TDG GOLD Corp. Announces Exploration Target Range FOR Mets Mining Lease
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
TDG GOLD CORP. ANNOUNCES EXPLORATION TARGET RANGE FOR METS MINING LEASE
White Rock, British Columbia, December 21, 202 2. TDG Gold Corp (TSXV: TDG) (the “Company” or
“TDG”) is pleased to present the Exploration Target Range (“ETR”) for the Mets mining lease in the
Toodoggone District of north-central British Columbia. Mets is located approximately 23 kilometres
(“km”) northwest of TDG’s former producing Baker mine and mill which is road accessible via TDG’s Baker
mine road and the newly constructed bridge over the Toodoggone River (Figure 1). The Mets mining lease
was recently renewed for a term of 30 years with support of First Nations and local communities.
The ETR size ranges from 593,000 ounces gold (“Au”) contained in 1.29 million tonnes (“Mt”) at 14.29
grams per tonne (“g/t”) gold (“Au”) using a 3.00 g/t cut off grade (“COG”) to 642,000 oz Au contained
in 1.07 Mt at 18.59 g/t Au using a 5.00 g/t COG (Table 1).
Figure 1 – Location of the Mets Lease & Access Road through Baker Mine in the Toodoggone District.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
On November 01, 2022, TDG recovered the complete data and information archive of the exploration and
development work at Mets between 1986 -92, including original laboratory assay certificates,
underground development schematics, historical ore reserve calculations and mine development
progress reports. O ver 350 metres (“m”) of underground development took place at Mets in 1992,
including a portal and decline to the historically defined mineralized horizon contained within the A-Zone.
However, no extraction or processing is recorded to have taken place. This information and the results of
more recent geophysical studies form the basis of the ETR within this news release.
Table 1 – Exploration Target Range* at Mets.
Tonnage: 1.07 – 1.29 Mt
Gold Grade: 14.29 – 18.59 g/t
Metal Content: 593,000 – 642,000 oz
Cut-off Grade: 3.0 – 5.0 g/t
*The Exploration Target Range is based on historical assay data and has not undergone statistical analysis to determine if an appropriate grade capping methodology should be applied
and is thus uncapped for Au concentrations.
Mets is an early-stage exploration project and does not contain any mineral resources as defined by NI
43-101. The potential quantities and grades disclosed herein are conceptual in nature and there has
been insufficient exploration to define a mineral resource for the targets disclosed herein. It is uncertain
if further exploration will result in these targets being delineated as a mineral resource. The Company’s
Qualified Person has not done sufficient work to classify the ETR at Mets as a current mineral reserve
or mineral resource. The Company is not treating the ETR as a current mineral resource and the
exploration target range should not be relied upon.
The process of assessing the Mets ETR uses quantitative and qualitative approach es that integrate
historical drillhole, geological, geophysical, and underground data with reasonable assumptions based on
geological potential and deposit type mode l. Tonnage and grade ranges have been determined by using
the geometry of the potential mineralized horizon defined by historical drilling and downhole assay data
and extrapolated with reasonable geological assumptions based on surficial geological, geochemical and
geophysical data.
The Mets ETR is delineated along a strong magnetic lineament (the Mets Structure) defined by high
resolution ground and airborne geophysical surveys, coincident with surface mineralization, alteration
and geological mapping. These coincident features are interpreted to strike the entire length of the Mets
property for approximately 2 ,240 m (Figure 2 ). Approximately 1,195 m of strike length of the Mets
Structure is classified by TDG as ‘higher confidence’ for the purposes of ETR calculation and which ha s
received over 8 ,240 m of historical drilling and 2,600 m of trenching (Figures 3). Historical drilling was
focused on the A-Zone which includes approximately 130 m of strike length that intercepted high grade
gold mineralization and was the focus of pre-mining development work in 1992.
The Mets historical drill database of the A Zone intersections compiled to date comprises approximately
850 m of assayed core of the approximately 2,450 m drilled in 27 diamond drill holes of NQ or BQ size.
Using a 3.00 g/t Au COG, an average intercept length of 5.53 m, was determined at an average grade of
14.29 g/t Au; using a 5.00 g/t COG, average intercept length of 4.60 m at an average grade of 18.59 g/t
Au. In all scenarios, a vertical extent of mineralization was calculated to be approximately 75 m
(topographically adjusted). Approximately 10 % of assay intercepts used in t he analysis imply a nugget
effect in precious metal concentrations. Applying a standard grade capping methodology using 98
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
percentile Au and 99 percentile Ag (50 g/t Au, 10 g/t Ag) would be expected to reduce the overall grade
by approximately 20-30 %.
Steven Kramar, TDG’s Vice President, Exploration commented: “The compilation of the Mets historical
data indicates mineralization correlates well with a strong magnetic NW-SE trending structural lineament.
The opportunity for TDG is therefore to expand upo n the high-grade component of this gold dominated
mineralization. The project is well located and accessible by road and covered by a 30-year mining lease.”
Figure 2 – Mets Exploration Target (Mets Structure) Showing 2,240 m of Potential Strike Length.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
Figure 3 – A Zone Drilling and Development along the Mets Structure ; Potential Strike Length is
Determined to be Approximately 1,195 m.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
The Mets mining lease is underlain by a succession of subaerial volcanic and volcaniclastic rocks ,
stratigraphically termed the “Toodoggone Formation” comprising andesitic and dacitic compositions and
associated epiclastic rocks. The Mets Structure is a quartz -barite breccia that appears to track the
geological contact between tuffaceous dacite (footwall) and potassium porphyritic andesite (hanging wall).
The alteration envelope of the Mets Structure is strong silicification and/or bleaching of the host rocks
proximal to the structure and advanced argillic/propylitic distal halo. Mineralization in the breccia is Au
dominant, Ag subordinate (i.e., high Au/Ag ratio) occurring as free gold grains along margins of quartz
and/or barite grains and trace amounts of electrum, argentite and tetrahedrite.
Data was sourced from historical records recovered by TDG that included collar locations, drill logs and
assay certificates. Analytical work was undertaken by a third -party laboratory and the ETR is based on
results from independent laboratories. A more comprehensive table of significant historical intercepts
from the A-Zone was released on October 19, 2022 (link).
Qualified Person
The technical content of this news release has been reviewed and approved Steven Kramar, MSc., P.Geo.,
Vice President, Exploration for TDG Gold Corp., a qualified person as defined by National Instrument 43-
101.
This news release includes historical inform ation that has been reviewed by the Company’s geological team and
qualified person. 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. There is insufficient exploration on
these prospects to define a mineral resource. It is uncertain if after additional exploration a mineral resource will be
delineated . Therefore, the Company encourages investors to exercise appropriate caution when evaluating these
results.
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 an d 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. The projects have been
advanced through compilation of historical data, new geological mapping, geochemical and geophysical
surveys, and at Shasta, drill testing of the known mineralization occurrences an d their extensions. An
initial NI 43 -101 Mineral Resource Estimate was published for Shasta in May 2022, while additional
extensional and new target areas surrounding the project have been identified and prioritized for future
drill programs.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
ON BEHALF OF THE BOARD
Fletcher Morgan
Chief Executive Officer
For further information contact:
TDG Gold Corp.,
Telephone: +1.604.536.2711
Email: [email protected]
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 o f
economic evaluatio ns; 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 fluctu ations 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 appli cable 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 performanc e and accordingly undue reliance should not be put on such statements due to the inherent
uncertainty therein.