Acquisition Of The Flat Gold Project

VANCOUVER - Tectonic Metals Inc. announced the acquisition of the Flat Gold Project (Flat), an intrusion-hosted, bulk tonnage gold project located in southwestern Alaska. Flat consists of 92,160 acres of Native-owned land belonging to Doyon, Limited ("Doyon"), one of Alaska's largest Native Regional Corporations and private landholders. Doyon and Tectonic have formed a mutually beneficial mineral lease property agreement covering all aspects of exploration through to production, including royalties and ESG provisions. The resulting agreement aligns the interests and expectations of both parties involved, reduces risk, and creates a process that is capable of advancing a project from discovery through development and production to final reclamation.  

President and CEO, Tony Reda, said, "The acquisition of Flat provides Tectonic with access to one of the most exciting gold exploration opportunities in Alaska. The property's location is enhanced by gold mineralization. Flat also has the potential for free-milling gold, implying a simpler, less energy-intensive extraction process upon mining. This, in combination with historically mined placer gold deposits in creeks draining the property, points to an opportunity with a low-cost path forward. Tectonic is proud to once again be partnering with our largest shareholder, Doyon, to unlock the exploration potential at Flat. We look forward to focusing our methodical, innovative and targeted approach to gold exploration on the over 90,000-acre district-scale opportunity at Flat for the benefit of all Tectonic's shareholders and stakeholders."