Toogood Gold Provides Phase 1 Exploration Update at Table Mountain Gold-Silver Project, Nevada
Toogood advances its Nevada epithermal project to the drill-ready stage amid steady exploration spending.
Toogood Gold Corp. has completed Phase 1 surface exploration at its Table Mountain Gold-Silver Project in Lincoln County, Nevada. The company’s activities during this phase included the collection of 6,260 soil samples, 1,688 ground gravity stations, 780 line-km of UAV magnetic surveying, 15.4 km² of LiDAR, and 88 rock samples, alongside ongoing 1:5,000-scale geological mapping.
Exploration efforts identified a structurally controlled vein trend named "Widowmaker," which is traceable for more than 2.5 km. Outcrop samples from this trend featured mercury values up to 1,335 ppb and 462 ppb.
Planning for Phase 2 is currently underway, focusing on approximately 20 line-km of CSAMT surveys to map subsurface resistivity. This work will be followed by target refinement and preparation for a maiden drill program, subject to permitting. Additionally, the company entered a six-month digital marketing and investor relations agreement with ATH Media for CAD$100,000.
Toogood Gold Corp. (TGC) confirmed on July 7, 2026, the completion of Phase 1 exploration, aligning with its June 2, 2026 announcement that the phase was underway and targeting Q3 2026 for drill-ready targets. This represents an expected, incremental milestone in the exploration workflow. No new high-grade intercepts or resource definitions were disclosed; the focus remains on geophysical and geochemical data integration to prioritize drill targets.
The company reported a CAD$100,000 marketing expense, which is immaterial relative to its approximately $3.7 million cash balance and will not meaningfully impact the burn rate.
Toogood Gold Corp. (TSXV: TGC; OTCQB: TGGCF) is an exploration-stage gold developer focused on its flagship Toogood Gold Project in Newfoundland, Canada. The company holds a 164 km² land package, with the Quinlan Zone having delivered high-grade near-surface gold intercepts from 2022 drilling. Notable results include 23.90 g/t Au over 3.65 m and 70.31 g/t Au over 1.05 m. All holes remain open in all directions.
The company is also advancing the Table Mountain Project in Nevada, a 1,538-hectare undrilled low-sulphidation epithermal gold-silver system located 10 km south of the past-producing Atlanta Mine. Phase 1 surface work has been completed, with Phase 2 and maiden drilling targeted for Q3 2026.
Management is led by CEO Colin Smith (MSc, PGeo) and VP Exploration Lee Hess, who bring experience from SSR Mining, Dolly Varden Silver, and Snowline Gold.