en.Wedoany.com Reported - TDG Gold Corporation, listed on the TSX-V, has initiated a Preliminary Economic Assessment (PEA) for its wholly-owned Shasta silver-gold project in the Greater Shasta-Newberry area of the Toodoggone region, British Columbia.
TDG has commissioned Ausenco Engineering Canada as the lead consultant for this PEA, with the assessment targeted for completion in the third quarter. This initial study will establish the first economic baseline for the Shasta project by evaluating existing mineral resources within a preliminary mine plan and processing flowsheet, combined with the company's infrastructure framework and existing permits.
In addition to establishing a base case for Shasta, the PEA will evaluate a broader development scenario that may incorporate mineralized material from the Mets mining lease and historical tailings reprocessing at the Baker tailings storage facility. The study will provide shareholders with a set of initial project metrics covering potential scale, capital intensity, operating cost profile, mine life, economic sensitivities, and opportunities for future optimization.
Fletcher Morgan, CEO and Director of TDG, stated that mineral resources are an important foundation, but investors need to understand the potential economic significance of those resources. He confirmed that the PEA aims to provide the first rigorous economic framework for Shasta and identify the key technology economic drivers that will guide future work.
TDG management believes that, given the success of the 2025 Aurora West drilling campaign, the discovery potential of gold-rich porphyry, Shasta's existing mineral resources, combined with its existing permits, access and route proximity to Aurora, and the Mets mining lease (which contains higher-grade, shallower, thicker gold resources in the region with expansion potential), the group's wholly-owned Toodoggone assets are currently undervalued.
The company's three core objectives include: demonstrating value within the existing asset portfolio, with the proposed Shasta PEA being a key strategic goal; systematically advancing all assets toward value realization milestones, including technical studies, permitting-related work, and exploration advancement; and achieving performance through discovery. The company's fully funded Anyox 2026 drilling campaign is expected to conclude by the end of June. Additionally, TDG is continuously evaluating other potential Aurora-style gold-rich copper porphyry targets near Aurora West.
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