TTAU Tectonic Gold Plc

 
TIDMTTAU 
 
16 November 2022 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
                        Remobilisation drilling update 
 
Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold System ("IRGS") 
explorer, is pleased to report the recommencement of drilling at the Company's 
flagship Specimen Hill project in Queensland, Australia, on the high grade 
Goldsmiths Reef mine. 
 
Highlights: 
 
  * 350m deep diamond core at Goldsmith's Reef to be completed, targeting 
    bullseye geophysical target below high-grade historic mine. 
  * Assays returned grades of 8.17g/t Au over 1m in distal veins in the last 
    ten meters before the hole was suspended due to bad weather 
  * The primary target zone is at 200m+ 
  * Expect to complete drilling in two weeks with assays reported shortly 
    thereafter 
  * Will provide further updates at the VSA Capital - Aquis Investor Showcase 
    on 29th November. 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc 
 
"Field reconnaissance during September confirmed the ground conditions were 
suitable to remobilise, however a general shortage of rigs delayed our restart 
until earlier this week. We began drilling yesterday and with a week of good 
weather forecast we expect to complete this final hole left over from the 2021 
campaign and have samples off to the lab for assay in the next two weeks. 
 
This is an exciting hole for the Company as we are chasing the extension of a 
known high-grade system that has been mined close to surface. The intersection 
of narrow, high-grade, veins just before we were forced to suspend the campaign 
is very encouraging. These veins are presenting at about 110m, well before the 
target zone and we hope to see convergence of these distal veins as we close in 
on the target zone. 
 
This is a relatively quick campaign and we expect to have assays back within 
weeks of the completion. 
 
These results will fill out our data package for discussions with potential 
joint venture partners and the recent corporate activity on the gold sector is 
encouraging. 
 
We will have in-field geological analysis completed in time for the VSA Capital 
- Aquis Investor Showcase on the 29th of November and look forward to sharing 
the news then. Please join us via the link below." 
 
https://www.eventbrite.co.uk/e/ 
the-vsa-capital-aquis-showcase-event-tickets-430890363677 
 
This link to our website will take you to our gallery and a picture of our 
diamond rig arriving on site at the Specimen Hill project to complete the 
campaign suspended due to storms and flooding in Queensland in January 2022 
 
https://www.tectonicgold.com/gallery-3?pgid= 
ks8lm863-7329420f-196e-4bea-8c22-eb68c243645a 
 
This link is to a picture of the rig in action coring a hole below Goldsmith's 
Reef targeting a geophysical bullseye anomaly at circa 250m depth. 
 
https://www.tectonicgold.com/gallery-3?pgid= 
ks8lm863-6b0a0f3e-fffc-4e35-b9a7-85d4f11f94bc 
 
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 
 
 

(END) Dow Jones Newswires

November 16, 2022 02:00 ET (07:00 GMT)

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