TDG Gold Corp. completes Toodoggone 2021 field program, BC

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WHITE ROCK, BC / ACCESSWIRE / December 15, 2021 / TDG Gold Corp. (TSXV: TDG) (the “Company” or “TDG”) is pleased to announce the completion of its 2021 Toodoggone field program which included 8,048 meters (“m”) of diamond drilling in 55 holes at Shasta and 1,029 m of diamond drilling in 2 holes at the Drybrough target located on its Oxide Peak acquisition project north of the former Baker mine in production by TDG. Samples from the Shasta borehole have been submitted to SGS Canada for analysis and final results are expected to be received between January and February 2022. Other work performed included sampling and mapping at TDG’s Mets and Baker mine leases and a magnetic survey. airborne on TDG’s Bot property further north. The results of the sampling and survey work have now been received and are being compiled by the TMD technical team. TDG would like to thank its community and business partners for their support during the 2021 field season, especially Chu Cho Industries, Chu Cho Environmental, Sasuchan LP and Falkirk Environmental Consultants. Camp Baker will be kept in readiness for the 2022 TMD field program which could resume in early spring 2022.

Shasta

All of the meters drilled at Shasta were located within the licensed mining area (see Figure 1). Over 90% of the meters drilled were oriented core to provide additional structural geological information and enhance resource estimation work undertaken for TDG by Moose Mountain Technical Services (“Moose Mountain”). Samples were selected for metallurgical testing.

Figure 1. Map of Shasta 2021 drill holes and historic drill collars.

The drilling carried out at Shasta aimed to confirm the historical analyzes and to test the known extensions around the historic mining sites. Samples have been submitted to SGS Canada for analysis and final results are expected to be received between January and February 2022.

TDG provided an overview of its other exploration activities at Shasta in its press release dated September 7, 2021 (see here). Final analyzes have now been received from systematic channel sampling conducted in the Shasta Creek and JM pits. The aim of the work was to improve understanding of the TMD of Shasta’s setting and geological and mineralogical controls. TDG expects to release these results shortly.

Drybrough, oxide peak

The two diamond drill holes completed at Drybrough have been recorded, cut and will be submitted to MSA Labs for analysis with assay results expected by the end of January 2022. Both holes were drilled at an azimuth of 300 °.

Hole OP21-001 was drilled to a depth of 513 m at a tilt angle of -63 ° and was designed to target the center of the magnetic anomaly (see TMD press release of November 16, 2021) The drill hole appears to primarily intersect volcaniclastic rocks with propylitic intersections and intervals with potassium alteration. Arsenopyrite has also been observed in venules about 300 meters deep. This may indicate that this borehole is on the deeper margin of a porphyry system. The hole terminated in sulphide mineralization, which included increasing concentrations of disseminated pyrite and silicification.

Hole OP21-002 was drilled at a steeper dip of -82 ° to investigate the relatively low magnetic halo at the margin of the magnetic anomaly. The borehole was drilled to 516 m and the steepest angle of the borehole thus intersected a larger vertical slice of stratigraphy for the study of geology. This drill hole encountered more volcaniclastic rocks presumably the same upper units as OP21-001, with increasing silicification and sulphide mineralization in planar quartz-pyrite veinlets at a deeper vertical depth and up to 20% pyrite disseminated everywhere and in aggregates, at deeper vertical depths.

Image 1. Drill hole OP21-002 from 355.85 to 364.31 m – banded ash tuff, intense silicification, brecciated by quartz veins with up to 5% disseminated pyrite and 5% additional pyrite replacing the veins quartz-carbonate.

Image 2. Detail photo of drill hole OP21-002 of a 358.75 m pyrite replacement in quartz veins.

The Drybrough drill represents pioneering drill holes in an untested blind target magnetic anomaly. Drill data (lithology, alteration and mineralization) are being compiled for a comparison cross section of holes in order to understand the stratigraphy and better target future drilling efforts. TDG is excited to intercept the mineralization and weathering associated with porphyry, and has engaged MSA Labs (Langley, C. Subject to TDG’s ongoing interpretation work and final assay results, TDG believes the Drybrough target warrants further follow-up drilling activity.

Qualified person

The technical content of this press release has been reviewed and approved by Steven Kramar, MSc., P.Geo., A qualified person as defined by National Instrument 43-101.

About TDG Gold Corp.

TDG is a major mining claim holder in the historic Toodoggone production corridor in north-central British Columbia, Canada, with over 23,000 hectares of brownfield exploration opportunities and new operations. in direct ownership or in an acquisition agreement. TDG’s flagship projects are the former high-grade gold-silver mines Shasta, Baker and Mets, all accessible by road, produced intermittently between 1981 and 2012 and with more than 65,000m of historic drilling. In 2021, TDG moved projects forward through the compilation of historical data, new geological maps, geochemical and geophysical surveys and, for Shasta, drill testing of known mineralization occurrences and their extensions. The Company has entered into a binding agreement to acquire the Nueva Esperanza advanced silver and gold exploration and development project located in the Maricunga belt of northern Chile, subject to the closing conditions being met. TDG currently has 70,867,903 common shares issued and outstanding.

ON BEHALF OF THE BOARD

Fletcher Morgan
Chief executive officer

For more information contact:

TDG Gold Corp.,
Telephone: +1.604.536.2711
Email: [email protected]

Neither the 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 press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words “ambition”, “estimate”, “conclusion”, “offers”, “objective”, “may”, “will”, “should”, “potential” and similar expressions are intended to identify future looking statements. In particular, this press release contains forward-looking statements regarding the completion of the Acquisition, the completion of the SR Offer and the Offer, the intended uses of the proceeds from the Offer, the regulatory acceptance of the Acquisition. , the SR offering and the offering, and the potential development of the project and the Company’s existing mining properties, including the completion of feasibility studies or making production decisions therein. Although the Company believes that the expectations and assumptions upon which forward-looking statements are based are reasonable, forward-looking statements should not be relied upon because the Company cannot guarantee that they will prove to be correct. Because forward-looking statements deal with future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently expected due to a number of assumptions, factors and risks. These assumptions and risks include, without limitation, the assumptions and risks associated with the fulfillment of other conditions precedent to acquisition, including obtaining regulatory approvals, the state of the equity financing markets and the results of future exploration activities by the Company. Management has provided the above summary of the risks and assumptions relating to forward-looking statements in this press release in order to provide readers with a more complete perspective on the future operations of the Company. The actual results, performance or achievements of the Company could differ materially from those expressed or implied by these forward-looking statements and, therefore, no assurance can be given that any of the events anticipated by the forward-looking statements will occur or occur. will produce, or if one of them does, what benefits the Company will derive from it. These forward-looking statements are made as of the date of this press release, and, except as required by applicable securities laws, the Company disclaims any intention or obligation to publicly update any forward-looking statements, whether at the following new information, future events or results or otherwise.

THE SOURCE: TDG Gold Corp.

See the source version on accesswire.com:
https://www.accesswire.com/677753/TDG-Gold-Corp-Completes-2021-Toodoggone-Field-Program-BC

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