Tecton Corporation is a uranium exploration company trading on the OTC Bulletin Board under the symbol TTNC. Tecton Corporation has a Swiss and Canadian management team focused on the acquisition and development of high- quality uranium properties. Tecton\'s corporate strategy is to acquire advanced-stage uranium properties that are either past producers, have been the subject of prior work programs, and/or contain historic resources. Additionally, Tecton intends to acquire selective early-stage properties should they possess significant geologic merit.
Why Invest in Tecton Corporation?
Tecton is well-funded and expects to achieve an attractive valuation on share price based upon its high-quality portfolio of uranium properties.
Tecton's strategy is to acquire and develop advanced-stage uranium properties that are either past producers, have been the subject of prior work programs and/or contain historic resources as well as selective early-stage properties should they possess significant geologic merit.
Tecton has a proven track record of acquiring projects that meet these criteria as evidenced by their present portfolio.
The management team is comprised of an experienced team of exploration geologists and finance professionals with a proven track record. Just recently, the same team successfully listed and funded the company Hemis Corporation.
Tecton currently has three projects:
Wapata Lake in the Athabasca Basin in Canada
Firefly Project in San Juan County, Utah
Ace of Spades in Canada
The company is also in negotiation to acquire over 700,000 acres in Labrador, Canada and is currently looking at properties in Patagonia, Argentina.
Wapata Lake in the Athabasca Basin
The Athabasca Basin in northern Saskatchewan is the world's largest producer of uranium, accounting for about one third of the world's uranium mine output.
The region is host to the largest high grade uranium deposits in the world. The extremely high-grade nature of the deposits and the low discovery costs make it the most prospective exploration region in the world. The Athabasca Basin has been identified as the "global hotspot" for high-grade unconformity-related uranium deposits accounting for more than 32% of global uranium supply.
Since 1968, 18 deposits totaling over 1.4 billion pounds of uranium have been discovered in the region. The Athabasca Basin occupies an area of about 100,000 sq km in northern Saskatchewan. After 2007 Canadian production is expected to increase further as more new mines come into production.
The Eastern Athabasca Basin is home to the largest and richest uranium deposits in the world. These include the operating McArthur River Mine with reserves of 436 million lbs U3O8 with an average grade of approximately 25% and the Cigar Lake Mine with reserves and resources 350 million pounds with an average grade of approximately 19%.
Tecton Land Position:
Tecton has acquired a 100% interest in exploration permits covering 633,192 acres in the Athabasca Basin. The permits, located in the northeastern portion of the Athabasca Basin, are adjacent or close to claims controlled by, among others, Magnum Uranium, Cogema, Pitchstone Exploration Ltd., Purepoint Uranium Group, and International Uranium Corporation. Tecton's property portfolio provides significant exposure to the world's most prolific uranium region.
Firefly Project in San Juan County, Utah
Tecton's Firefly Project is located in San Juan County Utah, about 25 air miles southeast of Moab, Utah. It is favorably situated within the highly prospective La Sal uranium trend lying between the orthogonally oriented Uravan, Colorado uranium trend to the east and the Lisbon Valley uranium district to the southwest. Together these three areas comprise one of the most productive uranium regions in the United States with total production in excess of 150 million lbs of U3O8, largely from the 1940's to the 1980's.
The region holds hundreds of former uranium mines, most mined by underground methods. Individual deposits contained a few hundred to several million lbs of U3O8. Typically, uranium ore was not milled at the mine site. Instead, it was trucked to a central milling facility. Two of the largest facilities, both now closed, were located at Moab and Uravan.
Uranium mineralization occurs within sandstone formations built by ancient river systems. These rocks are now preserved as gently dipping layers on the Colorado Plateau. Uranium mineralization at Lisbon Valley appears mostly within a Triassic age layer, in rocks that are 70 million years older than the uranium mineralized layer at La Sal/Uravan. Unlike Lisbon Valley, uranium mineralization at La Sal/Uravan often carries significant vanadium as a valuable co-credit.
The Triassic horizon is the Moss Back member of the Chinle Formation; at La Sal/Uravan the uranium host is the Salt Wash Member of the Morrison Formation. As much as 3,000 feet of layered rocks separate the two. In turn, the Salt Wash can be covered by up to several thousand feet of younger rocks; it remains largely unexplored below depths of 1,000 feet over much of the Colorado Plateau.
Within the La Sal Trend, the Salt Wash Member lies at or within 1,000 feet of the surface. The trend runs East-West, extends for 25 miles and terminates where the Morrison Formation has been eroded away and is missing. Production from historic mines and current uranium resources within the trend are estimated to total 20 million lbs of U3O8. Known resources are being mined and are under development by Dennison Mines and Energy Fuels, Inc. Dennison owns the White Mesa uranium mill located 50 miles road miles south. This is a fully permitted mill and could become a central processing facility for area mines in the future.
The Firefly Mine occurs in the eastern portion of the trend. The mine was discovered in 1952 as an extension of the Grey Daun Mine. Production records are incomplete however it's likely the two mines together yielded something less than 100,000 lbs of U3O8 and 500,000 lbs of V2O5 up through the 1970's. The average grade of the known production was .41% U3O8 and 1.8% V2O5, a gross value of more than $1,200 per ton at today's prices.
Tecton holds an option to acquire 100% interest in approximately 4,000 acres as 207 unpatented federal mining claims within the La Sal uranium trend. The claims cover both the Firefly and the Grey Daun mines. Within the permitting process of the Manti-La Sal National Forest, the federal agency that manages the surface of the claims, Tecton plans an aggressive exploration program to discover significant new uranium deposits.
Deposits will be sought by wide-spaced rotary drilling to understand geology, followed by close spaced drilling of positive geologic indicators. Expected depths to mineralization range from 200-1000 feet. Once discovered, mineralization might be developed via drifts from underground shafts in order to define reserves. Often production sold during the ore development phase is sufficient to pay for development.
Tecton's targets at Firefly are deposits containing 10 million+ lbs of U3O8 with significant V2O5 co-credits that can be mined by modern and safe, low-impact underground methods that will yield ore to be processed in a fully permitted central mill.
Ace of Spades in Canada
200 Acres. Texada Island. The occurrence area is underlain by strongly jointed porphyritic basalts of the Upper Triassic Karmutsen Formation, Vancouver Group. The basalts host a fracture-related, narrow quartz vein striking 335° and dipping 75° east. The vein ranges from 0.1-0.5m in width and is exposed over a strike length of 45m by several pits. It is crudely banded with minor carbonate and passes laterally to a rusty shear. Minor pyrite is present. The core of the vein, 7cm wide, contains disseminated sphalerite and galena which occasionally forms thin lenses. A grab sample from the core of the vein assayed 31.94 gpt gold, 77.81 gpt silver, 3.08% lead and 3.01% zinc. Longitude 49°40'51" Latitude 124°27'00"