Toogood Gold Reports Final Drilling Assays, with All Holes Reporting Gold, Including First 3 of 3 Holes at Mélange Contact
Toogood Gold Reports Final Drilling Assays,
with All Holes Reporting Gold, Including First
3 of 3 Holes at Mélange Contact
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2026) - Toogood Gold Corp. (TSXV: TGC)
(OTCQB: TGGCF) (FSE: D3P) ("
Toogood
" or the "
Company
") today reported final drilling assays 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
Quinlan verified as a coherent gold system, open in all directions:
All 30 drill holes
intersected the Quinlan felsic dyke and returned gold, with high-grade intervals and visible gold in
10 of 30 holes indicating a continuous unconstrained mineralized system (see Tables 1-2);
Drill-confirmed scale of the Quinlan has materially expanded:
Down-dip geometry has
increased from ~120 m to ~240 m, and strike length extent from ~200 m to ~350 m, with
mineralization and geological control open in all directions;
Priority expansion direction defined:
The strongest 2025 intercept at Quinlan (25TG014:
29.31
m @ 2.20 g/t Au from 35.00 m
) was intersected at the southwestern extent of drilling, establishing
this open strike direction as a high priority trend for the next phase of drilling;
First-ever drilling at the Mélange Contact returned gold in all holes:
100% hit rate of the
never-before drilled Mélange Contact ("Mélange"), with all 3 holes reporting gram to multi-gram
gold (Table 1);
Clear vectoring toward structural convergence:
Drilling at both Quinlan and Mélange are
vectoring mineralization to the southwest and west, respectively, and the convergence of both
these trends now represents a top-priority structural intersection drill target;
District-scale exploration potential:
Mélange drilling results establish target as a prospective,
gold-bearing corridor, unlocking >15 kilometers ("km") of undrilled, prospective trend;
Key targets for next phase of work established:
Extensive systematic exploration warranted
throughout the district-scale Mélange trend, including extensive soils and detailed structural
mapping to refine future drill targets.
Management Commentary
"2025 drilling at Toogood materially expanded the mineralized felsic dyke (down-dip +100%, strike
+75%) and confirmed the Mélange Contact as a district-scale gold-bearing trend that extends for
more than 15 km across the Toogood Gold Project," said Colin Smith, CEO of Toogood Gold Corp.
"A 100% hit rate of gold-bearing sulphidic contact mineralization at Mélange validates this corridor
and warrants immediate, systematic follow-up to define geochemical and structural drill targets."
2025 Drill Program
A total of 1,999 metres in 33 diamond drill holes were completed at the Project from July to September
2025 (Figure 1, Table 2). The program was designed to (i) systematically expand the Quinlan gold
system along strike and down-dip through a combination of step-out and delineation drilling, and (ii)
complete the first-ever drill test of the Mélange Contact, a regionally extensive lithological/structural
boundary interpreted to represent a prospective district-scale target corridor (Figure 2).
At Quinlan, 30 of 30 holes successfully intersected the targeted mineralized felsic dyke and all 30 holes
reported gold, with visible gold logged in 10 of 30 holes (Table 1, Figure 3). Drilling materially expanded
the drill-confirmed scale of the Quinlan dyke to ~350 m of strike (75% increase) and expanded the down-
dip extent to ~240 meters (100% increase), with the broader mineralized system remaining open in all
directions.
At the Mélange Contact, 3 of 3 holes intersected a sulphidic (py-asp ± cpy) gold-bearing structural
contact zone and returned gram to multi-gram gold, supporting the Company's thesis that Mélange
represents a previously untested, district-scale target (Table1, Figures 1-3). These initial results open up
a >15 km long prospective, largely undrilled trend for systematic follow-up.
Table 1: 2025 Drill Interval Summary
Hole ID
Release
Date
Target
From
(m)
To
(m)
Grade
(g/t)
Width
(m)
VG
25-TG-001
22-Sep-25
Quinlan
42.60
46.12
0.91
3.52
25-TG-002
22-Sep-25
Quinlan
66.25
70.12
3.57
3.87
X
25-TG-003
22-Sep-25
Quinlan
13.16
17.13
0.81
3.97
25-TG-004
22-Sep-25
Quinlan
22.70
31.80
1.69
9.10
incl
-
29.70
31.80
5.13
2.10
25-TG-005
22-Sep-25
Quinlan
7.30
12.62
0.96
5.32
X
25-TG-006
22-Sep-25
Quinlan
19.00
27.40
0.56
8.33
25-TG-007
22-Sep-25
Quinlan
56.25
59.70
0.91
3.45
25-TG-008
22-Sep-25
Quinlan
80.80
84.38
0.47
3.58
25-TG-009
22-Sep-25
Quinlan
58.40
60.77
0.84
2.37
25-TG-010
22-Sep-25
Quinlan
77.25
80.60
14.48
3.35
X
incl
-
-
77.25
77.90
72.53
0.65
25-TG-011
22-Sep-25
Quinlan
76.75
79.30
0.71
2.55
25-TG-012
22-Sep-25
Quinlan
75.13
76.00
0.74
0.87
25-TG-013
22-Sep-25
Quinlan
10.51
16.29
3.33
5.78
X
incl
-
-
10.51
12.00
10.55
1.49
25-TG-014
22-Sep-25
Quinlan
22.04
27.35
1.32
5.33
X
and
-
-
35.00
64.31
2.2
29.31
incl
-
-
57.01
58.00
11.42
0.99
25-TG-015
13-Jan-26
Quinlan
10.23
12.89
1.91
2.66
X
25-TG-016
13-Jan-26
Quinlan
13.5
14.83
3.74
1.33
25-TG-017
13-Jan-26
Quinlan
13.67
18.73
0.51
5.06
25-TG-018
13-Jan-26
Quinlan
21.5
22.47
1.35
0.97
25-TG-019
13-Jan-26
Quinlan
27.84
29.85
0.44
2.01
25-TG-020
13-Jan-26
Quinlan
20.62
22.44
0.7
1.82
25-TG-021
13-Jan-26
Quinlan
27.14
30.00
0.79
2.86
25-TG-022
13-Jan-26
Quinlan
38.35
40.59
0.33
2.04
25-TG-023
13-Jan-26
Quinlan
41.7
46.15
0.35
4.45
25-TG-024
13-Jan-26
Quinlan
32.8
36.75
0.46
3.95
X
25-TG-025
13-Jan-26
Quinlan
32.65
37.25
0.61
4.6
X
25-TG-026
13-Jan-26
Quinlan
30.75
34.85
0.48
4.1
25-TG-027
13-Jan-26
Quinlan
34.35
39.35
1.23
5
X
25-TG-028
13-Jan-26
Mélange Contact
22.55
26
1.48
3.45
and
-
-
152.75
155.1
1.05
2.35
25-TG-029
13-Jan-26
Mélange Contact
17.55
18.1
1.27
0.55
25-TG-030
13-Jan-26
Quinlan
55.45
59.7
1.19
4.25
25-TG-031
13-Jan-26
Quinlan
112.6
113.75
0.82
1.15
and
-
-
118.75
118.95
1.86
0.2
25-TG-032
13-Jan-26
Mélange Contact
12.9
15.6
0.6
2.7
25-TG-033
13-Jan-26
Quinlan
25.8
28.5
0.32
2.7
Intervals are downhole; true widths are unknown at this time. "VG" denotes visible gold logged in core. Assays are uncut.
Table 2: 2025 Drill Program Collar Summary (
CLICK HERE
)
Figure 1: Plan map of Quinlan drilling, newly identified Mélange Contact trend, rock samples,
and geology.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/280181_d5ebe9c5c4cd49d5_002full.jpg
Figure 2: Regional view of district-scale Mélange Contact trend.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/280181_d5ebe9c5c4cd49d5_003full.jpg
Figure 3: (A) Core photograph of visible gold in felsic dyke, logged in = hole 25TG015 at 11 m
depth. (B) Core photograph of visible gold logged in drill hole 25TG027 at 36 m depth. (C) Core
photograph of sulphidic (py-asp ± cpy) Mélange
Contact gabbro, drill hole 25TG029.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11439/280181_d5ebe9c5c4cd49d5_004full.jpg
Quality Assurance / Quality Control ("QA/QC")
The Company implemented a QA/QC program to ensure sampling and analysis of all exploration work is
conducted in accordance with the National Instrument 43-101 and industry best practices.
Core samples were logged and processed at the company's core processing facility in Summerford,
Newfoundland. Core sampling procedures were standardized and non-biased, with same side of the
split core sent to the laboratory. Samples were placed in sealed, tagged bags and driven to the
laboratory by company personnel.
All HQ split core assays reported were obtained by either whole sample metallic screen/fire assay or
standard 30-gram fire-assay with at Eastern Analytical Laboratory in Springdale, Newfoundland for
assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. The whole sample metallic screen
assay method was selected by the geologist. Assays are uncut, and calculated intervals are reported
over a minimum length of 0.25 meters using a lower cutoff of 0.5 g/t Au.
A rotation of certified standards, coarse and pulp blanks were inserted into the sample stream every 10
samples and after samples with coarse gold.
In addition, a duplicate sample (quarter core) was inserted
every 20 samples. The company QAQC, as well as the laboratory inserted standards, blanks, and
duplicates were monitored closely upon receiving assay certificates from the laboratory.
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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https://www.newsfilecorp.com/release/280181