Tectonic Gold Plc Queensland Copper Gold Campaign Update
September 20 2022 - 2:00AM
UK Regulatory
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 +61 2 9241 7665
Brett Boynton
Sam Quinn
www.tectonicgold.com
investors@tectonicgold.com
Aquis Stock Exchange Corporate Adviser and
Broker +44 20 3005 5004
VSA Capital Limited
Andrew Raca, Pascal Wiese - Corporate
Finance
Andrew Monk - Corporate Broking
END
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