Toogood Gold samples up to 76.89 g/t Au at Toogood

Executive Summary

• Toogood Gold Corp. released final results from its Phase 2 surface exploration program at the 100%-owned Toogood Gold Project in Newfoundland, confirming high-grade gold mineralization and defining an 8.5-kilometer high-grade gold trend.
• Significant high-grade intercepts were identified, including up to 76.89 g/t Au, with additional results of 4.88 g/t and 4.49 g/t Au along the Shoreline trend, demonstrating district-scale potential.
• The company has defined multiple new kilometre-scale gold corridors in the NE block (Burnt Arm, Western, and Eastern trends) and plans to advance these targets toward initial drill testing in 2026.

Key Details

• High-Grade Intercepts: Confirmed gold grades up to 76.89 g/t Au, along with 4.88 g/t Au and 4.49 g/t Au along the 8.5-kilometre Shoreline gold trend.
• Target Area Results:
  • Chimo, Vic, and Hank targets: 34.50 g/t, 3.09 g/t, and 2.93 g/t Au from quartz veins.
• New Trends Defined:
  • Four-kilometre Burnt Arm trend.
  • Two-kilometre Western trend.
  • One-kilometre Eastern trend.
• Sampling Effort: Over 650 rock and soil samples collected in Phase 2 (340 rock samples and 315 soil samples), significantly advancing geological understanding.
• Geological Controls: Mineralization is characterized by stockwork quartz-carbonate veining within altered and brecciated volcaniclastic rocks, associated with sulphidic black shales. Key controls include structural convergence zones, reactive lithological contacts (mafic-intermediate volcaniclastic rocks and black shales), and local enhancement where intermediate porphyry dikes and sills intersect favourable horizons.
• Next Steps (2026 Work Plan):
  • Infill and regional soil sampling to delineate anomalies and expand coverage.
  • Structural mapping and prospecting along auriferous corridors.
  • Drill target generation and ranking to advance high-confidence targets along the Burnt Arm fault corridor.
• Analytical Laboratory: Samples prepared and analyzed by Eastern Analytical Ltd. (ISO/IEC 17025 accredited) in Springdale, Nfld.
• Assay Method: Gold analysis completed by fire assay with an atomic absorption (AA) finish; multielement analysis conducted using a 34-element ICP package.
• Qualified Person: Colin Smith, MSc, PGeo, CEO and Director, reviewed and approved the technical information.

Notable Quotes

• "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, chief executive officer of Toogood Gold. "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."