As a brief recap: About a month ago, the AMARC HDI team, led by the Robert Dickinson, announced a significant new discovery. This marked a major shift in the Toodoggone area, unveiling a fresh perspective of approximately 50 kilometers of highly promising geological terrain for exploration. The discovery has had a substantial market impact, driving up AMARC HDI’s share price—along with that of neighboring companies—by as much as 5x compared to their pre-discovery baseline at the start of the year. The adjacent and siginificantly effected companies, are:

The re-rating is summarized in Figure 1 with their respective % increase.

**Figure 1:** Increase to new Heights in valuation [AHR; TDG; FYL]

The causality of the discovery and its carry-over effect on other companies can be largely attributed to three factors:

The major scale of the envisioned mineral systems, extending beyond claim boundaries.
Mother natures geological formations, shaped over millions of years, that do not conform to human-drawn claim maps.
A Paradigm Shift in the exploration model applied in the region, driven by the clear identification of a highly mineralized system.

It is worth noting that the traces leading to this Paradigm Shift are not entirely new. Rather, they represent some of the most reliable, well-established, and mineral-rich indicators in the region. These traces, following the fault structure at Kemess South, had been neglected or deprioritized as key indicators of high-grade mineralization for some time.

Stepping back nearly 50 years, a similar discovery of a large, industrial-scale porphyry system was made in the Toddoggone. Through the highly skilled application of geological expertise, the initial find in 1975 evolved into what became the Kemess South Deposit. It should come as no surprise that the same team that led this transformation, from initial discovery to resource delineation and, ultimately, commercial production in 1998, has now identified what may be the most significant porphyry system in British Columbia in recent years. This latest discovery, AuRORA, was publicly announced on January 17 2025 by HDI AMARC (see the official news release here).

To say the very least, HDI AMARC, are a seasoned squad of veterans in the Tooddoggone. Once more they seem to be the player on the pitch that is just standing at the right place where the ball is going, with the highest efficiency and precision. Scoring once again, final whistle and lifting the trophy. An entry in the Canadian Mining Hall of fame was granted in 2012, prior to this new discovery recognizing an unparalleled contribution to the mining industry.

Writing the following paragraph is a bit of a stretch on my end, it does seem that a high degree of former geological understanding played a key role in both the discovery itself and the decision to pursue this particular target. To provide additional context for what this means, Figure 2 presents an outline of the HDI AMARC Joy Property, illustrating the comprehensive IP Chargeability using different color codes. While the color distribution may appear similar across the map - or even more intensely purple in the center—the AuRORA discovery was made at the far northwest tip, marked by a star symbol. Even for a highly experienced geologist taking a broad view of the property and IP data, it would not be an obvious or intuitive choice to focus exploration efforts on that precise location. It should be part of the equation also, that this target is just at the claim border, saying “Hello” on the fence and most probably having to split the difference of whatever may be found. Mother-Nature, regardless of any claim boundaries, could not care less.

The point I am trying to make is that the Discovery of AuRORA should be seen in conjunction with the first discovery made by this team, the Kemess South Deposit, some 40-50 Years back. Building on from the original work of John Barakso / Kenecott Exploration. Correct, its the same Barakso name that now appears on the leadership of Finlay Minerals. These formerly outlined traces, that led to the region’s richest deposit appear to have served as both a systematic and intuitive guide in identifying this new target.

**Figure 2: JOY Claim Map, MineSweeper**

A New Drift

The former fault structure, which was instrumental in the formation of the Kemess South Deposit, appears to be a key resurging indicator for exploration efforts in the Toodoggone. This provides a renewed perspective on the region’s geology and its associated mineralization. Figure 3 highlights this fault structure as a red line within the broader geological map of the area.

Over the years, large-scale industrial exploration campaigns have targeted areas unrelated to this fault structure, often yielding only mediocre results. However, even these efforts, through trial and error, have contributed valuable insights. Now, with the new discovery, exploration is once again following the traces of the Kemess South Deposit, along the same geological structure—extending all the way to the AuRORA Discovery and beyond it, into TDG Gold’s claims. The HDI AMARC team has firsthand identified additional mineralization anomalies on their JOY property, independent of this corridor, though these have thus far yielded low-grade results. Until proven otherwise, the economically significant, high-grade mineralization appears to align with the re-emerging former corridor of the Kemess South Deposit.

TDG Gold Corp.

Given the new drift and confirmed High-Grade indicators by the AuRORA Discovery, major opportunities are opening up for the TDG Gold team. This being fully independent to, but highly supported by the findings of HDI Amarc with the AuRORA Deposit. The results released thus far have reinforced not only the potential for an economically viable deposit on HDI Amarc’s claims but also the theory of mineralization extending toward TDG’s Greater Shasta-Newberry area. Once again, Mother Nature does not adhere to human-drawn claim boundaries. TDG has recently published its comprehensive geological model, outlining how structural interpretations point to several significant porphyry targets. Their latest news release highlights this theory, supported by IP interpretation and the recognition of a fault structure within what they describe as the porphyry corridor. This corridor aligns with the Saunders Fault Structure, which extends continuously for over six kilometers across TDG’s claims. The primary structural interpretations in the vicinity of AuRORA are detailed in TDG’s latest news release, specifically in Figure 4. It should be emphasized that HDI AMARC's stake in the outlined deposit is constrained by its contractual joint venture agreement with Freeport McMoRan, potentially leaving them with only a 40% ownership, or less. In contrast, TDG holds full ownership of its claims.

**Figure 4:** Fault structures interpreted by TDG

It is also important to highlight that in 2024, TDG invested significant time and resources into a Lithic Drainage Sampling review. Despite being a costly and time-intensive endeavor, it yielded key findings. The fluid pathways aligned with the interpreted corridor, and mineralization anomalies were detected precisely where expected based on the geological model. In other words, the results closely corresponded with the porphyry system that would be discovered a year later. Figure 5 below illustrates these anomalies, marked by red dots, tracing the fault structure.

**Figure 5:** Red-Dots indicated the flow of liquids and mineralisation

The new corridor is making Newberry a highly prospective Target, underlined by the results of Lithic Drainig samples and the fault structure interpreation. Also the magnetic highs and lows reflected in Figure 4 suggests that whatever has caused the Gold and Copper anomalies in the area, is having a similarly architecture at Newberry. The outlined corridor comprises several other targets on TDG´s claim, while the most intuitive remains at Greater Shasta-Newberry. Figure 6+ 7.

**Figure 6:** Line-up of prospective Targets

**Figure 7: Saunders Fault and overlap to Finlays Door Handle**

Finlay Minerals Ltd.

Neighboring company Finlay, located along the eastern claim border, has experienced an equally dramatic revaluation following the AuRORA discovery. Their PIL property has also undergone a similar trial-and-error process, suggesting that, until proven otherwise, economically significant high-grade mineralization has not been strongly indicated. There was a former Joint Venture option agreement with Cascadia, who decided not to pursue with the buy-in into the project at the end of 2024.

While this may not seem immediately encouraging for Finlay, the new drift and interpretation of the porphyry corridor point to a concentrated target connected to the Finlay PIL claim - I just call it the "The Door Handle"—which extends into the Saunders Fault and largely follows TDG’s claim boundary. If the proposed geological model and associated mineralization hold true, this area could become a highly interesting and prospective target moving forward. The Door Handle and structure is shown in Figure 7, 8 & 9

Disclaimer

At the time of writing this Article, LnL-Research.com, published by L&L Consulting GmbH & Managing Director: Daniel Lütten; owned shares of TDG Gold Corp. purchased on the Open Market, through Private Placement and paid as Finders Fee’s from a Purchase Agreement in 2024. TDG Gold Corp. does not currently have an active paid advertising arrangement with LnL-Research.com. The articulated views in this article are to be considered biased in favour of TDG Gold Corp. LnL-Research.com may choose to buy or sell at any time without notice. LnL-Research.com does not own shares of HDI AMARC mentioned in this article. LnL-Research.com does not own shares of Finlay Minerals mentioned in this Article. This article does not constitute investment advice and is not a solicitation for any investment. LnL-Research.com does not provide general or specific investment advice and the information on LnL-Research.com should not be considered a recommendation to buy or sell any security, nor any other possible investment vehicle. Each reader is encouraged to consult with his or her personal financial advisor and perform their own comprehensive investment due dilligence. The content provided is for information and entertainment purposes only. By opening this page, each reader accepts and agrees to LnL-Research.com`s terms of use and full legal disclaimer. LnL-Reserach.com does not endorse or recommend the business, products, services or securities of any company, or other investment opportunities, mentioned.

Resurgence of abandoned traces in the Toodoggone

Disclaimer

TDG`s Greater Shasta-Newberry Target