lidar

TDG Gold Corp. Adds Second Drill Rig at Shasta Gold-Silver Project, Toodoggone District, British Columbia

TDG Gold Corp (TSXV:TDG) (the "Company" or "TDG") is pleased to announce the addition of a second drill rig at its Shasta gold-silver project located in the Toodoggone Production Corridor of north-central BC. The 2021 Shasta drill program has been designed in three phases to twin historical drillholes and provide infill geological data on the distribution of the mineralized veins and breccias within the Shasta exploration target noted as per TDG's news release dated March 03, 2021. Phases 1 and 2 of the drill program are 35% complete with drilling expected to continue into October 2021. A more detailed geological update will follow in a separate news release shortly

Exploration activities at TDG's Toodoggone projects commenced mid-July 2021 after the new Baker Camp opening. TDG would like to thank all our First Nation service partner companies (Chu Cho Industries, Chu Cho Environmental, New Age Drilling and Sasuchan LP) for their support and work assistance with site operations, exploration activity and environmental monitoring work.

The Baker Camp operating infrastructure now has capacity for up to 40 persons and provides an excellent base for future exploration plans for many years ahead. TDG is pleased to report there have been no major safety incidents, and the regular COVID-19 testing protocols have resulted in a covid-free camp.

Exploration to date is generating a significant amount of geological, geophysical and geochemical data, which will be processed in the coming months.

Surveys

  • LIDAR and Orthophoto mapping have been completed for the Shasta area, to provide detailed digital terrain profiles for future resource modelling.
  • LIDAR has been completed on the Mets mining lease.
  • Ground magnetic surveys have been completed over the Shasta target area and sections of the Baker target area.
  • Airborne magnetic and radiometric surveys have been completed at the large Bot property.
  • Additional airborne magnetic and radiometric surveys have been completed covering the north Baker pit and known surface mineralization.
  • Environmental and surface monitoring activities are ongoing, with our First Nation partners.

Drilling & Sampling

  • Shasta Mine project resource drilling is underway, and a second diamond drill rig is now operational.
  • HQ size core is being drilled with excellent core recovery of between 94-99%.
  • Planned first and second phase Shasta drilling is 35% complete.
  • Sample shipments both delivered and underway.
  • Surface sampling assay results from the mapping of the Baker and Shasta pits are pending.
  • Logging and lithology review is being undertaken by consultant, Thomas Bissig.
  • Drill hole assay results from Shasta are pending.

Qualified Person

The technical content of this news release has been reviewed and approved by Steve Kramar, P.Geo., a qualified person as defined by National Instrument 43-101.

About TDG Gold Corp.

TDG is a major mineral claim holder in the historical Toodoggone Production Corridor of north-central British Columbia, Canada, with over 23,000 hectares of brownfield and greenfield exploration opportunities under direct ownership or earn-in agreement. TDG's flagship projects are the former producing, high-grade gold-silver Shasta, Baker and Mets mines which are all road accessible, produced intermittently between 1981-2012, and have over 65,000 metres of historical drilling. In 2021, TDG proposes to advance the projects through compilation of historical data, new geological mapping, geochemical and geophysical surveys, and drill testing of the known mineralization occurrences and their extensions. On June 29, 2021, TDG announced that it had entered into a non-binding letter of intent to acquire the Nueva Esperanza silver-gold advanced exploration and development project located in the Maricunga Belt of northern Chile. TDG currently has 70,867,903 common shares issued and outstanding.

ON BEHALF OF THE BOARD

Fletcher Morgan
Chief Executive Officer

For further information:
TDG Gold Corp.,
Telephone: +1.604.536.2711
Email: info@tdggold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

SOURCE: TDG Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/662915/TDG-Gold-Corp-Adds-Second-Drill-Rig-at-Shasta-Gold-Silver-Project-Toodoggone-District-British-Columbia

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
TDG Gold

TDG Gold

TDG Gold CEO Dr. Fletcher Morgan: Our Aim is to Build A Mine and Get Shasta Back into Productionwww.youtube.com

Overview

Investors often talk about the Golden Triangle and the immensely attractive discovery upside contained in British Columbia. However, flocking to one region for precious and base metal mining overlooks some of the world’s most up-and-coming districts across the Americas, which some argue have the potential to mimic the successes of these more prolific mining districts.

Keep reading...Show less

Consolidating Permitted, Precious Metals Projects in the Americas

Chen Lin, silver bars.

Chen Lin: Gold, Silver Prices Breaking Out, My Stock Strategy Now

Chen Lin of Lin Asset Management discusses what's behind gold's latest price move.

"Recently the stock in China's gold futures market just went parabolic — that actually preceded the recent gold breakout ... both had been rangebound for a long, long time, and then suddenly started breaking out two weeks ago," the expert explained.

Keep reading...Show less
Red pushpin marking Queensland on a detailed map of Australia.

Newmont Withdraws from Mount Coolon Joint Venture, GBM Regains Full Ownership

GBM Resources (ASX:GBZ) announced it has regained ownership of the Mount Coolon gold project in Queensland following Newmont’s (TSX:NEM,NYSE:NEM,ASX:NEM) termination of a 2022 farm-in agreement.

GBM made the deal with Newcrest Mining before that company was acquired by Newmont in 2023.

Newmont's withdrawal is part of its focus on divesting non-core assets to hone in on its more profitable and stable tier one operations. The company has made substantial adjustments to its portfolio this year.

Keep reading...Show less
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security.

And each time the gold price rises, there are calls for even higher record-breaking levels.

Keep reading...Show less

Latest Press Releases

Related News

×