Colin Smith

Two Jurisdictions, One Thesis: Inside Toogood Gold's ($TGC | $TGGCF) High-Grade Discovery Strategy

• Top takeaway He argues Table Mountain is an exceedingly rare undrilled, well-preserved low-sulfidation epithermal system for Nevada, and he frames the maiden drill program there as the company's main near-term catalyst.
• He says gold price volatility does not change the geology or the exploration thesis, and that a gold price bouncing off a $4,000-per-ounce floor is highly favorable for investors, insiders and technical staff.
• He defends a deliberate data-first approach - mapping, thousands of soils, UAV magnetics, gravity and CSAMT - before drilling, so the first holes test the best-ranked targets rather than rushing to drill for headlines.
• He stresses that multiple independent data sets, plus Dr. Stuart Simmons' field validation of the model and its 50-200 meter targeting window, all converge on the Widowmaker and Pacifico trends.
• He invokes Great Bear Resources - sub-$10 million market cap before a discovery that ended in a $1.8 billion acquisition - as his template for why team, asset and jurisdiction matter most in early-stage plays.

Toogood Gold advances two assets: an undrilled epithermal (near-surface hot-water) gold-silver system at Table Mountain, Nevada, and the Quinlan discovery in Newfoundland. Independent epithermal expert Stuart Simmons placed the gold-precipitating boiling horizon 50 to 200 meters below surface exposure, guiding shallow first drilling. Mapping defined multi-kilometer Widowmaker and Pacifico vein structures with property-wide boiling textures and surface rock samples running anomalous to multi-gram gold. Newfoundland's Quinlan zone shows visible gold in roughly half of early holes, surface grades to 76.89 g/t (grams per tonne), and stays open. A 3,000-5,000 meter maiden drill program could start in Q4 once permits land, funded from treasury plus a planned $2.5-3 million raise.

Toogood Gold ($TGC | $TGGCF) CEO on Unlocking the Potential of Nevada’s Table Mountain Project

• Top takeaway Colin argues Table Mountain is the clearest path to a near-term drill catalyst — an undrilled, district-scale low sulfidation epithermal system where the surface expression (multi-gram gold veins, boiling textures, an alteration footprint comparable to the 17 Moz Arthur Gold Camp) suggests a fully preserved system with higher grades likely at depth.
• He favors cautious capital allocation: prioritize drilling at Table Mountain (which he says could be drilled "today" based on recent work), while running more systematic regional work in Newfoundland to avoid missing a larger system by chasing local scale.
• Colin frames Newfoundland as an "elephants" hunt, citing 30 km of strike along the same structural corridor as Equinox's producing Valentine Lake mine, visible gold in surface felsic dikes, and gold mineralization in all 30 holes of the 2025 drill program.
• He argues that being high in the epithermal system — seeing only anomalous to multi-gram gold at surface rather than half-ounce-plus material — is a positive preservation indicator, citing Hishikari in Japan as an example where low surface grades transitioned to 30-40 g/t head grade and over 9 Moz of production.

Toogood Gold (TSXV: TGC) is preparing a maiden drill program at its never-drilled Table Mountain low-sulfidation epithermal gold project in east-central Nevada. CEO Colin Smith says surface textures, soil and rock sampling, and geophysics confirm Table Mountain sits high in a preserved epithermal system with deeper potential. Newfoundland's Toogood Gold Project returned ~24 g/t gold over ~4 m at the Quinlan Zone, with ~30 km of untested strike along the Valentine corridor. A tight cap structure — 85M shares outstanding, 95M fully diluted, ~20% insider ownership — backs a junior running two district-scale assets at once. Near-term catalysts are steady Nevada exploration results culminating in the first ~3,000 m drill phase later in 2026.

Gold & Silver in Focus: Jurisdiction, Capital & Investor Priorities for 2026 | August 6, 2026

• Top takeaway Colin Smith argues early-stage explorers like Toogood can deliver Great Bear-style outsized returns, so investors should bet on team pedigree and replicable discovery models rather than current resources.
• Smith highlights a multi-kilometer, never-drilled Table Mountain epithermal system in Nevada plus a Newfoundland drill hit at Quinlan as Toogood's upside at roughly C$10M market cap.
• On grade versus jurisdiction, Smith compares jurisdictions apples-to-apples: an open-pit heap leach in Sonora can profit at 0.5 g/t gold, while Yukon-style operations may need 5 g/t or higher to break even.

Gold and silver sit at generational highs with structural fundamentals intact; both remain in the early innings of a multi-decade bull market. Junior mining equities have lagged physical metals despite record prices, creating a generational buying window for investors who pick the right teams. Grade and jurisdiction together drive valuation; Nevada, Ontario, Quebec, and Newfoundland command premiums that attract major capital today. Strategic backing by senior producers and funds like Fresnillo, Agnico, Alamos, and Eric Sprott acts as due diligence and signals quality. Capital discipline separates winners: leading juniors put 80 cents of every dollar into the ground and share evidence through steady news flow.

Toogood Gold ($TGC | $TGGCF): Advancing a District-Scale Gold Project in Nevada

• Top takeaway Argues Table Mountain sits at the upper levels of an intact, mineralized low-sulfidation epithermal system - surface gold in veins, a full pathfinder suite and boiling-zone textures - so first-phase holes may only need to pierce 50-100 m depth.
• Expects the Nevada phase-one data package assembled by the end of July and a drill program within six months of the interview, with the first-ever Table Mountain holes targeted for Q3-Q4 2026.
• Contends the team behind the deal is as important as the asset, citing his roughly 20 years as a geologist, seven to eight years with Discovery Group, and the ex-Snowline, Dolly Varden and Contango people around Toogood.
• Attributes the past year's selling pressure to freed-up 10- and 12-cent listing paper after the stock ran to the mid-to-high C$0.40s, says the register has since cleaned up, and argues one good hole could drive a significant re-rate from around C$0.10-0.12.
• Argues both project jurisdictions are tier one - Nevada top-ranked and Newfoundland consistently top-10 - and notes Table Mountain sits entirely on BLM land with a 15-day notice-level permitting path allowing up to 5 acres of disturbance.

CEO Colin Smith says the never-drilled Table Mountain project in Nevada is a district-scale epithermal (hot-spring style) gold system with multigram gold in surface veins. Band-on-band vein textures record boiling — the process that drops gold out of solution — pointing to shallow drill targets in an intact system. Origin Royalties and Altius Minerals found the project with airborne spectral alteration mapping, mirroring the 16-million-ounce Silicon-Merlin district nearby. In Newfoundland, the Toogood project hit visible gold in 15 of 19 maiden holes, and thin glacial cover makes soil anomalies reliable drill guides. About C$3 million in treasury and 85 million shares out fund the work, with a maiden Nevada drill planned for Q3 or Q4.