TDG GOLD Corp. Provides Shasta Exploration Progress Update
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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 SHASTA EXPLORATION PROGRESS UPDATE
White Rock, British Columbia, September 13, 2022 - TDG Gold Corp - (TSXV: TDG) (the “Company” or
“TDG”) is pleased to provide a comprehensive update on exploration progress (including drill core images)
from diamond drilling underway at its mineral resource stage, former producing gold -silver (“Au-Ag”)
Shasta project located in the Toodoggone Production Corridor of north -central B.C. This current news
release should be read in conjunction with TDG’s previous Shasta news releases of June 21, 2022 ( link)
and July 11, 2022 ( link), which provided an overview of the priority targets at Shasta and the proposed
drill program to test them.
All commentary on exploration progress contained within this news release is subject to assay results which are
still pending and therefore should be read and interpreted with appropriate caution.
Highlights within this news release include:
• 3,494 metres (“m”) of oriented HQ diamond drilling completed at Shasta as of September 08,
2022, in 15 drillholes. Core from 10 drillholes have been submitted to a n ISO/EIC certified
laboratory (ALS Laboratories Group, Kamloops) for precious metal and multi-element assay, with
preliminary results expected by mid-late October.
• Two structural drillholes completed between the JM and Cayley -Rainier zones with further
drillholes to be planned subject to preliminary results.
• All work underway remains on time and budget with Stage One drilling (4,000-4,500 m) of the
current program at Shasta expected to be completed by end -September to mid-October. Stage
Two drilling (1,500-2,500 m) is fully funded and will be subject to exploration progress at TDG’s
other projects, weather, preliminary results and wider market conditions.
• Geophysics, soil sampling and mapping work completed at other Shasta targets located within the
broader “Shasta Mine Complex” (see TDG news release June 13, 2022 – link). This has included
over 100 line kilometres (“km”) of ground magnetic and Very Low Frequency (“VLF”) surveys
completed across Shasta, Shasta South and the Newberry target located approximately 1,500
metres to the north of Shasta. Initial results are expected by end-September.
Steven Kramar, TDG’s Vice President, Exploration commented: “ We’re pleased with our exploration
progress at Shasta to date particularly our ability to add real time data and information from the oriented
core. Our updated geological model has suggested to us that the most direct route to resource growth at
Shasta is through drilling the extension potential down dip at Shasta west and below the JM zone (see
Figure 1 below) - so that has been the focus of our 3,494 m drilled so far.
Meanwhile, we’re also very excited to start getting the results from the broader work being led by Chris
Dail to help us understand the bigger opportunity at Shasta – what we’re calling the ‘Shasta Mine Complex’
– and which includes, i) outcropping south of Cayley -Rainier which stretches at surface for an estimated
1,000 m, ii) to the east of the known mineralization at Shasta where soil geochemistry and indicates a gold
in soil anomaly coincident with a large NE -SW structural trend, iii) the Newberry target located 1,500 m
north of Shasta, hosting a gold in soil anomaly and a structural element that may be a continuation from
Shasta. Our 2022 high resolution ground magnetics and VLF survey was designed to provide blanket
coverage of Shasta Mine Complex to supplement geological and geochemical data for 2023 drill
targeting.”
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
Figure 1 – 2022 DDH Completed to Date.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
Shasta West
3,069 m completed in 15 drillholes of 16 drillholes planned. The concept of the Shasta West drilling was
to test the down dip of the Shasta Fault structure, and the potential of continuation of mineralization at
depth. The method could complete two objectives: i) to reclassify material adjacent to 2021 drilling from
inferred to indicated category and , ii) encounter more mineralized material in an area left untested.
Drilling to date encountered expected mineralization consisting of appreciable pyrite/acanthite in
volcaniclastic rocks with quartz/carbonate veining or complete hydrothermal brecciation , with
potassic/silicic alteration. Depths of encountered mineralization and to the intersection of the Shasta
Fault were predicted by the updated geological model.
As examples, SH22 -057 & 058 presents the opportunity for the down dip potential of the Shasta Fault
(Figure 2). Drillholes 057 & 058 encountered appreciable disseminated pyrite and acanthite, silicification
and K-feldspar alteration below the Shasta Fault , with increasing alteration , mineralization, and quartz-
sulphide- veins hosting acanthite/native silver. These geological observations were also present in
drillholes from the 2021 program, SH21-004/005. Images 1-4 present drill core from SH21-005, SH22-057
and SH22-058 to demonstrate similar geological observations described in 2021 drillcore that was assayed
and 2022 drillcore that have assays pending.
Figure 2 – Section 6,34,275E, 2022 Drillhole SH22-057&058.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
Image 1 – SH21-005 (108.3 – 111.4 m). From 108.5 to 111.0 (2.5 m) 1.62 g/t Au, 73 g/t Ag, 2.53 g/t AuEQ.
Vein/brecciated Potassic altered, silicious volcaniclastic rocks hosting pyrite, acanthite; sulphides.
Image 2 – SH22-057 (130.41 – 133.7 m). Vein/brecciated Potassic altered, silicious volcaniclastic rocks
hosting pyrite, acanthite; sulphides.
Image 3 – SH22-058 ( 117.6 – 120.8 m). Vein/brecciated Potassic altered, silicious volcaniclastic rocks
hosting pyrite, acanthite; sulphides.
Image 4 – SH22-058 ( 130.0 – 133.3 m). Vein/brecciated Potassic altered, silicious volcaniclastic rocks
hosting pyrite, acanthite; sulphides.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
JM Depth Extension
Currently 5 drillholes planned for a total of 1,337 m and scheduled to be drilled in late September. The JM
drilling is planned with the same concept as the Shasta West target : step east, outside of the resource
model and test the down dip extension of the JM structure, beneath the mine workings, at depth. This
presents an opportunity to potentially increase the resource size and gold grade in an area of historically
low drilling density and consequently, assay density. These planned holes are designed to test step outs
(approximately 50 m) from holes such as SH21-043 &SH21-045/045B (see TDG news release April 26, 2022
– link).
JM Zone to Cayley-Rainier
425 m completed in 2 drillholes designed to collect additional structural information to investigate the
orientation of veins/vein sets that might trend from the Cayley-Rainier zone in the South, toward the JM
Zone in the North, beyond the historical mine workings. This area has a historically low assay density and
may represent an opportunity to expand the resource , as the current resource (see TDG news release
May 17, 2022, for MRE Pit Boundary – link) does not include mineralized material from the Cayley Rainier
zone. Finalization of the proposed additional drillholes in this zone will be subject to review of the
preliminary results, which are expected in by end-September to mid-October.
Drillhole SH22 -053 encountered intervals strongly silicified, K -altered crystal tuff with high density of
quartz/carbonate veining and disseminated sulphides , at shallow depths . This intersection was
subsequent to a high degree of fracturing/faulting at the top of the hole. The veining at high angle to core
axis, suggests an appropriate drill direction, and additional drilling to the north, will be assay dependent.
Image 5 – SH22-053 (36.0 – 42.3 m). Vein/brecciated Potassic altered, silicious volcaniclastic rocks hosting
pyrite.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
Image 6 – SH22-053 ( 129.3 – 135.7 m). Vein/brecciated Potassic altered, silicious volcaniclastic rocks
hosting pyrite.
Proposed Shasta Additional Drillholes
Review of the 2021 oriented core has indicated the potential for laddering of veins between the two
principal structural controlling features of the main mineralized zones of Shasta (Figure 1- the Shasta Fault
and the JM brecciated body). TDG is considering drilling two holes between the Shasta Creek and JM Zones
to test this theory. This will be subject to exploration progress at TDG’s other projects, weather,
preliminary results and wider market conditions.
Shasta Mine Complex Ground Magnetics / VLF
TDG completed approximately 100 line-kilometres of high resolution ground based magnetics and VLF
surveying around Shasta and the greater Shasta Complex. The magnetic data provides full coverage of the
Shasta Complex to supplement an already robust dataset, and VLF is a technique with known success of
identification of narrow vein structures. The survey is complete, and the geophysical contractor (Aurora
Geosciences, Whitehorse, YT) is processing the data for final delivery and interpretation.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
Figure 3 – Completed ground magnetics and VLF around the Shasta Complex.
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TDG Gold Corp.
Unit 1 - 15782 Marine Drive
White Rock, B.C. V4B 1E6
www.tdggold.com
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 and
qualified person. 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. There is insufficient exploration on
these prospects to define a mineral resource. It is uncertain if after additional exploration a mineral resource will be
delineated . Therefore, the Company encourages investors to exercise appropriate caution when evaluating these
results.
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. In
May 2022, TDG published an initial NI 43 -101 Mineral Resource Estimate for Shasta. For the 2022 field
season, TDG will prioritize drilling the known mineralization at Shasta which extends south for ~500
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 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 spea ks 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.