Vancouver, British Columbia--(Newsfile Corp. - July 7, 2026) - Toogood Gold Corp. (TSXV: TGC) (OTCQB: TGGCF) (FSE: D3P) ("Toogood" or the "Company") is pleased to provide an update on its ongoing Phase 1 exploration program at the Table Mountain Gold-Silver Project ("Table Mountain" or the "Project"), an undrilled low-sulphidation epithermal gold-silver system located in Lincoln County, Nevada.
Highlights
Property-wide soil geochemistry program complete, with 6,260 soil samples collected on a northwest-southeast oriented grid at 100 m line spacing and 25 m sample spacing;
Ground gravity survey completed with 1,688 stations collected on a 100 m by 100 m grid;
UAV magnetic survey completed totalling approximately 780 line-kilometres flown at 25 m line spacing;
LiDAR survey completed covering the full project area of approximately 15.4 km2;
Phase 1 prospecting and rock sampling completed, with 88 rock samples collected;
1:5,000-scale geological and structural mapping is ongoing and nearing completion;
Initial soil and rock assays, together with final processed and interpreted geophysical and LiDAR products, are expected in the coming weeks;
Phase 2 exploration planning is underway, including controlled-source audio-frequency magnetotellurics ("CSAMT") and targeted follow-up prospecting and rock sampling; and
Integration of geological, geochemical and geophysical datasets is underway to support drill target generation, together with preparations for drill program permitting.
Management Commentary
"The completion of several key components of our Phase 1 program marks an important milestone in advancing Table Mountain toward drill readiness," stated Colin Smith, CEO, Toogood Gold Corp. "We are assembling an extensive property-wide dataset that includes high-resolution magnetics, gravity, LiDAR, systematic geochemical sampling and geological mapping. This integrated dataset represents the first comprehensive modern assessment of the broader hydrothermal system and will form the foundation for prioritizing targets for follow-up work and future drilling."
"Table Mountain continues to demonstrate the characteristics we would expect from a robust low-sulphidation epithermal system," stated Lee Hess, Vice President of Exploration. "Our mapping, together with the newly completed gravity and magnetic surveys, is significantly improving our understanding of the structural framework controlling alteration and mineralization. The emerging interpretation of several large syn-mineral structural corridors reinforces our belief that Table Mountain has the scale and geological setting required to host a significant gold-silver system."