TDG Gold Corp. Intersects Porphyry Style Mineralization at Oxide Creek, Toodoggone District, BC

WHITE ROCK, BC / ACCESSWIRE / June 1, 2023 / TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") is pleased to announce the results of the 2022 exploration program at it's earn-in Oxide Peak Project in the Toodoggone district of north-central British Columbia. The program included over 1,000 metres ("m") of diamond drilling in two holes at the Oxide Creek target, along with airborne hyperspectral analysis covering the entirety of the Oxide Peak property. Oxide Creek represents a highly prospective target for the discovery of a porphyry copper style deposit, with stream and rock sampling indicating the typical zonation of a copper ("Cu") enriched core surrounded by zinc and lead on the peripheries, highly sulphidized (pyrite) and quartz-sericite alteration giving a common QSP signature, evidence of magnetic destruction common in large hydrothermal systems and clay mineral assemblages that are zoned, and coincident with, anomalous Cu +/- gold ("Au") mineralization. The two drillholes completed in 2022 provide a third dimension to the alteration, mineralization and mineral assemblages seen on surface, suggesting the presence of a large-scale mineralizing system nearby.

The Oxide Peak mineral tenures comprise over 8,000 hectares of highly prospective mineral claims located adjacent and contiguous to the north of TDG's former producing gold-silver Baker mine property (Figure 1). TDG has identified multiple exploration targets¹ on the Oxide Peak Project, including Drybrough (drilled by TDG in 2021) and Oxide Creek (drilled by TDG in 2022).

Highlights:

• 1,021.5 m of drilling completed in two diamond drillholes ("DDH"), both holes intersecting broad intervals of anomalous concentrations of base and precious metals associated with an assemblage of high to medium sulphidation minerals (Table 1).
• Pathfinder elements (tellurium, tungsten, bismuth) suggest the presence of a porphyry system nearby the 2022 drilled area¹.
• Ground and airborne geophysics (including the 2022 hyperspectral analysis) indicates a large hydrothermal system in the vicinity of Oxide Creek¹.

Chris Dail, a technical consultant leading TDG's regional program, commented: "Our initial drill test of the large Oxide Peak system is encouraging with visible alteration over 200 m of vertical extent in intensely sulphidized rock, associated with highly anomalous copper, zinc and molybdenum concentrations throughout both drillholes. The large and coincident geophysical and geochemical anomalies on the property are open in both directions, down dip and we have yet to test the larger copper in soil anomaly and outcropping of porphyry copper style alteration found downhill from the target we drilled in 2022."

Table 1 - Significant Intersections from Oxide Peak 2022 Drilling

Figure 1 - TDG Gold Corp. Tenure Holdings in the Toodoggone, North-Central British Columbia.

2022 Diamond Drilling & Exploration Summary

Two HQ/NQ diameter DDH were completed towards the end of the 2022 field season, totaling 1,021.5 m. The two DDH completed targeted a short portion of a coincident 0.5 kilometre ("km") wide x 2 km long induced polarization ("IP") and aeromagnetic geophysical anomaly associated with a broad multi-element geochemical anomaly and mapped advanced argillic to intermediate argillic alteration assemblages. Both DDHs, intersected multiple, broad intervals of high to intermediate sulphidation mineral assemblages containing highly anomalous concentrations of Cu, zinc ("Zn"), molybdenum ("Mo") and locally lead ("Pb") and Au along with a suite of porphyry-style pathfinder elements (tellurium, tungsten and bismuth "Te", "W" & "Bi") and strong quartz sericite (illite)-pyrite ("QSP") style alteration. The combined data is suggestive of the presence of a porphyry Cu-Mo system in the vicinity¹. Select intercepts are presented in Table 1 with DDH particulars in Table 2. Full DDH composite results are provided in Table 3.

Table 2 - Drillhole Particulars

^* Hole locations are approximate from handheld GPS.
^** Both holes had minor deviations downhole from the collared orientations based on downhole surveys.

Table 3 - All 2022 Oxide Peak Composite Results