TTAU Tectonic Gold Plc

 
TIDMTTAU 
 
20 April 2022 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
                DRILLING COMPLETION, NEW LICENSE AND JV UPDATE 
 
Tectonic Gold plc (TDIM: TTAU) the Intrusive Related Gold System ("IRGS") 
explorer, is pleased to announce the appointment of Ian Bruce as exploration 
manager to lead the completion of the Specimen Hill drilling program that was 
interrupted by severe regional flooding in the last quarter. 
 
Taree Fields, a high-grade copper rich target has been added to the Specimen 
Hill Project (EPM28296) and is waiting on completion of native title 
procedures. 
 
Highlights: 
 
 1. Ian Bruce appointed as exploration manager appointed to lead / restart 2022 
    /23 drilling campaign 
 2. Taree Fields - a historic high-grade copper mine on Specimen Hill structure 
    added to Tectonic's Australian portfolio 
 3. Deep Blue diamond JV has record sales of over US$236,000 in the recent 
    December 21/ January 22 cycle auction 
 4. Tectonic partners appointed to Chairman and Non-Executive roles in Whale 
    Head Minerals with mining license expected shortly 
 
Further updates to come. 
 
Queensland copper/gold campaign update. 
 
Severe weather forced Tectonic to suspend drilling in December 2021 on a 
critical diamond drilling campaign testing below the historic Goldsmith's Reef 
mine. Goldsmiths was a high grade mine abandoned due to the outbreak of World 
War 1 and not investigated again until Tectonic included it in the Specimen 
Hill exploration program. Historic mining was limited to approximately 30m 
depth, but geophysics testing by Tectonic shows extensive structural continuity 
below the old mine. The drilling program was designed to confirm extension of 
the gold mineralisation to 100m depth and beyond. This campaign will now be 
restarted under the leadership of Ian Bruce, an extremely experienced gold 
exploration geologist and specialist in this region of Queensland. 
 
During on-site hosting which brought a number of prospective joint venture 
parties to the Specimen Hill project to conduct due diligence, one of  these 
prospective groups identified an area of interest along structure from Southern 
Copper. This was researched and identified as Taree Fields, an historic 
high-grade copper mine. Tectonic has secured this under a new permit (EPM28296) 
and will include it in the next field campaign for sampling. 
 
Diamond and Mineral Sands Joint Ventures 
 
Tectonic's 10% non-diluting interest in Deep Blue Minerals is showing progress, 
with Kazera reporting proceeds of over US$236,000 in sales from the last 
auction, a record for the venture. 
 
Tectonic has a similar non-diluting 10% interest in Whale Head Minerals which 
is the Heavy Mineral Sands venture on the same site. In addition, Tectonic has 
sold a 30% interest to a Black Economic Empowerment (BEE) consortium, taking 
the total economic interest to 40%. 
 
We are pleased to advise that Kazera has appointed Tectonic's two leading 
empowerment partners, Dr Gil Mahlati and Dr Dempsey Naidoo as Chairman and 
Non-executive Director respectively of Whale Head Minerals. These two highly 
credentialed South African business leaders have a strong desire to see 
economic upliftment in the extremely disadvantaged region around the projects. 
We are fortunate to have them lend their expertise and network to driving the 
success of our venture and welcome their appointments. 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc 
 
"We are all looking forward to getting boots back onto the ground and you can 
expect the entire executive team to be spending time up at Specimen Hill as 
soon as the mud is dry. It has been a long hiatus, but we have used the time to 
pick up an exciting licence extension with Taree Fields. This rounds out the 
package for a potential joint venture partner nicely making Specimen Hill a 
significant intrusive copper/gold system discovery. 
 
We are also encouraged by the progress being made in South Africa on diamonds 
and mineral sands. This has great potential and with the support from very high 
profile mining, engineering and private equity personalities in Gil and Dempsey 
we are confident Deep Blue and Whale Head will bring some great news flow for 
shareholders." 
 
Investors can sign up to Tectonic's mailing list at the following link: 
 
http://www.tectonicgold.com/contact 
 
Follow us on Twitter: @Tectonic_Gold 
 
For further information, please contact: 
 
Tectonic Gold plc                                             +61 2 9241 7665 
Brett Boynton 
Sam Quinn 
www.tectonicgold.com 
investors@tectonicgold.com 
 
Aquis Stock Exchange Corporate Adviser and Broker 
VSA Capital Limited                                          +44 20 3005 5004 
Andrew Raca - Corporate Finance 
Andrew Monk - Corporate Broking 
 
 
 
END 
 
 

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