TDG Initiates Preliminary Economic Assessment for the Shasta Gold-Silver Project
π TDG Gold Corp. has initiated a Preliminary Economic Assessment (PEA) for its 100%-owned Shasta Gold-Silver Project.
βοΈ Ausenco Engineering Canada ULC has been appointed as the lead consultant to conduct the study.
π The Company targets completion of the PEA by Q3 2026.
ποΈ The PEA aims to evaluate existing mineral resources alongside a preliminary mine plan and processing flowsheet.
βοΈ The study will explore incorporating material from Mets Mining Lease and reprocessing historical tailings from Baker.
πΉ Management views TDG's Toodoggone assets as undervalued due to recent drilling success and new discoveries.
π€ Fletcher Morgan, CEO, stated the PEA provides a disciplined economic framework to identify key drivers for future work.
π― TDGβs near-term strategy includes advancing all assets toward value-unlocking milestones through technical studies and exploration.
βοΈ The Company maintains a fully funded 2026 drilling campaign at Anyox expected to conclude by the end of June.
π Steven Kramar has departed as Vice President Exploration after serving for four and a half years.
π Paul Geddes, P.Geo., will oversee technical programs on an interim basis while seeking a permanent candidate.
π TDG holds over 60,000 hectares of exploration ground in British Columbiaβs Golden Horseshoe region.
π οΈ A separate porphyry focused program is being funded to advance exploration along the northwest structural corridor.
π¬ The Shasta Mineral Resource Estimate data is derived from a Technical Report dated February 21, 2025.
β All technical and scientific content in the news release has been validated by Qualified Person Paul Geddes.
- TDG Gold Corp. has initiated a Preliminary Economic Assessment (PEA) for its 100%-owned Shasta Gold-Silver Project, targeting completion in Q3 2026 with Ausenco Engineering Canada ULC as lead consultant.
- The PEA will evaluate the existing mineral resource within a preliminary mine plan and processing flowsheet while leveraging the Company's existing infrastructure framework and current permits.
- The study provides potential upside through the evaluation of a broader development scenario that may incorporate material from the Mets Mining Lease mineralization and reprocessing historical tailings from the Baker tailing storage facility.
- Management believes TDG's 100% owned Toodoggone assets are undervalued given the success of the 2025 Aurora West drilling campaign and the high-grade, shallowest gold found in the Mets mining lease with expansion potential.
- The Company remains well-capitalized with a fully funded 2026 drilling campaign at Anyox expected to conclude by the end of June, providing significant discovery upside.
- TDG is announcing a fully funded 2026 porphyry focused program consisting of baseline and targeting studies designed to advance exploration along the northwest structural corridor extending from TDG's Aurora West project toward and including the Baker Complex.
- TDG holds over 60,000 hectares of exploration ground across the Toodoggone and Anyox mining districts in British Columbia's Golden Horseshoe, with a significant mineral tenure holder position.
- Senior Vice President Paul Geddes is only on an interim basis overseeing technical programs following the departure of VP Exploration Steven Kramar, creating potential leadership uncertainty.
- The PEA study targeting Q3 2026 completion relies on evaluating a mineral resource that remains open for expansion, meaning current metrics may not fully capture economic potential or may be subject to future dilution.
- TDG's strategy involves leveraging existing infrastructure and permits at Shasta, which introduces dependency risks if those permits face regulatory challenges or if the infrastructure framework proves insufficient for new development scenarios.