TDG GOLD Corp. Provides Progress Update ON Shasta Initial Mineral Resource Estimate, Toodoggone District, B.c.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
TDG GOLD CORP. PROVIDES PROGRESS UPDATE ON SHASTA INITIAL MINERAL RESOURCE ESTIMATE,
TOODOGGONE DISTRICT, B.C.
White Rock, British Columbia, May 12, 2022 - TDG Gold Corp - (TSXV: TDG) (the “Company” or “TDG”)
is pleased to provide a progress update on the initial NI 43-101 Mineral Resource Estimate (“MRE”) for its
former producing gold-silver (“Au-Ag”) Shasta mine, Toodoggone District, B.C. Resource modelling work
is being undertaken for TDG by Moose Mountain Technical Services (“MMTS”), led by Sue Bird, P.Eng. ,
and TDG expects to publish the Shasta initial MRE shortly.
The 8,048 metres (“m”) of d iamond drilling completed at Shasta in 2021 was primarily focused in the
vicinity of the historical mine workings; plus one outlying target area located ~700 m south of the JM Pit,
which encountered high-grade Au-Ag in the Cayley-Rainier Zone (see TDG news release Feb 07, 2022). The
Shasta 2021 drilling tested ~22% of the exploration target range area published in TDG’s news release of
Mar 03, 2021 and ~12% of the overall footprint of known mineralization at Shasta (see Figure 1).
Figure 1. Shasta 2021 drilling tested ~22% of the March 2021 Exploration Target Range Area.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
MMTS has reported that the preliminary assays from the 2021 drilling correlate well with the historical
published assays but with an observable low bias in the historical reported Au-Ag grades. The Shasta initial
MRE will therefore focus on the area around the historical mine workings and is expected to cover ~40%
of the 2021 published exploration target range area.
TDG’s ongoing interpretative work indicates that Shasta is a breccia and fault block system that does not
conform to a classic low sulphidation epithermal vein deposit model. The opportunity at Shasta is
therefore multi-directional with key target areas of known mineralized footprint of Shasta remaining to
be systematically and comprehensively explored.
TDG’s 2022 exploration program is fully funded and will prioritize drill testing the known mineralization
which extends south from the JM Pit for ~700 m to the high-grade Au-Ag intercepted in the Cayley-Rainier
Zone (see Figure 2). TDG will also evaluate potential extensions of the 2021 drilling to the north, west and
south; the potential for the Cayley-Rainier Zone to continue to the south; the undrilled central area; the
other known outlying target zones with historically demonstrated mineralization ; and, for a fault down
dropped block of mineralization located deeper along the Shasta Fault.
Figure 2. Shasta 2022 Drill Target Areas.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
QA/QC Update
Internal Quality Assurance/Quality Control (“QA/QC”) on the 2021 assays is ongoing and TDG has
identified a potential low bias in the blind certified reference materials (“CRMs”) reported preliminary Au
grades. TDG estimates that this may mean actual Au grades are 0% to 4% higher than the preliminary
results TDG has previously reported. TDG is following up with the analytical laboratory (SGS Canada Inc.)
to investigate. Pending the outcome of the investigation, TDG will determine if all 2021 samples need to
be re -assayed for fire assay Au analysis . Subject to the timings and outcome of the ongoing QA /QC
analysis, it is likely that the initial Shasta MRE will be calculated to an inferred category of resource.
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 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 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 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 a nd their extensions . In
2022, TDG will prioritize drilling the known mineralization at Shasta which extends south for ~700 metres
from the historical JM Pit. TDG currently has 96,343,142 common shares issued and outstanding.
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 fo rward-
looking stat ements. 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
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
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.