TSX-V-listed TDG Gold Corporation has initiated a preliminary economic assessment (PEA) for its 100%-owned Shasta gold/silver project in the Greater Shasta-Newberry area of the Toodoggone district in British Columbia.

TDG has tasked Ausenco Engineering Canada to be the lead consultant on the PEA, which is targeted for completion in the third quarter. 

This inaugural study will establish the first economic benchmark for Shasta by evaluating the existing mineral resource within a preliminary mine plan and processing flowsheet while leveraging the company’s infrastructure framework and current permits.

In addition to establishing a baseline case for Shasta, the PEA will evaluate a broader development scenario that potentially incorporates material from the Mets mining lease mineralisation as well as reprocessing of historical tailings from the Baker tailing storage facility.

The study will also provide shareholders with an initial set of project metrics, including potential scale, capital intensity, operating cost profile, mine life, economic sensitivities and opportunities for future optimisation.

“A mineral resource is an important foundation, but investors need to understand what that resource may mean economically,” says TDG CEO and director Fletcher Morgan.

He confirms that the PEA is designed to provide that first disciplined economic framework for Shasta and to identify the key technical and economic drivers that will guide future work.

OUTLOOK

TDG's management believes that the group's 100%-owned Toodoggone assets are currently undervalued given the success of the 2025 Aurora West drilling campaign, the gold-rich porphyry discovery potential, the existing mineral resource at Shasta (coupled with its existing permits, proximity and access route to Aurora), and the Mets mining lease containing some of the highest grade, shallowest, thickest gold in the district, with expansion potential.

The company's three core objectives include demonstrating value within the existing portfolio of assets, with the proposed Shasta PEA representing a key strategic objective; systematically advancing all assets toward value-unlocking milestones, including technical studies, permitting-related work and exploration advancement; and delivering performance through discovery, with the company’s fully funded 2026 drilling campaign at Anyox expected to conclude by the end of June,

In parallel, TDG continues to evaluate the potential for additional Aurora-style gold-rich copper porphyry targets in the vicinity of Aurora West.