Toogood Gold Defines Two Priority Drill Target Corridors at the Table Mountain Project, Nevada
Toogood Gold Defines Two Priority Drill
Target Corridors at the Table Mountain
Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2026) - Toogood Gold Corp. (TSXV:
TGC) (OTCQB: TGGCF) (FSE: D3P) ("
Toogood
" or the "
Company
") announces the definition of two
priority, multi-kilometre drill-target corridors, the Widowmaker and Pacifico trends, following completion
of 1:5,000-scale geological mapping at its Table Mountain Gold-Silver Project ("Table Mountain" or the
"Project") in Lincoln County, Nevada.
Highlights
Phase 1 mapping completed
: Detailed 1:5,000-scale mapping has refined the volcanic
stratigraphy, hydrothermal alteration, structural framework and epithermal veining across the
Project;
Widowmaker trend defined over more than 5 km
: A major arcuate structural corridor extending
through the core of the epithermal system and hosting a metre-scale epithermal vein intermittently
exposed over more than 1 km, with associated float extending along a trend of more than 2 km;
Pacifico trend defined over more than 5 km
: A subparallel arcuate structural corridor located
approximately 500 m east of Widowmaker and comprising multiple prospective faults hosting
epithermal veins;
Multiple priority drill targets identified
: Kilometre-scale bends, stepovers, jogs and structural
intersections define high-priority areas for drill testing;
Evidence of boiling and system preservation
: Vein and silica textures indicate widespread
boiling and suggest that the prospective gold-silver interval may be preserved at depth;
Exploration advancing
: Field acquisition for UAV magnetics and ground gravity, together with
soil and rock sampling, has been completed, with a 15 line-kilometre CSAMT survey scheduled for
September; and
Drill permitting initiated
: Notice of Intent ("NOI") work is underway in support of the Company's
planned maiden drill program.
Management Commentary
"We are increasingly encouraged by the structural architecture emerging at Table Mountain,"
stated
Lee Hess, VP of Exploration
.
"Our work continues to define a large, well-preserved epithermal
system characterized by laterally extensive, interconnected structural corridors that we believe
provided important pathways for hydrothermal fluid flow. The scale and continuity of these structures,
together with the intensity of alteration observed across the property, highlight the potential for a
significant mineralizing system at depth. From a structural geology perspective, Table Mountain has
many of the characteristics we look for when evaluating large-scale, low-sulphidation epithermal gold-
silver systems, and we are excited to advance these corridors toward drill testing."
"Completion of Phase 1 mapping has significantly advanced our understanding of Table Mountain
and established Widowmaker and Pacifico as the Project's two highest-priority drill-target corridors,"
stated Colin Smith, CEO and Director
.
"Both trends combine complex fault architecture, multiple
epithermal veins and widespread evidence of boiling within a well-preserved epithermal system. With
drill permitting underway, we are integrating the pending analytical and geophysical results to refine
targets and advance Table Mountain toward its maiden drill program."
Geological and Structural Mapping
The Company has completed 1:5,000-scale geological and structural mapping across Table Mountain.
The program refined the volcanic stratigraphy and distribution of hydrothermal alteration, epithermal
veins, hydrothermal breccias and major structures across the Project (Figure 1).
Table Mountain is comprised predominantly of well-preserved, generally sub-horizontal Early Miocene
poorly welded rhyolitic tuffs, intensely welded flows and intrusive rocks overlying older Oligocene rocks of
the Indian Peak Caldera Complex. A fluvial, volcano-fanglomerate unit gradationally overlies the
explosive tuff sequence and may record breaching of a caldera lake and a rapid change in the paleo-
water table. The sub-horizontal stratigraphy suggests that the epithermal system has experienced limited
post-mineral fault displacement and block rotation. Local offsets are observed in the southern Project
area, where major northeast-trending structural corridors down-drop the volcanic sequence toward the
southeast.
Epithermal quartz veins, hydrothermal breccias, chalcedonic blankets and recrystallized opaline silica
occur along structures and lithological contacts throughout Table Mountain. These features occur within a
coherent, approximately 4 km by 2 km hydrothermal alteration footprint previously defined by
hyperspectral surveying.
Mapping identified two principal subparallel, arcuate structural corridors, Widowmaker and Pacifico,
which together comprise more than 10 km of cumulative prospective strike. A hydrothermal breccia unit,
mapped over approximately 2 km of strike, is spatially bounded by the two corridors (Figure 1; unit
Tsbx). The rhyolitic protolith is pervasively silicified and brecciated, contains widespread lattice quartz
textures, and is locally crosscut by chalcedonic veins. Together, these features record multiple phases of
hydrothermal fluid flow, brecciation and silica sealing (Figure 3).
Figure 1: 1:5,000-scale geological and structural map of Table Mountain showing faults,
volcanic stratigraphy, epithermal veins, and 2025 Orogen rock-sample gold and mercury
values.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/313777_008f137634e908ec_002full.jpg
Widowmaker Trend
Widowmaker is an arcuate structural corridor extending for more than 5 km through the core of the
epithermal system. A metre-scale epithermal quartz vein, dipping 75° to 85° west-northwest, is
intermittently exposed over more than 1 km. Vein float indicates a potential strike extent of more than 2
km. Mapping also identified additional banded quartz veins, pervasive silicification and hydrothermal
brecciation along the corridor (Figure 2).
Multiple flexures, jogs and structural intersections occur along Widowmaker, including an approximately
3 to 4 m wide northwest-trending quartz vein intersecting the southwestern portion of the corridor (Figure
2, Photo 6). These areas of structural complexity may have enhanced permeability and represent priority
targets for drill testing.
Figure 2: Panoramic view and representative field photographs along the Widowmaker trend,
showing vein outcrop and float (1 to 3), pervasively silicified tuff (4), lattice and crustiform-
colloform vein textures (5), and a 3 to 4 m wide crosscutting quartz vein defining a priority
structural intersection target (6).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/313777_008f137634e908ec_003full.jpg
Pacifico Trend
Pacifico is a subparallel arcuate structural corridor located approximately 500 m east of Widowmaker
(Figure 1). The corridor comprises more than 5 km of cumulative mapped fault trace and hosts multiple
structurally controlled, banded epithermal quartz veins. Pervasive silicification and localized steam-
heated alteration occur along the corridor.
The spatial association of veining, alteration, hydrothermal breccias, structural complexity and historical
gold and mercury anomalies defines multiple priority areas for CSAMT coverage and continued drill-
target refinement.
Figure 3: Hydrothermal breccia (unit Tsbx) comprising silicified rhyolitic clasts within a quartz-
rich matrix containing abundant lattice-bladed quartz textures, recording repeated brecciation
and silica sealing.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/313777_008f137634e908ec_004full.jpg
Next Steps
Toogood's near-term work program at Table Mountain will include approximately 15 line-kilometres of
controlled-source audio-frequency magnetotelluric ("CSAMT") surveying by Zonge International across
priority target areas along the Widowmaker and Pacifico corridors (Figure 4).
CSAMT is designed to image subsurface electrical-resistivity contrasts potentially associated with major
structures, silicification, alteration and hydrothermal fluid pathways. The survey will help evaluate the
geometry and continuity of mapped structures and alteration beneath areas of limited exposure,
providing an additional dataset for refining priority drill targets.
The Company will also receive, compile and interpret all pending soil and rock assay results and final
processed ground-gravity and UAV-magnetic products. These datasets will be integrated with the
completed geological mapping and LiDAR to rank and refine priority drill targets and develop drill
sections across the Table Mountain epithermal system.
In parallel, SWCA Environmental Consultants has been engaged to advance the NOI process for the
Company's planned maiden drill program.
Figure 4: Planned CSAMT survey lines (blue), comprising approximately 15 line-kilometres
across priority vein-bearing structures and 2025 Orogen rock-sample gold and mercury
anomalies along the Widowmaker and Pacifico corridors.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/313777_008f137634e908ec_005full.jpg
Historical Rock Sampling and Analytical Methods
The rock-sample gold and mercury values shown in Figures 1 and 4 are from first-pass reconnaissance
sampling completed by Orogen Royalties in 2025 and were previously disclosed by the Company on
March 2, 2026. Samples were selective or grab in nature and are not necessarily representative of
overall grade or true width. Samples were analyzed by ALS Geochemistry using Au-ICP21 (30-gram fire
assay with ICP-AES finish) and multi-element methods Hg-MS42 and ME-MS61. Sample preparation
was completed at ALS Reno, with analyses completed at ALS Vancouver. Orogen's reconnaissance
program did not include the insertion of certified reference materials, blanks or field duplicates;
accordingly, the results should be considered preliminary. The Company is independently verifying these
results through its 2026 rock-sampling program, for which assays remain pending.
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 of the
Company, as he serves as its CEO and Director 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 systems in tier-one mining jurisdictions. The Company has two core areas of focus: the
Table Mountain Project in Nevada, where the Company has an option to earn a 100% interest in a large,
undrilled low-sulphidation epithermal system with extensive surface alteration and multiple mineralized
vein exposures; and the district-scale Toogood Gold Project in Newfoundland, where the Company has
an option to earn a 100% interest in a 164 km² land package covering a highly underexplored gold
district with multiple target areas and demonstrated gold prospectivity.
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-
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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
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