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Tectonic Metals Inc.
Summary
| Project: | Northway | |
|---|---|---|
| Deposit: | Northway | |
| Location: | United States | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc-Molybdenum | |
| Date: | 12/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-12-2019: Tectonic Metals Inc. announces an Exploration/Drilling Update report for its Northway deposit at the Northway project. Drilling results incl. 86.87m @ 0.029g/t Au, 52ppm Mo, 40ppm Cu, 73ppm Pb, 166ppm Zn, 0.6g/t Ag from 16.76m. VANCOUVER, Dec. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Eric Buitenhuis (Internal) | |
| ABSTRACT: | VANCOUVER, Dec. 19, 2019 /CNW/ - Tectonic Metals Inc. (TECT: TSX-V) (the "Company" or "Tectonic") today announced Rotary Air Blast ("RAB") drill assay results from the Phase II 2019 exploration program on the Company's Northway Project located in the State of Alaska ("Alaska"), USA. The 40 kilometre ("km") long Northway Project is bisected by the Alaska Highway on 184,000 acres of land leased from Doyon, Limited ("Doyon"), a top tier Alaska Native Regional Corporation with more than 12.5 million acres of land in Alaska and over 20,000 shareholders. Doyon is the largest private landholder in Alaska and one of the largest in North America. Tectonic and Doyon formed a milestone partnership agreement in the summer of 2018 whereby Tectonic was granted the exclusive right to explore for, develop and mine all minerals, ores and mineral products extracted from the Northway property. Tectonic's first pass, end-of-season drill program at the Northway Project intersected a new bedrock molybdenum anomaly at Target 6 and multiple polymetallic Au-Cu-Mo-Pb-Zn bedrock anomalies at Target 7. The drill program was designed to follow up on favourable 2019 Phase I GeoProbe top-of-bedrock sampling results and obtain bedrock data to inform and guide Tectonic's next steps at Northway in 2020. The 2019 RAB drill program consisted of 856 metres ("m") in eight shallow RAB drill holes; all eight drill holes intersected anomalous gold. Drilling tested two previously undrilled, >1km long soil geochemical anomalies including a copper-molybdenum-gold anomaly at Target 6 and gold-copper anomaly at Target 7. Both targets also individually host large, >2km x 5km magnetic anomalies with coincident Induced Polarization ("IP") chargeability anomalies. | |
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