(“Tectonic Gold” or the “Company”)
ADDITIONAL ASSAYS FROM Drilling at
-- 75% of assays returned, final assay results are expected before the end of
January 2019-- Gold grades up to 35.2g/t Au obtained at 90m depth, below previous drilling in SHDD11 -- Silver grades up to 37g/t Ag; Tellurium grades up to 15 g/t; and Copper grades up to 1.45%
Assaying by ALS in their Townsville laboratory has almost completed. With the gold price near record highs in Australian Dollar terms, there has been a significant increase in demand for assay work and this has resulted in some delays, however we expect the final results to be in by month end and assessed by the team shortly thereafter.
Following positive early results from the first batch of testing we are very pleased to see some exceptional gold grades in excess of an ounce per tonne in the epithermal zone below previously tested and confirmed mineralisation at the main lodes prospect.
Typical of high sulphidation epithermal deposits, we have also confirmed high grades of silver, tellurium and other signature IRGS elements.
As previously advised, detailed information will be released after the full set of results has been verified, collated and modelled. This is anticipated shortly after month end.
About the Specimen Hill Prospect:
Specimen Hill has produced over 8,000ozs of gold from historic small-scale surface mining with grades reported up to 40g/t Au.
Tectonic Gold reinterpreted historic data and identified extensions to the system under cover. Utilising digitisation and big data analytics, new geophysics technologies and advanced testing such as Laser Ablation Inductively Coupled Mass Spectrometry (LA-ICP-MS) Tectonic Gold unlocked this system. The Company significantly extended the structure hosting the known gold bearing mineralisation and demonstrated a vertically extensive epithermal gold prospect from surface to +500m with multiple potential porphyry feeder zones at depth.
Historic drilling of 63 shallow holes delivered grades up to 15g/t within a ~300m strike. The current drilling campaign visually confirms the strike extension mapped by our recent geophysical surveying to over 1,500m and at 330m+.
A buried intrusive interpreted to be a mineralising source for the epithermal deposit has been intersected in deeper drilling, confirming the targeting by DIAS 3D IP surveying technology the company brought to
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
“Following up the early positive results with high grades returned in gold, silver and tellurium is very encouraging. Australian gold prices were recently at over
We have shared a selection of core photos on the website at www.tectonicgold.com and on Twitter @tectonic_gold.
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 Quinnwww.tectonicgold.com. @tectonic_gold NEX Exchange Corporate Adviser and Broker Peterhouse Capital Limited+44 20 7469 0930 Mark AnwylFinancial Adviser and Broker +44 20 3005 5004 VSA Capital Limited Andrew Raca
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