Northwire Canada EditionThursday, August 6, 2026
Northwire
ARTG 37.67 +7.3% SAGE 0.120 +4.3% NTR 93.88 −0.3% ERO 42.71 +4.6% EDR 12.55 +7.1% IFOS 2.23 −0.5% URE 1.80 −2.2% AAUC 27.50 +4.3% IMR 0.145 +3.6% EQX 14.50 +7.4% OGC 37.67 +6.8% TFPM 43.89 +4.4% SGD 15.42 +5.4% BKM 2.55 +3.2% OR 45.20 +4.4% CDE 24.46 +7.2% ARTG 37.67 +7.3% SAGE 0.120 +4.3% NTR 93.88 −0.3% ERO 42.71 +4.6% EDR 12.55 +7.1% IFOS 2.23 −0.5% URE 1.80 −2.2% AAUC 27.50 +4.3% IMR 0.145 +3.6% EQX 14.50 +7.4% OGC 37.67 +6.8% TFPM 43.89 +4.4% SGD 15.42 +5.4% BKM 2.55 +3.2% OR 45.20 +4.4% CDE 24.46 +7.2%
Drill Results

Toogood Gold talks survey results at Toogood project

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Executive Summary

  • Toogood Gold Corp. released results from a high-resolution deep-ground penetrating radar (DGPR) survey at its Toogood gold project in Newfoundland, which successfully imaged the gold-hosting felsic dike at depth and under cover.
  • The survey identified a continuation of the mineralized structure extending greater than 300 meters beyond previous drilling, validating the potential for significant expansion of the Quinlan high-grade gold discovery.
  • Stepout drill hole 25TG033 validated the DGPR interpretation by intersecting the felsic dike over 100 meters along strike from previous drilling, confirming the accuracy of the subsurface model and demonstrating the technology's ability to identify blind extensions of mineralization.

Key Details

  • Survey Scope: A high-resolution DGPR survey was completed by Earth Scan Technologies Ltd. across the Quinlan and Titan zones, covering 1.56 line kilometers along seven lines oriented perpendicular to geological strike.
  • DGPR Findings: The data clearly delineated the felsic dike through distinct disruptions in subsurface reflectivity. Line 3, located over 300 meters north-northeast of previous drilling, identified an interpreted continuation of the dike beneath cover.
  • Validation Drilling: Stepout hole 25TG033 was drilled more than 100 meters along strike to the north-northeast from prior drilling to test the DGPR interpretation.
  • Drill Intersect: Hole 25TG033 successfully intersected a sulphide-bearing (pyrite-arsenopyrite) felsic dike at a 25-meter depth in an area lacking surface exposure. Assays are pending.
  • Geological Interpretation: The results support the continuity of a broader gold system at Quinlan rather than a single, isolated zone. The dike extent remains open in all directions.
  • Additional Targets: The data identified multiple branching, bifurcating, and intersecting planar geometries, highlighting areas of potential mineral concentration and structural dilation. Several high-priority targets have been defined for direct drill testing.
  • Future Plans: Follow-up exploration over prioritized target areas is planned for the 2026 field season, utilizing DGPR results for targeting via surface sampling and additional stepout drilling.
  • Project Context: The Quinlan discovery is a flagship target within the 164-square-kilometer Toogood gold project. Historic and recent drilling have delivered multiple high-grade gold intercepts and visible gold in 25 of 49 holes to date.
  • Qualified Person: Colin Smith, MSc, PGeo, CEO and director of Toogood Gold, reviewed and approved the technical information. He is not independent.

Notable Quotes

  • "The results of the DGPR survey mark a significant technical milestone for Toogood. For the first time, we've been able to directly image the felsic dike that hosts the high-grade auriferous Quinlan zone with remarkable accuracy, both at depth and under cover. The successful validation of these results through stepout drilling demonstrates the power of this technology to identify blind extensions of mineralization." — Colin Smith, CEO
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