TDG GOLD Corp. Intercepts 50.17 G/T GOLD and 4871 G/T Silver 700 Metres South of Historical Workings at Shasta, Toodoggone District, B.c.
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TDG Gold Corp.
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TDG GOLD CORP. INTERCEPTS 50.17 G/T GOLD AND 4871 G/T SILVER 700 METRES SOUTH OF
HISTORICAL WORKINGS AT SHASTA, TOODOGGONE DISTRICT, B.C.
White Rock, British Columbia, February 07, 2022. TDG Gold Corp. (TSXV: TDG) (the “Company” or
“TDG”) is pleased to report bonanza grade gold ( “Au”) and silver (“ Ag”) intercepted in the Cayley -
Rainier Target Zone (“CR”) (Figure 1) located approximately 700 metres (“m”) south of the historical JM
Pit at TDG’s former producing Shasta project in the Toodoggone District, B.C.
Diamond drillhole SH21-022 intercepted:
50.17 grams per tonne (“g/t”) Au and 4871 g/t Ag over 1.5 m
This assay result is included within a broader interval of 16.2 m grading 7 .22 g/t and 817 g/t Ag [17.42
g/t AuEq*] starting at a downhole depth of 100.3 m. Other key intercepts in the 2021 drilling within the
CR Target Zone are summarised in Table 1 and an oblique cross section is provided in Figure 2.
Assay results were received from SGS Labs Canada (“SGS”). Internal QA/QC review by TDG, working with
Moose Mountain Technical Services (“ MMTS”), is ongoing and therefore results are still considered
preliminary.
Fletcher Morgan, TDG’s CEO, commented: “ The Cayley-Rainier Target Zone is located at the southern
extremity of the known mineralization at TDG’s Shasta project. Cayley-Rainier is one of multiple target
zones at Shasta that were under-explored historically and is the only outlying zone that we drill tested in
2021. To hit bonanza grade gold and silver in our first drill campaign is a testament to the hard work of
our Senior Geologist Steve n Kramar and the team from Moose Mountain Technical Service s. We’re
excited to resume drilling this coming field season and to explore for further extensions to the known
mineralization at Shasta.”
Image 1. Shasta drillhole SH21-022; mineralization encountered grading 50.17 g/t Au and 4871 g/t Ag over 1.5 m
from 113.5 m to 115.0 m depth.
The drillholes encountering the high grade mineralization are within a package of volcanic dominantly
crystal, subordinately ash tuffs, with increasing quartz/carbonate vein density app roaching the high
grade intercepts, where multi-generation vein density increases and complete hydrothermal brecciation
occurs. Mineralization is quartz/carbonate veins and veinlets carrying visible sulphides of pyrite, and
appreciable acanthite (silvery v eins, centre of Image 1), bismuth and a bright, white -brassy mineral in
irregular quartz veins, i.e. visible gold (centre of Image 1, adjacent to yellow asterisks on core, but
difficult to see without magnification).
The CR Target Zone is approximately 70 0 m south of the historical JM Pit and 500 m south from closest
small-scale underground historical workings in the JM Zone. The area between the mine workings and
the Cayley-Rainier drill targets for 2021 was under- explored historically. TDG’s current inte rpretation is
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that the JM controlling structure changes orientation into the CR Target Zone. Historical drilling
attempting to ‘close the gap’ only assayed core that had potential for higher grades and, as a result, the
area has remained relatively poorly understood. Historical drill holes intersected significant
mineralization including 8.2 m of 4.72 g/t Au and 19 g/t Ag in hole SH10 -05, including 1.0 m of 23.23 g/t
Au and 53 g/t Ag. See Table 2 for a summary of historical drill results. Continuity across drillholes and
over the CR Target Zone was never established.
TDG’s 2021 drill program in the C R Target Zone consisted of 10 diamond drillholes all drilled within the
Permitted Mine Area at Shas ta which were designed to validate historical grades and test the potential
to expand the high grade intercepts encountered historically. In addition to the bonanza grade gold and
silver encountered in drillhole SH21 -022, other 2021 drillholes encountered similar high grade
mineralization as historical intercepts (see Table 2) and expanded the footprint from 10 m of potential
strike (from hole SH10 -04 to SH10 -05) to 50 m of potential strike (from SH10 -04 in the south to SH21 -
022 in the north). This initial drill test has identified a near- surface, sub-vertical west dipping potential
extension of the JM Zone 500 m south of the furthest extent of the previous small-scale underground
workings.
Figure 1. Plan view of the Cayley-Rainier Zone.
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TDG Gold Corp.
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In 2021, TDG completed a high -resolution ground based magnetic survey at Shasta. Follow up work in
2022 is warranted and will include testing further south of the CR Target Zone along the same
geophysical magnetic low signature that hosts much of the Shasta high grade mineralization. And also to
strategically ‘fill the gap’ between the CR Target Zone and JM Zone with targeted infill holes, now
knowing the orientation of the high grade ‘pod’ of gold-silver mineralization.
All 2021 drill holes were HQ sized drill core s. Particulars for drill holes (location, depth, etc. ) are
presented in Table 3.
Table 1. Significant Results from the 2021 Drilling in the Cayley-Rainier Target Zone.
Drillhole From To Length Au Ag AuEq*
(m) (m) (m) (g/t) (g/t) (g/t)
SH21-009 97.0 97.5 0.5 1.27 9 1.38
and 100.5 103.0 2.5 0.53 11 0.67
and 122.0 122.5 0.5 2.43 15 2.62
SH21-010 10.0 17.3 7.3 0.61 9 0.72
and 28.0 30.5 2.5 1.93 313 5.84
and 80.0 80.5 0.5 3.75 276 7.20
and 82.5 83.0 0.5 1.79 38 2.27
and 90.5 91.0 0.5 1.49 53 2.15
and 94.0 94.5 0.5 1.01 80 2.01
and 140.0 141.0 1.0 1.44 91 2.57
SH21-011 15.5 20.1 4.6 0.36 7 0.44
SH21-012 53.2 56.2 3.0 1.38 48 1.98
SH21-014 56.5 58.0 1.5 0.65 38 1.13
SH21-015 22.9 29.0 6.1 6.76 5 6.82
and 92.1 93.5 1.4 5.78 208 8.38
and 98.9 101.9 3.0 0.89 63 1.68
SH21-018 35.5 37.0 1.5 0.37 0 0.38
and 152.4 153.3 0.9 0.01 46 0.58
SH21-020 132.5 134.0 1.5 0.19 47 0.78
SH21-022 15.1 16.5 1.4 4.42 193 6.83
and 36.5 41.0 4.5 0.69 10 0.82
and 100.3 116.5 16.2 7.22 817 17.42
incl. 102.0 103.5 1.5 10.16 2035 35.60
113.5 115.0 1.5 50.17 4871 111.06
SH21-024 25.9 27.4 1.5 0.66 51 1.29
*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 > 90 %.
***Calculated composites are truncated to significant 2 digits for Au/AuEq and the nearest whole number for Ag.
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Table 2. Significant Historical Results from the CR Target Zone.
Drillhole % From To Length Au Ag AuEq**
Assayed* (m) (m) (m) (g/t) (g/t) (g/t)
SH10-02 15 N/A N/A N/A N/A N/A N/A
SH10-03 37 32.3 33.3 1.0 1.20 105 2.51
SH10-04 40 29.0 29.3 0.3 17.00 39 17.48
and 33.0 37.7 4.7 0.96 52 1.60
SH10-05 42 40.0 48.2 8.2 4.72 19 4.96
incl. 40.0 41.0 1.0 23.23 53 23.89
and 50.0 54.3 4.3 0.54 15 0.73
SH10-06 31 42.5 50.2 7.7 1.09 38 1.57
incl. 44.5 46.9 2.4 2.99 103 4.27
SH10-07 72 N/A N/A N/A N/A N/A N/A
SH10-08 7 148.9 150.4 1.5 0.27 7 0.36
SH90-16 51 25.0 25.5 0.5 3.85 266 7.18
and 33.0 33.5 0.5 1.17 6 1.25
and 37.0 39.5 2.5 4.14 24 4.44
and 75.5 76.5 1.0 0.46 23 0.75
and 115.0 116.0 1.0 4.49 137 6.20
and 118.0 118.5 0.5 1.91 80 2.91
and 131.0 133.8 2.8 0.81 41 1.32
and 165.0 166.5 1.5 0.47 23 0.76
SH83-01 97 9.4 11.0 1.6 1.35 25 1.7
and 19.1 24.5 5.4 0.46 7 0.5
and 30.8 43.0 12.2 0.56 10 0.7
and 57.3 62.2 4.9 1.37 93 2.5
and 68.9 82.3 13.4 0.51 24 0.8
SH83-02 96 61.4 69.6 8.2 0.23 15 0.42
SH83-04 31 N/A N/A N/A N/A N/A N/A
* "% Assayed" is the assayed portion of the drillhole in the historical database compared to total length
*** Intervals are core-length weighted. True width from historical core is unknown.
****Calculated composites are truncated to significant 2 digits for Au/AuEq and the nearest whole number for Ag.
Table 3. 2021 Drillhole Particulars.
HOLE UTME
(NAD83)
UTMN
(NAD83) Azimuth(°) Dip(°) Final Depth
(m)
SH21-009 621,260 6,346,783 270 -45 136
SH21-010 621,230 6,346,820 240 -50 167
SH21-011 621,230 6,346,820 240 -70 179
SH21-012 621,211 6,346,783 270 -50 126
SH21-014 621,200 6,346,780 240 -70 127
SH21-015 621,252 6,346,821 240 -45 197
SH21-018 621,305 6,346,780 270 -50 148
SH21-020 621,305 6,346,780 270 -70 145
SH21-022 621,229 6,346,843 240 -52 142
SH21-024 621,229 6,346,843 000 -90 152
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Figure 2. Oblique Cross Section of CR Target Zone.
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 4, where information about methodology can be found on the SGS
Canada Website, in the analytical guide (here).
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Table 4. Au and Ag Analytical Methods.
Drillhole Prep Method Au Method Ag Method Au-Overlimit Method Ag-Overlimit
SH21-009 PRP89 GO_FAI50V10 GE_IMS40Q12 N/A N/A
SH21-010 PRP89 GO_FAI50V10 GE_IMS40Q12 N/A GO_ICP42Q100
SH21-011 PRP89 GO_FAI50V10 GE_IMS40Q12 N/A N/A
SH21-012 PRP89 GO_FAI50V10 GE_IMS40Q12 N/A N/A
SH21-014 PRP89 GO_FAI50V10 GE_IMS40Q12 N/A N/A
SH21-015 PRP89 GO_FAI50V10 GE_IMS40Q12 N/A GO_FAG37V
SH21-018 PRP89 GO_FAI50V10 GE_IMS40Q12 N/A N/A
SH21-020 PRP89 GO_FAI50V10 GE_IMS40Q12 N/A N/A
SH21-022 PRP89 GO_FAI50V10 GE_IMS40Q12 N/A GO_FAG37V
SH21-024 PRP89 GO_FAI50V10 GE_IMS40Q12 N/A N/A
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 sam ples 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 infor mation
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 agreeme nt. 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 pr ojects 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.
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TDG Gold Corp.
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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
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similar words or statements that certain events or conditions “may” or “will” occur. Such forward-looking
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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; possibl e 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
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performance and accordingly undue reliance should not be put on such statements due to the inherent
uncertainty therein.