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Toogood Gold Corp. Acquires an Option to Acquire Interest in the Stockley Kennedy Property within the Toogood Gold Project, Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - August 5, 2025) - Toogood Gold Corp. (TSXV: TGC) (...
About this update from Toogood Gold Corp.
[{"type":"text","content":"Toogood Gold Corp. Acquires an Option to Acquire Interest in the Stockley Kennedy Property within the Toogood Gold Project, NewfoundlandVancouver, British Columbia--(Newsfile Corp. - August 5, 2025) - Toogood Gold Corp. (TSXV: TGC) (\"Toogood\" or the \"Company\") today announced that it has acquired an option to acquire a 100% interest in a highly prospective and strategic mineral claim (\"Stockley Kennedy Property\") located within the core of its flagship Toogood Gold Project, situated on New World Island in Newfoundland, Canada.Key Point SummaryAcquisition of the 375 hectare (\"ha\") Stockley Kennedy Property (\"SKP\") within the core of the southwest Toogood Gold Project (Figures 1-3);The ground hosts significant gold anomalism, and three known high-grade gold targets (\"Sherwood\", \"Chimo\" and \"Vic\") with structural and lithological characteristics that align with key mineralized trends and discoveries across the Project (Figures 4-7);SKP adds approximately 4 (\"km\") of strike along the Virgin Arm Fault - a major regional structure within Newfoundland's Exploits Subzone, spatially associated with several significant gold discoveries;Hosts a 2.5-km-long arsenic-in-soils anomaly (\"As\"), a pathfinder element which show direct correlation to gold mineralization in property wide soils, rock, channel, trench and drilling samples (Figures 1-3);Bonanza-grade rock samples:Chimo Zone: 127.0 g/t Au (outcrop), 82.2 g/t Au (outcrop), 29.5 g/t Au (outcrop), 10.0 g/t Au (outcrop)Vic Zone: 67.3 g/t Au (float), 58.9 g/t Au (float), 20.9 g/t Au (subcrop)Sherwood Zone: 15.3 g/t Au (subcrop);Holmer Zone: historical drill hole intercept of 0.83 g/t Au over 12.00 m, incl. 1.42 g/t Au over 5.00 m;SKP hosts 8 historical drill holes (1 at Sherwood, 2 at Chimo, and 5 at Holmer), with all holes intercepting multiple zones of gold mineralization, substantiating the presence of underexplored in situ gold mineralization and discovery potential.\"This newly acquired ground lies within one of the strongest and most continuous arsenic-in-soil anomalies identified at the Toogood Project, and hosts numerous multi-once-per-tonne outcrop targets,\" said Colin Smith, CEO of Toogood Gold Corp. \"With its favorable geology, structural complexity, and known high-grade occurrences, this block presents outstanding discovery potential. Thorough surface work h...