TDG GOLD Corp. Intersects 9.5 Metres of 11.14 G/T GOLD Equivalent 1 IN Shasta WEST , Toodoggone District, B.c.
Page 1 of 6
TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
TDG GOLD CORP. INTERSECTS 9.5 METRES OF 11.14 G/T GOLD EQUIVALENT 1 IN SHASTA WEST ,
TOODOGGONE DISTRICT, B.C.
White Rock, British Columbia, February 21 , 202 3. TDG Gold Corp. (TSXV: TDG) (the “Company” or
“TDG”) is pleased to report the first set of finalized assay results from the 2022 diamond drill program
completed at its former producing, mineral resource stage2 Shasta gold-silver (“Au-Ag”) project located in
the Toodoggone District of north-central B.C. In 2022, TDG completed 20 diamond HQ, oriented drillholes
totalling 5,034 metres (“m”), 7 of which target ed the potential western extension of the Shasta main
deposit3 (Figure 1). The assay results reported in this news release confirm and expand high grade Au-Ag
mineralization surrounded by medium to lower grade mineralization over broader intervals on the west
side of the Shasta deposit. Mineralization was encountered at depths predicted by TDG’s geological model
for Shasta over approximately 200 m of effective strike length . The results also suggest the Shasta
mineralized structure may have a shallower dip to the west than currently modelled, which may indicate
potential to expand the mineral resource even further west, and down dip of the current drilling (Figure
2).
Diamond drillhole high-grade highlights downhole include:
SH22-057: 33.0 m grading 2.52 grams per tonne (“ g/t”) Au and 95 g/t Ag [3.71 g/t gold equivalent
(“AuEq”1)] from 121.0 m depth
Including: 9.5 m grading 7.76 g/t Au and 271 g/t Ag [11.14 g/t AuEq1] from 143.0 m depth
SH22-060: 37.7 m grading 1.95 g/t Au and 24 g/t Ag [2.26 g/t AuEq1] from 118.3 m depth
Including: 8.0 m grading 8.59 g/t Au and 67 g/t Ag [9.43 g/t AuEq1] from 148.0 m depth
SH22-058: 27.0 m grading 0.98 g/t Au and 18 g/t Ag [1.21 g/t AuEq1] from 94.0 m depth
SH22-058: 11.0 m grading 0.96 g/t Au and 33 g/t Ag [1.37 g/t AuEq1] from 185.0 m depth
A full composite table of drill assays results contained within this news release is presented in Table 1.
Steven Kramar, TDG’s VP Exploration, commented: “Our modelling indicated that the potential extension
of the mineralization to the west offered an efficient way to grow our existing mineral resource estimate3
for the Shasta Main deposit. The results from the 7 holes we drilled into Shasta West are encouraging;
particularly if the mineralized Shasta structure adjacent to the Shasta Fault has a shallower dip than
previously modelled and remains open to the west, and further down dip than currently modelled.”
The assay data presented in this news release has been handed to Moose Mountain Technical Services to
begin an updated NI 43-101 mineral resource estimate for the Shasta Main deposit.
Image 1. Shasta drillhole SH22-057 from 143.19-146.45 m; sample G670527, 143-145 m (downhole) grading 4.35
g/t Au and 82 g/t Ag [5.38 g/t AuEq1]
Page 2 of 6
TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
Figure 1 – 2022 Drill Collar Locations with drill trace (black lines) and > 0.1 g/t AuEq1 samples (in red) in drill holes
reported in this news release.
The drillholes encountering the high-grade mineralization are hosted within a package of epiclastic rocks,
with increasing quartz /carbonate vein density approaching the high -grade intercepts, where multi -
generation vein density increases and complete hydrothermal brecciation occurs. Mineralization is hosted
in quartz/carbonate veins and veinlets hosting pyrite, and appreciable acanthite.
Page 3 of 6
TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
Figure 2 – Cross Section of SH22-057/058, presenting 2022, 2021 and historical4 drillholes.
The Shasta West drill plan was designed to test the down dip potential of the Shasta mineralization outside
of the currently modelled resource area ( Figure 2). New TDG lithologic modeling based on relogging of
TDG drill core and evaluation of historical lithologic descriptions observed in the surface mapping , drill
cores and underground geological work by previous operators, suggests the presence of a rather
continuous fine-grained epiclastic unit within the stratigraphy in the immediate hanging wall of the Shasta
Fault. This distinctive epiclastic unit, and possibly gouge developed along the fault, may have provided an
aquitard for ascending metal- bearing hydrot hermal fluids. This could help account for the intense
hydrothermal brecciation and boiling textures observed in epithermal veins and breccias just beneath the
Shasta Fault in the fault’s footwall.
TDG has recognized through subsequent drilling that the Shasta Fault and Shasta mineralization dip
shallower than previously recognized. As a result of this shallower dip, Shasta West mineralization is open
at depth, below the 2022 resource shell, and further west, outside of the modelled resource area2.
Page 4 of 6
TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
Table 1. Results from the 2022 Drilling at Shasta West.
Hole From To Length Au Ag AuEq1
(m) (m) (m) (g/t) (g/t) (g/t)
SH22-054 106.0 118.0 12.0 0.21 24 0.51
and 151.0 157.0 6.0 0.46 23 0.75
SH22-055 103.0 108.0 5.0 0.43 5 0.49
and 112.4 133.0 20.6 0.10 10 0.22
and 165.0 171.0 6.0 0.40 15 0.59
and 186.0 190.0 4.0 0.21 5 0.28
SH22-056 33.0 52.5 19.5 0.15 17 0.37
and 116.5 119.0 2.5 0.44 6 0.52
and 140.0 150.4 10.4 0.16 5 0.22
and 179.4 213.5 34.1 0.34 16 0.54
SH22-057 121.0 154.0 33.0 2.52 95 3.71
incl. 143.0 152.5 9.5 7.76 271 11.14
SH22-058 94.0 121.0 27.0 0.98 18 1.21
and 134.0 138.0 4.0 0.56 53 1.22
and 162.1 199.0 36.9 0.50 20 0.75
incl. 185.0 196.0 11.0 0.96 33 1.37
SH22-059 107.0 115.0 8.0 0.49 20 0.74
and 131.9 151.0 19.1 0.11 5 0.17
SH22-060 118.3 156.0 37.7 1.95 24 2.26
incl. 118.3 121.0 2.7 0.67 64 1.47
incl. 148.0 156.0 8.0 8.59 67 9.43
*Intervals are core-length weighted. True width is estimated between 75-95 % of core length, and the core recovery is estimated to be > 90 %.
**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
All 2022 drillholes were orientated and utilized HQ size for drill cores. Particulars for drillholes (location,
depth, etc.) are presented in Table 2.
Table 2. 2022 Shasta West Drillhole Particulars.
Hole UTME UTMN Azimuth Dip Final Depth
(NAD83) (NAD83) (°) (°) (m)
SH22-054 620,821 6,347,362 90 -62 255
SH22-055 620,806 6,347,321 95.6 -57 258
SH22-056 620,806 6,347,321 92 -80 234
SH22-057 620,819 6,347,272 90 -55 234
SH22-058 620,819 6,347,272 90 -80 213
SH22-059 620,841 6,347,228 90 -57 180
SH22-060 620,840 6,347,228 90 -80 168
Page 5 of 6
TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
QA/QC
Samples for the Shasta 2022 drill program were handled via rigorous chain of custody, between collection,
processing, and delivery to the ALS laboratory in North Vancouver, B.C. The drill cores were delivered to
the core shack at TDG’s Baker Mine site and processed by geologists and technicians who verified down
hole meterage blocks, photographed the core, recorded recovery, R ock Quality Data (“R QD”), logged
lithology, alteration and captured oriented core structural information, inserted certified reference
materials, blanks and duplicates (coarse) into the sampling sequence. The 2022 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 transported to ALS’ preparation facility in Kamloops, B.C ., and ultimately to the ALS laboratory in
North Vancouver, B.C. Samples were prepared and analyzed following procedures Au -ICP22 for Au and
MEMS61 for Ag and major/trace element. Overlimit concentrations of precious metals were analyzed
(where applicable) by Au -GRA22 and Ag- GRA22 for Au and Ag, respectively. Information about
methodology can be found on the ALS Global website.
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 insertion and verification of lab results via use of certified reference materials
(“CRMs”), duplicate samples and blank (unmineralized) 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.
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.
1Gold 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 no allowances have been made to accommodate potential recovery losses that would occur in
a mining scenario. AuEq is calculated using a 80:1 silver to gold ratio.
2Mineral Exploration and Inferred Mineral Resources : 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 exploration stage as
opposed to the development or operational stage. Confidence in an inferred mineral resource estimate is insufficient to allow meaningful
application of the technical and economic parameters to enable an evaluation of economic viability sufficient for public disclosure, except in
certain limited circumstances set out in NI 43-101. There is no assurance that mineral resources will be converted into mineral reserves. Inferred
mineral resources are considered too speculative geologically to have economic considerations applied to them that would enab le them to be
categorized as mineral reserves. It is reasonably expected that the majority of inferred mineral resources could be upgraded to measured or
indicated mineral resource with continued exploration. 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.
3Mineral Resource Estimate (MRE): All scientific and technical information relating to the TDG’s Shasta Project pertaining to the Mineral Resource
Estimate (“MRE”) contained in this news release is derived from the Technical Report dated June 30, 2022 (with an effective date of May 16,
2022) titled “NI 43-101 Resource Estimate for the Shasta Deposit” (the “Technical Report”) prepared Sue Bird, MSc., P.Eng of Moose Mountain
Technical Services. The information contained herein is subject to all of the assumptions, qualifications and procedures set out in the Technical
Report and reference should be made to the full text of the Technical Report, a copy of which has been filed with the securities regulators in each
of the provinces of Canada (except Québec) and is available on www.sedar.com. The Shasta MRE is based on preliminary assay results and are
therefore indicative only of final assay results which were subsequently published on August 29th 2022 and have therefore not been included in
the MRE. The current reported Au concentrations (and consequently any calculation using Au, e.g. AuEq) in the MRE are PRELIMINARY in nature.
TDG has received the finalized results and those results will be published at a time in the future.
4Historical 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.
Page 6 of 6
TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
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 Greater Shasta, over 13,000 metres of modern HQ drill testing of the known mineralization
occurrences and their extensions. In May 2022, an initial Mineral Resource Estimate was publishe d (see
TDG news release dated May 17, 2022) for 0.3 sq.km of the 5.5 sq.km exploration target area at Greater
Shasta (see news release dated January 17 and January 25, 2023) . Additional infill and step -out drilling
was undertaken in 2022, some of which is reported in this news release. Finalized assay results for an
additional 13 holes are still pending. TDG plans to update its mineral resource estimate for Shasta based
on the results of the 2022 drilling and to undertake follow-up exploration and diamond drilling o f high
priority exploration targets in 2023.
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”, “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.