TDG Gold Corp. announced the expansion of the exploration target area at Greater Shasta to 5.5 square kilometres ("sq.km"). Fieldwork completed by TDG in 2022 has identified a large gold in soil anomaly coincident with geophysical anomalies adjacent to the Shasta deposit which covers a much larger area than the 1.2 sq.km exploration target area originally reported by TDG in 2021 (link).

TDG applied the same scientific methods used by Newmont Corporation in 1984 to discover the Shasta deposit. The anomaly may also continue a further 1.5 km to the north-northwest to the Newberry target - also discovered by Newmont in 1984; and may also continue 1.5 km to the south-southeast beyond Shasta South. Preliminary results from soil assays include samples containing up to 1.72 grams per tonne ("g/t") gold ("Au") coincident with geophysical anomalies and covering a broad area approximately 4.5 times bigger than currently drill tested.

The soil anomaly is supported by geophysical anomalies identified by a combination of ground magnetics and Very Low Frequency ("VLF") surveying completed by TDG and which also correlates with historical information recompiled by TDG - including data and information from the original discovery work undertaken by Newmont. Fieldwork was undertaken by TDG in 2022 on Shasta East, Shasta South and Shasta North. The grassroots component of fieldwork completed in August-September 2022 consisted of soil sampling, a ground magnetic and VLF geophysical survey and airborne hyperspectral capture.

This fieldwork, in combination with historical information recompiled from multiple sources, has led to a new interpretation of a larger exploration opportunity and which incorporates the Shasta main deposit and all previously identified target zones into a much larger exploration target area: Greater Shasta. Within Greater Shasta, TDG has identified two higher priority zones for follow up work in 2023: the Cody Lee Zone and the Fisher Zone. The earliest geochemical soil surveys consist of soil grids completed by Shasta Mines and Oil Ltd., Newmont Exploration and other previous operators, in the Greater Shasta area.

These surveys were generations of smaller surveys that often were restricted to claim boundaries before the Baker-Shasta mineral tenures were amalgamated. While the previous work by previous operators was methodical and of a high standard, the original data has not all been fully recovered or is all usable. Data recovered from Newmont work outlines areas Newmont determined to be anomalous in gold Au in soil (> 100 parts per billion "ppb").

A number of large Au in soil anomalies and extensive VLF EM-16R ground geophysical apparent resistivity and Electromagnetic ("EM") surveys were completed and led to scout drilling in several areas. Two dominant Au in soil trends are identified: i) towards Newberry in the north-northwest and towards Shasta South in the south-southeast; and, ii) one east-northeast intersecting the first trend in the centre of the Cody Lee Zone. These trends have strike length of approximately 3.5 km and 1.9 km, respectively, and have a significant component of strike length that remains undrilled.

In addition, many large ovoid anomalies defined by these early surveys remain undrilled. TDG advanced the geochemical survey database in 2022 by collecting 880 new soil samples taken with modern GPS coordinates to better define and delineate anomalous soil trends and areas. This work has confirmed the pronounced north-northwest linear trend approximately 950 m long by 60-110 m wide Au in soil anomaly greater than 100 ppb with concentrations ranging from 59 ppb to 1.2 g/t Au in soil.

This well-defined corridor of Au in soil anomaly appears to confirm and connect along strike to the Newberry Target, and remains open to the south-southeast, towards Shasta South.