Mr. Colin Smith reports
TOOGOOD GOLD EXPANDS TABLE MOUNTAIN PROJECT TO 1,902 HECTARES ALONG PRIORITY STRUCTURAL CORRIDORS
Toogood Gold Corp. has staked 44 additional Bureau of Land Management (BLM) lode claims at its Table Mountain gold-silver project in Lincoln county, Nevada.
Highlights:
- Strategic land expansion through the staking of 44 additional BLM lode claims, increasing Table Mountain to 228 claims totalling approximately 1,902 hectares;
- Captures extensions of priority arcuate structural corridors, including the Widowmaker trend, one of the company's key emerging gold-silver target corridors at Table Mountain;
- Secures more than 10 kilometres of cumulative interpreted strike length along the Widowmaker trend and a subparallel structural corridor;
- Reconnaissance soil geochemistry has been completed across the newly staked claims, with 166 samples collected;
- Enhances project optionality, providing additional ground for exploration access, staging and future project infrastructure planning;
- Phase 2 exploration is set to commence in July, including approximately 20 line kilometres of controlled-source audio-frequency magnetotellurics (CSAMT) and targeted follow-up prospecting, rock sampling and geological mapping.
Management commentary
"This claim expansion is a strategic and timely step as we continue to define the scale, alteration footprint and structural framework of the low-sulphidation epithermal system at Table Mountain," stated Colin Smith, chief executive officer of Toogood Gold. "The additional claims secure more than 10 kilometres of cumulative interpreted strike length across two priority structural corridors and provide additional high-priority ground for immediate evaluation. With reconnaissance soil sampling complete and phase 2 CSAMT, prospecting, rock sampling and mapping set to commence, we are well positioned to advance these corridors toward drill targeting."
Strategic claim expansion
The 44 newly staked BLM lode claims cover approximately 368 hectares and increase Table Mountain to 228 claims totalling approximately 1,906 hectares. The staking was completed to secure open ground along the interpreted continuation of priority structural corridors, including the Widowmaker trend and a subparallel arcuate trend, ahead of phase 2 exploration.
Reconnaissance soil geochemistry has been completed across the newly staked claims, with 166 samples collected. Results will be integrated with continuing geological mapping, prospecting, lidar and geophysical data sets. The expanded claim package adds new priority ground for phase 2 target evaluation and follow-up exploration.
Phase 2 exploration
Toogood has engaged Zonge International to complete approximately 20 line kilometres of CSAMT surveying at Table Mountain. The survey will focus on priority target corridors, including the Widowmaker trend and a subparallel trend, and is designed to map subsurface resistivity contrasts potentially associated with structures, silicification, alteration and hydrothermal fluid pathways.
Phase 2 prospecting and rock sampling, to be conducted by Big Rock Exploration, will include targeted follow-up across priority corridors as well as systematic coverage of the broader alteration footprint at Table Mountain.
Qualified person
Colin Smith, MSc, PGeo, 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 chief executive officer and a director and owns securities of the company.
About Toogood Gold Corp.
Toogood Gold is a Canadian exploration company focused on the discovery and advancement of high-grade gold systems in Tier 1 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-per-cent 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-per-cent interest in a 164-square-kilometre land package covering a highly underexplored gold district with multiple target areas and demonstrated gold prospectivity.
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