Business
Tectonic Metals Kicks Off Drilling in Alaska with Back to Back Drill Programs Focused on Discovery
Tectonic Metals Kicks Off Drilling in Alaska with Back to Back Drill Programs Focused on D...
About this update from Tectonic Metals, Inc.
[{"type":"text","content":"\n\n\n\nTectonic Metals Kicks Off Drilling in Alaska with Back to Back Drill Programs Focused on Discovery\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, July 20, 2020\n\n\n\nVANCOUVER, BC, July 20, 2020 /CNW/ - Tectonic Metals Inc. (TSXV: TECT) (the \"Company\" or \"Tectonic\") today announced that Rotary Air Blast (\"RAB\") drilling commenced on the Company's Tibbs Gold Project (\"Tibbs\"), less than 35 kilometres (\"km\") from Northern Star Resources Ltd.'s high-grade Pogo Gold Mine in Alaska's Goodpaster Mining District.  Initial drilling at Tibbs is targeting expansion of the Company's 2019 drill discovery of 6.03 grams per tonne gold (\"g/t Au\") over 28.95 metres (\"m\") at the Michigan Zone.  Immediately following the Tibbs drill campaign, Tectonic will launch the first drill program in over 20 years on the Company's Seventymile Gold Project, which covers a >40 km long, underexplored greenstone belt in eastern Alaska.  Each drill program is projected to consist of approximately 2,500m of RAB drilling, with an average hole length of 100m.\n\n \n \n \n \n \n \n\n \nTony Reda, President & CEO, states, \"Drilling creates value, yet it can also destroy value.  As part of our business model, we assess the risk versus the reward versus the cost of capital to execute a drill program before making any decision.  Given our strong treasury in conjunction with the compelling targets and the untapped potential at our Tibbs and Seventymile projects, the Tectonic team has unanimously concluded that we must move forward with two drill programs this summer.  The truth machine is currently hard at work at our Tibbs Project following up on last year's drill intercept of roughly 6.0 g/t Au over 29.0m.  It will work through at least three exciting discovery-stage targets at Tibbs before moving to our Seventymile Project for our first-ever drill program on this underexplored greenstone belt.   Health and safety are always at the forefront of our minds, and even more...