Toogood Gold Advances Table Mountain Project Toward Drilling

By Mining Hub News Desk
8 July 2026, 8:30 a.m. EDT 1 min read

Toogood Gold Corp. (TSXV: TGC) has completed the primary field components of its Phase 1 exploration program at the Table Mountain project in Nevada. The company finalized a significant data collection effort across the 15.4 square kilometre property, encompassing 6,260 soil samples, a 1,688-station ground gravity survey, 780 line-kilometres of UAV magnetic surveying, and comprehensive LiDAR coverage. This work marks the first systematic assessment of the project's low-sulphidation epithermal system.

Management is now focused on integrating these findings to generate drill-ready targets. Mapping efforts led by the exploration team have identified a prominent 2.5-kilometre-long structural corridor referred to as the "Widowmaker" trend. This area shows evidence of multi-directional faulting and epithermal quartz veining, which the company considers a primary focus for subsequent exploration phases.

"The completion of several key components of our Phase 1 program marks an important milestone in advancing Table Mountain toward drill readiness."

"Our mapping, together with the newly completed gravity and magnetic surveys, is significantly improving our understanding of the structural framework controlling alteration and mineralization."

— Colin Smith, CEO, Toogood Gold Corp.; Lee Hess, Vice President of Exploration

The company is preparing for Phase 2, which will incorporate roughly 20 line-kilometres of controlled-source audio-frequency magnetotellurics to map subsurface resistivity. These geophysical surveys, combined with the ongoing integration of geological data, are intended to refine drilling targets ahead of a planned maiden campaign.

Investors can expect further news in the near term, as the company anticipates receiving initial soil and rock assay results within the coming weeks. Additionally, final processed reports from the geophysical and LiDAR surveys are currently being finalized and are scheduled for release to support upcoming project planning and permit applications.

Read the full announcement: Toogood Gold Provides Phase 1 Exploration Update at Table Mountain Gold-Silver Project, Nevada