Venture Capital
TDG GOLD CORP. Intersects Porphry Style Mineralization At Oxide Creek, TooDogGone District, B.C. - June 1, 2023
June 2023 - Venture Capital
TDG GOLD CORP. INTERSECTS PORPHYRY STYLE MINERALIZATION AT OXIDE CREEK, TOODOGGONE DISTRICT, B.C.
White Rock, British Columbia, June 01, 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
