The five exploration targets are comprised of one in the Newberry exploration target area (Newberry) and four in the Greater Shasta exploration target area (North,
The Newberry exploration target focuses on 0.5 square kilometres ('sq.km') within the 1.25 sq.km Newberry exploration target area in which TDG has delineated a higher priority zone for drill testing (Figure 2). The Greater Shasta exploration targets cover approximately 1.0 sq.km within the recently expanded 5.5 sq.km Greater Shasta exploration target area and further work has delineated multiple drill targets within it (Figure 3:
Newberry Exploration Target
There is strong geochemical support for the Newberry exploration target but the target has never been drill tested. A large multielement Au + silver ('Ag') + lead ('Pb') + zinc ('Zn') + copper ('Cu') soil geochemical anomaly is defined by: (i) > 100 parts per billion ('ppb') Au , (ii) > 50 parts per million ('ppm') Ag, (iii) > 100 ppm Pb, (iv) > 200 ppm Zn and locally anomalous barium ('Ba'). The coincident multi-element soil geochemical anomaly measures 100-350 metres ('m') wide (average approximately 150 m) x 850 m long and extends to the limits of the grid in the north-northwest and south-southeast directions.
The geochemical anomaly coincides with a steep magnetic gradient (Figure 2) and an airborne magnetic susceptibility low, and may reflect the presence of an important mineralizing structure and potentially related destruction of magnetite by hydrothermal alteration. The magnetic features are also coincident with a strong linear resistivity gradient and conductive zone defined by Fraser Filtered Very Low Frequency ('VLF') from the 2022 geophysical program (link). The VLF anomaly, which is directly coincident with the soil anomaly, extends to north and south to the limits of the geophysical survey and is at least 1 km long, suggesting the feature may extend beyond the limits of the soil survey (i.e. open along strike in both directions).
Based on the soil geochemistry and geophysical anomalies, the best defined portion of the Newberry exploration target has dimensions of 150-200 m in width, 500-850 m of potential strike length and is exposed over a vertical extent of 100-225 m.
Greater Shasta:
The Shasta North Exploration Target lies on the north side of
The best-defined portions of the Shasta North Exploration Target has approximate dimensions of 75 m wide, 600-900 m along strike and is exposed over 50-75 m vertical extent.
The Cody Lee Exploration Target is supported by both surficial soil geochemical sampling results and several shallow, short, small diameter drillholes completed by previous operators. The zone lies adjacent to a 350 m x 350 m Au in soil anomaly and is poorly exposed along a steep slope and roadcuts through glacial overburden. Several drillholes outlined and only partially tested at least three north-northwest striking quartz-carbonate vein and stockwork zones coincident with a historical soil anomaly and mapped alteration along the roadcuts and in old trenches.
The drill data is limited and assaying is spotty and the source and true strike and dip of the source of the Cody Lee soil anomaly is unknown. Mapping along the feature suggests it strikes north-northwest and is likely steeply dipping to the north. Based on the soils, geophysical anomalies and available drill data, the best defined portions of the Cody Lee Exploration Target (Figure 3) has approximate dimensions of 100-150 m in width, 300-450 m along strike and is exposed over 100-150 m of vertical extent.
Cautionary Language
This news release includes historical information that has been reviewed by the Company's geological team and qualified person. 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. There is insufficient exploration on these prospects to define a mineral resource. It is uncertain if after additional exploration a mineral resource will be delineated. Therefore, the Company encourages investors to exercise appropriate caution when evaluating these results.
Exploration Target Areas and Exploration Targets such as Newberry and those within the Greater Shasta area (excluding the Shasta mineral resource area) are considered early-stage exploration projects that do not contain any mineral resources defined in accordance with CIM Guidelines and NI 43-101. The potential dimensions disclosed herein are conceptual in nature and there has been insufficient exploration to define a mineral resource for the exploration targets disclosed. It is uncertain if further exploration will result in these exploration targets being delineated as a mineral resource.
About
TDG is a major mineral claim holder in the historical Toodoggone Production Corridor of north-central
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Telephone: +1.604.536.2711
Email: info@tdggold.com
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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 'could', '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; the ability to define mineral resources within the exploration targets, 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.
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