TDG GOLD Corp. Expands Greater Shasta Exploration Target Area to 5.5 Square Kilometres
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
TDG GOLD CORP. EXPANDS GREATER SHASTA EXPLORATION TARGET AREA TO 5.5 SQUARE KILOMETRES
White Rock, British Columbia, January 17, 2023 - TDG Gold Corp - (TSXV: TDG) (the “Company” or “TDG”)
is pleased to announce the expansion of the exploration target area at Greater Shasta to 5.5 square
kilometres (“sq.km”). Fieldwork completed by TDG in 20 22 has identified a large gold in soil anomaly
coincident with geophysical anomalies adjacent to the Shasta deposit which covers a much larger area
than the 1.2 sq.km exploration target area originally reported by TDG in 2021 (link). TDG applied the same
scientific methods used by Newmont Corporation in 1984 to discover the Shasta deposit. The anomaly
may also continue a further 1.5 km to the north-northwest to the Newberry target - also discovered by
Newmont in 1984; and may also continue 1.5 km to the south-southeast beyond Shasta South (Figure 1).
Figure 1 – “Greater Shasta” Historical Au in Soil Anomalous Trends.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
Preliminary results from soil assays include samples containing up to 1.72 grams per tonne (“g/t”) gold
(“Au”) coincident with geophysical anomalies and covering a broad area approximately 4.5 times bigger
than currently drill tested. The soil anom aly is supported by geophysical anomalies identified by a
combination of ground magnetics and Very Low Frequency (“VLF”) surveying completed by TDG and which
also correlates with historical information recompiled by TDG - including data and information from the
original discovery work undertaken by Newmont (Figure 2).
Figure 2 – Greater Shasta > 100 ppb Gold In Soil Anomaly Extends Over 5.5 sq.km.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
Greater Shasta
Fieldwork was undertaken by TDG in 2022 on Shasta East, Shasta South and Shasta North. The grassroots
component of fieldwork completed in August -September 2022 consisted of soil sampling, a ground
magnetic and VLF geophysical survey and airborne hyperspectral capture. This fieldwork, in combination
with historical information recompiled from multiple sources, has led to a new interpretation of a larger
exploration opportunity and which incorporates the Shasta main deposit and all previously identified
target zones into a much larger exploration target area: Greater Shasta. Within Greater Shasta, TDG has
identified two higher priority zones for follow up work in 2023: the Cody Lee Zone and the Fisher Zone.
TDG has also extended historical information recompilation work beyond Greater Shasta to include
Newberry located 1.5 km to the north -northwest of Greater Shasta, and to other targets towards the
TDG’s Baker project located approximately 7.5 km to the northwest.
Summary of Historical Work
The earliest geochemical soil surveys consist of soil grids completed by Shasta Mines and Oil, Ltd.,
Newmont Exploration and other previous operators, in the Greater Shasta area. These surveys were
generations of smaller surveys that often were restricted to claim boundaries before the Baker -Shasta
mineral tenures were amalgamated. While the previous work by previous operators was methodical and
of a high standard, the original data has not all been fully recovered or is all usable. Data recovered from
Newmont work outlines areas Newmont determined to be anomalous in gold Au in soil (> 100 parts per
billion “ ppb”). A number of large Au in soil anomalies and extensive VLF EM -16R ground geophysical
apparent resistivity and Electromagnetic (“EM”) surveys were completed and led to scout drilling in several
areas. Two dominant Au in soil trends are identified : i) towards Newberry in the nort h-northwest and
towards Shasta South in the south-southeast; and, ii) one east-northeast intersecting the first trend in the
centre of the Cody Lee Zone. These trends have strike length of approximately 3.5 km and 1.9 km,
respectively, and have a significant component of strike length that remains undrilled. In addition, many
large ovoid anomalies defined by these early surveys remain undrilled (Figures 1 and 2).
2022 Exploration Geochemistry (Soil Sampling)
TDG advanced the geochemical survey database in 2022 by collecting 880 new soil samples taken with
modern GPS coordinates to better define and delineate anomalous soil trends and areas. This work has
confirmed the pronounced north-northwest linear trend approximately 950 m long by 60-110 m wide Au
in soil anomaly greater than 100 ppb with concentrations ranging from 59 ppb to 1.2 g/t Au in soil (Figure
2). This well-defined corridor of Au in soil anomaly appears to confirm and connect along strike to the
Newberry Target, and remains open to the south-southeast, towards Shasta South (Figure 1).
Summary of Preliminary Results
A large +1 km long, linear east-northeast striking soil anomaly is present east of the Shasta deposit. At its
eastern extremity it corresponds to a large area of exposed hydrothermal breccias and argillic alteration,
extensive stockwork quartz , calcite veining and gossanous soils. The soil anomaly, defined by samples
generally averaging > 100 ppb Au and ranging from 20-1,520 ppb Au, is approximately 100 m wide. On its
west-southwest extremity, the feature merges with and intersects the linear soil and geophysical features
associated with the Cody Lee and Fisher Zones making a broad 850 m to 1000 m diameter ovoid anomaly
> 100 ppb Au. The north side of the anomalous soils abuts up against alluvial valley fill and glacial deposits
and was not sampled , but data was interpreted from the Newmont work. There have been very few
drillholes within this larger feature . The drilling that did occur intersected Au and silver (“Ag”)
mineralization (shown in Figures). This feature is larger than the original soil feature that defined the
Shasta deposit and is a compelling target area given the geophysical and geochemical support (Figure 2).
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
The Cody Lee Target Zone corresponds with several linear ground and airborne geophysical features. The
prospect lies along a steep magnetic gradient and within a magnetic low which also corresponds to a zone
of low magnetic susceptibility in the host intermediate volcanic and epi clastic rocks. Unmineralized
lithologies in the immediate vicinity contain significant amounts of disseminated magnetite whereas
exposed outcrops in this zone do not ; however, they do contain sul phides and extensive carbonate +
potassium feldspar + quartz veining suggesting magnetite destruction and sulphidation during
hydrothermal alteration. These magnetic features and the prospect are coincident with a linear conductive
feature interpreted from the Fraser Filtered VLF surveys and suggest the presence of a +3.5 km long fault
system extending to the north-northwest and south-southeast from the Shasta Deposit where only limited
drilling has been completed by previous operators (Figure 3; and TDG News Release October 17, 2022).
Figure 3 – Cody Lee Target Zone.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
The Fisher Target Zone consists of a linear 950 m long x 100 m wide Au and Ag in soil anomaly that is
open to the north-northwest and to the south-southeast. It corresponds with several linear ground and
airborne geophysical features. The target zone lies along a steep magnetic gradient and corresponds to a
zone of low magnetic susceptibility in the host intermediate volcanic and epiclastic rocks. Extensive
carbonate + potassium feldspar + quartz veining is reported in this area and observed in frost boils, old
roadcuts and felsenmeer. These magnetic features and the prospect are coincident with a linear
conductive feature interpreted from the Fraser Filtered VLF surveys and suggest the presence of a multi-
km long fault system extending to the north -northwest and south -southeast from the Shasta Deposit
where only limited drilling has been completed by previous operators (See Table 1 of TDG News Release
October 17, 2022). It is along strike from the Newberry prospect which is located approximately 2 km to
the north-northwest (Figure 4).
Figure 4 – Fisher Target Zone.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
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 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 presen ted
in this news release; howe ver, 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 addi tional 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. The projects have been
advanced through compilation of historical data, new geological m apping, geochemical and geophysical
surveys, and at Shasta, drill testing of the known mineralization occurrences and 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.
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”, “estimate”, “targets”, “prospective”, “opportunities”, ”potential” 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.