Shares of TDG Gold traded 1% higher at C$0.46 by midday Monday, with a market capitalization of C$66.2 million ($46m). Its 52-week high was C$0.59, while its lowest was C$0.085.
Additionally, Skeena will sell its 90-sq.-km Sofia property to TDG in exchange for 8 million shares of TDG at a deemed price of $0.50 per share. Acquired by Skeena in 2021, the Sofia project borders TDG’s concessions in the Toodoggone district.
The project is the subject of a nine-hole drill program that intercepted low-grade porphyry-style mineralization, interpreted by Skeena as potentially peripheral to a better mineralized system.
TDG holds mineral claims covering approximately 320 sq. km of the historical Toodoggone production corridor, including the past-producing gold-silver Shasta and Baker mines, which produced intermittently between 1981-2012, and the historical high-grade gold Mets developed prospect.
These projects,…
