Tectonic Gold Plc Mount Cassidy IRGS Research Results

 
TIDMTTAU 
 
22 February 2019 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
           Mount Cassidy IRGS confirmed with CODES Research program 
 
Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold System ("IRGS") 
exploration pioneer, is pleased to announce that the collaborative research 
project run in consultation with the Centre of Ore Deposit Excellence Studies 
"CODES" on its Mount Cassidy Prospect has been published and reviewed. The 
study confirmed the IRGS nature of the magmatic hydrothermal system which is 
the source of the gold discovery at Mount Cassidy. 
 
Highlights: 
 
  * Successful research result under to the Company's Australian Federal 
    Government supported IRGS research and development program 
 
  * Shear system at Mount Cassidy hosting dilational gold enrichment 
 
  * + 30g/t gold grades confirmed from rock chip samples 
 
  * Follow up deep penetrating geophysical mapping planned to provide final 
    drill targeting on the system 
 
The year-long research study has confirmed the existence of a complex 
interaction of two styles of mineralisation at Mount Cassidy: 
 
1. Pre-deformation;  stratabound VHMS Copper and Zinc,  Gold, Silver 
mineralisation 
 
2. Post Deformational; Epizonal to Epithermal IRGS Gold, Silver mineralisation 
 
The successful collaborative research study between CODES and Tectonic Gold has 
confirmed a magmatic hydrothermal system at Mount Cassidy that has been 
overprinted by a large scale riedel shear system. There is dilational gold 
enrichment in structures with gold grades of over 30g/t assayed. 
 
The success of the targeting study validates Tectonic Gold's ongoing research 
program into utilising new technologies to identify and delineate Intrusive 
Related Gold Systems. A deep penetrating 3DIP survey utilising the same 
Canadian DIAS 3DIP technology that successfully identified targets for drilling 
at the Company's Specimen Hill project is being planned for final drill 
targeting with drill testing to follow. 
 
About the Mount Cassidy Prospect: 
 
The Mount Cassidy prospect is located near Tectonic Gold's flagship Specimen 
Hill project, approximately 50km NW of the regional centre of Rockhampton, 
Queensland Australia. 
 
A large ovoid 4km2 magmatic hydrothermal IRGS system, confirmed from mineral 
chemistry and geophysical research, has been further assessed through a 
collaborative research project between CODES and Tectonic Gold. 
 
Gold bearing veins emanating within this porphyry system have been historically 
mined with grades of 15g/t Au recorded from selective mining. 
 
Geological mapping of the hydrothermal system at Mount Cassidy has confirmed 
classic porphyry style potassic and phyllic alteration over a large area that 
has been overprinted by gold bearing fluids emanating from a regional 
reidel-style shear system that cross-cuts the prospect. 
 
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, namely the Biloela, Clermont and Mount Cassidy Projects in 
Queensland are 100% owned and operated by Tectonic Gold. 
 
Funds will be allocated to progressing the Mt Cassidy prospect 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 
 
"Mount Cassidy is proving up to be a very promising follow on project to 
Specimen Hill. We are fortunate to have two high quality assets in the 
portfolio and working across both of them has enabled us to make some key 
technical breakthroughs. 
 
The next steps at Mount Cassidy are to repeat the process that has given us 
success at Specimen Hill and drill some additional holes later in the year. 
 
Subject to the cash flows from our diamond partnership, we plan to test some 
key areas with drilling in the second half." 
 
We have shared a selection of images on the website at www.tectonicgold.com and 
on Twitter @tectonic_gold. 
 
Qualified Persons: 
 
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 James Yaxley - BSc, is a full time employee of Signature Gold Limited and is 
a member of the member of the Australian Institute of Geoscientists (AIG) and 
the International Association of Hydrogeologists (IAH). Mr Yaxley has 
sufficient relevant professional experience in mineralisation and deposit 
styles within the Company's tenure. Mr Yaxley qualifies 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 and Mr Yaxley consent to the inclusion in the release of the 
matters based on their 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 Mount Cassidy Prospect. 
 
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

February 22, 2019 02:00 ET (07:00 GMT)