sur TDG Gold Corp. (isin : CA87190J1057)
TDG Gold Corp Finalizes Acquisition of Oxide Peak Mineral Tenures in Toodoggone District
TDG Gold Corp has successfully acquired a full interest in Oxide Peak, a promising mineral tenure in the Toodoggone District of North-Central B.C., spanning over 8,490 hectares. This area is located north and adjacent to TDG's Baker Complex. The acquisition marks a significant expansion and exploration endeavor following a $3.3 million investment in exploration activities on Oxide Peak, which included diamond drilling and the identification of several potential porphyry copper and gold targets.
Fletcher Morgan, CEO of TDG, sees this acquisition as a milestone in evolving the Baker Complex's potential for hosting multiple copper-gold-molybdenum porphyries and advancing joint venture discussions for new drilling targets. The financial terms included a $100,000 payment and the issuance of 412,031 common shares to ArcWest, along with granting a 2% net smelter returns royalty, half of which can be repurchased by TDG.
TDG's compliance with all applicable securities laws and orderly sales agreements with ArcWest has been highlighted, ensuring a structured integration of the Oxide Peak tenures into TDG's portfolio. The acquisition was validated by a qualified person, Steven Kramar, reinforcing TDG's commitment to rigorous exploration standards and its strategy in the Toodoggone Production Corridor.
R. E.
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