Toogood Gold Completes Phase 2 Fieldwork at Toogood Gold Project, Newfoundland
Toogood Gold Completes Phase 2 Fieldwork at
Toogood Gold Project, Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Toogood Gold Corp.
(TSXV: TGC)
(OTCQB: TGGCF) (FSE: D3P)
("
Toogood
" or the "
Company
") today announces the completion of its
Phase 2 fieldwork program ("Phase 2") at its 100%-owned Toogood Gold Project ("Toogood" or the
"Project"), located on New World Island in the mining-friendly jurisdiction of Newfoundland, Canada.
Key Point Summary
Prospecting, rock and soil sampling, and geological and structural mapping completed at the
newly acquired Golden Nugget Property ("Golden Nugget") targeting an 8.5-kilometer-long high-
grade outcrop trend with a subset of 148 historical rock samples that grade ≥1 g/t Au and average
~7 g/t Au (see news release dated October 1, 2025);
Continuation of regional soil sampling within the underexplored northeastern block ("NE Block"),
and infill sampling of anomalies return from Phase 1 soil sampling;
Ground-truthing of geophysical targets from the 2025 Deep Ground Penetrating Radar ("DGPR")
survey at the Quinlan Zone (see news release dated December 18, 2025);
Phase 2 fieldwork was completed in four weeks, and all assays remain pending.
Management Commentary
"Following a very successful 2025 exploration season, Phase 2 marks the next step in systematically
expanding our discovery footprint across the Toogood district,"
stated
Colin Smith, CEO of Toogood
Gold Corp.
"The combination of regional high-grade historical outcrop sampling at Golden Nugget,
new geophysical targets at Quinlan, and extensive underexplored ground to the northeast translates
multiple near-term catalysts as we continue building momentum into 2026."
Phase 2 Fieldwork
Phase 2 of the 2025 exploration campaign at the Toogood Gold Project comprised a comprehensive
surface program integrating geological mapping, structural analysis, soil geochemistry, and rock
sampling across multiple high-priority areas. Work focused on three core components:
1
.
Golden Nugget Property Mapping
:
a
.
Detailed geological and structural mapping along the 8.5-km-long coastal trend at the
recently acquired Golden Nugget Property (Figure 2);
b
.
Area is characterized by abundant high-grade historical outcrop samples (n = 129)
averaging 7 g/t Au, with select values exceeding 127 g/t Au;
c
.
This work will help to refine mineralization controls, verify historical data, and identify
extensions of the untested shoreline trend for future drilling.
2
.
Soil Sampling
:
a
.
Systematic soil sampling within the underexplored NE Block continued, extending the
regional grid coverage (Figure 1);
b
.
Infill soil sampling grid (25-meter sample spacing,100-meter line spacing) completed to
further delineate an open-ended 1-km-long soil anomaly returned from Phase 1 (Figure 3);
c
.
This soil anomaly is coincident with a prospective fault splay of a regional NE-trending
district-scale structure (Figure 3);
d
.
The goal is to identify and delineate new anomalies throughout this previously unexplored
ground, ultimately vectoring toward concealed district-scale mineralized corridors.
3
.
DGPR Targets
:
a
.
Follow-up field investigations of high-priority subsurface anomalies defined by the DGPR
survey completed earlier this summer (Figure 4);
b
.
Targets correspond to distinct breaks and reflective discontinuities interpreted to represent
extensions of the felsic dyke system that hosts the high-grade Quinlan and Titan Zones.
Collectively, the program is designed to refine the structural and lithological framework of the district,
expand the surface expression of known gold trends, and advance multiple targets to a drill-ready stage.
Data from geological mapping, soil geochemistry, and DGPR validation will be integrated into
Toogood's evolving 3D model to guide high-priority drilling in 2026.
Figure 1: Plan map of Toogood Gold Project, showing 2025 soil sampling, high-grade rock
samples (≥1 g/t Au), and 2025 DPGR targets.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/279536_b08a245ce4a66b57_002full.jpg
Figure 2: Plan map of Golden Nugget Property, showing high-grade historical rock sampling
and coastline geology.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/279536_b08a245ce4a66b57_003full.jpg
Figure 3: Plan map of Phase 2 infill soil samples, NE Block, following up on high-priority Au-in-
soils anomaly (>1 km+ trend) returned from Phase 1.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/279536_b08a245ce4a66b57_004full.jpg
Figure 4: Plan map of targets generated from the 2025 DGPR survey.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/279536_b08a245ce4a66b57_005full.jpg
Qualified Person
Colin Smith, M.Sc., P.Geo., a Qualified Person under National Instrument 43-101, has reviewed and
approved the technical information contained in this news release. Mr. Smith is not independent and
serves as CEO and Director of Toogood Gold Corp. and owns securities of the Company.
About Toogood Gold Corp.
Toogood Gold Corp. is a Canadian exploration company focused on the discovery and advancement of
high-grade gold deposits in Newfoundland. The Company holds a 100% interest in the district-scale
Toogood Gold Project (164 km²), strategically located within the highly prospective Exploits Subzone - a
structurally complex and underexplored gold district that has yielded several recent high-grade
discoveries.
The Project's inaugural drill program in 2022 delivered a new, at-surface high-grade gold discovery, with
visible gold encountered in 15 of 19 holes and mineralization remaining open in all directions
1
. Follow-up
drilling in 2025 continued to expand this system, intersecting visible gold in 10 of 30 holes and further
confirming open-ended mineralization along strike and at depth
2
.
The Toogood Gold Project benefits from exceptional infrastructure, including paved highway access,
power lines, fresh water,
and proximity to deep water ports, positioning the Project for efficient, low-cost
exploration and development.
1
Refer to Prospector Metals Corp. ("Prospector") news release dated August 22, 2022
2
Refer to Toogood Gold Corp. (Toogood") news release dated Sept 22, 2025
On Behalf of the Board of Directors
Colin Smith
Director & CEO
Toogood Gold Corp.
For further information contact:
Colin Smith, Director & CEO
+1 778 726-3356
Additional information about Toogood Gold Corp. can be found at
www.sedarplus.ca
.
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Generally, forward-looking information can be identified by the use of forward-
looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain acts, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved".
Forward-looking statements or information are subject to a variety of known and unknown risks,
uncertainties and other factors that could cause actual events or results to differ from those reflected in
the forward-looking statements or information, including, without limitation, the need for additional capital
by the Company through financings, and the risk that such funds may not be raised; the speculative
nature of exploration and the stages of the Company's properties; the effect of changes in commodity
prices; regulatory risks that development of the Company's material properties will not be acceptable for
social, environmental or other reasons; availability of equipment (including drills) and personnel to carry
out work programs; and that each stage of work will be completed within expected time frames. This list
is not exhaustive of the factors that may affect any of the Company's forward-looking statements or
information. Although the Company has attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause results not to be as anticipated,
estimated, described or intended. Accordingly, readers should not place undue reliance on forward-
looking statements or information.
The Company's forward-looking statements and information are based on the assumptions, beliefs,
expectations and opinions of management as of the date of this news release, and other than as
required by applicable securities laws, the
Company
does
not
assume
any
obligation
to
update
forward-
looking
statements
and
information
if circumstances or management's assumptions, beliefs,
expectations or opinions should change, or changes in any other events affecting such statements or
information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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