Tectonic Gold Plc Exploration update from Specimen Hill

 
TIDMTTAU 
 
12 February 2021 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
                     Exploration update from Specimen Hill 
 
Tectonic Gold plc (TDIM: TTAU), an Intrusive Related Gold System ("IRGS") 
explorer, is pleased to announce additional successful assay results reporting 
gold and copper in Hole 27 at Specimen Hill. 
 
Specimen Hill Highlights: 
 
  * Hole 27 intersected multiple stacked veins containing gold 
  * Included is a 2m intersection at 50m depth with +2g/t gold and 0.4% copper 
  * Targeting remains continues to be 100% successful 
  * 1085 Samples sent for XRF screening have been processed 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc 
 
"The results from Hole 27 show multiple stacked veins somewhat like a palm tree 
spraying out mineralised fronds from the primary fault zone. These fronds range 
in thickness up to over 2m with grades over 2g/t gold and an attractive copper 
compliment. 
 
Stacked veins of this nature are a very attractive open-pit mining target. Bulk 
mining this is cost effective and is the approach taken at Cadia, Newcrest's 
flagship mine to our south. Cadia mines relatively low gold grades at only 1g/t 
gold, but due to scale and copper credits is one of the lowest cost per ounce 
gold mines. . We see all the signs at Specimen Hill so far of scale and grade 
to support this type of mine. 
 
It is worth revisiting the aerial view schematic of Specimen Hill we published 
to the website earlier in the year showing the scale of the project over a +4km 
strike. 
 
  * http://www.tectonicgold.com/site/PDF/8effb993-6049-4f39-8a0c-146055ef6767/ 
    20210112SpecimenHill4kmStrike 
 
We are working methodically through the corridor from the Main Lodes to 
Southern Copper, with the drilling, proving up that the gold mapped at surface 
has continuity in mineralisation intersected by drilling at depth. We liken 
this to a mineralised curtain hanging in the fault zone that we have mapped at 
surface. It pinches and swells and geological activity has distorted it and in 
some areas torn it, but what we are seeing so far is a reasonable continuity of 
the ore zone from surface to at least 100m in depth along this strike. 
Geophysical mapping shows the structure at Specimen Hill continues well below 
500m. If there is continuity of mineralisation in the structure to that depth 
then we will have a Cadia style opportunity with open pit and underground 
mining at scale. 
 
For ease of reference we have included in this RNS the detailed drilling 
results with the addition of Hole 27 below. " 
 
Exploration Update: 
 
Recent and ongoing field activities have confirmed that the Main Lodes, 
Cameron's Lookout, Andrew's Gully and Southern Copper prospects are all part of 
a +4km long laterally contiguous and vertically persistent (+500m) gold rich 
system that is contained within a 250m wide corridor. 
 
   Planned Holes    Planned Metres    Holes Drilled       Meters Drilled 
 
     13 Holes           2,000m           11 Holes              1,430 
 
Rock chip sampling from surface exposures have returned assays up to 16g/t Au 
and these gold grades have been replicated at depth by the 2020 drilling 
campaign. 
 
                                Significant intercepts 
 
  Hole ID       Easting          Northing          RL        AZI       Dip      Total 
               MGA94 z56         MGA94 z56       (AHD)      (MAG)             Depth (m) 
 
  SHRC17        270,816          7,321,726        547        055       -66       104 
 
              * 7m @ 3.01g/t Au; 2.33 g/t Ag and 0.14% Cu from 96m 
              * Incl. 1m @ 16.30g/t Au; 8.31 g/t Ag and 0.34% Cu from 98m, and 
              * 3m @ 6.95 g/t Au; 5.09 g/t Ag and 0.32% Cu from 98m. 
 
  SHRC20        270,999          7,321,843        552        214       -70       150 
 
              * 9m @ 0.84 g/t Au; 0.62g/t Ag and 0.19% Cu from 18m 
              * Incl. 1m @ 2.37g/t Au from 18m, and 
              * 1m @ 0.85 g/t Au; 2.58 g/t Ag and 1.56% Cu from 23m. 
 
  SHRC22        271,950          7,321,675        582        144       -70       200 
 
              * 1m @ 1.23g/t Au; 15.85 g/t Ag and 1.77% Cu from 136m 
 
  SHRC24        270,563         7,321,441        560        105        -65       104 
 
              * 2m @ 3.69 g/t Au, from 79m. 
 
  SHRC27        271,024          7,321,934        552        190       -70       100 
 
              * 2m @ 2.09 g/t Au and 0.39% Cu from 50m 
 
 
Follow up works Specimen Hill: 
 
Following the successful 2020 drilling program, Tectonic is planning a further 
4,000m of infill drilling at Specimen Hill to confirm both geological and grade 
continuity within the identified mineralised corridor. This will provide news 
flow and a lot of data to share with prospective development partners. 
 
About the Specimen Hill Prospect: 
 
Specimen Hill is located in a recognised gold producing region of the New 
England Orogen. Tectonic has been systematically exploring the Specimen Hill 
area since it acquired the tenements in 2010, culminating in the definition of 
a significant mineralised corridor. 
 
Specimen Hill has produced over 8,000ozs of gold from historic small-scale 
surface mining with grades reported up to 40g/t Au. 
 
Geophysical analysis and subsequent drill testing of geophysical IP and 
coincident magnetic anomalies in 2018 led Tectonic to the discovery of a 
significant mineralised corridor. 
 
Gold, copper and silver mineralisation within the known 4km corridor manifests 
itself 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 seeing that this is 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). 
 
Rock chip samples from surface skarn outcrops mapped so far over the area of 
18 km2 have returned grades of consistently elevated Au, Ag and Cu. Recent and 
ongoing field activities have confirmed that the Main Lodes, Cameron's Lookout, 
Andrew's Gully and Southern Copper prospects are all part of a 4km long 
laterally contiguous and vertically persistent (+500m) gold rich system that is 
contained within a 250m wide corridor. 
 
For comparison the Newcrest owned Cadia East copper-gold deposit in NSW has a 
mineralised zone 2.5 km in length, 600m in width and over 1,900 m in vertical 
extent. 
 
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 Systems ("IRGS"). 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. Rio Tinto, one of the largest copper companies in the world 
has recently taken a large tenement alongside Tectonic's Specimen Hill project 
 
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 
 
Financial Adviser, Corporate Adviser                         +44 20 3005 5000 
and Broker 
VSA Capital Limited 
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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