Tectonic Gold Plc Remobilisation drilling update

 
TIDMTTAU 
 
6 October 2021 
 
                               TECTONIC GOLD PLC 
                      ("Tectonic Gold" or the "Company") 
 
                        Remobilisation drilling update 
 
Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold System ("IRGS") 
explorer, has remobilised the technical team for a ten-day follow-up campaign 
up with diamond drilling at Specimen Hill, in Queensland, Australia. 
 
Highlights: 
 
  * 250m deep step-back hole along strike from the September 2021 discovery 
    confirmation hole at the Southern Copper currently being drilled 
  * 300m diamond core at Goldsmith's Reef planned, to intersect bullseye 
    geophysical target below high-grade workings following two successful holes 
    in September 2021 
  * Drill programme extended to deeper drilling to test for selective high 
    grade or large-scale bulk underground mining targets to complement existing 
    near surface mineralisation with open pit copper-gold potential 
  * Southern Copper discovery confirmation again proving the efficiency of 
    Tectonic's Australian Federal Government supported research into IRGS 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc 
 
"Testing at Specimen Hill has proven up a series of discoveries strung together 
with mineralisation identified at surface, verified by drilling as continuing 
at depth. The open pit potential from surface and near surface ores to generate 
early cash flows can provide the means to internally fund underground 
development for long life, deeper, bulk mines. This multiple open pit and 
underground mine combination, feeding a single ore processing plant, is very 
appealing to major mining companies. It is what we see at Newcrest's flagship 
Cadia copper-gold complex to the south and is typical of what other gold and 
copper international majors look for." 
 
Background to Deeper Drilling at Southern Copper Project 
 
The 4km+ long mineralised belt running from Main Lodes to Southern Copper has 
produced a series of copper-gold discoveries for Tectonic. These have been 
verified and the belt again extended in recent drilling. With the early success 
of the September 2021 campaign, the company has decided to immediately 
remobilise with a diamond rig to drill a deeper hole along strike at the 
Southern Copper discovery and core below the high-grade workings at Goldsmith's 
Reef. A bullseye geophysical target has been identified here as a potential 
feeder to the high-grade gold intersected at and near surface. 
 
The Specimen Hill project suite has delivered numerous discoveries, proving the 
efficiency of Tectonic's Australian Federal Government supported research into 
Intrusive Related Gold Systems and how to utilise digital technologies to 
identify and delineate targets.  These large-scale multi-target systems are 
often beyond the means of junior exploration companies to tackle, but Tectonic 
has pioneered and utilised advanced remote sensing technologies and innovative 
methodologies to cost effectively progress these exploration assets. This has 
been augmented with highly targeted drilling over the last three years, that 
has significantly extended the verified mineralisation at and near surface 
within this large-scale copper-gold system. Tectonic is now extending to deeper 
drilling to test for selective high grade or large-scale bulk underground 
mining prospects to enhance the package as we seek development partners. 
 
About Specimen Hill: 
 
Specimen Hill has produced over 8,000ozs of gold from historic small-scale 
surface mining dating back to pre-World War I, with grades reported up to 40g/t 
Au. 
 
Tectonic Gold has identified a large Intrusive Related Gold System (IRGS) 
manifesting as a 4km+ long mineralised corridor at Specimen Hill and has 
identified the possibility of a much larger system under cover. Gold, copper 
and silver mineralisation within the known 4km+ corridor manifests itself at 
and near surface as a polymetallic, high-sulphidation (HS) system that has been 
enriched by late-stage intermediate-low sulphidation (IS-LS) gold 
mineralisation. At depth, Tectonic is targeting a gold-copper porphyry 
co-incident with a high-temperature magnetite rich core (identified at Specimen 
Hill and Southern Copper Targets which are associated with high copper and gold 
grades). 
 
Sampling by Tectonic over the surrounding area of 18 km2 have returned grades 
with consistently elevated Gold, Copper and Silver. 
 
During the 2019 drilling campaign, Tectonic completed 2,517m over a ten-hole 
diamond program testing the extensions of the Specimen Hill system. This 
campaign returned gold intersections in every hole with grades of up to +35g/t 
Au intersected. The follow up 2020 and 2021 programs intersected gold 
mineralisation of up to 16g/t gold at depths to over 100m. It was identified 
that copper grades also increased with depth. To date over 8,000m has been 
drilled at Specimen Hill confirming multiple discoveries. This is a precursor 
to establishing a JORC compliant resource. 
 
A summary of the key areas of interest within the Specimen Hill suite is below: 
 
Prospect Name      Surface Mapping        Surface Sampling             Drilling 
 
Specimen Hill      Yes - Alteration    Yes, grades up 3 g/t Au Yes, grades up to 3 g/t 
North             and Mineralisation                                 Au at depth 
 
Specimen Hill      Yes - Alteration    Yes, grades up 4 g/t Au Yes, grades up to 7 g/t 
Southeast         and Mineralisation                                 Au at depth 
 
The Wedge          Yes - Alteration    Yes, grades up 3 g/t Au Yes, grades up to 11 g/t 
                  and Mineralisation                                 Au at depth 
 
Cameron's          Yes - Alteration    Yes, grades up 9 g/t Au Yes, grades up to 16 g/t 
Lookout /         and Mineralisation                                 Au at depth 
Andrews Gully 
 
Main Lodes         Yes - Alteration    Yes, grades up 8 g/t Au Yes, grades up to 35 g/t 
                  and Mineralisation                                 Au at depth 
                                                                Porphyry retested and 
                                                                       confimed 
 
Goldsmith's        Yes - Alteration     Yes, and underground        Mineralisation 
Reef              and Mineralisation   workings face samples > intersected - returning 
                                               5g/t Au             to drill diamond 
 
Southern Copper    Yes - Alteration    Yes, grades up 8 g/t Au Drilled and returned 2 x 
                  and Mineralisation         and 16% Cu           20-30m mineralized 
                                                                  intersections with 
                                                                    native copper 
                                                               Immediate follow up hole 
                                                                      under way 
 
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. 
 
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 
 
 
Financial Adviser, Corporate Adviser and Broker 
 
VSA Capital Limited 
       +44 20 3005 5000 
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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