TDG Gold Corp. Provides Progress Update on Shasta Initial Mineral Resource Estimate, Toodoggone District, BC

About this update from Tdg Gold Corp

[{"type":"text","content":"TDG Gold Corp. Provides Progress Update on Shasta Initial Mineral Resource Estimate, Toodoggone District, BCWHITE ROCK, BC / ACCESSWIRE / 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 diamond 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.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...

More updates from Tdg Gold Corp