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Tectonic Metals Inc.
Summary
| Project: | Tibbs | |
|---|---|---|
| Deposit: | Tibbs | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-11-2019: Tectonic Metals Inc. announces a Supporting Acquisition report for its Tibbs deposit at the Tibbs project. Amended report - summary of property. In May 2019, Tectonic Metals Inc. (Tectonic) of Vancouver, British Columbia, Canada, commissioned A | |
| 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 Tibbs property, located northeast of Delta Junction, east-central Alaska, USA. This is a “Property of Merit” based on several prospective auriferous zones occurring throughout the Tibbs property. The Tibbs property comprises 169 Alaska State mining claims, the ROB 1-84, ROB 95-106 and TMI 1-73 claims, which cover a total of 13,480 acres (5,457.5 ha). The claim block is located in the Goodpaster mining district and is centered roughly 35 km east-southeast of the Pogo gold mine. The underlying holder of the ROB 1-84 and ROB 95-106 claims is Tibbs Creek Gold LLC, and the underlying holder of the TMI 1- 73 claims is Anglo Alaska Gold Corp. On June 15, 2017, Tectonic and Tibbs Creek Gold, LLC (Tibbs Creek) entered into a Mining Lease and Option Agreement whereby Tibbs Creek wishes to grant Tectonic the full and exclusive right to use, occupy and carry out mineral exploration, production and extraction activities on the Tibbs property, and the option to acquire the property. The lease has a term of 10 years, terminating on the tenth anniversary of the execution date of the agreement. | |
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