Business
TDG Gold Corp. Publishes Initial Mineral Resource Estimate for Shasta, Toodoggone District, B.C.
WHITE ROCK, BC / ACCESSWIRE / May 17, 2022 / TDG Gold Corp - (TSXV:TDG) (the "Company" or "TD...
About this update from Tdg Gold Corp
[{"type":"text","content":"TDG Gold Corp. Publishes Initial Mineral Resource Estimate for Shasta, Toodoggone District, B.C.WHITE ROCK, BC / ACCESSWIRE / May 17, 2022 / TDG Gold Corp - (TSXV:TDG) (the \"Company\" or \"TDG\") is pleased to announce an initial National Instrument 43-101 Mineral Resource Estimate (\"MRE\") following the conclusion of its 2021 - Phase 1 drill program its former producing Shasta gold-silver (\"Au-Ag\") mine. An updated technical report will be filed on the Company's website and SEDAR within 45 calendar days of this disclosure.Highlights:TDG presents the MRE for its former producing Shasta mine with an Inferred Resource of: 709,200 oz of gold equivalent* (\"AuEq\") at 1.00 (\"grams per tonne\") g/t AuEq* grade [0.79 g/t Au, 26.7 g.t Ag].The Mineral Resource is amenable to open pit mining with a strip ratio of the total resource pit of 4.7 (waste:mineralized material) and significant mineralization near surface.This mineral resource is restricted to the central zone of the Shasta deposit (see Figure 1) in which 2021 drillholes confirmed historical drill results and the location of historical drilling was verified (the southern Cayley-Ranier zone has not been included).*The resulting AuEq equation is: AuEq = Au + Ag*0.008Figure 1: Shasta Plan Map with MRE Pit Outline.Fletcher Morgan, TDG's CEO, commented: \"This initial mineral resource estimate represents a solid start by our team towards redefining Shasta as a bulk tonnage gold-silver project.We've managed to define an initial 709,200 gold-equivalent Inferred ounces for just over 8,000 metres drilled in our first phase of drilling and which tested around 40% of the mineralized footprint included within our published exploration target range area at Shasta. The estimate excludes the higher-grade gold-silver mineralization we drilled to the south in the Cayley-Rainier Zone, which was the only step-out we tested in 2021.In summary, we see a direct roadmap to resource improvement and growth at Shasta in 2022 and which we're fully funded to execute.\"Shasta Initial Mineral Resource EstimateThe Shasta project database consists of 333 drillholes with 12,007 metres (\"m\") from 1983 through 2021. The MRE is based on drillholes from 2021 drilling and historical drilling surrounding the 2021 drilling in the central area of the deposit. The MRE database contains 236 drill holes and 13,875 ...