Toogood Gold Completes Phase 2 Fieldwork at Toogood Gold Project, Newfoundland
TMX Newsfile·2026-01-06 12:00

Core Viewpoint - Toogood Gold Corp. has completed its Phase 2 fieldwork program at the Toogood Gold Project, aiming to expand its discovery footprint and prepare for future drilling activities in 2026 [1][3]. Phase 2 Fieldwork - The Phase 2 exploration campaign included geological mapping, structural analysis, soil geochemistry, and rock sampling across high-priority areas [4][5]. - Key components of the program involved: 1. Detailed geological mapping at the Golden Nugget Property, which has a high-grade outcrop trend of 8.5 kilometers with historical rock samples averaging approximately 7 g/t Au [6][7]. 2. Systematic soil sampling in the underexplored northeastern block to identify new anomalies and delineate a 1-km-long soil anomaly from Phase 1 [6][7]. 3. Ground-truthing of geophysical targets from the 2025 Deep Ground Penetrating Radar survey at the Quinlan Zone [6][7]. Management Commentary - The CEO of Toogood Gold Corp. emphasized the successful 2025 exploration season and the potential for multiple near-term catalysts as the company builds momentum into 2026 [3]. Project Overview - Toogood Gold Corp. holds a 100% interest in the Toogood Gold Project, which spans 164 km² in Newfoundland, a region known for high-grade gold discoveries [17]. - The project benefits from excellent infrastructure, including paved highway access and proximity to deep water ports, facilitating efficient exploration and development [19]. Historical Context - The inaugural drill program in 2022 resulted in a high-grade gold discovery, with visible gold found in 15 of 19 holes, and follow-up drilling in 2025 confirmed open-ended mineralization [18].

Toogood Gold Completes Phase 2 Fieldwork at Toogood Gold Project, Newfoundland - Reportify