Flat represents a rare opportunity: a large scale, underexplored, intrusion-hosted gold system with mineralization beginning at surface in close proximity to a world-class gold deposit, within the 4th largest placer mining district in Alaska. The Flat Gold Project is located 40 km north of the giant Donlin Gold deposit and situated on Native owned land belonging to Tectonic’s largest shareholder and close partner, Doyon, Limited.
Indications are that gold mineralization at Flat is in part free-milling; placer gold is found within all creeks that drain the Chicken Mountain – Black Creek volcano-plutonic complex. This, in combination with the presence of historically mined placer gold deposits in each creek draining the host intrusion, suggests both a potential metallurgical and geological opportunity with a low-cost path forward.
Flat is comprised of ~92,000 acres of Doyon lands and represents a district-scale opportunity for Tectonic. The property boasts consistent gold mineralization in intrusive-hosted, sheeted quartz veins structurally similar to the Fort Knox and Eagle gold mines (Kinross, Victoria Gold respectively) with multiple near-surface targets untested, and potential for both blind and buried mineralization and high-grade veining.
Historic exploration at Flat occurred from the 1960s through to 2003, with placer production of approximately 1.4Moz Au since gold was discovered in the district in 1908. Historic exploration comprised of soil and rock samples as well as stream silt and pan composite samples. Approximately 11,000m of RC and diamond drilling conducted on the property and Flat remains fully open for expansion.