Tectonic Gold Plc Drilling update from Specimen Hill Project

 
TIDMTTAU 
 
23 October 2020 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
                   Drilling update from Specimen Hill Project 
 
Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold System ("IRGS") 
exploration pioneer, is pleased to announce preliminary costean sampling 
results from the site preparation for the drilling program at the Specimen Hill 
Prospect in Queensland, Australia. 
 
Highlights: 
 
  * Drill rig access roads cut and drill pad preparation completed 
  * Costeans cut on drill pads to expose fresh rock at surface mineralisation 
  * Sampling has returned assays of +3.5g.t. Gold and +45g.y Silver 
 
During the past few weeks our field team in Queensland were preparing access 
tracks and drill pads for the drilling campaign. This involves earthworks, 
utilising a bulldozer to clear tracks and establish level pads at each location 
to situate the drilling rig. In clearing the pads the team utilised the 
bulldozer to cut some shallow costeans into the identified mineralisation at 
surface to expose fresh rock. Samples were taken from these mineralised 
features and assayed to provide confirmation on targeting for the drilling. The 
campaign is designed to test grade at depth below this identified and tested 
surface mineralisation. 
 
Assaying returned proven gold mineralisation in every sample and some excellent 
results including: 
 
  * Sample 30426 : 3.23g.t Au and 45.5g.t Ag 
  * Sample 30427 : 3.88g.t Au and 39.5g.t Ag 
 
Sample 30427 also returned over 2.5% Copper. 
 
All of this is as expected and consistent with previous testing of the Specimen 
Hill Intrusive Related Gold System. 
 
About the Specimen Hill Prospect: 
 
Specimen Hill has produced over 8,000ozs of gold from historic small-scale 
surface mining with grades reported up to 40g/t Au. 
 
Tectonic Gold reinterpreted historic data and identified the possibility of a 
much larger system under cover. Through the use of advanced analytics and 
pioneering a number of new technologies, Tectonic Gold mapped the structure 
hosting the known gold bearing mineralisation and demonstrated a significant 
epithermal gold prospect from surface to +500m with multiple potential porphyry 
feeder zones at depth. 
 
During the 2018/19 field campaign, Tectonic drilled 2,517m over a ten hole 
program testing the extensions of the Specimen Hill system. This campaign 
returned gold intersections in every hole with grades of up to +35g/t Au 
intersected. The current campaign is following up on the success of this 
program to increase drilling density to confirm grade continuity. This is a 
precursor to establishing a JORC compliant resource. 
 
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 Lachlan Fold Belt in Eastern Australia, a prolific gold 
region that is home to Australia's two largest gold production companies, 
Newcrest Mining and Evolution Mining. Rio Tinto, one of the largest copper 
companies in the world has recently taken a large tenement alongside Tectonic's 
Specimen Hill project. 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc 
 
"We are very pleased to be back in the field after delays due to bush fires 
last year and COVID this year. These initial assay wins from our drilling setup 
are a great way to start the campaign. Having Rio move in next door since our 
last drilling campaign has also given us a lot of encouragement that we are 
hunting for elephants in the right area. It is going to be an exciting few 
weeks and hopefully all the painstaking hours of analysis and preparation in 
follow up targeting will  deliver more of the success we enjoyed in the last 
outing." 
 
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. 
 
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 
 
Pascal Wiese - Corporate Finance 
 
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

October 23, 2020 02:00 ET (06:00 GMT)