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TDG Gold Corp. Increases Grade, Quantity and Confidence in Mineral Resource Estimate for Shasta, Toodoggone
WHITE ROCK, BC / ACCESSWIRE / May 1, 2023 / TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") i...
About this update from Tdg Gold Corp
[{"type":"text","content":"TDG Gold Corp. Increases Grade, Quantity and Confidence in Mineral Resource Estimate for Shasta, ToodoggoneWHITE ROCK, BC / ACCESSWIRE / May 1, 2023 / TDG Gold Corp. (TSXV:TDG) (the \"Company\" or \"TDG\") is pleased to announce an updated Mineral Resource Estimate1 (\"MRE\") incorporating the results of its 2022 Phase 2 drill program at the former producing Shasta gold-silver (\"Au-Ag\") mine. The key outcomes were increased grade, increased contained ounces and a substantial improvement of the classification of the mineral resources. An updated technical report will be filed on the Company's website and SEDAR within 45 calendar days of this disclosure.Highlights: 2023 Expanded & Upgraded Mineral Resource Estimate (see Table 1; below for details)Indicated Mineral Resource of 514.8 thousand ounces (\"koz\") gold equivalent (\"AuEq\"2) grading 1.27 grams per tonne (\"g/t\") AuEq2, contained within 12.6 million metric tonnes (\"Mt\").Inferred Mineral Resource of 496.3 koz AuEq2 grading 1.00 g/t AuEq2, contained within 15.4 Mt.Increased cut-off grade for new base case scenario: 0.4 g/t AuEq2 cut-off grade (\"COG\") versus the 0.3 g/t AuEq2 COG used in 2022 MRE1.MRE expanded to include the Cayley-Rainier zone to the south (Figure 1).MRE pit outline extends to within 100 m of the Newberry exploration target zone3 (Figure 1).MRE shows continuity and consistency, with an increased COG having relatively minor impact on the pit-constrained AuEq2 ounces.Shasta deposit remains open at depth and along strike (see TDG news release March 20, 2023).MRE does not include any of the Greater Shasta-Newberry3 satellite exploration target zones.Fletcher Morgan, TDG's CEO, commented: \"TDG has systematically expanded and upgraded the confidence in the Shasta deposit over the past two field seasons with ~13,250 metres of drilling. The Shasta deposit remains open along strike and at depth, with further potential for grade improvement and conversion of currently unclassified material contained within the mineral resource limiting pit to mineral resources through additional drilling.In parallel, as we have previously disclosed, our technical team has outlined potential at Greater Shasta-Newberry for one or more additional Shasta scale deposits. Given the Shasta deposit's proximity to our existing infrastructure (consisting of the Baker mill, mine roa...