Tectonic Gold Plc Drilling update from Specimen Hill Project

 
TIDMTTAU 
 
19 November 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 completion of the first hole in the 
drilling program at the Specimen Hill Prospect in Queensland, Australia. 
 
Highlights: 
 
  * First hole (SHRC17) completed for 103 meters 
  * Visual gold bearing mineralisation intersected from surface (assays 
    pending) 
  * Gold bearing porphyry mineralisation also intersected within the intrusives 
    at depth as targeted 
  * Second hole underway with rig stepped back and pivoted 180deg to test true 
    width of mineralisation at depth 
 
After some rain delays at the start of the month, the Tectonic Gold field team 
was able to mobilise equipment on site last week. After proper induction and 
safety procedures they were able to set up the drilling rig on the first pad 
over the weekend. The first hole in the campaign was completed on 17 November. 
SHRC17 was targeting a continuation of tested and proven surface mineralisation 
at depth and has been an immediate technical success intersecting gold bearing 
sulphides down to over 100m. 
 
The drilling campaign at Specimen Hill is starting with follow-up testing of 
the 3km long Andrews Gulley shear zone which returned high grades of gold, 
copper, silver and tellurium in previous drilling. Andrews Gulley intersects 
the Specimen Hill fault that has likewise returned high grades of gold and 
copper. Drilling will continue from Andrews Gulley over into the Specimen Hill 
fault in the second stage of the campaign. Mineralisation at specimen hill has 
been mapped for an addition 1km+ of strike, confirming the significant scale of 
the system. 
 
A selection of the sample material has been sent to the laboratories for a 
rapid turnaround broad chemical suite assay. This will provide copper and gold 
grades as well as a host of information to assist with targeting the remainder 
of the campaign. 
 
Surface assaying last month returned proven high grade gold, copper and silver 
mineralisation at Andrews Gulley: 
 
  * 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 historically 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 Gold 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 
Gold's Specimen Hill project. 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc 
 
"This is a great start to the campaign. Intersecting mineralisation as expected 
on this first hole maintains our 100% success record in drill targeting. This 
again validates all of the continuous efforts over the years in research and 
development on Intrusive Related Gold System exploration. This is going to be 
an exciting few weeks." 
 
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 
 
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, 2020 02:00 ET (07:00 GMT)