TDG GOLD Corp. Expands the Cody Lee Zone at Greater Shasta-Newberry, Toodoggone
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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 THE CODY LEE ZONE AT GREATER SHASTA-NEWBERRY, TOODOGGONE
White Rock, British Columbia, April 03, 2023. TDG Gold Corp. (TSXV: TDG) (the “Company” or “TDG”) is
pleased to report expansion of the Cody Lee1 Zone by +200 % from that previously reported (news release
January 25, 2023 ). TDG has identified two mineralized targets within the Cody Lee 1 Zone based on the
analysis of seven historical2,3 diamond NQ drillholes totalling ~800 metres (“m”) from 1989 (Figure 1).
Highlights from the historical2,3 drilling in the Cody Lee Zone include SH89-34 which intercepted 23.6 m of
2.53 grams per tonne (“g/t”) gold (“Au”) and 34 g/t silver (“Ag”) from 27.9 m depth (Table 1).
The Cody Lee1 Zone is one of five higher priority exploration target zones 1 located within TDG’s Greater
Shasta-Newberry project1. The expansion of the Cody Lee 1 Zone brings its boundary to within 250 m of
the Shasta deposit and increases the opportunity to connect these zones through further systematic,
scientific exploration (Figure 2).
Steven Kramar, TDG’s VP Exploration, commented: “We hope to see ‘rediscoveries’ such as the two
mineralized targets we’ve now identified within the Cody Lee Zone as we continue to recompile the large
amount of historical data and information avai lable for Greater Shasta- Newberry. The Cody Lee Zone is
open along strike of the gold-in soil anomaly, which anomaly also coincides with the results of our broader
VLF EM and ground magnetic studies completed in 2022.
The historical drill cores from th ese and other similar vintage drillholes are potentially stored in the core
field at Shasta. Laboratory assays indicate only ~50% of these drill cores (by length) were analyzed
historically. If the historical core can be recovered, it could be relogged and analyzed which may help
identify additional mineralization through assaying all the available core 5. Modern HQ diamond drilling
(larger diameter than historical size) at Shasta has typically delivered up to +15% grade increase in gold
versus historical as say results, meaning that the historical information we’ve recompiled may
underestimate the potential of these targets.”
Figure 1 – Cody Lee Zone Schematic Cross Section showing mineralized exploration target areas.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
Figure 2 – Cody Lee1 Zone illustrating expansion in size and relation to Greater Shasta-Newberry
Exploration Target Zones.
Table 1 – Historical2,3 Drill Composite Results from the Cody Lee1 Zone.
Hole From To Length Au Ag AuEq4
(m) (m) (m) (g/t) (g/t) (g/t)
SH89-31 26.5 27.6 1.1 1.03 1 1.04
SH89-32 50.3 62.9 12.6 1.64 5 1.70
incl. 53.6 55.6 2.0 9.31 13 9.47
and 81.6 86.8 5.2 0.20 5 0.25
and 92.3 98.7 6.4 0.69 2 0.72
SH89-33 No Significant Results
SH89-34 27.9 51.5 23.6 2.53 34 2.95
incl. 27.9 45.0 17.1 3.37 45 3.93
incl. 36.7 45.0 8.3 6.17 78 7.15
incl. 43.5 44.0 0.5 91.50 595 98.94
SH89-59 32.9 37.1 4.2 0.36 2 0.39
and 49.7 56.5 6.8 0.19 1 0.20
SH89-60 18.5 28.1 9.6 0.36 7 0.44
SH89-61 59.5 67.5 8.0 0.23 7 0.32
SH89-62 48.3 67.2 18.9 0.31 5 0.37
*Intervals are core-length weighted. True width and recovery are unknown.
**Composite results were built using a 0.1 g/t AuEq cut-off, although there may be intervals within the composite below 0.1 g/t AuEq.
***Calculated composites are truncated to significant 2 digits for Au/AuEq and the nearest whole number for Ag.
****In cases where assay data was missing from historical records, concentrations were assigned a 0.00 value.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
Ongoing recompilation and modeling work from historical drill data, in combination with results from
geophysical analyses conducted by TDG in 2022, indicates two parallel mineralized zones (Figure 3) which
interpretation was confirmed by surface observations by TDG in 2022, exist within the Cody Lee 1 Zone
(Figure 1) and may extend further than previously drill tested and is open down dip, at depth.
Figure 3 – Cody Lee1 Zone illustrating expansion in size and mineralized targets.
The Cody Lee1 Zone is supported by: i) surficial geochemical sampling2,3 in a > 100 parts per billion (“ppb”)
Au in soil anomalous zone, ii) airborne magnetic susceptibility in a corridor that mimics the signature of
the Shasta main deposit, iii) ground very low frequency (“VLF”) electromagnetic survey results in a
corridor coincident with magnetic susceptibility with two large broad well-defined conductors, iv) ground
geological mapping where sampling and prospecting identified outcroppings of altered, veined volcanic
rocks which select grab samples assayed below detection to 1.45 g/t Au and 0.34 – 79 g/t Ag, respectively
and, v) geological interpretation of the intersection of northwest structures with northeast structures.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
This data has led to the redefinition of the Cody Lee1 Zone with +200 % expansion of the exploration target
area from its original interpreted size (see TDG News Release January 25, 2023). TDG has also replanned
its 2023 field program work at the Cody Lee1 Zone from previously reported (see TDG News Release March
20, 2023) including re-targeting of proposed HQ, oriented core diamond drillholes.
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.
1Mineral Exploration/Exploration Target Area(s): TDG is a mineral exploration focused company and the Company’s Projects are in the
mineral exploration stage only. The degree of risk increases substantially where an issuer’s properties are in the mineral ex ploration
stage as opposed to the development or operational stage. Exploration Targets and/or Exploration zones are speculative and there is no
certainty that any future work or evaluation will lead to the definition of a mineral resource.
2Historical Data: This news release includes historical information that has been reviewed by TDG’s qualified person (QP). TDG’s review of
the historical records and information reasonably substantiate the validity of the information presented in this news release; however,
TDG cannot directly verify the accuracy of the historical data, including (but not limited to) the procedures used for sample collection and
analysis. Therefore, any conclusions or interpretations borne from use of this data should be considered too speculative to suggest that
additional exploration will result in mineral resource delineation. TDG encourages readers to exercise appropriate caution when evaluating
these data and/or results.
3Historic Drill Core Sampling & Assay Methodology : Historical core was geologically logged with lithologies identified and notable
geological features recorded. Historical core was cut in half (and in rare cases sawn in half) along sample intervals (lithology and
mineralization dependant) generally less than 3 m. Chemical analysis was performed dominantly for precious metal analysis (Au, and Ag),
and infrequently for base metals (Pb, Zn, Cu), and rarely for major elements and trace elements. Historically, different comm ercial
laboratories were utilized in addition to an assay lab at Baker Mine Site. These lab facilities may or may not have had accreditation and in
all cases accreditation (if applicable) pre-dated current ISO standards. Over that period, a variety of digestion and assay methods were
used, including atomic absorption, fire assay atomic absorption, aqua regia atomic absorption and aqua regia ICP with varying detection
limits. Reference materials (if any) were inserted at the analytical level and thus were unblind to the facility processing the samples.
4Gold Equivalent (AuEq): Gold Equivalent (AuEq) is used for illustrative purposes, to express the combined value of Au and Ag as a
percentage of Au on an in situ basis. Calculations are uncut and recovery is assumed to be 90% for each metal with an Au price of
US$1,800/oz and an Ag price of US$22.50/oz (based on trends over the past approximately three years), giving an 80:1 silver to gold ratio
for AuEq calculation purposes. Actual prices and recoveries (following metallurgical test work) may differ from these assumptions, which
would change the ratio.
5Unassayed Historical Drill Core: Historical drill core intersections, lengths or intervals referenced for re-assay or geological analysis may
not be available or suitable for sampling. Historical drill cores were inherited with the project and TDG provides no guarant ees or
warranties that these drill cores are part of the historical inventory, are available and/or have not degraded to a state that would render
them wholly unusable for the purposes of scientific investigation. TDG provides no warranties/guarantees that these historica l un-
assayed drill cores host precious or base metal mineralization.
The Cody Lee Zone was named with the kind permission of the family in honour and remembrance for Cody Lee who
passed away on October 05, 2021.
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, Mets and Baker 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, over 13,000 m of modern HQ drill testing of the known mineralization occurrences
and their potential extensions. In May 2022, an initial Mineral Resource Estimate was published for Shasta
(see TDG news release May 17, 2022 ). In January 2023, TDG defined a larger exploration target area
adjacent to Shasta (Greater Shasta- Newberry; see TDG news release January 25, 2023 ) with drill-ready
targets where TDG aims to undertake follow-up exploration activity in 2023.
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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 Prov ider (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
“expand/expansion”, “connect”, “show”, “potential”, “project” , “anticipate”, “intend”, “impact”,
“extension”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate”, “identify”, “hope”, “open”, “help”,
“deliver”, “underestimate” and variations of these words as well as other similar words or statements that
certain events or conditions “could”, “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 and planned
exploration activities; the impact of 2022 drilling and re-assaying of 2021 drill core on the mineral resource
estimates; the results of planned geophysical and geochemical studies, as well as re -logging of historical
core; conclusions of future economic evaluations; changes in project parameters as plans to continue to
be refined; possible variations in grades of m ineralization and/or future actual recovery rates; accidents,
labour disputes and other risks of the mining industry; the availability of sufficient funding on terms
acceptable to the company to complete the planned work programs; delays in obtaining gover nmental
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.