Tectonic Metals - Anticipating Results From The 2024 Drill Program At The Flat Gold Project In Alaska
Tony Reda, Founder, President, and CEO of Tectonic Metals Inc. (TSXV:TECT)(OTCQB:TETOF), joins me for a Company introduction and overview of their 2024 exploration program at various targets at their flagship Flat Gold Project, located in Alaska. We start off discussing how the company came together, choosing to partner with one of Alaska's largest for-profit Native Regional Corporations, Doyon Ltd, and work across their large land package to identify key exploration targets focused on exploring for and delineating the next major bulk tonnage reduced intrusion gold system.
Next we discussed some of the historic work and prior company field work and surveying at the Chicken Mountain area where there has been a 100% drill success rate, with all 74 drill holes having returned gold mineralization. This year's drill program is going to be following up on some of the prospective areas at Chicken Mountain, and also testing the area to the north at Golden Apex , along with where the Adit/Happy trend converges on the trend at Chicken Mountain. We also discuss the Alpha Bowl area where placer gold from the rivers seems to be draining out of this area, making for some prospective drill targets. Their team has also been doing metallurgical testing recently, confirming the mineralization encountered has the right mix of metals and high recovery rates.
When then shifted to getting more background on the team behind Tectonic Metals, which includes many of the same key executives who transformed Kaminak Gold from a $3 million venture into a $520 million success story. These leaders raised $165 million to fund the acquisition, discovery, and advancement of the Coffee Gold Project in the Yukon Territory, including the completion of a bankable feasibility study, before selling the multi-million-ounce gold project to Goldcorp Inc. (now Newmont) for C$520 million in 2016. The company is cashed up, having just raised C$3,657,459 in a private placement offering, to fund this next exploration work program.
If you have any questions for Tony regarding Tectonic Metals, then please email me at Shad@kereport.com.
