The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
According to the Align research notes, JORC should be Q1/Q2 and JV or sale of SH could happen sometime this year.
“ All these assay results will be leading towards a maiden JORC resource, upgraded resource and feasibility studies where the economic value of the gold mining project based on the defined resource will be determined. This all points to a sustained news flow over Q1/Q2 2021 culminating in the real prospect of a corporate deal on Specimen Hill before the end of 2021.”
A small extract - “ From the Main Lodes in the North East to Southern Copper in the South West, Tectonic has mapped a 4km+ strike with detailed geochemistry and deep penetrating geophysical reconnaissance. It is important to note that the system remains open at both ends and at depth; and in due course we intend to map it further. For comparison, the “Super Pit” at Kalgoorlie, one of Australia’s most prolific mines, is 2.6km in length.” :))
Mr. Brett Boynton, Managing Director – Tectonic Gold Plc
A few highlights from Brett;
“This is a fantastic early Christmas present, and the team couldn’t be happier with results so far. We now have vectors proving high grade mineralisation from surface to over 100m depth across a system in excess of 3km in length. We are working this up in a disciplined sequence, targeting mineralisation to 100m depth to start with. What we are now looking at with Specimen Hill is a number of open pits which can brought into production to cash flow fund moving into a long-life operation.” “as Rio Tinto will be looking for.”
“we are benefiting from a disciplined approach over a number of years.”
“With Southern Copper still to be drilled and Mt Cassidy also ready for first testing we have plenty of blue sky ahead of us in 2021.”
:))
Morning Intrepidinvestor,
Very positive RNS indeed!
Still a bit too early to call the resource number, but what is very encouraging and consistent over the last couple of years is their interpretation of the resource. They are focused on proving up 3m+ oz gold resources (this is what the majors are looking for when making acquisitions). And so far so good. The fact they are hitting mineralisation on EVERY hole drilled is truly phenomenal. The size of the potential keeps growing as well. 3km+ strike and counting and 500m+ deep.
The RNS also references further funding being lined up to continue further exploration. Always critical for a small cap exploration company.
So so so so sorry, for misinterpreting “ Update this morning on Aquis”, as an RNS being issued. Where clearly I should have interpreted it as “ Go to AQUIS then Aquis Stock Exchange, then For Investors and then view companies Data.”. Note to self - learn to understand communication better.
My bad.
GL
RNS continued...
Mr. Brett Boynton, Managing Director – Tectonic Gold Plc
“This is a great start to the campaign. Intersecting mineralisation as expected on this first hole maintains our 100% success record in drill targeting. This again validates all of the continuous efforts over the years in research and development on Intrusive Related Gold System exploration. This is going to be an exciting few weeks.”
Tectonic Gold Plc - Drilling update from Specimen Hill Project PR Newswire
19 November 2020
TECTONIC GOLD PLC
(“Tectonic Gold” or the “Company”)
Drilling update from Specimen Hill Project
Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold System (“IRGS”) exploration pioneer, is pleased to announce completion of the first hole in the drilling program at the Specimen Hill Prospect in Queensland, Australia.
Highlights:
First hole (SHRC17) completed for 103 meters
Visual gold bearing mineralisation intersected from surface (assays pending)
Gold bearing porphyry mineralisation also intersected within the intrusives at depth as targeted
Second hole underway with rig stepped back and pivoted 180deg to test true width of mineralisation at depth
After some rain delays at the start of the month, the Tectonic Gold field team was able to mobilise equipment on site last week. After proper induction and safety procedures they were able to set up the drilling rig on the first pad over the weekend. The first hole in the campaign was completed on 17 November. SHRC17 was targeting a continuation of tested and proven surface mineralisation at depth and has been an immediate technical success intersecting gold bearing sulphides down to over 100m.
The drilling campaign at Specimen Hill is starting with follow-up testing of the 3km long Andrews Gulley shear zone which returned high grades of gold, copper, silver and tellurium in previous drilling. Andrews Gulley intersects the Specimen Hill fault that has likewise returned high grades of gold and copper. Drilling will continue from Andrews Gulley over into the Specimen Hill fault in the second stage of the campaign. Mineralisation at specimen hill has been mapped for an addition 1km+ of strike, confirming the significant scale of the system.
A selection of the sample material has been sent to the laboratories for a rapid turnaround broad chemical suite assay. This will provide copper and gold grades as well as a host of information to assist with targeting the remainder of the campaign.
Surface assaying last month returned proven high grade gold, copper and silver mineralisation at Andrews Gulley:
Sample 30426 : 3.23g.t Au and 45.5g.t Ag
Sample 30427 : 3.88g.t Au and 39.5g.t Ag
Sample 30427 also returned over 2.5% Copper.
All of this is as expected and consistent with previous testing of the Specimen Hill Intrusive Related Gold System.
Hi Steve1366,
The spread, is what it is, and only becomes an issue if you are looking to trade this. Because of the spread and the illiquid exchange this is not a traders share.
Well done on your profit so far... hopefully just the tip of the iceberg ;)
Hi Banan,
I buy mine via Hargreaves and Lansdown. Currently only telephone dealing is available, due to this share being on the AQSE exchange. All going well it will move to a more liquid exchange sometime soon(ish)...
Hi Intrepidinvestor,
Try this one as a start;
https://youtu.be/FAPdxRYdQi8