According to CEO Fletcher Morgan, this initial mineral resource estimate represents a “solid start” towards redefining Shasta as a bulk tonnage gold-silver project. The resource is amenable to open pit mining with a strip ratio of of 4.7, containing significant mineralization near surface.
“We’ve managed to define an initial 709,200 gold-equivalent inferred ounces for just over 8,000 metres drilled in our first phase of drilling, and which tested around 40% of the mineralized footprint included within our published exploration target range area at Shasta,” Morgan added.
The Shasta project is part of the asset portfolio located in BC’s Toodoggone district that TDG acquired from Talisker Resources in late 2020. Also included in the portfolio was the historic Baker gold-silver mine. The Baker and Shasta mines operated intermittently from the 1980s until 2012, when a lack of funding caused operations to cease.
Together, the Baker-Shasta property covers just over 6,000 Ha of land that is accessible by road 430 km northwest of Prince George, via Mackenzie and the Omineca Resource access route past Centerra Gold’s Kemess copper-gold mine.
