WHITE ROCK, BC - TDG Gold Corp (TSXV:TDG) (the 'Company' or 'TDG') is pleased to announce the results and interpretation from the 100 line-kilometre ('km') of high-resolution ground-based magnetics and Very Low Frequency ('VLF') survey work over the Shasta Mine Complex.
The results suggest multiple, strong structural anomalies contained within a ~4 km x ~3 km area surrounding the Shasta Deposit. The anomalies coalesce into clearly defined target zones including the recently renamed 'Cody Lee' and 'Fisher' Zones (see Figure 1) which are both located to the east of the Shasta Deposit; and the previously reported Newberry Prospect located ~1.5 km north of the Shasta Deposit.
The results from the geophysics complement information from historical drilling in the Cody Lee and Fisher Zones and soil sampling programs across the Shasta Mine Complex. For example, diamond drillhole SH89-34 in the Cody Lee Zone which intercepted 17.1 metres ('m') of 3.37 grams per tonne ('g/t') gold ('Au') and 45 g/t silver ('Ag') [3.94 g/t AuEq*] from 27.9 m depth; including 0.5 m of 91.5 g/t Au and 595 g/t Ag [98.94 g/t AuEq*] from 43.5 m depth.
This work represents TDG's next step towards identifying priority drill targets for 2023, as well as determining the ultimate potential of the Shasta Mine Complex; and if indeed the Shasta Deposit is actually part of a bigger related mineralized system.
RESULTS & INTERPRETATION
The technical work completed to date also incorporates historical data and information undertaken by past operators including Newmont - which made the initial Shasta discovery in 1983 and identified additional targets at the time. Epithermal deposits such as Shasta commonly occur in clusters.
The geological/geophysical results indicate consistent apparent offsets of the main north-northwest feature by northeastern trending features that TDG interprets to potentially be faults and which have typically hosted the higher-grade mineralisation drilled at Shasta. Of particular interest are new structures identified at TDG's Newberry target (located ~1.5 km to the north-northwest of the Shasta resource); in the East Shasta area at the Fisher Zone and Cody Lee Zone Prospects; and also at Shasta South where it appears the trend continues south of the Cayley-Rainier Zone (Figure 2). These structures differ from the historical mapping interpretation of previous operators, including Newmont. This could lead to a new interpretation of Shasta as a cluster of related epithermal lenses ('string of pearls') covering an area ~4 km x 1 km and which may or may not have structurally connectivity and integrity.
Chris Dail, a consultant for TDG's regional exploration program, commented, 'The ground-based magnetics and VLF survey completed in September 2022 is the first step to try answer the question: how big could the Shasta Mine Complex be? Work by Newmont in 1983 after the initial Shasta discovery, clearly identified multiple opportunities that they recommended for follow up but were not. We also recently completed a large soil sampling program over the Shasta Mine Complex to verify historical data, fill in gaps and extend known anomalies. Combined with our recently completed geophysical surveys, we expect to identify multiple new drill targets. It is rare to come across areas with such widespread mineralization of the character observed in and around the Shasta Deposit as well as numerous poorly and untested anomalies. The ability to develop a pipeline of drill targets bodes well for future discovery opportunities on the project.'
Steven Kramar, TDG's Vice President, Exploration, commented, 'Chris Dail's expertise and development of our regional exploration program has given us the opportunity to execute two separate but parallel technical teams: Chris' team has reviewed historical data and collected and integrated new, high quality information to develop our pipeline targets to a drill decision in 2023; meanwhile the Shasta resource team continues to stay focused on testing and growing the known Shasta resource. This strategy has been effective and successful, and we look forward to a busy 2023.'
PROGRAM SUMMARY
This year's exploration program focused on generation of additional data to support future drill targeting in the immediate area around the Shasta main Deposit, in the broader area of the Shasta Mine Complex. Work included: i) detailed structural analysis of exposures in historical trenches, roads cuts, open pits and outcrops east of the Shasta main Deposit that will be integrated with the oriented diamond drill core from last year's drill campaign and our ongoing program, ii) soil geochemistry and, iii) ground geophysical surveys.
Emphasis during field work this season was on structural analysis focused on obtaining trends and cross cutting relationships between different vein events. Observations of vein offsets by structural elements will facilitate more detailed and reliable block modeling of the Shasta main Deposit and provide information for prediction of favourable trends and orientations.
TARGET GENERATION
In the late 1980s and early 1990s past operators completed large soil grids and VLF and VLF apparent resistivity surveys using older Geonics EM16R VLF survey receiver instruments over portions of the property and identified several targets based on the results. Many, in fact most, of the identified targets were never drill tested. A few were and led to successful identification of mineralization which was the partial focus of this year's field exploration activities.
The Fisher Zone (formerly called O-Zone), located approximately 600 m southeast of the Shasta main Deposit (Figure 1) consists of a broad ovoid area, approximately 350 m x 500 m across. The area has limited outcrop and bedrock is situated beneath a thin veneer of glacial-derived sediment cover. A total of seven shallow, small diameter, historical diamond drill core holes, totalling approximately 817 m, were drilled beneath the shallow overburden to test EM16R VLF geophysical anomalies and intersected widespread disseminated gold and silver mineralization over 20-30 metre ('m') thick drilled intervals (Table 1). Our VLF surveys from this season indicate this mineralized prospect is along a series of northeast-trending conductive zones defined by our Fraser filtered VLF. The area of anomalous precious metals in bedrock and the VLF conductive zones are directly along strike and southeast of a large 350-metre x 500 metre gold-in-soils anomaly reported by past operators that is untested by drilling. The footprint of this poorly drilled bedrock feature and the adjacent and contiguous surficial soil anomaly is as large or larger than the current Shasta Mineral Resource footprint and may represent a large-scale mineralized system.
The Cody Lee Zone (formerly called Christmas Creek Zone) is located approximately 500 m east-northeast of the Shasta main Deposit (Figure 1). The zone consists of an ovoid area, approximately 400 m x 500 m across which is immediately adjacent to the Shasta main Deposit access road. Outcrops along the roadcut adjacent to the drilled area are intensely quartz and potassium feldspar altered, sulphidized, and are heavily quartz-carbonate veined and brecciated. Outcrops are sparse away from the road cuts and the adjacent area is covered with a veneer of transported alluvial gravels below the road and talus and glacial-derived sediment cover above it. A total of seven shallow, small diameter, historical diamond drill core holes, totalling approximately 697 m, were drilled above and below the road and beneath the shallow overburden cover to test EM16R VLF geophysical anomalies and exposed alteration. These short holes all intersected widespread alteration and cut variable intervals ranging from a few m up to 20 m of disseminated and vein hosted gold and silver mineralization (Table 1) suggesting the presence of a large scale mineralized system.
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. In May 2022, TDG published an initial NI 43-101 Mineral Resource Estimate for Shasta. For the 2022 field season, TDG is prioritizing drilling the known mineralization around Shasta. TDG currently has 96,343,142 common shares issued and outstanding.
Contact:
TDG Gold Corp.,
Telephone: +1.604.536.2711
Email: info@tdggold.com
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TDG GOLD CORP. 
