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TDG Initiates Preliminary Economic Assessment for the Shasta Gold-Silver Project
VANCOUVER, British Columbia, June 01, 2026 (GLOBE NEWSWIRE) -- TDG Gold Corp. (TSXV: TDG | OTCQX: TDGGF) (the “Company” or “TDG”) is pleased to announce that it has initiated a Preliminary Economic Assessment (“PEA”) for its 100%-owned Shasta Gold-Silver Project (“Shasta” or the “Project”), located within the Greater Shasta-Newberry Project area in the Toodoggone District of north-central British Columbia. Ausenco Engineering Canada ULC (“Ausenco”) has been appointed as lead consultant for the P
About this update from Tdg Gold Corp
VANCOUVER, British Columbia, June 01, 2026 (GLOBE NEWSWIRE) -- TDG Gold Corp. (TSXV: TDG | OTCQX: TDGGF) (the “Company” or “TDG”) is pleased to announce that it has initiated a Preliminary Economic Assessment (“PEA”) for its 100%-owned Shasta Gold-Silver Project (“Shasta” or the “Project”), located within the Greater Shasta-Newberry Project area in the Toodoggone District of north-central British Columbia. Ausenco Engineering Canada ULC (“Ausenco”) has been appointed as lead consultant for the PEA. The Company is targeting completion of the study in Q3 2026. Demonstrating Potential Economic Viability This inaugural study will establish the first economic benchmark for Shasta by evaluating the existing mineral resource within a preliminary mine plan and processing flowsheet whilst leveraging the Company’s infrastructure framework and current permits. In addition to establishing a baseline case for Shasta, the PEA will evaluate a broader development scenario that potentially incorporates material from the Mets Mining Lease mineralization as well as reprocessing of historical tailings from the Baker tailing storage facility. The study will also provide shareholders with an initial set of project metrics, including potential scale, capital intensity, operating cost profile, mine life, economic sensitivities and opportunities for future optimization. “A mineral resource is an important foundation, but investors need to understand what that resource may mean economically,” stated Fletcher Morgan, Director and CEO of TDG. “The PEA is designed to provide that first disciplined economic framework for Shasta and to identify the key technical and economic drivers that will guide future work.” Corporate Strategy Update Management believes that TDG’s 100% owned Toodoggone assets are currently undervalued given the success of the 2025 Aurora West drilling campaign, the gold-rich porphyry discovery potential, the existing mineral resource at Shasta (coupled with its existing permits, proximity and access route to Aurora), and the Mets mining lease containing some of the highest grade, shallowest, thickest gold in the District with expansion potential. TDG remains well-capitalized with a near-term strategy focused on three core objectives: 2026 Exploration Program TDG is also pleased to announce a fully funded 2026 porphyry focused program consisting of baseline and targ...