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Toogood Gold Corp. Options Golden Nugget Property, Expanding Contiguous and Highly Prospective Toogood Gold Project in Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Toogood Gold Corp. (TSXV: TGC) ...
About this update from Toogood Gold Corp.
[{"type":"text","content":"Toogood Gold Corp. Options Golden Nugget Property, Expanding Contiguous and Highly Prospective Toogood Gold Project in NewfoundlandVancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Toogood Gold Corp. (TSXV: TGC) (\"Toogood\" or the \"Company\") today announced that it has acquired an option to acquire a 100% interest the Golden Nugget Property (\"Golden Nugget\"), a highly prospective group of claims contiguous to the Company's flagship Toogood Gold Project, located on New World Island, Newfoundland, Canada.Key Point SummaryGolden Nugget consists of a 3,000-hectare land package covering over 12 kilometres of underexplored fertile gold trend (Figure 1);Secures an additional >10 km of Mélange Contact (\"Mélange\"), which now totals >15 km of prospective strike property-wide (Figure 2);Notably, an 8.5-km-long trend of strongly anomalous coastline (Figure 3) hosts a subset of:148 historical rock samples which grade ≥1 g/t Au (average ~7 g/t Au)87% (n = 129) of these samples are reported as outcrop-sourcedIncludes a 6.5-km-long trend hosting 36 historical rock samples grading ≥5 g/t Au (average ~26 g/t Au), with 83% (n = 30) reported as outcrop-sourced;High-grade gold (>5 g/t) occurs in all rock groups with historical channel samples having returned values of 50.2 g/t gold over 1.1 m, 87 g/t over 0.8 m and 29.2 g/t over 2.5 m;A comprehensive coastline rock sampling and mapping program to verify historical results is to commence in mid-October.\"The Golden Nugget acquisition represents a compelling opportunity for Toogood, adding 3000 hectares and >12 kilometers of highly prospective strike along a highly underexplored, fertile gold trend,\" said Colin Smith, CEO of Toogood Gold Corp. \"Of particular significance is the 8.5-kilometer-long stretch of coastline where historical rock sampling consistently returned high- to bonanza-grade gold directly from outcrop. It is extremely rare to see such a continuous, high-grade trend at surface that is devoid of extensive modern-day exploration. We look forward to launching our October rock sampling and mapping program to validate these exceptional results, and lay the groundwork for potential future drilling.\"Figure 1: Plan map of Golden Nugget Property and Toogood Gold Project.To view an enhanced version of this graphic, please visit:https:...