occurred sporadically from the 1960’s to 2003 and consisted of surficial geochemical sampling, geophysics, and both reverse circulation (“RC”) and diamond drilling. Approximately 11,000m of RC and diamond drilling has been conducted on the property. Flat remains fully open for expansion. Multiple near-surface targets remain untested, and potential exists for blind and buried mineralization as well as possible high-grade vein mineralization. Property, Location, & Infrastructure The Flat Gold Project spans 99,840 acres of predominantly Native-owned land belonging to Doyon Limited, Tectonic’s second-largest shareholder and one of Alaska’s largest Native Regional Corporations. The project is located in southwest Alaska, 40 km northeast of NOVAGOLD and Paulson Advisors’ Donlin Gold Project, the fifth-largest undeveloped gold deposit in the world (+39 Moz Au¹). Flat is accessible by air via a 4,100-foot, Hercules-capable gravel airstrip, which can accommodate large cargo aircraft for transporting heavy equipment, fuel, and supplies directly to the site. The project also benefits from winter trail access and its proximity to the Kuskokwim River, navigable by commercial barge for approximately six months each year. A network of existing roads, established during historic placer mining, connects most of the mineralized zones, and an on-site turnkey camp can accommodate up to 24 people. Additionally, with the nearby Donlin Gold Project just one permit away from production and featuring a permitted natural gas pipeline, there is strong potential for future infrastructure synergies. Project Overview: Tibbs Opportunity 01. The Tibbs Gold Project hosts three new Tectonic drill discoveries in the Goodpaster Mining District. The Project is located 35 kilometres east of the world-class Pogo Mine, owned and operated by Northern Star Resources Ltd., with robust infrastructure, power and an active mill. 02. The recent acquisition of the Carrie Creek property from Doyon Limited increases the Tibbs Gold Project by 15,800 acres while extending the district-scale opportunity for Tectonic. This acquisition also represents a strengthening of our already close partnership with Doyon. 03. The Tibbs Gold Project boasts high-grade gold mineralization at surface, in trenches and in drilling, including a RAB drill intercept of 6.03 g/t Au over 28.95m at the Michigan prospect. Three distinct styles of gold mineralization are now observed at Tibbs: 1) Pogo-style high-grade gold-quartz veining; 2) Intrusion-hosted disseminated sulphides and stockwork gold-quartz-stibnite-arsenopyrite veining; and 3) Fort Knox-style intrusion-hosted sheeted gold-quartz-bismuthenite veins. 04. In 2020, Tectonic completed 3,202m of RAB drilling in 27 holes at Tibbs and conducted an IP survey to end the exploration season. Encouraging assay results have been released from the Michigan, Lower Trench and Wolverine Zones at Tibbs. Summary The Tibbs project is located in the Goodpaster Mining District approximately 175 kilometres southeast of Fairbanks, Alaska, and 35 kilometres east of the Pogo Mine. The project is accessible via helicopter and historic winter trails and hosts an unimproved airstrip in the Tibbs Creek drainage. The property is comprised of 169 State of Alaska mining claims covering 13,480 acres, with at least 17 known target areas and historic lode Au production in three locations. The addition of Carrie Creek, Native Owned Land belonging to Doyon, Limited, in August 2020 adds a further 15,800 acres to Tibbs. Gold mineralization at the property is hosted in both intrusive and metamorphic rocks of the Yukon Tanana Terrane (YTT) and appears to be controlled by the district-scale Black Mountain Tectonic Zone, a northeast trending structural corridor. Gold occurs in both high-angle quartz-arsenopyrite lode veins similar to the North Zone veins at the Pogo Mine and sheeted to stockwork quartz-sulphide veins hosted within sericite-altered granodiorite. The Tibbs property offers high-grade gold mineralization at surface, in trenches, and in drill core, all in proximity to existing infrastructure and an active mill. Tectonic’s exploration work in 2017 and 2018 consisted of power auger soil sampling, a property-wide DIGHEM geophysical survey, and CanDig heli-portable excavator trenching to test for bedrock mineralization and define high-grade drill targets for follow up. In 2019, Tectonic completed a 2,184 metre Rotary Air Blast (RAB) drilling campaign at Tibbs, testing 9 priority targets including those generated during the previous exploration seasons. In 2020, Tectonic completed 3,202 metres (“m”) of RAB drilling in 27 holes at its Tibbs Gold Project (“Tibbs”) over a three-week period beginning in mid-July. Drilling was focused on stepping out from a 2019 RAB intercept of 6.03 grams per tonne gold (“g/t Au”) over 28.95m at the Michigan zone as well as testing similar northeast-trending structural corridors at the Lower Trench and Wolverine targets. Please see complete tables of drill results from all Tectonic 2019 and 2020 drill holes at Tibbs including maps, sections, and drill assay sheets here. About the Carrie Creek Property The Carrie Creek property is contiguous to the north and south of Tectonic’s Tibbs project and covers the heart of the Black Mountain Tectonic Zone, a regional-scale, northeast-trending structure which controls mineralization at the Tibbs Project to the north and Northern Star’s Brink prospect to the southwest. The property is comprised of two blocks of Doyon lands (Native Owned Land) covering 15,800 acres. At Carrie Creek, Cretaceous-aged intrusives and gneissic and schistose country rocks are cut by multiple high-angle fault structures or shear zones which appear to control gold mineralization at the property. From west to east, the structures are the Gunsight, Missing Lynx, Black Mountain, and Raincoat Ridge Shear Zones. All four shear structures trend north-northeast. At least three styles of quartz veining with associated gold mineralization are observed: sheeted quartz veins and veinlets with associated pyrrhotite, scheelite, molybdenite, and bismuth minerals, thicker quartz-pyrite-arsenopyrite-bismuthenite veins, and stockwork quartz-pyrite-arsenopyrite-stibnite veins associated with strong sericite alteration of the wall rock. The three vein styles are analogous to the Brink and the Fort Knox gold deposits, and the Gray Lead prospect at Tibbs and North Zone veins at Pogo, and the Michigan Zone at Tibbs respectively. The previous operator completed property-wide shovel soil and rock sampling, CSAMT geophysical surveys, and 3,000 meters of diamond drilling over 13 holes as part of a reconnaissance program during the “Pogo rush” of the late 1990’s. The limited drilling identified multiple zones for follow up but did not test many high-priority targets. The property has seen no additional exploration work over the past 20 years. About the Mt. Harper Property The Mt. Harper property is located 25km southeast of the Tibbs and Carrie Creek properties, adjacent to the Mt. Harper lineament, a regional-scale northeast trending structural domain. The property comprises approximately 49,800 acres of Doyon lands (Native Owned Land) and has only seen minimal historic exploration. The Mt. Harper property is hosted by Cretaceous aged quartz monzonite and granodiorite which intruded into Paleozoic gneissic and schistose rocks. The Mt. Harper intrusive complex hosts numerous styles of mineralization including high-grade molybdenum-bearing quartz veins and tungsten-rich skarns. The 19km by 11km property also hosts porphyry molybdenum-copper targets as well as structurally controlled silver-lead-zinc mineralization. Though historic exploration in the early 1980’s and the late 1990’s focused on the skarn mineralization, prospecting to follow up on stream sediment anomalies located rock samples of quartz-sericite-pyrite altered granodiorite containing up to 0.770 g/t Au. Six main target areas are known from historical work at the property: Larsen Ridge/Lucky 13, Airplane Ridge, Quartz Porphyry, Good South, Section 21, and Watterson Ridge. A limited diamond drilling program consisting of 4 holes for 490 meters was attempted in 1981 at Larsen Ridge/ Lucky 13. The program was exclusively focused on testing skarn mineralization and was cut short due to poor weather late in the season, failing to adequately test any target. No follow up work was completed at the property. Subsequent mapping and prospecting conducted at the Lucky 13 and Section 21 prospects during summer 2020 at Mt. Harper confirmed the presence of at least three styles of mineralization: copper-tungsten-silver skarn, stockwork gold-molybdenum, and breccia-hosted gold-silver-bismuth. At the Lucky 13 prospect, a historical skarn target, this year’s prospecting returned values of trace to 2.45 g/t Au and 936 parts per million Mo within stockwork quartz veins hosted by quartz monzonite. At Section 21, Tectonic collected a rock grab sample of quartz vein breccia containing 1.26 g/t Au with associated Ag (>100 ppm), Bi (>2,000 ppm), and elevated lead (774 ppm), zinc (110 ppm) and antimony (83 ppm). Location The Tibbs project is located in the Goodpaster Mining District approximately 175 kilometres southeast of Fairbanks, Alaska, 80 kilometres northeast of the town of Delta Junction, and 35 kilometres east of the Pogo Mine. Delta Junction is a well-serviced town located 150 kilometres southwest of Fairbanks on the Alaska Highway. The property is accessible via helicopter and historic winter trails which access the project via the Tibbs Creek drainage in the west, and the Summit Creek drainage in the east. The nearest road access to the project is the terminus of the Pogo gold mine access road, approximately 35 kilometres west-northwest of the project. An unimproved airstrip in the Tibbs Creek drainage offers limited access to the western portion of the claim block. Elevations on the property range from ~1,200 metres in valley bottoms to 1,550 metres at Black Mountain in the southeastern area of the project. Geological Summary The Tibbs property is located within the Yukon-Tanana terrane (YTT), an allochthonous accreted terrane comprised mainly of Proterozoic to Triassic metaigneous and metasedimentary assemblages extending from east-central Alaska to south-central Yukon. The YTT is bounded to the north by the Tintina Fault Zone and to the south by the Denali Fault; both show a lateral displacement of roughly 400 km. Conjugate to these are a series of northeast-trending faults, including the Shaw Creek fault directly west of the Pogo deposit, and the Black Mountain Tectonic Zone which extends through the Tibbs property area. District-scale northwest-trending sympathetic faults, including the Pogo trend, occur between the Tintina and Denali faults. The YTT east of the Black Mountain fault has undergone intrusion by Cretaceous to Tertiary plutonic rocks, including the Black Mountain intrusion. The Black Mountain tectonic zone is centered along the western boundary of the mid-Cretaceous Black Mountain intrusion, in contact with Devonian biotite gneiss and augen gneiss to the west. In the property area, the Black Mountain tectonic zone occurs as a series of northeast to north-northeast trending normal and left-lateral high-angle strike-slip faults. The Black Mountain intrusion is comprised of biotite granodiorite with lesser andesite porphyry. A late biotite-hornblende diorite dyke crosscuts all units, and marks much of the west margin of the intrusion. Three styles of gold mineralization have been observed at the project: Pogo-style Au+Bi±As±Te±W in quartz veins at the Gray Lead and Hilltop/Oscar prospects, and Au+As+Sb in quartz veins and wall rock disseminations at the Michigan, Blue Lead, Grizzly Bear, Upper/Lower Trench, O’Reely, and Wolverine prospects. Several of these prospects host both styles of mineralization in the same structure suggesting multi-phase mineralization took place. At the Gray Lead prospect a quartz-arsenopyrite ± pyrite ± bismuthinite ± jamesonite vein attaining widths of up to 4 metres was formed at temperatures from 260 – 455 °C, and pressures of not less than 1,700 bar. The vein appears to extend roughly along the western contact of the Black Mountain intrusion at the Gray Lead prospect. In the east of the project, quartz-stibnite-arsenopyrite veins and stockworks are found within sericitized granodiorite, notably at the > 1 km long, northeast trending corridor which defines the Michigan prospect. Both styles of mineralization are believed to represent a single intrusion-related gold system, with a deeper, higher-pressure setting for Gray Lead-style mineralization, and a higher-level, lower pressure, outboard setting for mineralization at Michigan. Prospecting activity during the summer of 2020 identified a third style of mineralization at Tibbs in the form of Fort Knox-style intrusion-hosted sheeted gold-quartz-bismuthenite veins at the Jorts and Hilltop prospects.
Projects
["### Flat\n\nFlat represents a rare opportunity: a large scale, intrusion-hosted gold system with mineralization beginning at surface in close proximity to a world-class gold deposit, within the 3rd largest placer mining district in Alaska.\n\n[Get the full story](https://www.tectonicmetals.com/projects/flat/)\n\n### Tibbs\n\nThe Tibbs Project hosts three new Tectonic drill discoveries in the Goodpaster District and is 35 kilometres east of the Pogo Mine.\n\n[Get the full story](https://www.tectonicmetals.com/projects/tibbs/)\n\n### Opportunity\n\n01.\nThe Tibbs Gold Project hosts three new Tectonic drill discoveries in the Goodpaster Mining District. The Project is located 35 kilometres east of the world-class Pogo Mine, owned and operated by Northern Star Resources Ltd., with robust infrastructure, power and an active mill.\n\n02.\nThe recent acquisition of the Carrie Creek property from Doyon Limited increases the Tibbs Gold Project by 15,800 acres while extending the district-scale opportunity for Tectonic. This acquisition also represents a strengthening of our already close partnership with Doyon.\n\n03.\nThe Tibbs Gold Project boasts high-grade gold mineralization at surface, in trenches and in drilling, including a RAB drill intercept of 6.03 g/t Au over 28.95m at the Michigan prospect. Three distinct styles of gold mineralization are now observed at Tibbs: 1) Pogo-style high-grade gold-quartz veining; 2) Intrusion-hosted disseminated sulphides and stockwork gold-quartz-stibnite-arsenopyrite veining; and 3) Fort Knox-style intrusion-hosted sheeted gold-quartz-bismuthenite veins.\n\n04.\nIn 2020, Tectonic completed 3,202m of RAB drilling in 27 holes at Tibbs and conducted an IP survey to end the exploration season. Encouraging assay results have been released from the Michigan, Lower Trench and Wolverine Zones at Tibbs.\n\n### Summary\n\nThe Tibbs project is located in the Goodpaster Mining District approximately 175 kilometres southeast of Fairbanks, Alaska, and 35 kilometres east of the Pogo Mine. The project is accessible via helicopter and historic winter trails and hosts an unimproved airstrip in the Tibbs Creek drainage. The property is comprised of 169 State of Alaska mining claims covering 13,480 acres, with at least 17 known target areas and historic lode Au production in three locations. The addition of Carrie Creek, Native Owned Land belonging to Doyon, Limited, in August 2020 adds a further 15,800 acres to Tibbs.\n\nGold mineralization at the property is hosted in both intrusive and metamorphic rocks of the Yukon Tanana Terrane (YTT) and appears to be controlled by the district-scale Black Mountain Tectonic Zone, a northeast trending structural corridor. Gold occurs in both high-angle quartz-arsenopyrite lode veins similar to the North Zone veins at the Pogo Mine and sheeted to stockwork quartz-sulphide veins hosted within sericite-altered granodiorite. The Tibbs property offers high-grade gold mineralization at surface, in trenches, and in drill core, all in proximity to existing infrastructure and an active mill.\n\nTectonic’s exploration work in 2017 and 2018 consisted of power auger soil sampling, a property-wide DIGHEM geophysical survey, and CanDig heli-portable excavator trenching to test for bedrock mineralization and define high-grade drill targets for follow up.\n\nIn 2019, Tectonic completed a 2,184 metre Rotary Air Blast (RAB) drilling campaign at Tibbs, testing 9 priority targets including those generated during the previous exploration seasons. In 2020, Tectonic completed 3,202 metres (“m”) of RAB drilling in 27 holes at its Tibbs Gold Project (“Tibbs”) over a three-week period beginning in mid-July. Drilling was focused on stepping out from a 2019 RAB intercept of 6.03 grams per tonne gold (“g/t Au”) over 28.95m at the Michigan zone as well as testing similar northeast-trending structural corridors at the Lower Trench and Wolverine targets. Please see complete tables of drill results from all Tectonic 2019 and 2020 drill holes at Tibbs including maps, sections, and drill assay sheets [here](https://www.tectonicmetals.com/projects/tibbs/#geology).\n\n**About the Carrie Creek Property**\n\nThe Carrie Creek property is contiguous to the north and south of Tectonic’s Tibbs project and covers the heart of the Black Mountain Tectonic Zone, a regional-scale, northeast-trending structure which controls mineralization at the Tibbs Project to the north and Northern Star’s Brink prospect to the southwest. The property is comprised of two blocks of Doyon lands (Native Owned Land) covering 15,800 acres.\n\nAt Carrie Creek, Cretaceous-aged intrusives and gneissic and schistose country rocks are cut by multiple high-angle fault structures or shear zones which appear to control gold mineralization at the property. From west to east, the structures are the Gunsight, Missing Lynx, Black Mountain, and Raincoat Ridge Shear Zones. All four shear structures trend north-northeast. At least three styles of quartz veining with associated gold mineralization are observed: sheeted quartz veins and veinlets with associated pyrrhotite, scheelite, molybdenite, and bismuth minerals, thicker quartz-pyrite-arsenopyrite-bismuthenite veins, and stockwork quartz-pyrite-arsenopyrite-stibnite veins associated with strong sericite alteration of the wall rock. The three vein styles are analogous to the Brink and the Fort Knox gold deposits, and the Gray Lead prospect at Tibbs and North Zone veins at Pogo, and the Michigan Zone at Tibbs respectively.\n\nThe previous operator completed property-wide shovel soil and rock sampling, CSAMT geophysical surveys, and 3,000 meters of diamond drilling over 13 holes as part of a reconnaissance program during the “Pogo rush” of the late 1990’s. The limited drilling identified multiple zones for follow up but did not test many high-priority targets. The property has seen no additional exploration work over the past 20 years.\n\n**About the Mt. Harper Property**\n\nThe Mt. Harper property is located 25km southeast of the Tibbs and Carrie Creek properties, adjacent to the Mt. Harper lineament, a regional-scale northeast trending structural domain. The property comprises approximately 49,800 acres of Doyon lands (Native Owned Land) and has only seen minimal historic exploration.\n\nThe Mt. Harper property is hosted by Cretaceous aged quartz monzonite and granodiorite which intruded into Paleozoic gneissic and schistose rocks. The Mt. Harper intrusive complex hosts numerous styles of mineralization including high-grade molybdenum-bearing quartz veins and tungsten-rich skarns. The 19km by 11km property also hosts porphyry molybdenum-copper targets as well as structurally controlled silver-lead-zinc mineralization. Though historic exploration in the early 1980’s and the late 1990’s focused on the skarn mineralization, prospecting to follow up on stream sediment anomalies located rock samples of quartz-sericite-pyrite altered granodiorite containing up to 0.770 g/t Au.\n\nSix main target areas are known from historical work at the property: Larsen Ridge/Lucky 13, Airplane Ridge, Quartz Porphyry, Good South, Section 21, and Watterson Ridge. A limited diamond drilling program consisting of 4 holes for 490 meters was attempted in 1981 at Larsen Ridge/ Lucky 13. The program was exclusively focused on testing skarn mineralization and was cut short due to poor weather late in the season, failing to adequately test any target. No follow up work was completed at the property.\n\nSubsequent mapping and prospecting conducted at the Lucky 13 and Section 21 prospects during summer 2020 at Mt. Harper confirmed the presence of at least three styles of mineralization: copper-tungsten-silver skarn, stockwork gold-molybdenum, and breccia-hosted gold-silver-bismuth. At the Lucky 13 prospect, a historical skarn target, this year’s prospecting returned values of **trace to 2.45 g/t Au** and 936 parts per million Mo within stockwork quartz veins hosted by quartz monzonite. At Section 21, Tectonic collected a rock grab sample of quartz vein breccia containing **1.26 g/t Au** with associated Ag (>100 ppm), Bi (>2,000 ppm), and elevated lead (774 ppm), zinc (110 ppm) and antimony (83 ppm).\n\n### Location\n\nThe Tibbs project is located in the Goodpaster Mining District approximately 175 kilometres southeast of Fairbanks, Alaska, 80 kilometres northeast of the town of Delta Junction, and 35 kilometres east of the Pogo Mine. Delta Junction is a well-serviced town located 150 kilometres southwest of Fairbanks on the Alaska Highway.\n\nThe property is accessible via helicopter and historic winter trails which access the project via the Tibbs Creek drainage in the west, and the Summit Creek drainage in the east. The nearest road access to the project is the terminus of the Pogo gold mine access road, approximately 35 kilometres west-northwest of the project. An unimproved airstrip in the Tibbs Creek drainage offers limited access to the western portion of the claim block. Elevations on the property range from ~1,200 metres in valley bottoms to 1,550 metres at Black Mountain in the southeastern area of the project.\n\n### Geological Summary\n\nThe Tibbs property is located within the Yukon-Tanana terrane (YTT), an allochthonous accreted terrane comprised mainly of Proterozoic to Triassic metaigneous and metasedimentary assemblages extending from east-central Alaska to south-central Yukon. The YTT is bounded to the north by the Tintina Fault Zone and to the south by the Denali Fault; both show a lateral displacement of roughly 400 km. Conjugate to these are a series of northeast-trending faults, including the Shaw Creek fault directly west of the Pogo deposit, and the Black Mountain Tectonic Zone which extends through the Tibbs property area. District-scale northwest-trending sympathetic faults, including the Pogo trend, occur between the Tintina and Denali faults. The YTT east of the Black Mountain fault has undergone intrusion by Cretaceous to Tertiary plutonic rocks, including the Black Mountain intrusion.\n\nThe Black Mountain tectonic zone is centered along the western boundary of the mid-Cretaceous Black Mountain intrusion, in contact with Devonian biotite gneiss and augen gneiss to the west. In the property area, the Black Mountain tectonic zone occurs as a series of northeast to north-northeast trending normal and left-lateral high-angle strike-slip faults. The Black Mountain intrusion is comprised of biotite granodiorite with lesser andesite porphyry. A late biotite-hornblende diorite dyke crosscuts all units, and marks much of the west margin of the intrusion.\n\nThree styles of gold mineralization have been observed at the project: Pogo-style Au+Bi±As±Te±W in quartz veins at the Gray Lead and Hilltop/Oscar prospects, and Au+As+Sb in quartz veins and wall rock disseminations at the Michigan, Blue Lead, Grizzly Bear, Upper/Lower Trench, O’Reely, and Wolverine prospects. Several of these prospects host both styles of mineralization in the same structure suggesting multi-phase mineralization took place. At the Gray Lead prospect a quartz-arsenopyrite ± pyrite ± bismuthinite ± jamesonite vein attaining widths of up to 4 metres was formed at temperatures from 260 – 455 °C, and pressures of not less than 1,700 bar. The vein appears to extend roughly along the western contact of the Black Mountain intrusion at the Gray Lead prospect. In the east of the project, quartz-stibnite-arsenopyrite veins and stockworks are found within sericitized granodiorite, notably at the > 1 km long, northeast trending corridor which defines the Michigan prospect. Both styles of mineralization are believed to represent a single intrusion-related gold system, with a deeper, higher-pressure setting for Gray Lead-style mineralization, and a higher-level, lower pressure, outboard setting for mineralization at Michigan. Prospecting activity during the summer of 2020 identified a third style of mineralization at Tibbs in the form of Fort Knox-style intrusion-hosted sheeted gold-quartz-bismuthenite veins at the Jorts and Hilltop prospects."]
Leadership
Tony Reda (President and CEO, Experienced leader in mineral exploration with a strong track record in capital allocation and project development.), Dr. John P. Armstrong, Ph.D., P Geol. (Board Member, Over 30 years of experience in mining and mineral exploration, previously Vice President of Mineral Resources at Lucara Diamond Corp.), Eira Thomas (Chairperson, Co-founder of Tectonic with over 30 years of experience in the mining sector, known for leading the Coffee Gold Project to a $520 million acquisition.), Xavier Wenzel (CFO, Over 25 years of finance and public accounting experience, previously held senior management roles in public companies.)

Verified data last updated: 2026-05-15

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