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Tectonic Gold Plc Additional Assay Results for Specimen Hill

14/01/2019 8:23am

UK Regulatory (RNS & others)


 
TIDMTTAU 
 
14 January 2019 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
            ADDITIONAL ASSAYS FROM Drilling at Specimen Hill Project 
 
Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold System ("IRGS") 
exploration pioneer, is pleased to announce further assays and analysis from 
the October 2018 diamond drilling campaign at the Company's flagship Specimen 
Hill project in Queensland, Australia. 
 
Highlights: 
 
  * 75% of assays returned, final assay results are expected before the end of 
    January 2019 
 
  * Gold grades up to 35.2g/t Au obtained at 90m depth, below previous drilling 
    in SHDD11 
 
  * Silver grades up to 37g/t Ag; Tellurium grades up to 15 g/t; and Copper 
    grades up to 1.45% 
 
Assaying by ALS in their Townsville laboratory has almost completed. With the 
gold price near record highs in Australian Dollar terms, there has been a 
significant increase in demand for assay work and this has resulted in some 
delays, however we expect the final results to be in by month end and assessed 
by the team shortly thereafter. 
 
Following positive early results from the first batch of testing we are very 
pleased to see some exceptional gold grades in excess of an ounce per tonne in 
the epithermal zone below previously tested and confirmed mineralisation at the 
main lodes prospect. 
 
Typical of high sulphidation epithermal deposits, we have also confirmed high 
grades of silver, tellurium and other signature IRGS elements. 
 
As previously advised, detailed information will be released after the full set 
of results has been verified, collated and modelled. This is anticipated 
shortly after month end. 
 
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 extensions to the 
system under cover. Utilising digitisation and big data analytics, new 
geophysics technologies and advanced testing such as Laser Ablation Inductively 
Coupled Mass Spectrometry (LA-ICP-MS) Tectonic Gold unlocked this system. The 
Company significantly extended the structure hosting the known gold bearing 
mineralisation and demonstrated a vertically extensive epithermal gold prospect 
from surface to +500m with multiple potential porphyry feeder zones at depth. 
 
Historic drilling of 63 shallow holes delivered grades up to 15g/t within a 
300m strike. The current drilling campaign visually confirms the strike 
extension mapped by our recent geophysical surveying to over 1,500m and at 
330m+. 
 
A buried intrusive interpreted to be a mineralising source for the epithermal 
deposit has been intersected in deeper drilling, confirming the targeting by 
DIAS 3D IP surveying technology the company brought to Australia from Canada in 
April 2018 (further assays pending). 
 
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. 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold plc 
 
"Following up the early positive results with high grades returned in gold, 
silver and tellurium is very encouraging. Australian gold prices were recently 
at over A$1,800, testing new highs, making it an ideal time to be active and 
reporting. This is a great start to 2019 for us and we are looking forward to 
receiving the balance of the assays." 
 
We have shared a selection of core photos 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 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                                             +61 2 9241 7665 
Brett Boynton 
Sam Quinn 
www.tectonicgold.com. 
@tectonic_gold 
 
NEX Exchange Corporate Adviser and 
Broker                                                       +44 20 7469 0930 
Peterhouse Capital Limited 
Mark Anwyl 
 
Financial Adviser and Broker                                 +44 20 3005 5004 
VSA Capital Limited 
Andrew Raca 
 
                                     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

January 14, 2019 03:23 ET (08:23 GMT)

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