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Tectonic Metals Inc.
Summary
| Project: | Northway | |
|---|---|---|
| Deposit: | Northway | |
| Location: | United States | |
| Commodities: | Gold-Copper-Molybdenum | |
| Date: | 10/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-10-2019: Tectonic Metals Inc. announces a Supporting Acquisition report for its Northway deposit at the Northway project. Summary of property. In May 2019, Tectonic Metals Inc. (Tectonic) of Vancouver, British Columbia, Canada, commissioned Au | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Carl Schulze (Aurora Geosciences Ltd.) | |
| ABSTRACT: | In May 2019, Tectonic Metals Inc. (Tectonic) of Vancouver, British Columbia, Canada, commissioned Aurora Geosciences Ltd. to complete a Technical Report conforming to regulations within National Instrument 43-101, of the Northway property, located at the Village of Northway, east-central Alaska, USA. This is a “Property of Merit” based on two geochemical anomalies, Areas 6 and 7, prospective for porphyry-style mineralization, and a third occurrence, the Road Metal prospect, comprising greisenhosted gold-bearing mineralization. The Northway property comprises a mining lease covering 74,780 hectares (Ha) granted to Tectonic by Doyon Ltd. (Doyon) on June 1, 2018. The lease is valid for 15 years from that date and may be extended for an additional 5 years subject to the release of a feasibility report. If commercial mineral production is achieved, the lease will continue for as long as commercial production continues. By March 1, 2024 Tectonic must release 50% of the leased lands to Doyon Ltd. unless geological justification for their retention can be provided. The property is bisected by Highway 1 (the Alaska Highway), which extends SE-NW across it. Winter trails and minor roads provide some additional access for ATVs or tracked vehicles; otherwise, most of the property requires helicopter access. Terrain is moderate, with elevations ranging from 520 m to 945 m. The southwestern property area covers the Tanana River floodplain, not amenable to exploration. The climate is sub-arctic with short, warm summers and long, very cold winters. | |
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