Tectonic Metals Stock Price, News & Analysis

Tectonic Metals (TETOF) announced significant results from its Michigan Zone drill hole TBDD21-002, with a check assay returning 104.5 g/t Au over 1.0 m, indicating a notable gold nugget effect. Previous assays showed varied gold concentrations, evidencing a coarse gold distribution influenced by structural factors. The mineralized strike is 275 m with a depth of 250 m, with mineralization open in all directions. Future assays will focus on better understanding nuggety gold's distribution. This assay is part of ongoing exploration at the Tibbs Gold Project in Alaska.

Tectonic Metals Inc. has summarized its successful 2021 exploration activities, including 5,018 meters of drilling at the Tibbs Gold Project in Alaska. The company focused on high-grade gold targets, with phase I results released and phase II assays pending. Notable highlights include the first drill tests at five targets, high-grade rock grab samples up to 190 g/t Au, and a significant acquisition of the Flat Gold Project. The company aims to discover mineable gold deposits using the Pogo Geological Model.

Tectonic Metals Inc. announced a significant surface discovery of high-grade quartz-sulphide veining at the Tibbs Gold Project, with rock sample values reaching 190.4 g/t Au. This marks the first identification of 'Pogo-style' vein mineralization in the western gneissic region of the Tibbs project, aligning with the geological features of the nearby Pogo Gold Mine. The Phase II drilling campaign tested six targets, comprising 4,215 meters across 23 drill holes, with assay results pending. This discovery reinforces Tectonic's exploration model and indicates potential for further mineralization.

Tectonic Metals Inc. (OTCQB: TETOF) reported positive results from its Phase I diamond drilling at the Tibbs Gold Project in Alaska, with high-grade gold intercepts including 12.45 g/t Au over 5.15m and 7.69 g/t Au over 6.12m. The drilling targeted two key zones: Gray Lead and Michigan, revealing a previously unknown northwest plunge to high-grade core mineralization. A total of 803m were drilled, with assays pending for an additional 4,215m. The results suggest strong potential for further gold discoveries in the region.

Tectonic Metals Inc. (OTCQB: TETOF) has appointed Allison Rippin Armstrong as Chair of the Board, following the passing of Mel E. Benson. With over 25 years in mineral exploration, Armstrong brings expertise in environmental compliance and community development. Her prior roles include Vice President at Kaminak Gold Corp. and involvement with various non-profits. Tectonic, known for wealth creation in shareholder value, aims to continue its growth under her leadership, emphasizing sustainability and Indigenous relations.

Tectonic Metals Inc. (TETOF) announced the approval of all matters at its Annual General and Special Meeting held on October 6, 2021. Key decisions included the re-election of directors Antonio Reda, Curt Freeman, Allison Rippin Armstrong, and Michael Roper, the re-appointment of Davidson & Company LLP as auditors, and the adoption of a new Equity Incentive Plan. Following the recent passing of Chairman Mel E. Benson, the board plans to appoint a new chairperson and director. Tectonic is focused on mineral exploration in stable jurisdictions with potential for significant ore deposits.

Tectonic Metals Inc. has acquired the Flat Gold Project, a significant gold exploration opportunity located 40km north of the Donlin Gold Project in Alaska. Covering 92,160 acres of Native-owned land, the project features a mineral lease agreement with Doyon, Limited, ensuring a partnership that covers exploration, production, and royalties. Historical data indicates the presence of both low-grade and high-grade gold mineralization. The acquisition aims to leverage existing infrastructure and enhance shareholder value through prospective gold recovery methods, contributing to Tectonic’s growth strategy in the mineral sector.

Tectonic Metals Inc. (TETOF) announced the passing of its Chairman, Mel E. Benson, on September 22, 2021. Benson served as Chairman since September 2019 and was known for his leadership, integrity, and deep connection with the Indigenous community. He received numerous awards for his contributions to society and had a long career in operations management. CEO Tony Reda reflected on Benson's legacy, highlighting his kindness and support for the team. The company extends condolences to Benson’s family, friends, and colleagues during this difficult time.

Tectonic Metals Inc. has reported promising results from its 2021 rock sampling at the Tibbs Gold Project, specifically at the Jorts target, with notable gold values reaching 50.3 g/t Au. This sampling resulted in a 450m long high-grade gold anomaly. The mineralization at Jorts shows similarities to that found at Kinross Gold's Fort Knox mine. The company has mobilized a second drill rig for 1,200m of reverse circulation drilling and plans an additional 2,500m at other high-priority targets, extending drilling into October 2021.