TDG GOLD Corp. Completes 2022 Shasta and Oxide PEAK Drill Programs
TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
TDG GOLD CORP. COMPLETES 2022 SHASTA AND OXIDE PEAK DRILL PROGRAMS
White Rock, British Columbia, November 02, 2022 - TDG Gold Corp - (TSXV: TDG) (the “Company” or
“TDG”) is pleased to announce the completion of its 2022 Exploration Program at its Toodoggone projects
which included Phase II diamond drilling at its former producing, mineral resource stage gold-silver Shasta
Mine. TDG has also completed the required drilling at its Oxide Peak earn-in stage property located
adjacent to the north of TDG’s former producing gold-silver Baker Mine.
Highlights within this news release include:
• Phase II drill program completed at Shasta consisting of 5,034 metres (“m”) of oriented HQ
diamond drilling in a total of 21 drillholes (Figure 1). Core from all drillholes has been submitted
to an ISO certified laboratory (ALS Labs, Kamloops) for precious metal and multi -element assay,
with preliminary results expected fro m early November. Final assay results are expected before
the end of February 2023.
• Drilling at Shasta encountered expected geological rock types and alteration assemblages based
on the current resource model developed for Shasta by Moose Mountain Technical Services
(“MMTS”):
o Drillhole SH22-071b was drilled in the northern portion of the Creek Zone, to test the
potential extension of the northerly plunge to the Shasta ore body and encountered
strong alteration from the expected downhole depth that appears in core and appears to
continue much deeper than anticipated (Image 1).
o Drillhole SH22-069 was drilled to test the potential eastern extension of the JM Zone at
Shasta to the east and at depth. The drillhole encountered strongly veined and brecciated
alteration from 140 m downhole depth with textures and visible acanthite characteristic
of mineralization seen in the Cayley -Rainier Zone located ~400 m to the sou th of Shasta
(Image 2).
• TDG has collected over 850 soil samples across the Shasta Mine Complex aimed at validating and
filling in gaps from historical soil sampling programs for which TDG has recompiled the data. All
soil samples have been submitted to an ISO certified laboratory (SGS Labs, Burnaby – “SGS”) for
precious metal and multi-element assay, with preliminary results expected in early January.
• 1,021 m of oriented HQ diamond drilling completed at Oxide Peak as of October 1 6, 2022, in 2
drillholes. Core from the drillholes has been submitted to SGS for precious metal and multi-
element assay, with preliminary results expected in early January. The Oxide Peak drilling took
much longer than expected due to highly altered and faulted rock encountered in both drillholes
from surface to ~ 300 m. Both drillholes ended in visible sulphide mineralization.
• TDG is in the process of setting up a core storage facility at Prince George to enable technical
analysis to continue over winter – including next stage metallurgical analysis . Baker Camp has
been winterized for the season.
Fletcher Morgan, TDG’s CEO, commented: “We’re looking forward to our receiving our 2022 drill results.
In the interim, t hank you to Steven Kramar (our VP Exploration), Chris Dail (our lead geologist), Ken Foy
(our Mine Manager ) and our technical and operations team s for the safe, successful completion of our
2022 exploration program across our Toodoggone projects . My special thanks also to Christy Smith (our
VP Sustainability) , her team at Falkirk, and our partners from the First Nations and local communit y
businesses for their planning, service delivery and support throughout the 2022 field season.”
TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
Figure 1. 2022 Diamond Drilling at Shasta; including holes SH22-071b & SH22-069 - discussed below.
TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
NORTH CREEK ZONE (SH22-071b)
SH22-071b was designed to test the portion of the Shasta body of mineralization as it plunges towards
the north (Figure 1). SH22-071b intersected at ~224 m depth strong potassic alteration and pervasive
silicification, in addition to an abrupt increase in multi generational intense quartz and carbonate veining
to massive quartz veining, and complete hydrothermal brecciation (Image 1a). This style and intensity of
alteration persisted, with localized zones of complete vein breccia with intense potassic and silicious
alteration to complete hydrothermal brecciation , 261.27 – 262.24 m ( Image 1b) and 277.5 – 278.3 m
(Image 1c). While the depth to intersection of the intense alteration was later than the model predicted
depth (~180 m) the intensity and vein brecciation persisted much longer than model predicted (edge of
the model) and in geological terms, open at the bottom of the hole (assays pending).
Alteration intensity and nature persisted to the end of hole depth at 312 m. This drillhole. Assays are
pending and the drillhole casing was protected for potential drillhole extension in 2023.
Image 1. SH22-071b; a. 224.1-227.42 m demonstrating the approximate start of the intersection of strong
pervasive silicification and potassic alteration, b. 259.29 – 262.42 m presenting strong localized intervals
of complete hydrothermal brecciation, c. 275.2 – 278.4 m presenting strong pervasive potassic and silicious
alteration continuous from the first intersection and another example of local intense -hydrothermally
brecciated veining.
TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
SHASTA JM EXTENSION (SH22-069 and SH22-068)
SH22-069 and its sister drillhole SH22 -068 were drilled on the JM side of the Shasta deposit ( Figure 1).
These drillholes were designed to test continuity of mineralization adjacent, east, and underneath the
historical small-scale mine workings; and to follow up on favourable 2021 results (see TDG news release
April 26, 2022 – link).
SH22-069 intersected volcaniclastic rocks over a broad interval (approximately 100 m) with moderate to
strong pervasive silicification, potassium feldspar alteration with high frequency/density of quartz-
carbonate veining to complete veining and/or hydrothermal brecciation. Compared to the
geological/resource model, depths and widths of alteration/mineralization were anticipated, and assay
results to confirm continuity and grade are pending.
Image 2. SH22-069; an example of intense quartz -carbonate veining and/or hydrothermal breccia
comprised of a quartz, carbonate and chlorite matrix, pervasively silica altered, with angular to sub
angular potassic altered clasts, intersected a. 63.6 – 70.3 m b. 101.5-108.0 m
TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
OXIDE PEAK (OP22-001/002)
On September 08, 2022, TDG commenced drilling on its Oxide Peak earn-in project (“Oxide Peak”), in the
Oxide Creek Target #1 (see TDG news release April 13, 2022 – link). This target was generated by a follow
up from a 2020 Induced Polarization (“IP”) survey which delimited a chargeability high anomaly that
suggested to persist at depth, with coincident magnetic anomaly defined by a 2020 airborne geophysics
survey, which may suggest intrusive rocks. In addition, the geology suggests a multi-phase intrusion cross
cut by monzonite porphyry dykes, Quartz-Sericite-Pyrite (“QSP”) alteration along exposures, coincident soil
geochemistry anomaly and visual iron-oxide gossan zone. This made an intriguing target for drill testing in
2022.
TDG drilled two HQ sized diamond drill holes (reduced to NQ size, at depth) into the target, totaling 1,021
m of drilling. The drillholes were drilled at -45° and -60° to provide added dimensionality to understand the
attitude of the structures and intrusive contacts. Both drillholes intersected strongly broken, altered
volcanic rocks with a sulphide assemblage of pyrite, chalco cite, containing appreciable magnetite at the
top of the hole, persisting to a depth of approximately 120 m. The remaining drillhole length can be
summarized by felsic to intermediate volcanic rocks, intruded by a coarse grained plagioclase -biotite
porphyritic dyke(s) containing pyrite/magnetite. The volcanic rocks nearest the bottom of the hole
displayed slight to moderate QSP alteration, with appreciable pyrite.
Drilling of 1,021 m was completed on October 13, 2022, and drill cores have been sent to an ISO certified
lab (SGS Canada, Burnaby) for precious metal, base metal and exploration grade multi -element
geochemical analysis. TDG patiently awaits assays to aid with vectoring and targeting for 2023.
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 information 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 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. In
May 2022, TDG published an initial NI 43 -101 Mineral Resource Estimate for Shasta. For the 2022 field
season, TDG is prioritizing drilling the known mineralization around Shasta. TDG currently has 96,343,142
common shares issued and outstanding.
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]
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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”,
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looking statements. Such factors include, among others: the actual res ults 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
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