Interview with Colin Smith, Director & CEO of Toogood Gold
Our previous interview: https://www.cruxinvestor.com/posts/toogood-gold-tsxvtgc-expanding-high-grade-discovery-in-newfoundland-8643
Recording date: 19th March 2026
Toogood Gold Corporation (TSXV:TGC) has emerged as a compelling discovery-focused explorer following exceptional drill results at its Quinlan target in Newfoundland and the strategic acquisition of Nevada's Table Mountain epithermal project. The company's recent operational updates reveal a systematic approach to advancing high-quality targets across two of North America's premier gold jurisdictions.
At Quinlan, Toogood achieved a perfect 30-for-30 drill success rate, with every hole intersecting both the gold-bearing felsic dyke and mineralization. The discovery has doubled in strike length from 200 meters to over 400 meters while remaining open in both directions. The standout intercept of 29 meters at 2.3 grams per tonne gold near surface, with higher-grade zones approaching half an ounce, establishes the target's economic potential despite averaging 3-5 meters in true thickness.
The company's breakthrough deployment of ground penetrating radar (GPR) technology successfully mapped dyke structures under cover, enabling a step-out discovery 150-200 meters along strike. This proven methodology now provides a systematic tool to test 45 identified felsic dyke occurrences across the southwestern block.
Perhaps most significantly, Toogood validated the Melange contact as a new discovery vector. Three inaugural holes at this previously undrilled 10-kilometer geological boundary all intersected gram-to-multi-gram gold, confirming historical surface sampling. The southwestern Quinlan holes—delivering the program's best results—are vectoring toward where the Quinlan trend and Melange contact converge, creating a high-priority structural intersection target.
Simultaneously, the company secured a binding letter of intent for Nevada's Table Mountain project, featuring a 4-kilometer by 2-kilometer alteration cell matching the footprint of the 16-million-ounce Silicon-Merlin system. Outcropping epithermal quartz veins with textbook characteristics show no evidence of previous drilling despite anomalous to multi-gram gold values.
With $3.2 million in treasury plus $600,000 in flow-through financing, Toogood maintains adequate capital to advance systematic exploration programs at both projects without immediate dilution, targeting Q3 2026 for Nevada drilling while expanding Newfoundland's geological understanding through regional geochemistry.
View Toogood Gold's company profile: https://www.cruxinvestor.com/companies/toogood-gold
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