TDG Gold Corp. (TSXV: TDG) reported this morning the results of the mineral resource estimate conducted at the Nueva Esperanza silver-gold project in Maricunga Belt, Chile. The estimate was prepared via independent engineering firms Moose Mountain Technical Services and Atticus Chile S.A.
The report outlines an indicated mineral resource estimate of 14.44 million tonnes containing 54.3 million ounces of silver equivalent grading at 116.98 g/t. Additionally, inferred mineral resources is estimated at 17.06 million tonnes containing 52.7 million ounces of silver equivalent grading at 96 g/t.
The Nueva Esperanza site is composed of three deposits, namely Arqueros, Teterita, and Chimberos. TDG Gold previously announced that it had entered a non-binding letter of intent to acquire the Nueva Esperanza project.
The company also relayed that an independent technical report is expected to be completed and published to support the resource estimate report. This report has been delayed due to weather conditions in northern Chile where the project is located.
TDG Gold last traded at $0.55 on the TSX Venture.
Information for this briefing was found via Sedar and TDG Gold. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.