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Last Trade - 19/04/21

Sector
Basic Materials
Size
Micro Cap
Market Cap £9.24m
Enterprise Value £9.38m
Revenue £171k
Position in Universe 1606th / 1819

Tectonic Gold Plc: Exploration update from Specimen Hill

Fri 12th February, 2021 7:00am
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  MGA94 z56      Northing  MGA94 z56     RL  (AHD)     AZI  (MAG)    Dip  Total 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 km(2) 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 Brett Boynton Sam Quinn www.tectonicgold.com. @tectonic_gold                                                               +61 2 9241 7665 
 Financial Adviser, Corporate Adviser and Broker  VSA Capital Limited  Andrew Raca – Corporate Finance Andrew Monk – Corporate Broking       +44 20 3005 5000 

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.



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