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    TDG   CA87190J1057


Delayed Bourse de Toronto  -  05/16 11:10:56 am EDT
0.4500 CAD   +2.27%
05/13TDG Gold Corp. Provides Progress Update on Shasta Initial Mineral Resource Estimate, Toodoggone District, BC
05/12TDG Gold Corp. Provides A Progress Update on the Initial Ni 43-101 Mineral Resource Estimate for Its Former Producing Gold-Silver Shasta Mine, Toodoggone District, B.C
05/11TDG GOLD : provides progress update on Shasta initial mineral resource estimate
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TDG Gold Corp. Drills 95.5 Metres of 1.35 gt Gold Equivalent North of Shasta Creek Zone, Shasta Mine, Toodoggone, B.C

01/25/2022 | 10:45am EDT

WHITE ROCK - TDG Gold Corp. (TSXV: TDG) (the 'Company' or 'TDG') is pleased to announce the results of diamond drillhole SH21-006 from its 2021 drill program at TDG's former producing high-grade gold-silver Shasta Mine located in the historical Toodoggone Production Corridor of north-central B.C.

Highlights include 95.5 metres ('m') of 0.98 grams per tonne ('g/t') gold ('Au') and 29 g/t silver ('Ag') [1.35 g/t AuEq] from 27.5-123.0 m depth.

As with TDG's recently published drillholes from the 2021 Shasta drill program, drillhole SH21-006 demonstrates continuity of grade and mineralization along with confirmation of grades of the surrounding historical holes and validation of the expected dimensions of mineralized zone in that section of Shasta. An oblique cross-section is presented in this news release that spans the Creek, JM and Upper Creek Zones.

Drillhole SH21-006 represents the most northerly hole drilled at the Shasta Creek Zone target in the 2021 drill program and spanned the northern portion of the Creek Zone across to the northern portion of JM Zone. The drillhole trace started approximately 150 m north of the Creek Pit and ending approximately 300 m north of the JM Pit. The purpose of SH21-006 was to step out to the north of 2021 drilling and infill between historical drillholes, including SH89-40, SH89-41, SH89-55 and SH89-56 (et al.), highlights from which include 37.0 m of 1.84 g/t Au and 106 g/t Ag [3.16 g/t AuEq] in SH89-40 and 12.3 m of 1.60 g/t Au and 120 g/t Ag [3.10 g/t AuEq] in SH89-55.

Drillhole SH21-006 intersected variably silicified, potassic-altered volcaniclastic rocks below the Shasta Fault (at 17.4 m) that carried a mineralized assemblage of dominantly pyrite and acanthite associated with quartz-carbonate veins, composite vein sets and breccias.

The northern portions of the Creek, JM and Upper Creek Zones represent areas for potential expansion of the Mineralized Target Zone at Shasta because historical drill holes in the vicinity neglected to sample near surface intervals and instead focused on visually identifying higher grades for assay in concert with typical cut-off grades at the time of mining (> 5 g/t Au). With further drilling, this area has the opportunity to add minable tonnage to a Shasta resource (if defined) and decrease strip ratio in the vicinity as the closest historical underground workings are over 100 m to the west.

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 has 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. TDG currently has 78,361,085 common shares issued and outstanding.


Tel: +1.604.536.2711

Email: info@tdggold.com

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'suggest', 'indicate' and other similar words or statements that certain events or conditions 'may' or 'will' occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Sales 2021 - - -
Net income 2021 -4,83 M -3,74 M -3,74 M
Net cash 2021 4,81 M 3,73 M 3,73 M
P/E ratio 2021 -6,38x
Yield 2021 -
Capitalization 43,4 M 33,6 M 33,6 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 71,5%
Duration : Period :
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Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 0,45 CAD
Average target price 1,20 CAD
Spread / Average Target 167%
Managers and Directors
Fletcher Morgan Chief Executive Officer & Director
Daniel OĺBrien Chief Financial Officer
Andrew French Chairman
Terence Harbort Independent Director
Matthew Filgate Independent Director
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