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TDG Gold Significantly Expands Land Package in the Toodoggone Au-Ag District, B.C.
WHITE ROCK, BC / ACCESSWIRE / August 2, 2024 / TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG")...
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[{"type":"text","content":"TDG Gold Significantly Expands Land Package in the Toodoggone Au-Ag District, B.C.WHITE ROCK, BC / ACCESSWIRE / August 2, 2024 / TDG Gold Corp. (TSXV:TDG) (the \"Company\" or \"TDG\") is pleased to announce that it has entered into an agreement (the \"Purchase Agreement\") for the acquisition of approximately 9,600 hectares (\"ha\") of mineral tenures (the \"Tenures\") contiguous with its Baker Complex and Greater Shasta-Newberry projects, all located within the Toodoggone District, B.C. (the \"Acquisition\"). The Tenures comprise 10 mineral claims that also join up TDG's Bot and Oxide Peak projects, forming a contiguous tenure block extending over ~55 kilometres (\"km\") ( Figure 1). All TDG's mineral tenures are actively explored, managed and maintained through close working relationships with First Nation partners.Pursuant to the Purchase Agreement, TDG will acquire the Tenures from Volatus Capital Corp. (the \"Vendor\") for total consideration of $200,000, of which $100,000 will be paid in cash and $100,000 will be paid through the issuance of 752,445 common shares of TDG (the \"Consideration Shares\"). Closing of the Acquisition remains subject to standard conditions, including receipt of the approval of the TSX Venture Exchange (the \"TSXV\"). In connection with the Acquisition, subject to TSXV approval, the Company will pay a $20,000 finder's fee (the \"Finder's Fee\") to L&L Consulting GmbH, an arm's length party to the Company, which will be paid through the issuance of 150,489 common shares of TDG (the \"Finder's Shares\"). The Consideration Shares and the Finder's Shares will be subject to a hold period expiring four months and one day after issuance.Figure 1 - TDG's Mineral Tenure in the Toodoggone, B.C. Steven Kramar, TDG's VP Exploration, commented: \"This acquisition connects TDG's mineral tenure package into one contiguous block spanning ~55 km through the heart of the known epithermal mineralization and porphyry potential in the Toodoggone District. The new mineral tenures are also adjacent to Cascadia's PIL project (to the south) and to Skeena's Sofia-Sickle project (to the east).\"Historical work on the Tenures from 1960-2003 included various small-scale geological and geochemical studies totalling approximately $340,000, and identified several mineralized target areas 1,2. Past operators focused on reconn...