VSA Capital Market Movers – Tectonic Gold


Tectonic Gold (AQSE: TTAU) announced the completion of the first stage of the current drilling program and the visible success of the project has prompted management to immediately extend the campaign to follow up on this success. In particular, the first hole intercepted two mineralized copper intersections over 20 m deep at 100 m and 1,171 m respectively.

Morning miner VSA, 09/28/21

Tectonic gold ()

Tectonic Gold () announced the completion of the first stage of the current drilling program and the visible success of the project prompted management to immediately expand the campaign to follow up on this success. In particular, the first hole intercepted two mineralized copper intersections over 20 m deep at 100 m and 1,171 m respectively. These are physical interceptions of greater importance than anything that has been drilled to date. PXRF testing gave high marks, giving management confidence that it deserves immediate follow-up work. However, the pending test results will provide the true measure of the importance of those results.

The program will be extended by 14 days and will allow management to gain a better understanding of the structure of the mineralization intercepted via a scissor hole. This means drilling along the direction and into the mineralization from the other direction to get a more accurate idea of ​​the true width. Other holes in this program drilled under Goldsmiths Reef also intersected sulphide mineralization visible under historic high grade workings. As a result, a 300m diamond hole was added to test a target at 250m depth.

This is a good start to the program and the thickness of the interceptions is consistent with a large system. Management is clearly excited about what they see on the ground and the decision to follow up immediately is a clear testament to the potential they see. We look forward to the results of the analyzes.

We reiterate our recommendation to buy speculatively.

Oliver O’Donnell, CFA, Research Manager and Natural Resources Analyst | T: +44 (0) 20 3617 5180 | E: [email protected]
Paul Renken, senior geologist | T: +44 (0) 20 3005 5011 | E: [email protected]

Search | T: +44 (0) 20 3005 5000 | E: [email protected]

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