VSA Capital Market Movers – Tectonic Gold

0
7

VSA Morning Miner, 28/09/21


Tectonic Gold (AQSE:TTAU)




Tectonic Gold (AQSE:TTAU) has announced the completion of the first stage of the current drilling programme and the visible success of the project has prompted management to immediately extend the campaign to follow up on that success. In particular the maiden hole intercepted two mineralised intersections of copper of greater than 20m from 100m and 1,171m deep respectively. These are material intercepts of greater significance than anything that has been drilled to date. PXRF testing has returned high grades giving management strong confidence that this is worthy of immediate follow up work, however, the assay results which are pending will provide the true measure of how important these results are.

The programme will be extended by 14 days and enable management to get a stronger understanding of the structure of the intercepted mineralisation via a scissor hole. This means drilling along strike and into the mineralisation from the other direction to gain a stronger idea of the true width. Other holes in this programme drilled below the Goldsmiths reef have also intersected visible sulphide mineralisation beneath the historic high-grade workings. As a result, a 300m diamond hole has been added to test a target at 250m depth.

This a strong start to the programme and the thickness of the intercepts is consistent with a significant system. Management are clearly excited by what they are seeing on the ground and the decision to immediately follow up is a clear testament to the potential they are seeing. We look forward to the results from the assays.

We reiterate out Speculative Buy recommendation.




Oliver O’Donnell, CFA, Head of Research & 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]


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


VSA Capital Limited, New Liverpool House, 15-17 Eldon Street, London EC2M 7LD | www.vsacapital.com


This email is intended solely for the named recipient. It may contain privileged and/or confidential information. If you are not one of the intended recipients, please notify the sender immediately, and destroy this email: any disclosure, copying to any person or any action taken or omitted to be taken in reliance on this e-mail, is prohibited and may be unlawful. Any views expressed in this message are those of the individual sender, except where specifically stated to be the view of VSA Capital Limited, its subsidiaries or associates. Whilst all efforts are made to safeguard inbound and outbound emails, VSA Capital Limited and its subsidiaries or associates cannot guarantee that attachments are virus-free or compatible with your systems and do not accept any liability in respect of viruses or computer problems experienced.

VSA Capital Limited will use your personal information to administer your account in order to provide any products and services you have requested from us. Your personal information will be kept secure and will not be shared with any other party unless you provide consent to that effect.

VSA Capital Limited is Authorised and Regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.

The Company is registered in England with company number 2405923 at New Liverpool House, 15-17 Eldon Street, London EC2M 7LD.

LEAVE A REPLY

Please enter your comment!
Please enter your name here