Tectonic Gold
NXX:TTAU
AQSE-listed gold exploration company with its primary assets in Queensland, Australia where it is focusing on the discovery of Intrusive Related Gold Systems (IRGS)
Overview
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Aquis listed in 2018 following the reverse takeover of signature gold and aims to be lowest cost dollar per ounce gold exploration business
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Tectonic’s experienced management team has extensive expertise in interpreting and delineating IRGS systems which have previously been misunderstood.
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The company has a strong track record in gold combined with extensive knowledge of capital markets and banking experience.​ Due to its use of innovative technology the company has been a beneficiary of State R&D incentives chemes recouping significant funding to support further exploration.
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Company’s flagship asset is the Specimen Hill project where over 55 drill holes have intersected mineralisation with grades of over 18g/t Au. Licence area includes areas that have been exploited historically given the presence of high-grade veins, and a 4km strike length has been established. Major mining companies have staked the surrounding licence areas, including Rio Tinto, Newcrest, Evolution and South32.
- The 2020 drilling program successfully intersected epithermal gold and copper-gold mineralization with 100% strike record.
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Drilling expected to recommence imminently with access to drill sites and pads being prepared.
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Further due diligence will continue while the Southern Copper discovery undergoes maiden drill testing. Infield PXRF testing has returned +14% Cu.
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The rig will then be taken to Goldsmith’s reef to test extensions below the pre-World War 1 underground workings where historic production records yielded over 40g/t Au. Recent assays of the working face exceed 5.4g/t Au and 1.3% Cu.
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The campaign will conclude at Main Lodes with further testing of the porphyry mineralization intersecting by Tectonic's previous drilling.
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Tectonic has a partnership with Kazera Global giving it an interest in producing diamond assets and near production mineral sands assets, both in South Africa. The latest report indicated sales of close to US$0.25m in the last auction in late 2021
Share Price
Reserves & Resources
Exploration and studies to date on encountered mineralisation on its properties are insufficient to define a compliant resource or reserve. The company is working toward defining such a resource or reserve on its projects