TDG Gold (TSXV:TDG) Provides Summary From 2022 Drilling at Shasta Deposit, and Presents 2023 Field Program for Greater Shasta-Newberry, Toodoggone

TDG Gold (TSXV:TDG) has announced the results of its drilling and exploration activities at the Shasta deposit in the Toodoggone gold-silver belt in 2022. The company has also shared its plans for the Greater Shasta-Newberry project area in 2023.

According to TDG Gold, the finalized assay results from the Shasta deposit drilling have been provided to Moose Mountain Technical Services (MMTS) to undertake an updated NI 43-101 Mineral Resource Estimate for the Shasta deposit. The updated estimate is expected to be completed by mid-2023.

The company has also announced plans to undertake updated geological mapping and soil geochemistry surveys to demonstrate continuity of the Au (and multielement) soil anomaly between Newberry and Greater Shasta, south of the Cayley-Rainier Zone to TDG’s claim boundary, and north of Newberry, which is currently open. This work will be complemented by an additional proposed 100 line-km of ground magnetics and Very Low-Frequency electromagnetic survey work to expand the surveyed area and the target footprint.

TDG Gold 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. 

Highlights from the ongoing interpretation of the 2022 Shasta drill results are as follows:

  • Results from 5,008 metres (“m”) of diamond HQ, oriented core drilling extended the known mineralization at Shasta and indicates that the Shasta deposit remains open in all directions – including to the north towards the Newberry2 target.
  • Gold-silver (“Au-Ag”) mineralization was intercepted at a shallower depth in Shasta West than previously modelled and at predicted depths in other directions, supporting geologic interpretation of mineralized trends.
  • Two drillholes completed as southerly step-outs from the 2022 Shasta mineral resource area demonstrated on-trend mineralization extending further south by > 300 m.
  • Vein orientation data, in combination with multi-element analytical data, has led to a reinterpretation of the geological and lithological models for Shasta, which TDG expects to improve future drill targeting at the Shasta deposit.
Source: TDG Gold

Highlights of the proposed 2023 drill program (all drilling will be diamond, HQ, and oriented core) are as follows:

  • Newberry2 (Figure 1) – proposed initial 1,000 m of drilling in 4 drillholes, potentially leading to a further 2,000 m stepping on trend and down elevation towards Shasta North.
  • Fisher Zone2 (Figure 2) – proposed initial 1,250 m of drilling in 5 drillholes along a 1-kilometre (“km”) Au-Ag soil anomaly.
  • Hood2 and Cody Lee2 Zones (Figure 2) – complete historical core re-logging; proposed initial 1,500 m of drilling in 6 holes.
  • Shasta Deposit2 (Figure 2) – complete historical core re-logging; proposed initial 2,500 m of drilling in 20 holes to test near-deposit extensions (Cayley, Eastern JM, Shasta/Creek).
Figure 2 – Proposed Drilling at the Greater Shasta Area (all proposed hole locations are preliminary). Source: TDG Gold




The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I cover the mining industry and the best mining stocks around the world. I write about industry news, individual companies, projects, management, and profiles on industry leaders.

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