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TICKERS: TGC; TGGCF

Exploration Company Discovers Low-Sulphidation Gold-Silver Target

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Toogood Gold Corp. (TGC:TSVX; TGGCF:OTCQB) advances Table Mountain with completed geochem, gravity, LiDAR, and UAV surveys, defining a robust low-sulphidation gold-silver system.

On July 7, 2026, Toogood Gold Corp. (TGC:TSVX; TGGCF:OTCQB) released an update on its continuing Phase 1 exploration of the Table Mountain gold-silver project in Lincoln County, Nebraska. This program is the first systematic, property-wide exploration of the Table Mountain project and is designed to define structural, geological, and geochemical framework for the property's hydrothermal system and identify targets for follow-up drilling.

Highlights of the update include:

  • A property-wide geochemistry soil program has been completed, with over 6,000 samples collected
  • A ground gravity survey has been completed, with 1,688 stations collected
  • An unmanned aerial vehicle (UAV) survey, totaling 780 line kilometers (km) at 25-meter line spacing, has been completed
  • A LiDAR survey covering approximately 15.4 km2 has been completed
  • Phase 1 sampling has collected a total of 88 rock samples
  • Initial assays for all testing are expected in the coming weeks

Phase 2 planning is underway while a 1:5,000-scale geological and structural program nears completion. The second phase of exploration will include controlled-source audio-frequency magnetotellurics and targeted follow-up prospecting and sampling. Once all results are in, the data sets will be collated to create drill target generation.

CEO of Toogood Gold, Colin Smith, said in the release: "The completion of several key components of our phase 1 program marks an important milestone in advancing Table Mountain toward drill readiness. We are assembling an extensive property-wide data set that includes high-resolution magnetics, gravity, lidar, systematic geochemical sampling, and geological mapping. This integrated data set 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."

Lee Less, the company's vice president, followed Smith's statement, saying: "Table Mountain continues to demonstrate the characteristics we would expect from a robust low-sulphidation epithermal system. 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."

Toogood Gold is a Canadian explorer focused on the location and development of high-grade gold deposits in Tier 1 mining systems in both Nevada, U.S., and Newfoundland, Canada.

Answering the Market Call

Junior miners and exploration companies hit the ground running this year after gold rallied at a high of US$5,500 per ounce in January. Many companies, like Toogood Gold, that had been sitting on projects and waiting for market profitability, chose to begin exploration or production amid these highs. While prices have since fallen, and even dipped below US$4,000 in June, rates are still up 24% compared to July 2025, and Gold.org wrote that: "[T]he stage is set for a possible breakout. On the upside, clear catalysts —  a worsening economy or renewed geopolitical shock, a shift towards lower interest-rate expectations, or a wave of dip buying — could reignite gold's momentum and lift it back towards US$4,500/oz or above."

Renewed tensions between the U.S. and Iran dropped gold prices on July 8, 2026, with the per-ounce price sinking to only US$4,074.10. Inflationary fears were reignited after Brent crude oil prices rose again after a several-week ceasefire between the two countries lost its stability.

In April, S&P Global wrote, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows."

On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022.

Analyst Offers Speculative Buy, Looks for Continued Exploration Success

1John Newell of John Newell & Associates wrote about Toogood Gold on February 2, 2026, saying that: "What differentiates Toogood at this stage is not just grade, but continuity, scale, and the growing number of discovery vectors now being defined across the broader property. In a market increasingly focused on quality ounces and credible geological systems, Toogood is positioning itself as a high-grade exploration company with multiple paths to value creation."

Before these latest results, Newell was already intrigued by the company. "Since its first drill campaign in 2022, Toogood has steadily transitioned from proof-of-concept exploration to defining a coherent gold system with demonstrated continuity and expansion potential," he said in the research report.

Newell gave the company a "Speculative Buy" rating at the time, arguing that the company offered leverage to a high-grade discovery potential in a Tier-1 jurisdiction. He wrote: "From a resistance perspective, the CA$0.20–0.21 area, near the rising 200-day moving average, represents the first key technical hurdle. A sustained move above this level would serve as confirmation that the base has resolved to the upside. If that breakout occurs, the chart defines a clear upside roadmap. Initial resistance sits near CA$0.24, followed by higher targets at approximately CA$0.33 and CA$0.45, corresponding to prior congestion zones and the 2024 highs. Achieving these levels would likely require continued exploration success at Quinlan and improving sentiment toward junior gold explorers, but the technical structure now supports that possibility."

streetwise book logoStreetwise Ownership Overview*

Toogood Gold Corp. (TGC:TSVX;TGGCF:OTCQB)

Restructures
Date Old Symbol Old Shares New Symbol New Shares
06/30/25 SMTH.P:TSXV 1 TGC:TSXV 1
*Share Structure as of 7/9/2026

Phase 2 on the Horizon

Over the coming weeks, the company expects to receive initial soil and rock assay results, as well as finalized information from the geophysical and LiDAR surveys. These results will inform geological and structural mapping to identify and rank priority exploration targets across Table Mountain.

Once all required licenses and approvals have been secured, Toogood will use this information to launch its Phase 2 exploration campaign, using CSAMT (controlled-source audio-frequency magnetotellurics) to help map subsurface resistivity contrasts associated with structures, silicification, alteration, and potential fluid pathways.

Ownership & Share Information2

Toogood Gold Corp. has a market cap of CA$7.64 million, with 84.84 million shares outstanding. The company's 52-week range is CA$0.09-CA$0.47.

Management & Insiders own 3.05% of shares, and the remaining 96.95% of shares are held by Retail.


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Important Disclosures:

  1. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Toogood Gold Corp. 
  2. Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
  3. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

1. Disclosure for the quote from the John Newell article published on February 13, 2026

  1. For the quoted article (published on February 13, 2026), Toogood Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
  2. Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a  U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

John Newell Disclaimer

As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.





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