Tectonic Gold Plc Drilling Update Initial Assays

 
TIDMTTAU 
 
19 November 2021 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
                        DRILLING UPDATE INITIAL ASSAYS 
 
Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold System ("IRGS") 
explorer, is pleased to announce completion of the Specimen Hill drilling 
campaign and initial results from Goldsmith's Reef. 
 
Goldsmith's Reef was last mined in around 1920 and returned high grades. It is 
approximately 700m along strike, west of Main Lodes. Drilling was planned to 
demonstrate continuity of mineralisation from Main Lodes to Goldsmith's Reef, 
proving the scale potential of the Specimen Hill system and also to test grade 
below the historic workings. Shallow underground mining at Goldsmiths worked 
three parallel veins running 3m to 6m in width within a 30m wide mineralised 
corridor, making this an attractive open pit opportunity. 
 
Highlights: 
 
  * Drilling intersected vein sets at 44m and 127m depth returning grades of 3m 
    at 2.14g/t gold and 3m at 4.4g/t gold respectively, including 1m at 5.76g/t 
    gold 
  * The final hole planned to test an apparent feeder zone at 250m was 
    suspended at circa 120m when we had to demobilise due to weather, but the 
    hole has been cased and capped and will be completed as soon as we 
    remobilise 
  * Sample chip trays have been couriered to Sydney for head office team to 
    conduct further analysis with independent experts 
  * In discussion with multiple copper and gold mining companies on potential 
    partnership at Specimen Hill 
  * More assays to follow over the next few weeks 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc 
 
"This is a very important result as we present Specimen Hill for partnership 
discussions. Previous drilling from 2018 onwards has proven mineralisation in 
disparate zones within the system, but this round now begins to stitch it all 
together in a much, much larger potential resource. 
 
Border restrictions prevented the Sydney team from joining the field program 
this time, so we have had the sample trays couriered down to head office and 
will begin to analyse these next week. We are particularly interested in the 
native copper reported in the field logs at Southern Copper. We are seeing a 
textbook metal zonation with gold dominant in the east around Main Lodes and to 
Goldsmith's Reef, then copper emerging and dominating as we move west. The 
system as a whole is presenting somewhat like a herring bone with smaller cross 
cutting faults along the major fault line and at these intersections sites like 
Goldsmith's, with better geological plumbing delivering greater mineralisation. 
 
Every time we get into the field at Specimen Hill we extend the system and 
there is certainly plenty more to do, but we have generated a lot of 
information with this campaign and hope to progress quickly to a partnership so 
we can accelerate the program rapidly in the new year." 
 
Qualified Persons: 
 
Mr Jonathan Robbeson - BSc (Hons1), MEconGeol, MMinEng, (CP Geo) is a full-time 
employee 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 for this RNS is located on the Tectonic Gold plc website. 
 
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 
 
 
Financial Adviser, Corporate 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

November 19, 2021 02:00 ET (07:00 GMT)