(“Tectonic Gold” or the “Company”)
Clermont Project Assay resutls
-- Samples assaying up to 8.01g/t Gold, 140g/t Silver and 6.32% Copper -- Sampling program focused on bulls eye geophysical target area and old workings
About the Clermont Prospect:
The Clermont project is the northern most project area in the Company’s portfolio. Previously, some twenty gold-copper prospects were worked under small claims and had profitable operations with ore mined grading up to 35% copper.
Tectonic has completed geological and geochemical surveys and defined a 3km2 area of overlapping anomalous gold, copper, antimony, manganese, phosphorous and barium mineralisation. This is co-incident to magnetic and gravity geophysical targets within the Clermont project. Assays up to 8.01g/t gold, 140g/t silver and 6.32% copper were obtained from independent laboratory results of rock chip samples collected from the survey.
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 New England Orogen in
At the beginning of 2019 Tectonic reached agreement with
All gold assets held within the Biloela, Clermont and Rockhampton Projects in
The Company’s focus remains the Specimen Hill project and limited further compliance work is planned at Clermont over the next year.
Funds will also be allocated to progressing the Mt Cassidy prospect (within the
“Clermont is a very large target and we are slowly maturing it for further work once we have completed delineation of the Biloela projects. These results are very encouraging and give depth to the project pipeline.”
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’s website for the
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 VSA Capital Limited+44 20 3005 5004 Andrew Raca– Corporate Finance Andrew Monk– Corporate Broking
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