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Tectonic Metals Inc.
Summary
| Project: | Seventymile | |
|---|---|---|
| Deposit: | Seventymile | |
| Location: | United States | |
| Commodities: | Gold | |
| 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 Seventymile deposit at the Seventymile 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. (Aurora) to complete a Technical Report conforming to regulations within National Instrument 43-101, on the Seventymile property. The property is located somewhat west of Eagle, Alaska, and northeast of Delta Junction, east-central Alaska, USA. This is a “Property of Merit” based on several prospective auriferous zones occurring throughout the Seventymile property. The Seventymile property is an approximately 60,654 Ha mining lease granted to Tectonic Metals Inc. by Doyon Ltd. on June 1, 2018. The lease is valid for 15 years and may be extended for an additional 5 years subject to the release of a feasibility report. Should commercial mineral production commence on the property, the lease will continue for as long as production continues on the property. The property is currently accessible only by helicopter, based at Delta Junction, Alaska but may be staged from the Village of Eagle. An airstrip near Alder Creek has been recently brushed out, although further verification is necessary to determine whether it is fit to use. The terrain is fairly moderate with elevations ranging from 365 m to 1,800 m. Locally rugged terrain is associated mainly with deeply incised stream valleys, although is evident in some other areas. The climate is subarctic, influenced by local montane effects. The field season extends from early June to late September. | |
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