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DJ Tectonic Gold Plc Final Assay Analysis for Specimen Hill

 
TIDMTTAU 
 
11 February 2019 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
                  Drilling and Assays - Specimen Hill Project 
 
Tectonic Gold plc (TDIM: TTAU), an Intrusive Related Gold ("IRGS") exploration 
pioneer, is pleased to announce that nearly all assays from the 
October-November 2018 diamond drilling campaign at the Company's flagship 
Specimen Hill project in Queensland, Australia have been received. 
 
Highlights: 
 
  * The 'Stage 1' drill program for 2,517.3m of HQ3 diamond drilling was 
    completed as planned 
  * 95% of all assays sent for analysis have been returned 
  * Gold mineralisation was intersected in all holes drilled 
  * Geological review of core confirms an IRGS diatreme system comparable to 
    neighbouring multi million ounce gold deposits at Kidston (3.7Moz Au), Mt 
    Rawdon (3.5Moz Au) and Mt. Leyshon (2Moz Au) 
  * Grades of up to +35g/t Au intersected with high Ag, Mo and Te assays 
  * The mineralised system is confirmed open at depth and along strike 
  * Geological modelling of results to be presented in March 2019 
  * Follow up 7,500m 'Stage 2' drilling program being planned 
 
The reporting of assay results is largely complete and the technical team has 
progressed its assessment and incorporation of these results into geological 
models and targeting for follow up drilling. A further 7,500m remains to be 
drilled with Titeline Drilling Ltd under the drill for equity agreement. 
 
Positive assay results including exceptional gold grades in excess of an ounce 
per tonne have been recorded. These intersections are from the epithermal zone, 
below and adjacent to previously tested and confirmed mineralisation at the 
Main Lodes. 
 
Typical of high to intermediate sulphidation epithermal deposits, high grades 
of molybdenum, silver, tellurium and other "signature" IRGS elements were 
returned. 
 
    Specimen Hill Phase 1 Diamond Drilling Program - Significant 
             Intercepts > 1.0g/t Au * Rounding in effect 
 
Hole Name From (m)  To (m)  Interval  Gold (g/  Silver (g  Tellurium 
                               (m)       t)        /t)       (g/t) 
 
 SHDD09     14.0     14.8      0.8      1.23     151.00     153.50 
  (HQ3) 
 
 SHDD11     6.3      7.2       0.9      2.15      0.31       9.79 
  (HQ3) 
            59.0     60.0      1.0      1.64      0.30       6.37 
 
            80.2     81.2      1.0      8.25      1.37       19.95 
 
            90.4     91.0      1.6      5.79      20.76      3.27 
 
          Including 0.25m @ 35.2g/t Au; 37.2 g/t Ag and 15.15 g/t Te 
                                  from 90.4m 
 
           118.0    119.0      1.0      1.35      5.54       5.76 
 
The geological, structural and assay results from the Stage 1 drilling program 
at Specimen Hill have proved Tectonic Golds' research suggesting that the 
multi-phase IRGS systems can be accurately targeted with the integrated use 
advanced geophysics such as Sub-Audio Magnetics ("SAM") and DIAS - 3D IP 
technologies, far more cost effectively than traditional exploration 
techniques. 
 
About the Specimen Hill Prospect: 
 
Specimen Hill has produced over 8,000 ozs of gold from historic small-scale 
surface and shallow underground mining, with run of mine grades reported up to 
40g/t Au. Despite this rich production, previous explorers were unable to map 
the system under cover and establish a large-scale resource, so the project 
remained undeveloped. 
 
Tectonic Gold reinterpreted historic data utilising proprietary IRGS 
understanding and identified extensions to the mineralised system under cover. 
Using advanced software, big-data analytics, new geophysical technologies and 
innovative testing methodologies, such as Laser Ablation Inductively Coupled 
Mass Spectrometry (LA-ICP-MS), Tectonic Gold has unlocked this mineralised 
system. The Company has significantly extended the known structure hosting gold 
bearing mineralisation and demonstrated a vertically extensive epithermal gold 
prospect from surface to +500m, with multiple potential porphyry feeder zones 
at depth. 
 
Intrusive gold system style alteration and sulphide zones have been intersected 
in the current drilling campaign proving the similarity to neighbouring 
multi-million ounce deposits. 
 
Historic drilling of 63 shallow holes delivered grades to 15g/t within a 300m 
strike. The current drilling campaign confirms the strike extension mapped by 
our recent geophysical surveying, to over 1,500m. 
 
A buried intrusive interpreted to be part of the mineralising source for the 
epithermal deposit has been intersected in deeper drilling, confirming the 
targeting by DIAS 3D IP surveying technology the Company employed in April 
2018. 
 
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 
 
"The Stage 1 drilling at Specimen Hill has provided us with a technical win on 
the research front and high grades in all key IRGS elements including gold, 
molybdenum, silver, and tellurium 
 
The system identified at the Main Lodes is large, has returned high-grade 
intersections and remains open at depth and along strike. 
 
We have a final few assays still to be processed that are indefinitely delayed 
due to the regional flooding in Townsville where our samples are being stored, 
but we have sufficient information from the program to plan the next campaign. 
A follow up 7,500m drill program, utilising our drill for equity credit with 
partner Titeline Drilling, targeting further extensions to the epithermal zone, 
is currently under review by our technical team and external advisors. 
 
Australian gold prices are currently over A$1,800 per ounce, testing all time 
highs, making it an ideal time to be active and exploring for gold. 
 
We have shared a selection of core photos on the website at 
www.tectonicgold.com and on Twitter @tectonic_gold. 
 
Finally, our thoughts are with our subcontractors and the folks up in 
Townsville affected by the cyclone flooding over the last week. 
 
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 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 website for the Specimen Hill Prospect. 
 
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                           +44 20 7469 0930 
Broker 
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

February 11, 2019 03:09 ET (08:09 GMT)