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PR Newswire
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Tectonic Gold Plc - Queensland Copper Gold Campaign Update

Tectonic Gold Plc - Queensland Copper Gold Campaign Update

PR Newswire

10 June 2022

TECTONIC GOLD PLC

("Tectonic Gold" or the "Company")

QUEENSLAND COPPER GOLD CAMPAIGN UPDATE

Tectonic Gold plc (TDIM: TTAU) the Intrusive Related Gold System ("IRGS") explorer, is pleased to announce remobilisation of the exploration team to the Specimen Hill project to prepare for drilling.

Mt Fane historic copper mine added to portfolio under license area EPM28296.

Highlights:

  1. Technical team on the ground after long rainy season in Queensland
  2. Tracks expected to be dry enough for rig deployment in the next few weeks
  3. Diamond drilling at Goldsmith's Reef to be completed
  4. Mt Fane added to the portfolio following interest from potential JV partner

Further updates to come.

Queensland copper/gold campaign update.

With the rain finally breaking, Tectonic's exploration team has been able to access the Specimen Hill project site this week. The trip is to familiarise our new lead exploration geologist with the area and complete environmental checks and pre-mobilisation for drilling.

Despite widespread flooding in South-eastern Queensland over the last six months, the roads and tracks to Goldsmith's Reef appear in good order. Track clearance is required with fallen trees, however, subject to continued dry weather the contractors expect the tracks to firm up enough to allow heavy rig access in the next few weeks.

The priority is to complete the diamond coring program at Goldsmith's Reef which was disrupted in January. Goldsmith's Reef is a high-grade historic mine which was last in production pre-1920. Ores were selectively mined to a depth of only thirty meters. Tectonic's advanced geophysics program has remotely mapped these structures from surface to well below one hundred meters. Drilling will return core samples from one hundred meters and below to test and confirm continuity of gold mineralisation. This will inform JORC resource modelling.

Tectonic hosted a number of potential JV investors at site in 2021 to conduct due diligence for investment. One of these groups identified the Mt Fane historic copper workings along strike from Southern Copper as a high interest target and requested that we added this to the portfolio. The 4km+ long mineralised corridor at Specimen Hill presents with high grade gold closer to the intrusive heat source we have identified below Main Lodes, with copper becoming more dominant as we move past Goldsmith's Reef and on to Southern Copper and Mt Fane. Our expectation is that Mt Fane could provide a high-grade copper addition to the copper/gold discoveries throughout this corridor. With copper forecast to have a major supply deficit in the global energy transition, Mt Fane is a timely addition to the Specimen Hill portfolio.

Mr. Brett Boynton, Managing Director - Tectonic Gold Plc

"We are very happy to be back on the ground after such a long forced break. Fingers crossed we have no more rain and we can get the heavy equipment back onto the Goldsmith's Reef target in the weeks ahead. If we can get sufficient information from this campaign we will be looking to put maiden resource numbers together, but the primary aim is to complete the due diligence package for prospective joint venture investors."

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
Brett Boynton
Sam Quinn
www.tectonicgold.com
investors@tectonicgold.com
+61 2 9241 7665
Aquis Stock Exchange Corporate Adviser and Broker
VSA Capital Limited
Andrew Raca - Corporate Finance
Pascal Wiese - Corporate Finance
Andrew Monk - Corporate Broking

+44 20 3005 5004
© 2022 PR Newswire
Solarbranche vor dem Mega-Comeback?
Lange galten Solaraktien als Liebling der Börse, dann kam der herbe Absturz: Zinsschock, Überkapazitäten aus China und ein Preisverfall, der selbst Marktführer wie SMA Solar, Enphase Energy oder SolarEdge massiv unter Druck setzte. Viele Anleger haben der Branche längst den Rücken gekehrt.

Doch genau das könnte jetzt die Chance sein!
Die Kombination aus KI-Explosion und Energiewende bringt die Branche zurück ins Rampenlicht:
  • Rechenzentren verschlingen Megawatt – Solarstrom bietet den günstigsten Preis je Kilowattstunde
  • Moderne Module liefern Wirkungsgrade wie Atomkraftwerke
  • hina bremst Preisdumping & pusht massiv den Ausbau
Gleichzeitig locken viele Solar-Aktien mit historischen Tiefstständen und massiven Short-Quoten, ein perfekter Nährboden für Kursrebound und Squeeze-Rally.

In unserem exklusiven Gratis-Report zeigen wir dir, welche 4 Solar-Aktien besonders vom Comeback profitieren dürften und warum jetzt der perfekte Zeitpunkt für einen Einstieg sein könnte.

Laden Sie jetzt den Spezialreport kostenlos herunter, bevor die Erholung am Markt beginnt!

Dieses Angebot gilt nur für kurze Zeit – also nicht zögern, jetzt sichern!
Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.