TDG Gold Corp. Intercepts 76.71 g/t Gold and 1,725 g/t Silver 75 metres from Surface at Shasta, Toodoggone District, BC

TDG Gold Corp. Intercepts 76.71 g/t Gold and 1,725 g/t Silver 75 metres from Surface at Shasta, Toodoggone District, BC

TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") is pleased to reiterate high grade gold ("Au") and silver ("Ag") assays from results received from SGS Labs Canada ("SGS"). Internal QAQC review by TDG, working with Moose Mountain Technical Services ("MMTS"), is ongoing and therefore results are still considered preliminary. Drill results reported so far are from 7 of 51 completed diamond drillholes in 2021 at TDG's 100% owned former producing high grade gold-silver Shasta mine located in the historical Toodoggone Production Corridor of north-central B.C. TDG has also reported preliminary results from 3 of 6 historical holes drilled at Shasta in 2007 that were resampled by TDG in 2021

A summary of high grade intercepts to date is highlighted below and detailed in Table 1.

  • SH21-004: 21.6 g/t Au & 593 g/t Ag over 0.5 m
  • SH21-005: 25.22 g/t Au & 1189 g/t Ag over 0.5 m
  • SH21-006: 76.71 g/t Au & 1725 g/t Ag over 0.5 m
  • SH21-008: 20.8 g/t Au & 582 g/t Ag over 0.5 m

…This sample was previously "capped" at 1,000 g/t Ag, pending overlimit analysis.

High grade gold-silver intercepts occur in proximity to the mineralizing structure(s), where intense silicification, potassic alteration and veining produce a hydrothermal breccia of host rocks. These high grade ‘pods' were the focus of historical mining and production efforts and are surrounded by significant widths of ‘halo'-style medium to lower grade mineralization, which TDG is incorporating in a bulk-mining scenario as part of working towards an open-pit NI 43-101 compliant mineral resource estimate. This mineralization style is characteristic of the low sulphidation epithermal deposits located within the Toodoggone District.

TDG's interpretation of results received to date is that the data provide corroborative evidence with the historical drilling at Shasta and confirms the presence of a mineralized breccia body at Shasta which extends over 400 metres ("m") from north to south at the Creek Zone with the potential for further mineralization at depth, to the north, south and east towards the JM Zone. Drill results the JM Zone are still pending along with drillholes testing for potential extension of the mineralization between the Creek and JM Zones, and also 700 metres to the south of the JM Pit at the Cayley-Rainier Zone.

In 2020-2021, TDG recompiled over 28,000 m of historical drilling at Shasta, which indicated less than 50% of the historical core had been assayed compared to the total length of the drillhole. Historical efforts were focused on the high grade pods and the material comprising the halo was left un-assayed. This information was used to target TDG's 2021 diamond drill program with the aims of validating the historical drillhole data, and testing extensions around the historical workings and mineralized target zones.

In total, TDG completed 8,048 m of diamond drilling (> 90% oriented core) at Shasta. This amount of oriented core data collected will enable Company geologists to understand vein/mineralization orientations and sequence different generations of mineralizing events, to better understand and target future endeavours. All holes were drilled within the Permitted Mine Area ("PMA") and covered approximately 60% of the known mineralized target zones at Shasta. In 2022, TDG expects to publish an inaugural NI 43-101 Mineral Resource Estimate for Shasta and to continue expanding the gold and silver mineralized footprint with subsequent drilling on and off the PMA, under a Notice of Work ("NoW") authorization, granted in 2021.

TABLE 1. High grade gold-silver intercepts from previously published diamond drillholes SH21-001 to SH21-008 and SH07-01 to SH07-003.

Drillhole

Depth From

Depth To

Length
(m)

Au
(g/t)

Ag
(g/t)

AuEq
(g/t)*

SH21-004

69.0

69.5

0.5

21.60

593

29.01

SH21-004

69.5

70.0

0.5

13.80

641

21.81

SH21-004

71.0

71.5

0.5

11.00

336

15.2

SH21-005

96.5

97.0

0.5

12.00

474

17.93

SH21-005

97.5

98.0

0.5

15.83

851

26.47

SH21-005

98.0

98.5

0.5

25.22

1189

40.08

SH21-006

28.0

28.5

0.5

5.70

558

12.68

SH21-006

51.5

52.0

0.5

13.39

847

23.98

SH21-006

98.5

99.0

0.5

76.71

1725

98.27

SH21-008

66.0

67.0

1.0

15.00

44.5

15.56

SH21-008

68.0

68.5

0.5

8.63

135

10.32

SH21-008

72.0

72.5

0.5

15.50

165

17.56

SH21-008

72.5

73.0

0.5

11.40

218

14.13

SH21-008

75.0

75.5

0.5

20.80

582

28.08

SH21-008

75.5

76.0

0.5

20.40

443

25.94

SH21-008

77.0

77.55

0.55

7.36

384

12.16

SH21-008

83.5

84.0

0.5

5.86

417

11.07

SH21-008

120.7

121.25

0.55

6.36

367

10.95

SH07-01

69.0

70.1

1.1

7.53

329

11.64

SH07-01

82.0

84.0

2.0

7.80

331

11.94

*Gold equivalent (AuEq) is used for illustrative purposes, to express the combined value of Au and Ag as a percentage of Au. Calculations are uncut and no allowances have been made to accommodate potential recovery losses that would occur in a mining scenario. AuEq is calculated using 80:1 silver to gold ratio.

** Intervals are core-length weighted. True width is estimated between 75 to 95 % of core length, and core recovery is calculated to be > 95 %

***Calculated composites/intercepts are truncated to 2 significant digits for Au/AuEq and the nearest whole number for Ag.

Previously published results from diamond drillholes SH21-001 to SH21-008 and resampled historical drillholes SH07-01 to SH07-003 (see news releases dated January 04, 2022, January 11, 2022 and January 24, 2022) were preliminary. All were drilled into the Shasta Creek Zone approximately ± 150 m from the historical Creek Pit. Results from these drillholes have been finalized by SGS's internal Data Quality Analysis (DQA) and all subsequent overlimit circuits are complete. TDG's internal QAQC is still underway, waiting for all results from the 51 completed drillholes to be compiled and laboratory performance verified. Final results will be published on TDG's website at that time. TDG is currently awaiting final assay results from 44 of the 51 diamond drillholes drilled at Shasta in 2021, and laboratory progress has been slowed by an unusual volume of samples submitted and the ongoing COVID-19 global pandemic. TDG expects to publish more results over the coming weeks.

QA/QC

Samples for the Shasta 2021 drill program followed chain of custody between collection, processing and delivery to an SGS laboratory in Burnaby, B.C. The drill cores were delivered to the core shack at TDG's Baker Mine site, and processed by geologists who inserted certified reference materials, blanks and duplicates (pulp and coarse) into the sampling sequence. The 2021 drill core was cut in half (1/2 HQ core) and placed in zip-tied polyurethane bags, then in security-sealed rice bags before being delivered directly from the Baker Mine site, to Bandstra Transportation Systems in Prince George, B.C., and ultimately to the SGS laboratory in Burnaby, B.C. Samples were prepared and analyzed following procedures summarized in Table 2, where information about methodology can be found on the SGS Canada Website, in the analytical guide (here).

TABLE 2. Au and Ag Analytical Methods

Drillhole

Prep

Method Au

Method Ag

Method Au-
Overlimit

Method Ag-
Overlimit*

SH07-001PRP89

GO_FAI50V10

GE_IMS40Q12

N/A

GO_ICP42Q100

SH21-004PRP89

GO_FAI50V5

GE_IMS40Q12

GO_FAG50V

GO_ICP42Q100

SH21-005PRP89

GO_FAI50V10

GE_IMS40Q12

GO_FAG37V

GO_ICP42Q100

SH21-006*PRP89

GO_FAI50V10

GE_IMS40Q12

N/A

GO_ICP42Q100

SH21-008PRP89

GO_FAI50V5

GE_IMS40Q12

GO_FAG50V

GO_ICP42Q100

* Samples returning > 1000 g/t Ag in overlimit method GO_ICP42Q100, utilized a second overlimit method: GO_FAG37V.

Quality assurance and control ("QAQC") is maintained internally at the lab through rigorous use of internal certified reference materials, blanks, and duplicates. An additional QAQC program was administered by TDG Gold through the use of certified reference materials ("CRMs"), duplicate samples and blank samples that were blindly inserted into the sample batch. If a QAQC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QAQC sample are re-tested. For the purposes of this press release, results are ‘preliminary' and thus have not undergone TDG's comprehensive QAQC investigations.

Qualified Person

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

This news release includes historical drilling information that has been reviewed by the Company's geological team. The Company's review of the historical records and information reasonably substantiate the validity of the information presented in this news release; however, the Company cannot directly verify the accuracy of the historical data, including the procedures used for sample collection and analysis. Therefore, the Company encourages investors to exercise appropriate caution when evaluating these results. Further data review is underway, in order to verify the validity of the data for the anticipated NI 43-101 compliant mineral resource estimate.

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 m of historical drilling. In 2021, TDG advanced the projects through compilation of historical data, new geological mapping, geochemical and geophysical surveys, and, for Shasta, drill testing of the known mineralization occurrences and their extensions. TDG currently has 78,361,085 common shares issued and outstanding.

ON BEHALF OF THE BOARD

Fletcher Morgan
Chief Executive Officer

For further information contact:

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 contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made 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. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

SOURCE: TDG Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/686884/TDG-Gold-Corp-Intercepts-7671-gt-Gold-and-1725-gt-Silver-75-metres-from-Surface-at-Shasta-Toodoggone-District-BC

News Provided by ACCESSWIRE via QuoteMedia

TDG:CA
The Conversation (0)
TDG Gold Corp. Samples Up To 32.9 g/t And 27.6 g/t Gold at Mets, Toodoggone, B.C.

TDG Gold Corp. Samples Up To 32.9 g/t And 27.6 g/t Gold at Mets, Toodoggone, B.C.

TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") is pleased to announce the results of the 2021 exploration program at its former producing high-grade gold Mets Mining Lease located in the road accessible Toodoggone Production Corridor of north-central, B.C. Highlights include grab samples yielding 32.90 grams per tonne ("gt") gold ("Au") and 27.61 gt Au collected from locations of known historical drill collars (Table 1

TDG's Mets Mining Lease consists of 200 hectares located 23 kilometres ("km") by road from TDG's Baker Mine (Figure 1). A summary of historical exploration work completed at Mets was published by TDG in its news release dated May 19, 2021 (here). TDG has recompiled 7,944 metres ("m") of diamond drilling of the 8,784 m reported to have been drilled historically, along with review of the 2,622 m of historical trenching. Historical drill highlights include DDH MT86-08 which intersected 25.9 m of 9.52 g/t Au and MT86-05 intersecting 46.4 m of 3.57 g/t Au (including 11.8 m of 13.93 g/t Au).

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
TDG Gold Corp. Announces Anticipated Termination of the Nueva Esperanza Acquisition

TDG Gold Corp. Announces Anticipated Termination of the Nueva Esperanza Acquisition

TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") advises that TDG has notified Kingsgate Consolidated Limited ("Kingsgate") that it anticipates that certain conditions precedent to the acquisition ("Acquisition") of the "Nueva Esperanza" silver-gold project pursuant to the terms of the definitive agreement (the "Agreement") between the Company and Kingsgate will not be fulfilled prior to the outside date for completion of the Acquisition on January 31, 2022, and therefore TDG anticipates that it will terminate the Agreement on such date

The results from TDG's 2021 exploration and drill programs on its project portfolio in the Toodoggone Production Corridor have exceeded the Company's expectations and the Company intends to now focus 100% of its efforts there.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
TDG Gold Corp. Drills 38.0 metres of 3.04 g/t Gold and 101 g/t Silver at Shasta Creek North, Toodoggone, B.C.

TDG Gold Corp. Drills 38.0 metres of 3.04 g/t Gold and 101 g/t Silver at Shasta Creek North, Toodoggone, B.C.

TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") is pleased to announce drill results from drillholes SH21-007 and SH21-008 from its 2021 diamond drill program with both holes drilled approximately 150 metres ("m") north of the historical Shasta Creek Zone open pit. Drill intercepts include 38.0 m of 3.04 grams per tonne ("gt") gold ("Au") with 101 gt silver ("Ag") [4.30 gt AuEq*] in drillhole SH21-008. Assay results were received directly from SGS Canada Inc. ("SGS") from TDG's Shasta project which is located in the Toodoggone District of north-central B.C. Results have been received directly from SGS Canada Inc. ("SGS") and whilst SGS has completed its QAQC protocols for these results, a comprehensive internal Data Quality Analysis ("DQA") by TDG is still underway with subsequent assay results from the Shasta project still pending. Therefore, the results for the purposes of this news release are still considered preliminary

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
TDG Gold Corp. Drills 29.0 Metres of 1.78 G/T Gold and 89 G/T Silver at Shasta Creek Zone, Toodoggone, B.C.

TDG Gold Corp. Drills 29.0 Metres of 1.78 G/T Gold and 89 G/T Silver at Shasta Creek Zone, Toodoggone, B.C.

TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") is pleased to announce the first composite drill results from its 2021 Shasta diamond drill campaign which include 29.0 metres ("m") of 1.78 grams per tonne ("gt") gold ("Au") with 89 gt silver ("Ag") [2.89 gt AuEq**] in drillhole SH21-005 and 33.5 m of 1.03 gt Au with 41 gt Ag [1.53 gt AuEq**] in drillhole SH21-004 - both within the Shasta Creek Zone south of the historical workings at TDG's Shasta project located in the Toodoggone District of north-central B.C. Included in this update are the over-limit assay results from drillholes SH21-004 and SH21-005 which were unavailable in TDG's November 29, 2021 news release (see here) along with results from drillholes SH21-001, SH21-003 and historical 2007 drillholes re-assayed in 2021 (SH07-001 and SH07-002). Results have been received directly from SGS Canada Inc. ("SGS") and whilst SGS has completed its QAQC protocols for these results, a comprehensive internal Data Quality Analysis ("DQA") by TDG is still underway with subsequent assay results from the Shasta project still pending. Therefore the results for the purposes of this news release are still considered preliminary

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
TDG Gold Corp. Closes $247,500 Third Tranche Private Placement

TDG Gold Corp. Closes $247,500 Third Tranche Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TDG Gold Corp (TSXV:TDG) (the "Company" or "TDG") has closed the third tranche of its non-brokered private placement (the "Offering"), through the issuance of 450,000 flow-through units (each, a "FT Unit") at a price of C$0.55 per FT Unit raising proceeds totaling C$247,500 (the "Offering"). The first tranche closed on December 16, 2021, the second tranche closed on December 22, 2021, bringing the total of tranches one to three, to 1,716,000 NFT Units and 5,777,182 FT Units for gross proceeds of $4,035,450

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Long-Term Value Creation Drives Sustainable Growth for Barrick

All amounts expressed in US dollars

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) said today it was making significant progress in building a business for the future with a peerless Tier One 1 focused asset portfolio and a strategy that continues to uncover and unlock value, while also fostering productive partnerships in its host countries.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Barrick's Fourmile Project Shows Further World-Class Potential

All amounts expressed in US dollars

 Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today updated its mineral resource estimate for its wholly-owned Fourmile project in Nevada, resulting in a 192% increase in indicated resources (1.4 million ounces grading 11.76gt), a 137% increase in inferred resources (6.4 million ounces grading 14.1gt) and a 35% increase in grade relative to Barrick's 2023 year-end mineral resource estimate 1 .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Aurum Resources

Takeover Offer for Mako Gold Limited – Share Offer Unconditional and Status of Offers Conditions

Aurum Resources Limited (ASX: AUE) (Aurum) refers to its off-market takeover offer to acquire all of the ordinary shares (Share Offer) and certain options (Option Offers) in Mako Gold Limited (ASX:MKG) (Mako) pursuant to its bidder’s statement dated 30 October 2024 (as supplemented or replaced from time to time) (Bidder’s Statement).

Keep reading...Show less
Rows of gold bars.

Top 10 Gold Reserves by Country

Gold is one of the most important metals on the planet. For millennia it has been used in jewelry, art and currency, capturing the collective imagination as a thing of wonder. Gold's association with royalty and wealth has inspired explorers and treasure hunters alike, who put themselves at risk for a chance to strike it rich.

Today, gold's hold on us as a precious metal is no less powerful. Still used for jewelry and as a store of wealth, the metal also has a variety of modern industrial and electronic applications.

Even though gold seems to be everywhere, in reality it's a finite resource. Only 244,000 metric tons of gold have ever been mined, and two-thirds of that has been extracted since 1950. Comparing that amount to the more than 700 million metric tons of copper that have been pulled from the ground provides an idea of how precious a resource gold truly is.

Keep reading...Show less
Physical gold bar and gold Maple Leaf coin with small gold nuggets on top.

A Guide to Investing in Physical Gold (Updated 2024)

Gold is known as an attractive safe-haven investment and has been used to store wealth during volatile times through history.

It has interesting currency-like tendencies, and retains its purchasing power better than paper currencies.

For that reason, gold market analysts typically recommend that investors build a diversified portfolio with a portion of their wealth in gold bullion. Here the Investing News Network explains what's involved in building and managing a physical gold portfolio.

Keep reading...Show less

Latest Press Releases

Related News

×