bonding extensions

TDG Gold Corp. Announces 30-Year Extensions to Baker and Shasta Mining Leases, Toodoggone Production Corridor, British Columbia

TDG Gold Corp (TSXV:TDG) (the "Company" or "TDG") is pleased to announce the extension of its Baker and Shasta mining leases until Sep 10, 2051 and June 13, 2050 respectively. TDG completed its acquisition of the Toodoggone District assets of Talisker Resources Ltd. ("Talisker") in December 11, 2020 which included the Baker and Shasta mining leases and surrounding mineral claims, and the Mets mining lease - all located within the historical Toodoggone Production Corridor

The extension of the Baker and Shasta mining leases also triggers the transfer of the existing Mines Act Permit to TDG, which defines a Permitted Mine Area ("PMA") covering just over 175 hectares (see Figure 1 below) and enables the undertaking of certain activities within its boundary including exploration. Over 90% of TDG's proposed drillholes for the imminent 2021 field season at Shasta fall within the PMA. The Shasta 2021 drill program of 4,000-6,000 metres is designed to test historical drilling results as well as extensions to the known mineralization at Shasta. Drilling is expected to commence in early August 2021 after further surface sampling and mapping work at Shasta has been completed.

Figure 1: Map showing location of Baker and Shasta mining leases and Permitted Mine Area.

TDG would like to thank First Nations for their consultation and support during the applications for the extension of the Baker and Shasta mining leases, and also the teams at Talisker, Falkik Environmental Consultants and the BC Ministry of Energy, Mining and Low Carbon Innovation ("EMLI") for their input and management of the application process.

As part of the 30-year extensions to the Baker and Shasta mining leases and transfer of the Mines Act Permit, TDG has agreed to provide reclamation and security bonding for the PMA which includes the roads, Baker mill, Baker and Shasta mines and tailings storage facilities; and, TDG has agreed to maintain the PMA in compliance with the requirements of the Mines Act permit including a comprehensive environmental monitoring program which will be undertaken in 2021 by Chu Cho Environmental LLP ("Chu Cho") and Sasuchan Environmental LP ("Sasuchan") in partnership with other sector experts. Both Chu Cho and Sasuchan are wholly owned and operated by Tsay Keh Dene and Takla First Nations respectively.

Qualified Person

The technical content of this news release has been reviewed and approved by Andy Randell, PGeo., a qualified person as defined by National Instrument 43-101.

About TDG Gold Corp.

TDG is a major holder of mineral claims and mining leases 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. TDG currently has 64,423,459 common shares issued and outstanding.

ONBEHALF 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/649831/TDG-Gold-Corp-Announces-30-Year-Extensions-to-Baker-and-Shasta-Mining-Leases-Toodoggone-Production-Corridor-British-Columbia

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
Magnetic Resources

Quarterly Appendix 5B Cash Flow Report

Magnetic Resources NL (Magnetic or the Company) has released its Quarterly Cash Flow Report.


Keep reading...Show less
Magnetic Resources

Quarterly Report for the Quarter Ended 31 March 2024

Magnetic Resources NL (Magnetic or the Company) is pleased to provide its Quarterly Activities Report for the period ending 31 March 2024.
Keep reading...Show less
Manuka Resources

Research & Development Funding for Enhancement of Silver Production at Wonawinta

Manuka Resources Limited (ASX: MKR) (“Manuka” or the “Company”) is pleased to announce it has received A$1.07M under the Australian Government’s R&D tax incentive scheme for a successful process improvement program undertaken by the Company to enhance Silver production at the Wonawinta Silver Mine.

Keep reading...Show less
Gold and copper bars.

5 Top Weekly TSXV Stocks: Timberline Gains 120 Percent on McEwen Mining Deal

The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 20.69 points last week to close at 567.02.

Statistics Canada released March consumer price index figures this past Tuesday (April 16), showing inflation was up 2.9 percent on a year-on-year basis, higher than the 2.8 percent year-on-year growth reported in February.

Gasoline prices, which were up 4.5 percent compared to the same period last year, were a significant factor in the gain. Additional pressure came from rising shelter costs due to mortgage and rental increases.

Keep reading...Show less
Spartan Resources

Successful Completion of Placement & Institutional Entitlement Offer as Part of A$80M Equity Raising

Spartan Resources Limited (Spartan or Company) (ASX:SPR) is pleased to announce that the Company has successfully completed an institutional placement (Placement) and the institutional component of a 1-for-17 fully underwritten pro rata accelerated non-renounceable entitlement offer (Institutional Entitlement Offer, together with the Placement the Institutional Offer) of new fully paid ordinary shares in Spartan (New Shares).

Keep reading...Show less
Gold bars with gold arrow pointing up.

Top Stories This Week: Gold Price Stays Strong, Trudeau Takes Heat on Capital Gains Tax

The gold price ended last week with a bang, breaking through US$2,400 per ounce for the first time ever.

Although it retreated below that level this week, the yellow metal remains historically high.

I've asked a number of experts about what's behind gold's big move, and while their opinions differ on the specifics, they all agree that it still has plenty of room to run. Jordan Roy-Byrne, CMT, MFTA, of the Daily Gold may have put it best — he said that we're reaching the point where hyperbolic statements about the gold price can actually come true.

Keep reading...Show less

Latest Press Releases

Related News

×