Opportunity

The 2023 drill program at Flat, combined with historical drill results, has delineated 1.8 km of mineralized strike to a vertical depth of 300 m with mineralization. Mineralization remains open in all directions and strengthens the case for a potential open-pit, multi-million ounce opportunity at Flat’s Chicken Mountain target. All 19 holes drilled in 2023 intersected gold mineralization and 12 drill holes ended in mineralization.

2023 Drill Results Webcast

2023 Drill Results Presentation

Flat is comprised of ~92,000 acres of Doyon lands and represents a district-scale opportunity for Tectonic. The property boasts consistent gold mineralization in intrusive-hosted, sheeted quartz veins structurally similar to the Fort Knox and Eagle gold mines (Kinross, Victoria Gold respectively) with multiple near-surface targets untested, and potential for both blind and buried mineralization and high-grade veining.

Indications are that gold mineralization at Flat is in part free-milling; placer gold is found within all creeks that drain the Chicken Mountain complex. This, in combination with the presence of historically mined placer gold deposits in each creek draining the host intrusion, suggests both a potential metallurgical and geological opportunity with a low-cost path forward.

Historic exploration at Flat occurred from the 1960s through to 2003, with placer production of approximately 1.4Moz Au since gold was discovered in the district in 1908. Historic exploration comprised of soil and rock samples as well as stream silt and pan composite samples. Approximately 11,000m of RC and diamond drilling conducted on the property and Flat remains fully open for expansion.