The Seventymile property consists of a 40 km long greenstone gold belt located in a Tier 1 mining jurisdiction that has been unexplored for 20 years. Greenstone or Orogenic gold deposits account for ~75% of gold extracted globally; grades average between 7 and 10 g/t.
Shear Zone Gold Model confirmed previously unknown, shear-hosted gold mineralization directly below our 2018 and 2019 soil and top-of-bedrock anomalies confirmed. There are numerous historic high-grade gold intersections in drill core from limited drill campaigns (1988, 1989, 1990 and 2000) totalling 8,621 metres in 77 drill holes, and no exploration since 2000.
Project derisked: Tectonic signed a milestone agreement with Doyon Ltd., a top tier Alaska Native regional corporation, that comprehensively covers all aspects of exploration, development, production and royalties.
Tectonic Summer 2020 drilling campaign included a 2,587m, 26-hole RAB drill program: the first on property in 20 years. Mineralization intercepted in all holes with expansion potential at all zones. Mapping and prospecting were conducted in the summer of 2020 across the entire 40 km Seventymile property to identify new targets for possible reconnaissance drilling in 2021.