TDG Gold Upsizes Non-Brokered Private Placement and Plans for Mets Drill Program

TDG Gold Corp (TSXV:TDG) has announced an increase in its non-brokered private placement to $2.2 million, up from the previously reported $2 million. The offering, which includes charity flow-through units priced at $0.20 per unit, is expected to close in early June.

The raised funds will support exploration activities in the Toodoggone mining district and general working capital. Notably, TDG plans prospect drilling on its Mets mining lease, where previous programs have identified multiple high-grade gold intervals. CEO Fletcher Morgan emphasized the transformative potential of further high-grade, near-surface gold ounces at Mets.

In 2023, TDG conducted a diamond drill program and high-resolution geophysics, unveiling additional targets that merit exploration. VP Exploration Steven Kramar expressed confidence in expanding the mineralized zone through new drilling.