If You Invested in TDG Gold (TDGGF)

TDG Gold Corp (TDGGF) is a mineral exploration company with a focus on precious and base metals projects in British Columbia, Canada. According to the company’s disclosures, TDG is a major mineral tenure holder in the historical Toodoggone District of north-central British Columbia, with 100% ownership of approximately 50,000 hectares of brownfield and greenfield exploration ground. Its common shares trade on the TSX Venture Exchange under the symbol "TDG" and on the OTCQX Best Market in the United States under the symbol "TDGGF".

TDG’s exploration portfolio in the Toodoggone District includes the Greater Shasta-Newberry ("GSN") project, the Baker Complex, and several former producing and historical projects. In 2023, the company defined the 5.5 square kilometre Greater Shasta-Newberry exploration target area, which is located directly adjacent to the gold-rich copper porphyry AuRORA1 discovery announced by Freeport McMoRan Inc. and Amarc Resources Ltd. TDG’s GSN project is the company’s 100%-owned flagship project and is the focus of an active exploration and drilling program targeting copper-gold-silver mineralization.

Greater Shasta-Newberry (GSN) and AuWEST / Aurora West Targets

The GSN project lies in the evolving Toodoggone District of northern British Columbia. TDG has reported that its Phase I exploratory drilling program at the Aurora West and AuWEST target areas is designed to test for extensions of the AuRORA1-style copper-gold-silver mineralization onto TDG’s mineral tenure. Drillholes such as TDG25-001, TDG25-002, TDG25-003, TDG25-004, TDG25-005 and TDG25-007 have intersected broad intervals of gold, silver and copper mineralization, with mineralized zones extending over significant core lengths. The company notes that these results are consistent with porphyry-style Cu-Au-Ag systems in the Toodoggone region.

At AuWEST, near the boundary with the Freeport McMoRan–Amarc Resources AuRORA1 discovery, TDG has reported an initial near-vertical drillhole (TDG25-001) that intersected a broad zone of gold and copper mineralization. Subsequent drillholes have encountered similar disseminated and vein-hosted sulphide mineralization. At Aurora West, TDG’s Phase I drilling has outlined multiple mineralized intervals that extend the interpreted mineralized system up dip, down dip and along strike, with the company indicating that the zone remains open to further expansion.

Geophysical Targeting and Structural Corridor

TDG has also conducted Induced Polarization ("IP") geophysical surveys over parts of the GSN project. The company reports that IP surveys have identified chargeability anomalies associated with disseminated and stockwork-style sulphides that may be related to porphyry copper-gold-silver mineralization. One such anomaly, referred to as AuWEST, appears contiguous with the AuRORA1 mineralization across the property boundary and extends to significant depths. TDG has also identified a broader structural corridor of approximately 12 kilometres on its mineral claims, where additional IP lines, mapping and soil sampling are being used to refine drill targets.

Baker Complex and Additional Copper-Gold Targets

Beyond GSN, TDG has outlined new copper-gold target areas over an expanded footprint of roughly 53 square kilometres known as the Baker Complex. Within this complex, the company has disclosed targets such as North Quartz, Trident and additional porphyry copper ± molybdenum targets including Erebus within the Bot project and porphyry copper ± molybdenum ± gold targets associated with the Sofia acquisition. These targets are part of TDG’s broader strategy to explore for copper-gold and related mineralization within its tenure.

Former Producing Mines and Historical Prospects

TDG’s property package in the Toodoggone District includes several former producing and historical projects. The company’s disclosures state that its projects include the former producing Shasta gold-silver mine and the Baker gold-silver-copper mine, which produced intermittently between 1981 and 2012, as well as the historical high-grade gold Mets developed prospect. These projects are road accessible and collectively have over 65,000 metres of historical drilling. TDG has advanced these assets through compilation of historical data, new geological mapping, geochemical and geophysical surveys and modern HQ drill testing at Shasta.

In 2025, TDG published an updated Mineral Resource Estimate for the Shasta deposit, as described in a technical report referenced in the company’s news releases. The Shasta deposit is reported to remain open at depth and along strike, indicating potential for further resource growth subject to future exploration and technical work.

Anyox Copper Acquisition and Golden Triangle Exposure

TDG’s growth strategy also includes acquisitions. The company has reported that in July 2025 it closed the acquisition of Anyox Copper Ltd., which holds a combination of crown grants and mineral claims totaling over 10,000 hectares on the Anyox peninsula at the southern tip of British Columbia’s Golden Triangle. These holdings include the former producing Hidden Creek copper-gold mine. According to TDG, Anyox provides access to a volcanogenic massive sulphide (VMS) horizon within a past-producing district with copper-gold-lead-zinc-silver potential.

Capital Markets and Trading

On the capital markets side, TDG’s common shares are primarily listed on the TSX Venture Exchange under the symbol "TDG". The company has also disclosed that its shares trade on the OTCQX Best Market in the United States under the symbol "TDGGF". In addition, TDG has announced that its common shares are eligible for delivery and depository services with the Depository Trust and Clearing Corporation (DTCC), which facilitates electronic settlement of transfers of its common shares in the United States.

Exploration Approach and Technical Oversight

TDG emphasizes quality assurance and quality control (QA/QC) in its exploration programs. The company describes procedures such as inserting certified reference materials, blanks and duplicates into sample batches, and using accredited laboratories for sample preparation and analysis. Where results are preliminary, TDG notes that additional assay data and QA/QC reviews are required before drawing definitive conclusions. Technical and scientific content in the company’s news releases is reviewed and approved by a Qualified Person as defined under National Instrument 43-101.

Business Focus

Overall, TDG Gold Corp’s business focus, as reflected in its public disclosures, is on exploring and advancing gold, silver, copper and related metal targets within its large land position in the Toodoggone District and, through acquisitions such as Anyox, within other mineralized districts in British Columbia. The company highlights its 100% ownership of extensive mineral tenure, a portfolio of former producing mines and historical prospects, and an active exploration program targeting porphyry and related mineral systems.