TDG Gold drills 21.6 m of 3.66 g/t AuEq at Shasta
2022-04-19 08:45 ET - News Release
Mr. Fletcher Morgan reports
TDG GOLD CORP. INTERSECTS 21.6 METRES OF 3.66 G/T GOLD EQUIVALENT FROM NEAR SURFACE IN THE CREEK TO JM ZONES, SHASTA PROJECT, TOODOGGONE DISTRICT, BC
TDG Gold Corp. has drilled a 21.6-metre drill intercept of 1.93 grams per tonne gold and 138 g/t silver (3.66 g/t gold equivalent) from 19.5 m depth in hole SH21-039, located across the Creek and JM zones, contained within a broader interval of 35.1 m of 1.29 g/t Au and 90 g/t Ag (2.41 g/t AuEq) from six m depth.
DDH SH21-039 intersected 35.1 m of 1.29 g/t Au and 90 g/t Ag (2.41 g/t AuEq) from 6.0 m depth, including, 21.6 m of 1.93 g/t Au and 138 g/t Ag (3.66 g/t AuEq) from 19.5 m depth.
Preliminary results from SH21-039 are presented in this news release along with preliminary results from four other drill holes drilled within the JM to Creek Zones at TDG's former producing Shasta project in the Toodoggone District, B.C. A complete assay table of results for drill hole SH21-039 can also be viewed on the TDG Gold website.
Steven Kramar, TDG's senior geologist and British Columbia program lead, commented, "With the geological modelling underway, we are starting to delineate the Shasta Fault and JM Zones into discrete higher-grade areas, and continue to demonstrate broad continuous halo-style mineralization between these two structures in addition to outside their periphery."
Key intercepts for diamond drill holes SH21-036, SH21-038, SH21-039, SH21-042 and SH21-047 are presented in Table 1 and shown in cross-sections. Drill results for the remaining 2021 drill holes are pending analytical results.
Drill hole SH21-039 was designed to target the Shasta Fault to test near-surface mineralization stepping closer to the Shasta Fault and following up on drill hole SH21-025 (see TDG News Release March 09, 2022). SH21-039 intersected near-surface mineralization (starting at 6.0 m) and appreciable grade in proximity to the Shasta Fault (21.6 m of 3.66 g/t AuEq; 1.93 g/t Au, 138 g/t Ag) to a depth of 41.1 m, illustrating high-grade volcaniclastic rocks at near-surface depths, proximal to the small-scale historical workings.
SH21-036, 042 and 047 had the objective of targeting material underneath the historical mine workings. This concept was described in TDG's April 12, 2022, March 29, 2022 and January 04, 2022 news releases.
Drill hole SH21-038 was a preliminary test of the central area, and infill -- between the Shasta Fault and the JM Structure -- in an area with little to no drill data. SH21-038 collared into mineralized volcaniclastic rocks (26.7 m of 0.50 g/t AuEq; 0.35 g/t Au, 12 g/t Ag) from 5.1 m depth, interpreted to be just west of the JM higher-grade central core (Figure 4). The drill hole ended in increasing precious metal concentrations (13.5 m of 0.56 g/t AuEq; 0.45 g/t Au, 9 g/t Ag) at 117.6-131.06 m depth; with the end of hole ("EOH") interpreted to be indicative of the persistence and continuity of the 'halo' of lower-grade mineralization adjacent to the Shasta Fault, on the footwall side. This is important as it demonstrates an opportunity to continue to drill this hole (or holes similar in concept) in 2022 to find the terminating depth of the 'halo,' and expand the mineralized footprint at depth.
All 2021 drill holes are HQ sized drill core, while historical core are NQ/BQ core size. Assay results were received from SGS Labs Canada ("SGS"). Internal QA/QC review by TDG, working with Moose Mountain Technical Services ("MMTS"), is ongoing and therefore results are still considered preliminary.
QA/QC
Samples for the Shasta 2021 drill program followed chain of custody between collection, processing and delivery to an SGS laboratory in Burnaby, B.C. The drill core was delivered to the core shack at TDG's Baker Mine site, and processed by geologists who inserted certified reference materials, blanks and duplicates (pulp and coarse) into the sampling sequence. The 2021 drill core was cut in half (1/2 HQ core) and placed in zip-tied polyurethane bags, then in security-sealed rice bags before being delivered directly from the Baker Mine site, to Bandstra Transportation Systems in Prince George, B.C., and ultimately to the SGS laboratory in Burnaby, B.C. Samples were prepared and analyzed following procedures summarized in Table 3.
Quality assurance and control ("QAQC") is maintained internally at the lab through rigorous use of internal certified reference materials, blanks, and duplicates. An additional QAQC program was administered by TDG Gold through the use of certified reference materials ("CRMs"), duplicate samples and blank samples that were blindly inserted into the sample batch. If a QAQC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QAQC sample are re-tested. For the purposes of this press release, results are 'preliminary' and thus have not undergone TDG's comprehensive QAQC investigations.
Qualified person
The technical content of this news release has been reviewed and approved by Steven Kramar, MSc., P.Geo., a qualified person as defined by National Instrument 43-101.
This news release includes historical drilling information that has been reviewed by the Company's geological team. The Company's review of the historical records and information reasonably substantiate the validity of the information presented in this news release; however, the Company cannot directly verify the accuracy of the historical data, including the procedures used for sample collection and analysis. Therefore, the Company encourages investors to exercise appropriate caution when evaluating these results. Further data review is underway, in order to verify the validity of the data for the anticipated NI 43-101 compliant mineral resource estimate.
About TDG Gold Corp.
TDG is a major mineral claim holder in the historical Toodoggone Production Corridor of north-central British Columbia, Canada, with over 23,000 hectares of brownfield and greenfield exploration opportunities under direct ownership or earn-in agreement. TDG's flagship projects are the former producing, high grade gold-silver Shasta, Baker and Mets mines, which are all road accessible, produced intermittently between 1981-2012, and have over 65,000 m of historical drilling. In 2021, TDG advanced the projects through compilation of historical data, new geological mapping, geochemical and geophysical surveys, and, for Shasta, drill testing of the known mineralization occurrences and their extensions.
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