Tectonic Gold Plc Queensland Copper Gold Campaign Update

 
TIDMTTAU 
 
20 September 2022 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
                    QUEENSLAND COPPER GOLD CAMPAIGN UPDATE 
 
Tectonic Gold plc (TDIM: TTAU) the Intrusive Related Gold System ("IRGS") 
explorer, is pleased to announce additional assay results and remobilisation of 
the exploration team to the Specimen Hill project to prepare for drilling. 
 
Highlights: 
 
 1. 72.7g/t Au and 1.14% Cu returned from surface sampling north of Goldsmith's 
    Reef. 
 2. SHDD34, the last hole drilled at Goldsmiths Reef intersected, a mineralised 
    interval of 8.17g/t Au over 1m (2m @ 4.36g/t Au) from 110m below 
    Goldsmith's Reef workings but well above the intended target zone. 
 3. Access roads and drill pad preparation completed 
 4. Drilling rig booked for second week of October to complete program 
 
Further updates to come. 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc 
 
"We have been waiting and watching the rainfall in Queensland for most of the 
year, so these early results after remobilising back to site are a fantastic 
boost for our team. We were not expecting to intersect veins until the target 
zone and the grade from the surface sampling is very encouraging. The Specimen 
Hill project area delivers something exciting every time we are on site. Now we 
are looking forward to getting back and completing the drilling we planned last 
year." 
 
Queensland copper/gold campaign update. 
 
Numerous severe electrical storms earlier in the year forced Tectonic to 
rapidly demobilise and temporarily abandon the diamond drilling below 
Goldsmith's Reef. This hole is targeting the continuance of high-grade veins 
below the historic Goldsmith's mine.  The old mine followed a number parallel 
veins (2m to 6m wide) down to about 25m with historic production reports 
showing grades to 40g/t Au. 
 
Tectonic used remote geophysical mapping to identify the extension of these 
structures and planned a 350m diamond hole to test the grade at depth. After 
drilling 200m we were forced to temporarily halt operations earlier in the 
year. Subsequent weather events have hampered access to our intended drill 
locations since.  Preparations to continue have been completed with access for 
heavy equipment back to the drill site repaired and the drill pads 
re-established. A rig has been booked for early October to complete the hole. 
 
Mining at Goldsmith's ceased due to the conscription of all able bodied men in 
World War II. The project had not been revisited until Tectonic consolidated 
the ground in the area and began exploration. Face samples taken by Tectonic 
from the old underground mine returned assays of +5.4g/t Au and +1.3% Cu which 
were reported in June 2021. In June 2022 additional surface samples were taken 
north of the old workings and returned exceptional grades up to 72.7g/t Au and 
1.14% Cu. 
 
Tectonic recovered the core from SHDD34 that was not previously assayed. 10m of 
the hole showed mineralisation which we have interpreted as a small vein distal 
to the main target area we have at 300m downhole. None the less, this sample 
returned very encouraging grades with 2m @ 4.36g/t Au and 8.17g/t Au over 1m 
from 110m with additional silver and copper. We are looking for additional 
veins that consolidate at depth and prove both grade and geological continuity 
that match the  5g/t+ Au that we see near surface in the old Goldsmiths Reef 
mine. 
 
The graphic below (Image 1) shows the original drill plan for SHDD34 below 
Goldsmiths and the intersection at 200m. The following graphic (Image 2) shows 
the revised plan with a second, deeper, target identified below 350m. 
 
**Image 1** 
 
**Image 2** 
 
For reference, the geological map of the target area below (Image 3), with 
Goldsmith's Reef at the centre, shows the Northeast-Southwest mineralised belt 
that we are focused on. It includes Main Loades at the northern end and runs 
directly through Goldsmith's Reef. This is a 4km long strike open at both ends 
with multiple confirmed high grade Intrusive Related Gold System discoveries 
also carrying significant copper grades. 
 
**Image 3** 
 
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. 
 
Please find a link here to the PDF version of the announcement which includes 
Images 1,2 and 3: 
https://mma.prnewswire.com/media/1900834/2022_09_20_Drilling_Update_Revised.pdf 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
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                                                         [phone] 
VSA Capital Limited 
Andrew Raca, Pascal Wiese - Corporate 
Finance 
Andrew Monk - Corporate Broking 
 
 
 
 
END 
 
 

(END) Dow Jones Newswires

September 20, 2022 02:00 ET (06:00 GMT)