Diamond drillhole (HQ, Oriented) MT23-001 was completed in the Mets A-Zone1 and intercepted: 11.1 grams per tonne ('g/t') Au, 1 g/t silver ('Ag') over 20.0 metres ('m') from 19.0 m downhole depth and including 21.3 g/t Au, 1 g/t Ag over 7.0 m from 24.0 m downhole depth.
Assay results were received from MSA Labs Canada ('MSA'). Results are considered preliminary with the necessity to run metallic screen analysis for individual samples reporting > 20 g/t Au. Final results will be reported in due course. Fine visible gold was noted in the discharge from the cutting saw and hence core was split with a core splitter to minimize gold losses. Results from additional drillholes completed at Mets are pending.
TDG's Mets mining lease is a gold-rich 200-hectare developed prospect1 with 8,784 m of historical diamond drilling2,3 and 2,622 m of trenching2 which took place between 1985-1990, and 350 m of underground development2 completed in 1991-1992. Development work ceased in late 1992, before production commenced. Mets is road accessible and located 23 kilometres ('km') northwest of TDG's former producing Baker mine, mill and tailings storage facilities. In
2023
Mets is classified as a 'developed prospect1' having previously had a historical mineral resource and reserve4 estimate and 350 m of underground development in the A-Zone1 completed in 1992. The A-Zone1 is defined over 130 m of strike length with a high density of historical drilling2,3 (the locus of the underground development). The hole reported in this news release was drilled within the Mets A-Zone1 to confirm the 1980s drilling2,3 results and modern drill results from additional holes completed at Mets are pending.
Alteration/Mineralization
The Mets mining lease is underlain by a succession of subaerial volcanic and volcaniclastic rocks, stratigraphically termed the 'Toodoggone Formation' comprising andesitic or dacitic compositions and associated epiclastic rocks. The Mets structure is a quartz-barite breccia that appears to track the geological contact between tuffaceous dacite (hanging wall) and potassium feldspar porphyritic andesite (footwall). Mineralization associated with the breccia is historically described as Au dominant, Ag subordinate (i.e., high Au/Ag ratio) occurring as free gold along margins of quartz and/or barite grains with trace amounts of electrum, argentite and/or tetrahedrite.
Drillhole MT23-001 intercepted the volcanic sequence as predicted by TDG's geological modelling and intersected the quartz-barite breccia (Image 2) at the contact between the dacitic and andesitic volcanic rocks at the expected depth. The mineralized hydrothermal breccia is described as angular dacite clasts supported in a coarse-grained subhedral quartz and bladed barite crystal matrix, with trace visible very fine-grained sulfides (pyrite and galena) present in quartz-barite veining, on vein selvages and in vugs. Alteration can be described as argillic/silicic proximal to the Mets structure. Structural analysis of the Mets drill data is underway.
About
TDG is a major mineral tenure holder in the historical Toodoggone Production Corridor of north-central
Contact:
Tel: +1.604.536.2711
Email: info@tdggold.com
Forward Looking Statements
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 'appears', 'predict', 'continue',' interpret', 'potential', 'anticipate', 'unlock', 'extend', 'generate', 'support', 'confirm', 'target', 'underway', 'suggest', 'enhance', 'enable', and variations of these words as well as other similar words or statements that certain events or conditions 'could', 'may', 'would' 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 and planned exploration activities including the potential for the definition of a high-grade gold or other style of mineral deposit with economic grades within the Mets mining lease; results from future exploration programs; conclusions of future economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in grades of mineralization and/or future actual recovery rates; accidents, labour disputes and other risks of the mining industry; the availability of sufficient funding on terms acceptable to the company to complete the planned work programs; 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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