Tectonic Gold Plc Clermont Assay Results
March 20 2019 - 3:00AM
UK Regulatory
TIDMTTAU
20 March 2019
TECTONIC GOLD PLC
("Tectonic Gold" or the "Company")
Clermont Project Assay resutls
Tectonic Gold plc (TDIM: TTAU), an Intrusive Related Gold System ("IRGS")
exploration pioneer, is pleased to announce assay results from rock chip
samples at the Company's Clermont project in Queensland, Australia.
Highlights:
* Samples assaying up to 8.01g/t Gold, 140g/t Silver and 6.32% Copper
* Sampling program focused on bulls eye geophysical target area and old
workings
About the Clermont Prospect:
The Clermont project is the northern most project area in the Company's
portfolio. Previously, some twenty gold-copper prospects were worked under
small claims and had profitable operations with ore mined grading up to 35%
copper.
Tectonic has completed geological and geochemical surveys and defined a 3km2
area of overlapping anomalous gold, copper, antimony, manganese, phosphorous
and barium mineralisation. This is co-incident to magnetic and gravity
geophysical targets within the Clermont project. Assays up to 8.01g/t gold,
140g/t silver and 6.32% copper were obtained from independent laboratory
results of rock chip samples collected from the survey.
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 held within the Biloela, Clermont and Rockhampton Projects in
Queensland are 100% owned and operated by Tectonic Gold.
The Company's focus remains the Specimen Hill project and limited further
compliance work is planned at Clermont over the next year.
Funds will also be allocated to progressing the Mt Cassidy prospect (within the
Rockhampton Project) 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
"Clermont is a very large target and we are slowly maturing it for further work
once we have completed delineation of the Biloela projects. These results are
very encouraging and give depth to the project pipeline."
Qualified Person:
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 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 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 Clermont Project.
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
Peterhouse Capital Limited +44 20 7469 0930
Mark Anwyl
Financial Adviser and Broker
VSA Capital Limited +44 20 3005 5004
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
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