Tectonic Gold Plc Drilling Mobilisation

 
TIDMTTAU 
 
13 August 2021 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
                             Drilling Mobilisation 
 
Tectonic Gold plc (TDIM: TTAU) the Intrusive Related Gold System ("IRGS") 
explorer, is pleased to announce that the technical team in Queensland 
mobilised earlier this week to recommence drilling at the Specimen Hill 
project. 
 
COVID restrictions have been lifted enabling contractors to move equipment back 
to Specimen Hill to extend the successful programme that was cut short earlier 
in the year due to bad weather 
 
Tectonic has conducted multiple drilling campaigns at Specimen Hill, with every 
historic drill hole intersecting gold and proving up a mineralised system 
extending over 4km in strike. Previous testing has delivered bonanza grade 
copper, gold and silver assays with notable returns where the main Andrews 
Gulley Fault is intersected by cross cutting faults. 
 
Upcoming Drilling: 
 
The current campaign will complete validation testing on three target areas 
across the system. 1,250m of drilling will be targeting the following: 
 
 1. Southern Copper (2.5% Cu assayed from outcrop sampling). Depth extension of 
    the structure below high-grade outcropping ore zone. 
 2. Goldsmith's Reef (+5.4g/t Au and +1.3% Cu). Maiden drilling of vein system 
    below historic shallow high grade workings. 
 3. Main Lodes. Following extensive expert consultation, we have completed 
    targeting of the porphyry feeder indicated to be the source of 
    mineralisation for the entire system. Drilling will be extended to 250m 
    depth. 
 
Further updates to come. 
 
Building on Previous campaign success. 
 
This drilling round will enable the Company to present a comprehensive picture 
of this large-scale system which was identified using Tectonic's proprietary 
Intrusive Related Gold System methodology and advanced remote sensing 
technologies. The result has been the identification of a major copper-gold 
system in that is largely under cover. High grade outcroppings previously mined 
on a small scale were not understood to be part of a single large-scale system 
despite numerous multi-million ounce neighbours in the prolific Queensland gold 
belt. 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc 
 
"We have now completed several drilling programs along the extensive strike of 
over 4km at Specimen Hill. Each of these has intersected gold and confirmed 
continuity of mineralisation through the system. The company recently had an 
independent review conducted to consolidate these programs into a whole of 
system overview. This is being shared with corporate development teams in large 
mining companies to support conversations on collaboration with a view to 
replicating Greatland Gold and Solgold style joint ventures. 
 
Some interesting detail on the current campaign: a specialist track-mounted rig 
is being used to enable access in some difficult terrain. This will allow 
maiden drilling below the old Goldsmith's Reef mine. The mine was last worked 
pre-World War II with records showing grades of over 40g/t Au recovered. 
Tectonic mapped old underground workings and took face samples from the mine 
earlier this year. High grade copper and gold assays were reported in June. 
These stacked vein formations typically extend well below the shallow historic 
mining and are an attractive target for modern open pit mining techniques to 
generate early cash flow for Tectonic. 
 
We look forward to re-engaging the drill bit soon with regular updates planned" 
 
Investors can sign up to Tectonic's mailing list at the following link: 
 
http://www.tectonicgold.com/contact 
 
Follow us on Twitter: @Tectonic_Gold 
 
For further information, please contact: 
 
Tectonic Gold plc                                             [phone] 
Brett Boynton 
Sam Quinn 
www.tectonicgold.com 
[e-mail] 
 
Aquis Stock Exchange Corporate Adviser and Broker 
VSA Capital Limited                                          [phone] 
Andrew Raca - Corporate Finance 
Andrew Monk - Corporate Broking 
 
 
 
END 
 
 

(END) Dow Jones Newswires

August 13, 2021 02:00 ET (06:00 GMT)