CA Market News
1週前
Toogood Gold Commences First-Ever Systematic Exploration Program at Table Mountain Gold-Silver Project, NevadaJune 2, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 2, 2026) - Toogood Gold Corp. (TSXV: TGC) (OTCQB: TGGCF) (FSE: D3P) ("Toogood" or the "Company") is pleased to announce the commencement of the first-ever systematic, property-wide exploration program ("Phase 1") at its Table Mountain Gold-Silver Project ("Table Mountain" or the "Project"), located in Lincoln County, Nevada.Key Points SummaryPhase 1 program underway: Systematic, property-wide exploration has commenced at Table Mountain;Property-wide soils: Over 6,150 soil samples planned on a NW-SE oriented grid covering the full Project area; Detailed mapping: 1:5,000-scale geological and structural mapping led by VP Exploration Lee Hess, a structural geologist with extensive experience in Great Basin gold systems, including 10 years with SSR Mining's Global Project Generation team;Prospecting, rock sampling and spectral program: Dedicated property-wide prospecting, rock sampling and hand-held spectral scanning program (targeting 250 rock samples);High-resolution ground gravity: 1,673 stations on a 100 x 100 metre grid to define subsurface structural architecture;High-resolution drone magnetics: 25 metre line-spacing (767 line-km) to refine structural framework;Phase 2 exploration: To commence after completion of Phase 1, including controlled-source audio-frequency magnetotellurics ("CSAMT") to map deeper resistive features, in conjunction with drill-target-focused follow-up mapping, prospecting and rock sampling;Clear path to drilling: Phases 1 and 2 are designed to deliver ranked drill targets in Q3 2026.Management Commentary"Table Mountain represents a rare opportunity to apply modern, systematic exploration to a district-scale, undrilled low-sulphidation epithermal gold-silver system in Nevada," stated Colin Smith, CEO of Toogood Gold Corp. "Lee and I recently returned from field reconnaissance at Table Mountain and came away very excited by the scale of exposed epithermal veining, the regional structural framework, newly observed unmapped vein occurrences, and ultimately, by the opportunity to evaluate the Project for the first time with a modern, integrated exploration program. This Phase 1 program is designed to rapidly build the first integrated property-wide dataset at Table Mountain and advance the Project toward prioritized targets for a maiden drill campaign."Phase 1 Exploration SummaryThe Phase 1 program is designed to establish the first integrated, property-wide exploration dataset at Table Mountain. Work will combine systematic soil geochemistry, detailed geological and structural mapping, prospecting, rock sampling, handheld spectral analysis, ground gravity and UAV magnetics to define priority structural corridors, alteration patterns and geochemical anomalies across the Project.The resulting dataset will be used to rank targets for Phase 2 follow-up work, including CSAMT geophysics and drill-target-focused mapping and sampling, with the objective of advancing Table Mountain toward a maiden drill campaign.The integrated Phase 1 exploration dataset is designed to:Delineate, extend and refine known kilometre-scale structural corridors;Identify new epithermal vein occurrences and prospective structural corridors;Define coherent geochemical anomalies across the alteration footprint;Constrain structural and geological controls on mineralization; andGenerate and rank drill targets.Soil GeochemistryProperty-wide soil sampling will be conducted by North American Exploration ("NAE"), comprising over 6,150 samples collected on a systematic grid with 25-metre sample spacing along 100-metre-spaced lines (Figure 1). The program is designed to delineate coherent gold, silver and multi-element epithermal pathfinder anomalies (Sb-As-Hg ± Mo) across the 4 x 2 km hydrothermal system. Soil geochemistry will facilitate vectoring along multiple kilometre-scale structural corridors interpreted as primary fluid conduits for mineralization.Geological and Structural MappingDetailed 1:5,000-scale geological and structural mapping will be conducted across the property by the Company's Vice President of Exploration, Lee Hess. Mapping will focus on vein architecture, structural controls, alteration zonation, and epithermal textural relationships to support vectoring toward mineralized structures.Mr. Hess is a structural geologist with 15 years' experience in Great Basin gold systems, including 10 years with SSR Mining's Global Project Generation team, where he advanced multiple Nevada greenfield concessions to drill-ready stage.Prospecting, Rock Sampling and Spectral ScanningBig Rock Exploration ("Big Rock") has been engaged to conduct property-wide prospecting and rock sampling, targeting approximately 250 rock samples. All rock samples and key outcrops will be scanned with a handheld analytical spectral device (TerraSpec Halo), enabling rapid characterization of alteration mineralogy and vectoring toward prospective zones.Ground Gravity SurveyMagee Geophysical Services LLC ("Magee") will conduct a high-resolution, property-wide ground gravity survey comprising approximately 1,673 stations on a 100 m × 100 m grid. The survey is designed to support interpretation of basin geometry, structural architecture, and potential density contrasts associated with mineralized systems (Figure 1).Drone Magnetic SurveyMWH Geo-Surveys International Inc. ("MWH") will complete a high-resolution, property-wide unmanned aerial vehicle ("UAV") magnetic survey, comprising approximately 767 line-kilometres at 25-metre line spacing. The survey is designed to refine the structural framework, delineate fault corridors, and support integration with geological mapping, geochemistry, and ground gravity geophysics (Figure 1).Figure 1: Proposed UAV magnetics, ground gravity, and soils grid, Table Mountain Project.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/299768_63a06e9f5468ebd3_002full.jpgAnalytical Procedures All soil and rock samples will be submitted to MSALABS ("MSA") in Elko, Nevada for sample preparation, with analytical work conducted at MSA's ISO/IEC 17025 accredited facilities. Sample preparation and analytical procedures will be performed in accordance with industry-standard practices and the laboratory's established quality assurance and quality control protocols.Soil samples will be prepared using method PRP-757 (drying and screening to -80 mesh fraction). Gold will be analyzed by 30-gram fire assay with ICP-ES finish (FAS-114). Multi-element geochemistry will be determined by four-acid digestion with ICP-MS finish (48 elements), with mercury analyzed separately (IMS-2305 or equivalent ultra-trace method).Rock samples will be prepared using method PRP-910 (drying, crushing, splitting, and pulverizing to 85% passing 75 µm). Gold will be analyzed by 30-gram fire assay with ICP-ES finish (FAS-114). Multi-element geochemistry will be determined by four-acid digestion followed by ICP-MS analysis, including mercury (IMS-230).Quality Assurance, Quality Control ("QA/QC")The Company will implement a QA/QC program for all soil and rock sampling in accordance with industry best practices. Certified reference materials ("CRMs") and blank samples sourced from CDN Resource Laboratories will be inserted into the sample stream at regular intervals, representing approximately 5% of total samples, consisting of one CRM, one blank, and one field duplicate per 50 samples.MSALABS ("MSA") also conducts its own internal QA/QC procedures in accordance with ISO/IEC 17025 accredited laboratory protocols, including the insertion of standards, blanks, and duplicate analyses.The Company will systematically review analytical results, including QA/QC data, to verify accuracy and precision. Any analytical results failing to meet established QA/QC criteria will be subject to investigation and may be re-analyzed or re-assayed as appropriate.Qualified PersonColin Smith, M.Sc., P.Geo., a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Smith is not independent and serves as CEO and Director of Toogood Gold Corp. and owns securities of the Company.About Toogood Gold Corp.Toogood Gold Corp. is a Canadian exploration company focused on the discovery and advancement of high-grade gold systems in tier-one mining jurisdictions. The Company has two core areas of focus: the Table Mountain Project in Nevada, where the Company has an option to earn a 100% interest in a large, undrilled low-sulphidation epithermal system with extensive surface alteration and multiple mineralized vein exposures; and the district-scale Toogood Gold Project in Newfoundland, where the Company has an option to earn a 100% interest in a 164 km² land package covering a highly prospective and underexplored gold district with multiple target areas and demonstrated gold prospectivity.On Behalf of the Board of Directors Colin Smith
Director & CEO
Toogood Gold Corp.For further information contact:
Colin Smith, Director & CEO
+1 778 726-3356info@toogoodgoldcorp.comAdditional information about Toogood Gold Corp. can be found at www.sedarplus.ca.Forward-Looking InformationThis press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299768 Original: Toogood Gold Commences First-Ever Systematic Exploration Program at Table Mountain Gold-Silver Project, Nevada
CA Market News
2週前
Toogood Gold Signs Definitive Agreement for Option to Earn 100% Interest in the Table Mountain Project, NevadaMay 29, 2026 8:30 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 29, 2026) - Toogood Gold Corp. (TSXV: TGC) (OTCQB: TGGCF) (FSE: D3P) ("Toogood" or the "Company") today announced that it has entered into a definitive option agreement (the "Definitive Agreement") dated May 26, 2026 with Orogen Royalties Inc. and its subsidiary GenEx Exploration Inc. (collectively "Orogen"), and Altius Resources Inc. ("Altius"), and together with Orogen, the ("Vendors"), pursuant to which the Company has the exclusive right to earn a 100% interest in the Table Mountain Project (the "Project" or "Table Mountain"), located in Lincoln County, Nevada.Key Points SummaryDefinitive Agreement executed: Toogood has secured an exclusive option to earn a 100% interest in the Table Mountain Project in Nevada;Undrilled, district-scale low-sulphidation epithermal system: 4 x 2 km alteration footprint with multiple outcropping Au-Ag-bearing epithermal veins;Compelling first-pass geochemistry: Rock assays up to 2.6 g/t Au and >50 g/t Ag with strong Sb-As-Hg pathfinder anomalism, further supporting low-sulphidation epithermal affinity;No historical drilling: Large, well-preserved system remains effectively untested by modern exploration;Strategic location: 2-hour drive from Las Vegas and 10 km south of the Atlanta Gold Mine within the Indian Peak Caldera Complex;Aligned vendor structure: Equity-based earn-in with a 3.0% net smelter return ("NSR") royalty and staged buydown rights to 2.0%;Phase 1 exploration: Systematic property-wide campaign has commenced, including soil geochemistry (>6,150 samples), 1:5,000-scale structural and geological mapping, ground gravity, drone magnetics, prospecting, rock sampling and hand-held spectral analyses; Phase 2 exploration: Planned following Phase 1 and expected to include controlled-source audio-frequency magnetotellurics ("CSAMT") to map deeper resistive features, together with drill-target-focused mapping, prospecting and rock sampling; andMaiden drill program: Phase 1 exploration designed to deliver ranked drill targets and a permit-ready drill plan in Q3 2026.Management Commentary"The Definitive Agreement marks an important milestone for Toogood, securing our exclusive option on Table Mountain as we advance the project through its first-ever systematic, property-wide exploration program," stated Colin Smith, CEO of Toogood Gold Corp. "Table Mountain represents a rare opportunity to evaluate an undrilled, district-scale low-sulphidation epithermal system in Nevada, with a large alteration footprint, multiple outcropping Au-Ag-bearing veins, strong pathfinder geochemistry and clear structural vectors. With agreements now in place and Phase 1 exploration underway, our focus is on rapid, disciplined execution to generate and refine high-confidence drill targets ahead of a targeted maiden drill campaign later this year."Table Mountain Project OverviewTable Mountain is a large, well-preserved low-sulphidation epithermal gold-silver system located within the Indian Peak Caldera Complex in southeastern Nevada (Figure 1). The Project comprises 184 unpatented lode mining claims administered by the Bureau of Land Management ("BLM") totaling 1,538 hectares.Work completed in 2025 defined a coherent hydrothermal alteration cell of distinct low-sulphidation epithermal affinity, measuring approximately 4 km by 2 km, characterized by kaolinite-dominant alteration with local illite and alunite assemblages (Figure 2). Multiple outcropping quartz-chalcedony veins display classic epithermal textures, including crustiform-colloform banding and silicified platy calcite, consistent with an upper-level epithermal system (Figure 3).Reconnaissance rock sampling returned gold values up to approximately 2.6 g/t Au and silver values exceeding 50 g/t Ag, supported by strong epithermal pathfinder geochemistry (Sb-As-Hg).The system is interpreted to be exposed at a high structural level, with potential for preserved boiling horizons at depth. For additional information, please refer to Toogood Gold Corp.'s news release dated March 2, 2026.Figure 1: Location of Table Mountain, showing producing and past-producing gold mines, major gold deposits and the approximate location of the Cenozoic southern Great Basin ignimbrite province in Nevada (ignimbrite province modified from Stewart and Carlson, 1976).To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/299528_602bbe6ba44d0b12_002full.jpgFigure 2: Plan Map of Table Mountain Project, Nevada, showing SWIR and LWIR alteration mineralogy, rock sample assays, structure, and lineaments.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/299528_602bbe6ba44d0b12_003full.jpgFigure 3: Vein material from outcropping vein at Table Mountain displaying crustiform-colloform banded chalcedony and fine-grained quartz textures with silicified bladed (platy) calcite, consistent with an upper-level low-sulphidation epithermal environment.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/299528_602bbe6ba44d0b12_004full.jpgTransaction SummaryUnder the terms of the Definitive Agreement, Toogood has been granted an exclusive option to earn a 100% interest in the Project by issuing an aggregate of 16,683,431 common shares to the Vendors, as follows:1,000,000 common shares issuable within three business days of the Effective Date;3,500,000 common shares on or before the date that is six months from the Effective Date;5,500,000 common shares on or before the first anniversary of the Effective Date; and6,683,431 common shares on or before the second anniversary of the Effective Date.The "Effective Date" is defined as the date on which all required regulatory approvals, including approval of the TSX Venture Exchange, have been obtained.The Definitive Agreement also provides for a 3.0% net smelter return ("NSR") royalty on the Project, of which:0.5% may be repurchased for US$5.0 million in cash at any time until the fourth anniversary of the recordation of the Deed following exercise of the Option (the "First Buydown Right");an additional 0.5% may be repurchased for US$15.0 million in cash, with such additional buydown right triggered upon delivery of a prefeasibility study ("PFS") or feasibility study ("FS") (the "Second Buydown Right"); andexercising the First Buydown Right is not required to exercise the Second Buydown Right.The transaction remains subject to customary conditions, including approval of the TSX Venture Exchange.Shares for Debt TransactionFurther to its news release dated September 22, 2025, the Company also announces that it intends to settle outstanding indebtedness in the aggregate amount of $110,000 owing to Canaccord Genuity Corp. (the "Advisor") by issuing 1,000,000 common shares of the Company (the "Fee Shares") at a deemed price of $0.11 per common share (the "Shares for Debt Transaction"), pursuant to an amended and restated advisory agreement between the Company and the Advisor (the "Amended Advisory Agreement"), which amends and restates the original advisory agreement dated September 22, 2025.The indebtedness to be settled pursuant to the Shares for Debt Transaction represents an advisory fee for financial advisory, consulting and support services rendered by the Advisor to the Company on a non-exclusive basis during the period from April 1, 2025, to June 30, 2025. The advisory fee was negotiated at arm's length and, in the view of management, is consistent with market rates for comparable advisory services.All Fee Shares issued pursuant to the Shares for Debt Transaction will be subject to a statutory hold period expiring four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. In addition, the Fee Shares will be subject to the following voluntary resale restrictions: (a) 50% of the Fee Shares will have no voluntary hold period restrictions; (b) 25% of the Fee Shares will be released and become freely tradable on the date that is six months following the effective date of the Amended Advisory Agreement; and (c) the remaining 25% of the Fee Shares will be released and become freely tradable on the date that is 12 months following the effective date of the Amended Advisory Agreement, in each case subject to certain acceleration conditions set forth in the Amended Advisory Agreement.Completion of the Shares for Debt Transaction is subject to acceptance of the TSX Venture Exchange.QA/QC and Analytical MethodsThe Table Mountain assay results reported herein are derived from first-pass reconnaissance rock samples that were selective or grab in nature and are not necessarily representative of overall grade or true width. Samples were analyzed by ALS Geochemistry using Au-ICP21 (30-gram fire assay with ICP-AES finish) and multi-element methods Hg-MS42 and ME-MS61, with sample preparation completed at ALS Reno and analyses completed at ALS Vancouver. The Company has not independently verified the 2025 reconnaissance results reported herein and such results should be considered preliminary; however, the Company considers the data relevant for the purposes of guiding exploration and disclosure. Orogen's initial reconnaissance program did not include the insertion of certified reference materials, blanks, or field duplicates, and accordingly, the results should be considered preliminary in nature. The Company intends to implement industry-standard QA/QC protocols, including the systematic insertion of CRMs, blanks, and field duplicates, in all future sampling programs.Qualified PersonColin Smith, M.Sc., P.Geo., a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Smith is not independent and serves as CEO and Director of Toogood Gold Corp. and owns securities of the Company.Certain third-party reconnaissance data disclosed herein has not been independently verified by the Company but is considered relevant and reliable for the purposes of this disclosure.About Toogood Gold Corp.Toogood Gold Corp. is a Canadian exploration company focused on the discovery and advancement of high-grade gold systems in tier-one mining jurisdictions. The Company has two core areas of focus: the Table Mountain Project in Nevada, where the Company has an option to earn a 100% interest in a large, undrilled low-sulphidation epithermal system with extensive surface alteration and multiple mineralized vein exposures; and the district-scale Toogood Gold Project in Newfoundland, where the Company has an option to earn a 100% interest in a 164 km² land package covering a highly prospective and underexplored gold district with multiple target areas and demonstrated gold prospectivity.On Behalf of the Board of Directors Colin Smith
Director & CEO
Toogood Gold Corp.For further information, contact:
Colin Smith, Director & CEO
+1 778 726-3356info@toogoodgoldcorp.comAdditional information about Toogood Gold Corp. can be found at www.sedarplus.ca.Forward-Looking InformationThis press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299528 Original: Toogood Gold Signs Definitive Agreement for Option to Earn 100% Interest in the Table Mountain Project, Nevada
CA Market News
2月前
Toogood Gold Corp. Appoints Lee Hess as Vice President, ExplorationApril 7, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 7, 2026) - Toogood Gold Corp. (TSXV: TGC) (OTCQB: TGGCF) (FSE: D3P) ("Toogood" or the "Company") today announced the appointment of Mr. Lee Hess, M.Sc., as Vice President, Exploration. Mr. Hess will lead exploration strategy, geological modelling and target generation, with a primary focus on defining high-priority maiden drill targets at the Table Mountain Project in Nevada and advancing district-scale exploration at the Toogood Gold Project in Newfoundland. He will also support the evaluation and generation of growth opportunities throughout the Americas. Jo Price will transition from Vice President, Exploration to an advisory role and will continue to provide strategic guidance in support of the Company's exploration programs.Management Commentary"I first had the opportunity to work with Lee at SSR's Seabee Gold Operation and can personally attest to his exceptional technical abilities. He is a highly regarded structural geologist with extensive experience generating and advancing targets in the Great Basin and other prolific epithermal gold-silver districts across North and South America," stated Colin Smith, CEO of Toogood Gold Corp. "His deep background in structurally controlled gold systems and project generation will further strengthen our disciplined approach to portfolio growth, and we are very pleased to welcome him to the team.""I am excited to join Toogood at this pivotal stage of growth," commented Mr. Hess, VP, Exploration. "Table Mountain exhibits the hallmarks of a structurally controlled, district-scale low-sulphidation epithermal gold-silver system in Nevada's Great Basin. I look forward to integrating structural interpretation with high-impact systematic exploration to rapidly define and prioritize high-quality maiden drill targets, while continuing to advance district-wide exploration at the Toogood Gold Project in Newfoundland."Lee Hess, Vice President, Exploration (M.Sc.)Mr. Hess brings 15 years of experience focused on structurally controlled gold systems across North and South America, most recently serving as Senior Geologist, Global Project Generation with SSR Mining Inc. ("SSR"). In that role, he led generative exploration and technical due diligence initiatives across Canada, the United States, and Argentina, with particular emphasis on the Great Basin. In Nevada, he advanced multiple greenfield concessions to drill-ready status and completed multi-year lithologic and structural mapping campaigns at the Marigold Mine complex (>5 Moz Au produced; approximately 2.9 Moz Au in Mineral Reserves and 2.1 Moz Au in Mineral Resources, based on SSR public disclosures, as of December 31, 2024), which aimed to delineate sulfide mineralization.Mr. Hess has also managed brownfield and greenfield exploration for several low- to intermediate-sulphidation epithermal systems in Argentina, including Chinchillas, Pirquitas and Cortaderas, as well as orogenic greenstone deposits in Saskatchewan, including Seabee, Santoy, Fisher and Porky. Mr. Hess holds a Master of Science degree from the University of Nevada, Las Vegas, focused on structural geology and tectonics of the southern Cordillera.The Company intends to grant 250,000 stock options exercisable at a price of $0.11 CAD for five years and 150,000 restricted share units ("RSUs") to Mr. Hess subject to vesting in accordance with its equity incentive plan. The grant of the options, RSU's and the appointment of Mr. Hess are subject to TSX Venture Exchange approval.About Toogood Gold Corp.Toogood Gold Corp. is a Canadian exploration company focused on the discovery and advancement of high-grade gold systems in tier-one mining jurisdictions. The Company has two core areas of focus: the Table Mountain Project in Nevada, a large, undrilled low-sulphidation epithermal system with extensive surface alteration and multiple mineralized vein exposures; and the 100%-owned, district-scale Toogood Gold Project (164 km²) in Newfoundland, a highly prospective and underexplored gold district with multiple target areas and demonstrated gold prospectivity.On Behalf of the Board of Directors Colin Smith
Director & CEO
Toogood Gold Corp.For further information contact:
Colin Smith, Director & CEO
+1 778 726-3356info@toogoodgoldcorp.comAdditional information about Toogood Gold Corp. can be found at www.sedarplus.ca.Forward-Looking InformationThis press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291395
Original: Toogood Gold Corp. Appoints Lee Hess as Vice President, Exploration
CA Market News
3月前
Toogood Gold Reports 76.89 g/t Gold and Defines 8.5 Km High-Grade Gold Trend at the Toogood Gold Project, NewfoundlandMarch 25, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 25, 2026) - Toogood Gold Corp. (TSXV: TGC) (OTCQB: TGGCF) (FSE: D3P) ("Toogood" or the "Company") reports final results from its Phase 2 surface exploration program at the Company's 100%-owned Toogood Gold Project (the "Project"), located on New World Island, Newfoundland.Highlights:High-grade gold up to 76.89 g/t confirmed, with additional results of 4.88 g/t and 4.49 g/t Au confirmed along the 8.5 km Shoreline gold trend (Figure 2), demonstrating district-scale potential;Additional high-grade mineralization confirmed at key target areas:34.50 g/t, 3.09 g/t and 2.93 g/t Au from quartz veins at Chimo, Vic, and Hank targets;Multiple new kilometre-scale gold corridors outlined in the NE Block (Figures 3 and 4):4 km Burnt Arm Trend, 2 km Western Trend and 1 km Eastern Trend;Strong alignment between gold mineralization and major structural controls supports a scalable, structurally controlled gold system;Over 650 rock and soil samples collected, significantly advancing geological understanding and target definition;Multiple high-priority drill targets defined, with work advancing toward initial drill testing.Management Commentary"Phase 2 results continue to demonstrate the scale and prospectivity of the Toogood Gold Project, with high-grade gold confirmed along an 8.5-kilometre-long trend and multiple kilometre-scale soil anomalies defined from regional sampling," stated Colin Smith, CEO of Toogood Gold Corp. "The strong alignment between surface mineralization, coherent geochemical signatures, and well-defined structural controls, including key lithological contacts and district-scale faults, provides a robust targeting framework to define and advance a growing pipeline of high-quality drill target corridors."Geological Advancement and TargetingPhase 2 exploration at the Toogood Gold Project (Q4, 2025) integrated detailed structural mapping, prospecting, and soil sampling, significantly advancing the geological model. A total of 340 rock and 315 soil samples were collected, identifying new high-grade gold occurrences and multiple kilometre-scale gold-in-soil anomalies (Figure 1).Phase 2 mapping has materially improved the Company's understanding of structural controls on gold mineralization. Work on the Project has identified at least two semi-continuous mineralized zones developed along the sheared northern margin of the regionally extensive Mélange Complex.Mineralization is characterized by stockwork quartz-carbonate veining within altered and brecciated volcaniclastic rocks, commonly associated with sulphidic black shales. Key controls on mineralization include:Structural convergence zones where multiple foliations, shears, and faults intersect, resulting in thickened and higher-grade mineralized zones;Reactive lithological contacts, particularly between mafic-intermediate volcaniclastic rocks and black shales; andLocal enhancement of mineralization where intermediate porphyry dikes and sills intersect these favourable horizons.These observations support a structurally controlled gold mineralizing system at both regional and local scales, underscoring the potential for significant gold mineralization across the Project.Next StepsResults from Phase 2 have defined multiple high-priority, structurally coherent target corridors in the NE Block, with strong spatial coincidence between gold-in-soil anomalies and interpreted structural controls.The Company intends to advance these corridors toward drill testing, with current work focused on refining and prioritizing high-confidence targets along the Burnt Arm Fault corridor and parallel structures.Planned 2026 work will include:Infill and regional soil sampling to better delineate anomalies and expand coverage into unsampled areas;Structural mapping and prospecting along auriferous corridors; andDrill target generation and ranking.This integrated approach is designed to efficiently convert surface anomalies into high-confidence, scalable drill targets and support systematic evaluation of the Project's emerging gold corridors.Figure 1. 2025 Rock and soil samples, Toogood Gold Project, Newfoundland.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/289809_c3086b80b4e3e8fc_002full.jpgNotes: Historical assay values have not been independently verified by the Company and a potential investor should not place undue reliance on such results when making an investment decision, nor should they be used as the sole criterion for making investment decisions. There is no assurance that the Company can reproduce such results or that the historical results described herein will be realized.Grab samples are selective in nature and may not be representative of mineralization hosted on the Project.Figure 2. Shoreline trend mapping and rock sampling, Toogood Gold Project, Newfoundland.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/289809_c3086b80b4e3e8fc_003full.jpgFigure 3. 2025 and historical soil sampling, Toogood Gold Project, Newfoundland.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/289809_c3086b80b4e3e8fc_004full.jpgFigure 4: Kilometre-scale gold-in-soils anomalies, Toogood Gold Project, Newfoundland.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/289809_c3086b80b4e3e8fc_005full.jpgAnalytical ProcedureAll 2025 samples referenced in this release were prepared and analyzed by Eastern Analytical Limited (ISO/IEC 17025 accredited) in Springdale, Newfoundland. Gold analysis was completed by fire assay with an atomic absorption (AA) finish, and multi-element analysis was conducted using a 34-element ICP package.Quality Assurance / Quality Control ("QA/QC")The Company implemented standard industry QA/QC procedures for the 2025 program, including the insertion of certified reference materials and blank samples into the sample stream to monitor analytical accuracy and precision.Qualified PersonColin Smith, M.Sc., P.Geo., a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this news release. Mr. Smith is not independent and serves as CEO and Director of Toogood Gold Corp. and owns securities of the Company.The scientific and technical information disclosed herein includes historical exploration results that have not been independently verified by the Company; however, the Qualified Person considers such information to be relevant for the purposes of this disclosure. A Qualified Person has not completed sufficient work to verify the historical information, and it should not be relied upon for the purposes of defining mineral resources.About Toogood Gold Corp.Toogood Gold Corp. is a Canadian exploration company focused on the discovery and advancement of high-grade gold systems in tier-one mining jurisdictions. The Company has two core areas of focus: the Table Mountain Project in Nevada, a large, undrilled low-sulphidation epithermal system with extensive surface alteration and multiple mineralized vein exposures; and the 100%-owned, district-scale Toogood Gold Project (164 km²) in Newfoundland, a highly prospective and underexplored gold district with multiple target areas and demonstrated gold prospectivity.On Behalf of the Board of Directors Colin Smith
Director & CEO
Toogood Gold Corp.For further information contact:
Colin Smith, Director & CEO
+1 778 726-3356
info@toogoodgoldcorp.comAdditional information about Toogood Gold Corp. can be found at www.sedarplus.ca.Forward-Looking InformationThis press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Generally, forward looking information can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289809
Original: Toogood Gold Reports 76.89 g/t Gold and Defines 8.5 Km High-Grade Gold Trend at the Toogood Gold Project, Newfoundland
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