Tony reda, President and CEO, commented, “Tectonic’s innovative approach to mineral exploration is once again reflected in our decision to conduct an in-depth TITAN research survey at Tibbs. For the first time in the history of this property, a non-airborne geophysical survey will fully traverse potential host rocks and the It is interesting to note that limited historical ground geophysical surveys have been limited to intrusive rocks, while gneissic rocks to the west of the property, which are similar to those that harbor mineralization from the nearby Pogo gold mine, have not been tested. Extending our TITAN lines across the entire rock and structural corridor at Tibbs will help us drill this season for possible shear or low angle structures in gneissic rocks, a target potentially analogous to the veins of Liese to Pogo. “
Field observations and previous structural analyzes undertaken by Tectonic suggest the presence of low-angle extension and shear structures in gneissic rocks. This structural and geological setting is similar to that found in the Liese zone of the Pogo gold mine, where low-angle reactivated shear structures harbor gold mineralization in quartz-sulphide veins. The underground resolution provided by the near-surface DCIP and deep-sighted TM will facilitate interpretation of the structural architecture of the project. The results of the survey will be instrumental in determining drill hole targeting during the second phase of the Company’s ongoing 2021 drilling program at Tibbs.
TITAN-160 survey – Technical details
Four TITAN lines 4000m long and spaced about 1000 m apart are planned at Tibbs. The dipoles are spaced 100m along each line, with MV sites spaced 200m, to provide data coverage at significant depths (DCIP at approximately 750m depth; MT resistivity at about 4000m depth). The investigation is expected to be completed in the second half of July.
A map of planned TITAN lines is available on the Tectonic website here.
Tectonic’s ongoing exploration program in 2021 includes the first oriented diamond drill core in the property’s history, a TITAN survey, as well as geological mapping and prospecting. The program is designed to achieve structural control over the high grade mineralization drilled by the Company in the previous two seasons, while refining and testing newly discovered exploration targets with structural, geological and geochemical characteristics similar to those mineralization from the Pogo gold mine.
Detailed maps, cross sections and historical drilling data relating to Tibbs can be found on the Tectonic website here.
Qualified person and QA / CQ
Tectonic’s technical or scientific disclosure in this press release has been reviewed, verified and approved by Eric Buitenhuis, M.Sc., P.Geo., Vice-President Exploration of Tectonic, who acts as a qualified person as defined in National Instrument 43-101.
On behalf of Tectonic Metals Inc.,
President and CEO
For more information on Tectonic Metals Inc. or this press release, please visit our website at www.tectonicmetals.com or contact Tony reda, President and CEO of Tectonic, or Bill Stormont, Investor Relations, toll free at 1.888.685.8558 or by email at [email protected].
Caution Regarding Forward-Looking Statements
Certain information contained in this press release constitutes forward-looking information and statements under applicable securities laws. All statements contained in this press release that are not statements of historical fact can be considered as forward-looking statements. Forward-looking statements are often identified by words such as “may”, “should”, “anticipate”, “expect”, “intend” and similar expressions.
Forward-looking information is not a guarantee of future performance and is based on a number of estimates and assumptions made by management at the date the statements are made, including, among others, assumptions regarding future prices. gold and other metals, exchange and interest rates, favorable operating conditions, political stability, obtaining government and other approvals and financing on time, obtaining the required licenses and permits, stability of labor, stable market conditions, availability of equipment, accuracy of all mineral resources, successful dispute resolution, and fees and expenses. Many assumptions are based on factors and events beyond Tectonic’s control, and there can be no assurance that they will prove to be correct.
Although Tectonic considers these beliefs and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements contained in this press release are subject to numerous risks, uncertainties and other factors that may cause future results may differ materially from those expressed or implied in these forward-looking statements. Forward-looking statements necessarily involve known and unknown risks, including, without limitation: the ability of the Company to execute its business strategies; risks associated with mining exploration and production; risks associated with general economic conditions; adverse industry events; marketing and transport costs; loss of markets; volatility of commodity prices; the inability to access sufficient capital from internal and external sources, and / or the inability to access sufficient capital on favorable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks.
Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will be achieved. This information, although considered reasonable by management at the time of its preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Although Tectonic has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, other factors may cause results not to be as anticipated, estimated or expected. . There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking information. Tectonic does not undertake to update forward-looking information except in accordance with applicable securities laws.
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SOURCE Tectonic Metals Inc.