Assay Results Ignite This Gold Miner’s Stock as Shares Hit All-Time Highs
As broader markets pull back on rising bond yields and tariff concerns, commodities like gold are benefiting, with the metal off to a strong start in September. One miner, however, is outperforming even gold itself, surging to all-time highs on the back of strong assay results.
As mentioned, shares of TDG Gold Corp. (TSX-Venture: TDG)(OTCQX: TDGGF) are surging as the company announced this morning encouraging early assay results from its first drillhole at the AuWEST target, part of the company’s wholly owned Greater Shasta-Newberry project in British Columbia’s Toodoggone District. Drillhole TDG25-001 returned 100.0 metres averaging 2.24 g/t gold and 0.38% copper, within a broader 240.6-metre interval grading 1.23 g/t gold and 0.23% copper. The hole was drilled nearly vertical and collared within 20 metres of the boundary with Freeport-McMoRan Inc. (NYSE: FCX) - Amarc Resources Ltd. (TSX-Venture: AHR)(OTCQB: AXREF) AuRORA1 copper-gold porphyry discovery.
Fletcher Morgan, TDG's CEO, commented: "The Freeport-Amarc AuRORA1 discovery ranks among the highest-grade copper-gold porphyry systems recorded in BC, positioning it as a significant new development in the region. Our priority this season is to determine the extent of the AuRORA1-style mineralization on to our 100%-owned GSN project, located just 1 km from the Shasta gold-silver deposit. Preliminary assay results from drillhole #1, along with similar styles of mineralization observed in subsequent holes, point to a very encouraging start. We believe we may be in the early stages of outlining a new high-grade critical mineral system of substantial scale within BC's prolific Golden Horseshoe."
Shares of TDG are currently up 44.74% at $1.10 while U.S. listed shares (TDGGF) are up 67.6% at $0.8129 in mid-morning trading.
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