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Toogood Gold Signs Binding LOI to Acquire the Table Mountain Project, a District-Scale, Undrilled Low-Sulphidation Epithermal Gold-Silver System in Nevada
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2026) - Toogood Gold Corp. (TSXV: TGC) (O...
About this update from Toogood Gold Corp.
[{"type":"text","content":"Toogood Gold Signs Binding LOI to Acquire the Table Mountain Project, a District-Scale, Undrilled Low-Sulphidation Epithermal Gold-Silver System in NevadaVancouver, British Columbia--(Newsfile Corp. - March 2, 2026) - Toogood Gold Corp. (TSXV: TGC) (OTCQB: TGGCF) (FSE: D3P) (\"Toogood\" or the \"Company\") today announced that it has entered into a binding Letter of Intent dated February 27, 2026 (the \"LOI\") with Orogen Royalties Inc. (\"Orogen\") and Altius Minerals Corporation (\"Altius\", and together the \"Vendors\") to acquire the exclusive option to earn a 100% interest in the Table Mountain Project, a greenfields, undrilled, district-scale, low-sulphidation epithermal gold-silver project in Lincoln County, Nevada (\"Table Mountain\" or the \"Project\").Key Point SummaryDistrict-scale epithermal system: 4 km x 2 km alteration cell consistent with a high-level low-sulphidation epithermal system, with multiple gold- and silver-bearing veins exposed at surface, supporting the interpretation of a large, well-preserved system with multiple kilometre-scale drill target corridors;Strong surface gold and silver values: First-pass rock sampling by Orogen in 2025 returned up to 2.6 g/t Au and > 50 g/t Ag from epithermal veins, with strong pathfinder anomalism (Sb-As-Hg) across the alteration cell;Hallmark upper-level epithermal textures: Outcropping veins exhibit classic low-sulphidation epithermal textures (chalcedony with crustiform-colloform banding, quartz veins and breccias), further substantiating the presence of well-preserved system;Largely untested by systematic modern exploration: No known historical drilling despite the scale of alteration and multiple vein exposures;Positioned in an established gold-producing camp: 10 km south of the past-producing Atlanta Gold Mine, and the actively advancing Atlanta Gold Mine Project (Nevada King Gold Corp.);Clear permitting pathway on federal lands: Land package comprises 184 Bureau of Land Management (\"BLM\") lode claims; andPipeline of near-term catalysts: Phase 1 exploration is expected to commence immediately after the closing of the Definitive Agreement (LiDAR, mapping, systematic geochemistry and geophysics) to deliver ranked drill targets and a permit-ready drill plan by Q3 2026.Management Commentary\"Table Mountain represents a rare, discovery-stage opportunity in Nevada...