TDG Gold Corp. Defines Newberry Exploration Target Area Adjacent to Greater Shasta

WHITE ROCK, BC / ACCESSWIRE / January 24, 2023 / TDG Gold Corp - (TSXV:TDG) (the "Company" or "TDG") is pleased to report the results of geophysical survey work completed by TDG in 2022 at its Newberry target which, in combination with historical soil geochemistry results, confirm an exploration target area of approximately 1.5 kilometres ("km") of strike length by a maximum width of approximately 500 metres ("m") and with a vertical extent of up to 400 m. As previously reported by TDG (link), Newberry may be related to Greater Shasta - the gap between the two target areas is now < 100 m (Figure 1).

Steven Kramar, TDG's VP Exploration, comments: "The magnetic and VLF signatures from our 2022 geophysical survey work at Newberry are coincident with the recompiled historical soil geochemical results. This means that we can consider Newberry drill ready. And the fact that the southern extent of the Newberry exploration target area is within 100 metres from the edge of our recently expanded, 5.5 sq.km Greater Shasta exploration target area makes Newberry a high priority target for TDG in 2023. A special thanks to Bruce Downing, original member of the Newmont discovery team at Shasta and Newberry, for his kind assistance in recompiling the historical data and information and his visit to site in July 2022."

Foto: Accesswire

Figure 1 - the Newberry Exploration Target Area covers approximately 1.5 km of potential strike length.

2022 Geophysical Survey Results

The Newberry prospect is a large multi-element geochemical and geophysical anomaly associated with moderate to intense alteration north west of and along strike from the Greater Shasta exploration target zone (See TDG News Release January 17, 2023). The prospect was first identified in the early 1970s during follow-up of anomalous precious metals in stream sediment sampling and underwent sporadic prospecting by Shasta Mines and Oil Ltd., later International Shasta Oil and later by Newmont in 1983-84, and Esso Minerals in 1987. Shasta Oil and Newmont completed grid sampling that included collection of 74 and 202 conventional -80 mesh soil samples, respectively. Both groups completed ground magnetic and Very Low Frequency ("VLF") Electromagnetic ("EM") surveys. Newmont also discovered the Shasta deposit during the same field program. The property was recommended for drilling but was caught up in litigation between operators for many years, and therefore no further work at Newberry was completed. The Shasta mining lease and surrounding mineral claims were subsequently consolidated - removing this impediment to exploration. TDG acquired the consolidated tenures in December 2020.