Tectonic Commences Diamond Drilling Program at the Tibbs Gold Project
Tectonic Metals’ Tibbs project is located in the Interior in the Goodpaster Mining District.
Tectonic Metals announced the commencement of its 2021 diamond drilling program at the Tibbs Gold Project, located in Alaska’s Goodpaster Mining District.
The program is Tectonic’s inaugural diamond drilling campaign and will consist of approximately 3,000 meters in two phases, with an average hole depth of approximately 200 meters.
Oriented core drilling will test both known exploration targets such as the Michigan Zone, where Tectonic’s reconnaissance Rotary Air Blast (RAB) drilling returned 6.71 grams per tonne gold over 9.14 meters including 19.3 grams per tonne gold over 3.05 meters in 2020, and newly identified and untested structural and soil geochemical targets delineated by Tectonic in 2020 such as the West Trench target.
Tony Reda, president and CEO, commented, “The Tibbs Gold Project’s 29,000 acres represent a compelling district-scale gold exploration opportunity only 35 kilometers from the world class Pogo Gold Mine. Tibbs hosts some of the highest tenor gold anomalies in the Goodpaster and evidence of compelling Pogo-style vein mineralization. For the first time these targets will be subject to testing with oriented core diamond drilling. We could not be more excited to get the drills turning and look forward to keeping our investors updated as the season progresses.”
Drilling will be conducted at known high-grade targets (Michigan, Gray Lead Zone) to obtain detailed structural information which will aid in the interpretation of each target and the overall structural setting of the project.
Drilling is also planned at newly defined or reinterpreted structural and geochemical anomalies across the property that were identified by the company as high-priority targets. Detailed maps, cross sections and historic drill data relating to Tibbs may be found on Tectonic’s website.
About the Tibbs Gold Project
The Tibbs project is located in the Goodpaster Mining District approximately 175 kilometers southeast of Fairbanks and 35 kilometers east of the Pogo Mine. The project is accessible via helicopter and historic winter trails and hosts an unimproved airstrip in the Tibbs Creek drainage. The property covers 29,280 acres of highly prospective geology hosting over 25 target areas and historic lode gold production in three locations.
Gold mineralization at the property is hosted in both intrusive and metamorphic rocks of the Yukon Tanana Terrane and appears to be controlled by the district-scale Black Mountain Tectonic Zone, a northeast trending structural corridor.
Three distinct styles of gold mineralization are observed at Tibbs: 1) Pogo-style high-grade gold-quartz veining at the Gray Lead prospect; 2) Intrusion-hosted disseminated sulphides and stockwork gold-quartz-stibnite-arsenopyrite veining at the Michigan and Upper/Lower Trench prospects; and 3) Fort Knox-style intrusion-hosted sheeted gold-quartz-bismuthenite veins at the Jorts and Hilltop prospects. The Tibbs property offers high-grade gold mineralization at surface, in trenches, and in drill core, all in proximity to existing infrastructure and an active mill.
The 2021 Drill Program, Phase I.
Tectonic has completed exploration work at the property over four campaigns beginning in 2017, with a gradual progression from grassroots methodologies such as geological mapping and power auger soil sampling, heli-portable excavator trenching, and airborne magnetic and electromagnetic geophysics through to RAB drilling campaigns in 2019 and 2020.
Soil geochemical sampling in 2020 identified previously unknown, high tenor gold, arsenic, and bismuth soil anomalies west of previous exploration in similar host rocks as the Pogo deposit.
Tectonic’s 2021 program will be the first core drilled on the property since 2011 and the first oriented core in the property’s history. The program is designed to obtain structural control on high grade mineralization drilled by the Company over the previous two seasons, while also testing newly discovered exploration targets with similar structural, geological, and geochemical features as mineralization at the Pogo Gold Mine.
In This Issue
50 Years of ANSCA
Fifty years ago, as the Watergate scandal swirled around then-President Richard Nixon, he signed into law the Alaska Native Claims Settlement Act (ANCSA). It was the largest land claims settlement in the nation’s history and a stark departure from agreements forced on Tribes in the Lower 48.