Business
TDG Gold Corp. Announces Exploration Target Range for the Former Producing Gold-Silver Shasta Mine, Toodoggone Region, British Columbia
WHITE ROCK, BC / ACCESSWIRE / March 3, 2021 / TDG Gold Corp (TSXV:TDG) (the "Company" or "T...
About this update from Tdg Gold Corp
[{"type":"text","content":"TDG Gold Corp. Announces Exploration Target Range for the Former Producing Gold-Silver Shasta Mine, Toodoggone Region, British ColumbiaWHITE ROCK, BC / ACCESSWIRE / March 3, 2021 / TDG Gold Corp (TSXV:TDG) (the \"Company\" or \"TDG\") is pleased to present the results of its quantitative risk assessment of the exploration target at its Shasta Project in the Toodoggone region of northern British Columbia, Canada, using available historical data. Results range from 0.9 million ounces (\"Moz\") gold equivalent (\"AuEq\"*) contained in 18.717 million tonnes (\"Mt\") at 1.5 grams per tonne (\"gpt\") using a 0.3 gpt cut off grade (\"cog\") to 1.47 Moz AuEq contained in 50.7 Mt at 0.9 gpt using a 0.1 gpt cog.The exploration target presented in this press release is conceptual in nature and supported only by historical geological data, since the Shasta Project requires further drilling and surface sampling. It is not a NI 43-101 compliant resource. There is no certainty that the future resource estimates for the project will achieve the exploration targets reported in Table 1. The process of assessing the exploration target for the Shasta Project uses a quantitative approach that has integrated available historical drill hole, geological and geochemical data to produce a series of equally likely scenarios that establish distributions for tonnage, grade, and metal content. Tonnage has been determined by modelling available data from the Creek, Shasta, JM, Cayley, and Rainier Zones, creating grade shells at a 0.1 gpt (see Figure 1) and 0.3 gpt AuEq cog, and then using statistically averaged gold equivalent grades within those shells. Tonnage calculated does not include the O, North or Jock Zones for which historical drilling information exists but further work is required before these zones can be included.Table 1. Exploration target range at the Shasta Project.Grade Shell Cut Off Grade (gpt)Tonnage (Mt)Gold Grade(gpt, AuEq)Contained Gold Ounces (Moz AuEq)0.318.7172.01.201.50.900.150.7000.91.470.71.14Figure 1. Grade shell using 0.1 gpt AuEq (top) and Shasta mineralized zones (bottom).These ranges are conceptual in nature since the Shasta Project requires further drilling and surface sampling to validate the geological and statistical assumptions used. Although all the technical assumptions are supported by the available historical geologi...