Toogood Gold Reports Final Drilling Assays, with All Holes Reporting Gold, Including First 3 of 3 Holes at Melange Contact
Toogood Delivers 100% Drill Success and 15km Trend Discovery while Shares Languish at Multi-Month Lows
The news release dated January 13, 2026, details the final results of the 2025 diamond drilling program at the Toogood Gold Project in Newfoundland. The company completed 33 holes totaling 1,999 meters. Crucially, every single hole (100% hit rate) intersected gold mineralization. Key technical highlights include: - Quinlan Zone Expansion: The mineralized felsic dyke's strike length was increased by 75% to approximately 350 meters, and its down-dip extent was doubled (100% increase) to 240 meters. - High-Grade Intercepts: Notable results from Quinlan include 14.48 g/t Au over 3.35m (Hole 25-TG-010) and 2.20 g/t Au over 29.31m (Hole 25-TG-014). - M\u00e9lange Contact Discovery: Initial testing of this 18km long regional trend yielded a 100% hit rate across three holes, establishing a district-scale gold-bearing corridor. - Technical Validation: The company successfully utilized Deep Ground Penetrating Radar (DGPR) to map the host structures under cover, which was subsequently validated by step-out drilling.
The impact is material and positive from an exploration standpoint, but currently neutral to negative from a market sentiment perspective. - Resource Potential: The expansion of the Quinlan dyke suggests the system is larger and more continuous than previously thought. The 100% success rate reduces geological risk regarding the presence of gold. - District Scale: Identifying gold across the M\u00e9lange Contact validates the "district-scale" thesis management has promoted. This provides a pipeline of targets for the 2026 season. - Market Disconnect: Despite the "Material - Positive" nature of the technical results, the stock price has fallen from a high of $0.47 in October 2025 to $0.17 today. This suggests that while the geology is improving, the market is either skeptical of the economic viability (due to narrow high-grade widths or lower-grade bulk intervals) or is reacting to the significant share dilution from 2025 financings.
Toogood Gold Corp. is focused on its 100%-owned Toogood Gold Project located on New World Island, Newfoundland. The project sits within the Exploits Subzone, a prolific gold district. The flagship Quinlan Discovery is characterized by gold-bearing felsic dykes. The project benefits from excellent infrastructure, including paved highway access and proximity to power and water.