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TDG Gold Corp. Reports New NI 43-101 Mineral Resource Estimate Confirming Historical Resources at Nueva Esperanza Project, Maricunga Belt, Chile
WHITE ROCK, BC / ACCESSWIRE / July 8, 2021 / TDG Gold Corp (TSXV:TDG) (the "Company" or "TDG"...
About this update from Tdg Gold Corp
[{"type":"text","content":"TDG Gold Corp. Reports New NI 43-101 Mineral Resource Estimate Confirming Historical Resources at Nueva Esperanza Project, Maricunga Belt, ChileWHITE ROCK, BC / ACCESSWIRE / July 8, 2021 / TDG Gold Corp (TSXV:TDG) (the \"Company\" or \"TDG\") is pleased to report that Moose Mountain Technical Services (\"MMTS\") and Atticus Chile S.A., independent engineering firms, have prepared the following Mineral Resource Estimate (\"MRE\") of the silver-gold resource at the Nueva Esperanza project:Indicated mineral resource of 14.44 million tonnes (\"Mt\") containing 54.3 million ounces (\"Moz\") silver equivalent (\"AgEq\") at an average grade of 117 grams per tonne (\"g/t\") AgEq.Inferred mineral resource of 17.06 Mt containing 52.7 Moz AgEq at an average grade of 96 g/t AgEq (see Table 1).MMTS's approach to modelling the MRE under NI 43-101 compared to the published historical estimates for the Nueva has resulted in slightly less tonnes and also some tonnage historically classified as Indicated is now reclassified as Inferred. These changes to the resource are primarily due to differences in: cutoff grade, metal prices and smelter terms, classification and confining pit shapes. The differences in modelling methodology also contributed to tonnage and grade differences. No material is considered to be in the Measured category for the current resource due the spacing of drill holes with sufficient QAQC required to be classed as Measured. This can be rectified in future mineral resource estimates by re-sampling of core, coarse rejects and pulps as well as twinning of existing holes and infill drilling.This additional drilling will be used as the foundation for an updated MRE to be used in future economic studies.The Nueva Esperanza deposits are within the Maricunga Belt of central Chile. The three deposits modelled for this mineral resource estimate have potential to be extended both laterally and at depth. Targets within these deposits include the Arqueros feeder zones of high-grade Au and Ag, the potential for similar feeder zones in the Teterita deposit and extension to Chimberos known as the Teterita-Chimberos corridor. There are also at least three other under-explored areas within the Nueva Esperanza claims including Chimberos East, the Rifle-Boulder zones and potential porphyry-style mineralization south of Arqueros at Carachitas.On ...