Tectonic Gold Plc Clermont Assay Results

 
TIDMTTAU 
 
20 March 2019 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
                        Clermont Project Assay resutls 
 
Tectonic Gold plc (TDIM: TTAU), an Intrusive Related Gold System ("IRGS") 
exploration pioneer, is pleased to announce assay results from rock chip 
samples at the Company's Clermont project in Queensland, Australia. 
 
Highlights: 
 
  * Samples assaying up to 8.01g/t Gold, 140g/t Silver and 6.32% Copper 
 
  * Sampling program focused on bulls eye geophysical target area and old 
    workings 
 
About the Clermont Prospect: 
 
The Clermont project is the northern most project area in the Company's 
portfolio. Previously, some twenty gold-copper prospects were worked under 
small claims and had profitable operations with ore mined grading up to 35% 
copper. 
 
Tectonic has completed geological and geochemical surveys and defined a 3km2 
area of overlapping anomalous gold, copper, antimony, manganese, phosphorous 
and barium mineralisation. This is co-incident to magnetic and gravity 
geophysical targets within the Clermont project. Assays up to 8.01g/t gold, 
140g/t silver and 6.32% copper were obtained from independent laboratory 
results of rock chip samples collected from the survey. 
 
About Tectonic Gold: 
 
Tectonic Gold is a specialist gold exploration company, focused on the 
identification and delineation of large-scale, multimillion-ounce Intrusion 
Related Gold System ("IRGS") assets. Tectonic Gold holds a number of gold 
discoveries in the New England Orogen in Eastern Australia, a prolific gold 
region that is home to Australia's two largest gold production companies, 
Newcrest Mining and Evolution Mining. 
 
At the beginning of 2019 Tectonic reached agreement with VAST Minerals Sands 
Pty Ltd ("VAST") to farm in to a 50% economic interest in VAST's diamond 
concession on the South African Government's Alexkor diamond mine. Tectonic 
plans to utilise cash flows from this project to fund further exploration and 
development of the Company's gold portfolio. 
 
All gold assets held within the Biloela, Clermont and Rockhampton Projects in 
Queensland are 100% owned and operated by Tectonic Gold. 
 
The Company's focus remains the Specimen Hill project and limited further 
compliance work is planned at Clermont over the next year. 
 
Funds will also be allocated to progressing the Mt Cassidy prospect (within the 
Rockhampton Project) during the 2019 calendar year with some diamond drilling 
currently being planned to be undertaken at the prospect under its existing 
drill for equity deal with Titeline Drilling. 7,500m of diamond drilling 
remains available on a 50% cash payment basis under this agreement. 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc 
 
"Clermont is a very large target and we are slowly maturing it for further work 
once we have completed delineation of the Biloela projects. These results are 
very encouraging and give depth to the project pipeline." 
 
Qualified Person: 
 
Mr Jonathan Robbeson - BSc (Hons1), MEconGeol, MMinEng, (CP Geo) is a full time 
employee of the Company's wholly owned subsidiary, Signature Gold Limited, and 
is a registered Chartered Professional (Geology) with the Australian Institute 
of Mining and Metallurgy (AusIMM - 304542). Mr Robbeson has sufficient 
experience that is relevant to the style of mineralisation and type of deposit 
under consideration and the activity being undertaken to qualify as a Competent 
Person as defined in the Note for Mining Oil & Gas Companies, June 2009, of the 
London Stock Exchange and the 2012 Edition of the 'Australian Code for 
Reporting of Exploration Results, Mineral Resources and Ore Reserves' (JORC 
Code). 
 
Mr Robbeson consents to the inclusion in the release of the matters based on 
his information in the form and context in which it appears. 
 
Table 1 information required for the reporting of Exploration Results, Mineral 
Resources and Ore Reserves' in accordance with the guidelines of the 'JORC 
Code' can be found on the Company's website for the Clermont Project. 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
For further information, please contact: 
 
Tectonic Gold plc                                              [phone] 
Brett Boynton 
Sam Quinn 
www.tectonicgold.com. 
@tectonic_gold 
 
NEX Exchange Corporate Adviser and Broker 
Peterhouse Capital Limited                                    [phone] 
Mark Anwyl 
 
Financial Adviser and Broker 
VSA Capital Limited                                           [phone] 
Andrew Raca - Corporate Finance 
Andrew Monk - Corporate Broking 
 
                                     Ends 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 
 
 
 
END 
 

(END) Dow Jones Newswires

March 20, 2019 03:00 ET (07:00 GMT)