Seventymile Gold Exploration Project Update
On November 12, 2020, Tectonic Metals Inc. (Tectonic) announced results from their 26-hole Rotary Air Blast (RAB) drilling campaign at the Seventymile Gold Project (Seventymile) in eastern Interior Alaska, located about 30 miles from Eagle.
Tectonic drilling focused on the 8-kilometer-long gold trend (“Flume Trend”), located in the northwestern region of Seventymile’s underexplored, 40-kilometer-long greenstone belt. The drill program tested high-tenor gold-in-soil and top-of-bedrock anomalies. Gold mineralization was intersected in all holes, although much work is required to understand the geology.
Eric Buitenhuis, Tectonic Metals’ Vice President Exploration, commented, “Tectonic is pleased to report exciting new results from our first drilling campaign at Seventymile, the first drill holes at the property in 20 years, and the first to test Tectonic’s shear zone gold model. The 2020 RAB campaign was executed as a targeted, three-week drill program designed to test six of our priority targets within the 8-km-long Flume Trend, which is just a small portion of greenstone within the broader 40-km-long Seventymile terrane held by Tectonic. Tectonic successfully confirmed our hypothesis of previously unknown, shear-hosted gold mineralization directly below our 2018 and 2019 soil and top-of-bedrock anomalies. Our 2020 RAB program has now identified targets warranting aggressive follow up in the future.”
View the drilling highlights and key takeaways here.
Tectonic and Doyon signed an agreement to explore for gold at Seventymile in 2018. Tectonic has an experienced and well-respected technical and financial team who previously discovered and advanced the Coffee Gold Project in Yukon Territory.
This was the first drilling on the Doyon surface and subsurface lands since the mid-1990s. When Doyon’s land selections were being made, the early Board set a strategy for some lands to be selected for the economic potential to enhance and promote education, economy, and employment for our villages and shareholders. Seventymile is one of many of those areas.
The Doyon Lands and Natural Resources Department continues to provide updates to nearby communities. Education contributions from Tectonic Metals Inc. supported sending over 20 Doyon Region youth to the Alaska Natives in Science and Engineering Program Middle School Academy and contributed to other educational programs benefiting over 100 Doyon elementary-age youth this summer.
For more information, contact the Doyon Lands and Natural Resources Department at 907-459-2030 or firstname.lastname@example.org.