TDG GOLD Corp. Intersects 13.5 Metres of 3.99 G/T GOLD Equivalent from 42.0 Metres Depth IN the Jm Zone, Shasta Project, Toodoggone District, B.c.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
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TDG GOLD CORP. INTERSECTS 13.5 METRES OF 3.99 G/T GOLD EQUIVALENT FROM 42.0 METRES DEPTH
IN THE JM ZONE, SHASTA PROJECT, TOODOGGONE DISTRICT, B.C.
White Rock, British Columbia, April 26, 2022 - TDG Gold Corp. - (TSXV: TDG) (the “Company” or “TDG”)
is pleased to report a 13.5 metre (“m”) drill intercept of 2.55 grams per tonne (“g/t”) gold (“Au”) and
115 g/t silver (“Ag”) [3.99 g/t AuEq*] from 42.0 m depth in hole SH21-043 (Figure 1) located in the JM
Zone contained within a broader interval of 57.2 m of 0.93 g/t Au and 39 g/t Ag [1.41 g/t AuEq*] from
12.0 m depth. Preliminary results from SH21-043 are presented in this news release along with preliminary
results from five other drillholes drilled within the JM and Shasta Zones at TDG’s former producing Shasta
project in the Toodoggone District, B.C. (Figure 1).
DDH SH21-043 intersected: 57.2 m of 0.93 g/t Au and 39 g/t Ag [1.41 g/t AuEq*] from 12.0 m depth;
Including, 13.5 m of 2.55 g/t Au and 115 g/t Ag [3.99 g/t AuEq*] from 42.0 m depth.
Steven Kramar, TDG’s Senior Geologist and B.C. Program Lead , commented: “The six drill holes
included within this news release complete the publication of the preliminary results from all 51
diamond holes drilled by TDG at Shasta in 2021 . Once again, these results demonstrate the
presence of halo -style minerali zation at medium to low er-grade s surrounding the higher -grade
pods which are associated with the structural conduits at Shasta. We continuing to review and
analyze the oriented core to help shape our 2022 program and we look forward to announcing
those plans in due course. ”
Figure 1. Plan View of Drillholes SH21-043, SH21-045, SH21-048, SH21-045B, SH21-050 & SH21-051 in
the JM and Shasta Zones, Shasta Project, Toodoggone District, B.C.
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Key intercepts for diamond drillholes SH21 -043, SH21-045, SH21-048, SH21-045B, SH21-050 and SH21-
051 are presented in Table 1 and shown for all holes in cross-sections except SH21-051 (Figures 2-3).
Table 1. Results from the 2021 Drilling within the JM and Shasta Zones.
Drillhole From To Length Au Ag AuEq*
(m) (m) (m) (g/t) (g/t) (g/t)
SH21-043 12.0 69.2 57.2 0.93 39 1.41
incl 34.5 55.5 21.0 1.86 81 2.87
incl 42.0 55.5 13.5 2.55 115 3.99
SH21-045 7.7 53.0 45.3 0.65 24 0.94
incl 19.8 27.0 7.2 1.27 70 2.15
incl 37.5 53.0 15.5 1.08 30 1.46
SH21-045B 41.7 66.0 24.3 0.80 21 1.07
SH21-048 63.9 66.5 2.6 1.13 4 1.19
138.0 145.5 7.5 1.66 1 1.67
SH21-050 36.0 113.0 77.0 0.39 17 0.61
SH21-051 Nothing Significant to Report
*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 calculate d using 80:1 silver to gold ratio.
Composite results were built using a 0.1 g/t AuEq cut -off, although there are intervals within the composites below 0.1 g/t AuEq.
** Intervals are core-length weighted. True width is estimated between 75 to 95 % of core length, and core recovery is estimated to be > 90 %.
***Calculated composites are truncated to significant 2 digits for Au/AuEq and the nearest whole number for Ag.
Photo 1 presents an example of intense quartz-carbonate veining and hydrothermal breccia comprised of
a quartz, carbonate and chlorite matrix, with angular to sub-angular potassic altered clasts, intersected in
drillhole SH21-043. Intensity of brecciation is correlated to increasing Au and Ag grades (from 42.0 m to
43.5 m; 9.84 g/t Au and 443 g/t Ag; 15.38 g/t AuEq* ). This provides an example of material left in -situ
adjacent to historical small-scale workings (Figure 2).
Photo 1. Mineralization Encountered in Drillhole SH21-043 from 40.6 – 43.5 m; Sample from 42.0 – 43.5
m (1.5 m) Grading 9.84 g/t Au and 443 g/t Ag [15.38 g/t AuEq*].
The set of drillholes SH21 -043, SH21-045 a nd SH21 -048 were designed to confirm historical drilling
adjacent to and underneath the JM open pit and associated underground workings. Drillhole SH21 -043
confirmed that historical high-grade mineralization (Photo 1) was left in-situ, just past the pit bottom, that
was not extracted during underground mining. SH21-045 and SH21-045B both terminated short, hitting
an underground void interpreted to be old mine workings. However, both holes ended in increasing (> 1
g/t) Au mineralization (Figure 2). In combination, these results suggest that similar grade mineralization
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may persist below the mine workings, per previous results and findings (see TDG News Releases: April 19,
2022; April 12, 2022; March 29, 2022; and January 4, 2022).
Drillhole SH21-050 was drilled south of all historical mining efforts in the JM Zone to test the southern
extent of the JM structure . It returned a broad intercept of mineralized material beyond the historical
mine workings and at a depth deeper than historical drilling efforts. This illustrates the potential of the
JM structure to the south and continuity of the mineralization across the interpreted strike of the
structure.
SH21-051 was the final drillhole in the 2021 drill campaign. This drillhole was the most southerly drillhole
drilled by TDG in the Shasta Zone targeting the Shasta Fault. The hole intersected weakly to moderately
altered volcaniclastic rocks that persisted throughout the length of the drillhole; however, at the end of
the drillhole, alteration and quartz-carbonate vein density began to increase with an increasing precious
metal concentration. Along with structural modeling underway, hole SH21 -051 is interpreted to have
missed the Shasta Fault (terminated short, on the hanging-wall side) suggesting the structure may begin
to turn more easterly than previously understood with the mineralized target therefore being deeper and
more westerly.
All 2021 drillholes are HQ sized drill core, and historical core are NQ/BQ core size. Particulars for 2021
drillholes (location, depth, etc. ) are presented in Table 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.
Table 2. 2021 Drillhole Particulars.
HOLE UTME
(NAD83) UTMN (NAD83) Azimuth(°) Dip(°) Final Depth (m)
SH21-043 621,131 6,347,376 240 -46 117
SH21-045 621,147 6,347,351 240 -56 53
SH21-045B 621,147 6,347,351 240 -65 66
SH21-048 621,176 6,347,382 240 -57 172
SH21-050 621,201 6,347,307 240 -49 166
SH21-051 620,905 6,347,255 122 -50 179
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 core was delivered to the core shack at TDG’s Baker
Mine site, and processed by geologists who i nserted 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 3, where information about methodology can be found on the SGS Canada Website, in the analytical
guide (here).
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Figure 2. Cross-Section of Drillholes SH21-043, SH21-045, SH21-045B & SH21-048.
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Figure 3. Cross-Section of Drillhole SH21-050.
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Table 3. Au and Ag Analytical Methods.
Drillhole Prep Method Au Method Ag Method Au-Overlimit Method Ag-Overlimit
SH21-043 PRP89 GO_FAI50V10 GE_IMS40Q12 N/A GO_FAG37V
SH21-045 PRP89 GO_FAI50V10 GE_IMS40Q12 N/A GO_FAG37V
SH21-045B PRP89 GO_FAI50V10 GE_IMS40Q12 N/A GO_FAG37V
SH21-048 PRP89 GO_FAI50V10 GE_IMS40Q12 N/A N/A
SH21-050 PRP89 GO_FAI50V10 GE_IMS40Q12 N/A GO_FAG37V
SH21-051 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 samples
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 information reasonably
substantiate the validity of the information presented in this news release; however, the Company
cannot directly verify the accuracy of the historical dat a, 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 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 . TDG
currently has 96,343,142 common shares issued and outstanding.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
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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 frequ ently 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 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.