Toogood Gold Corp. (TGC:TSXV; TGGCF:OTCQB) has reported results of a technical review of its Table Mountain gold-silver project in Lincoln County, Nevada, conducted by Dr. Stuart F. Simmons following a two-day site visit on July 25 and 26, according to an August 18 release.
Simmons, an internationally recognized expert on epithermal gold-silver deposits and hydrothermal systems, evaluated surface outcrops, exposed veins, epithermal textures, and alteration across the property. His work examined the depth represented by the exposed geology, evidence of the paleo-water table, indications of boiling and fluid movement, structural and stratigraphic influences, and what those observations mean for the project's exploration potential, the release said.
The review indicates the surface geology preserves the upper section of an epithermal system, suggesting the primary gold-silver target could remain intact at relatively shallow depth. Widespread lattice quartz textures point to vigorous boiling — a process that can trigger gold and silver deposition from hydrothermal fluids — and surface gold geochemistry likewise supports the interpretation that the exposed rocks represent a shallow level of the system, with a more prospective zone potentially preserved below.
"Table Mountain represents a highly favorable opportunity for new discovery in virgin ground," Simmons said. "It displays several of the key attributes I look for in a prospective low-sulfidation epithermal system, including excellent preservation and widespread quartz textures indicating energetic boiling within high-fluid-flux conduits capable of depositing significant gold and silver mineralization. With substantial veins exposed at surface and potential to encounter epithermal vein mineralization approximately 50 to 200 meters below surface in the areas examined, Table Mountain presents a compelling exploration opportunity."
Simmons conducted the examination with Lee Hess, vice-president of exploration, and Colin Smith, chief executive officer and a director of the company.
Features interpreted to have formed near the paleo-water table support a prospective interval beginning about 50 meters below surface and extending to roughly 200 meters, providing an initial vertical framework for drill targeting, although Simmons did not view that interval as a limit on deeper potential. Kilometers of structural corridors host multiple gold- and silver-bearing epithermal veins alongside pronounced arsenic-antimony-mercury-molybdenum-thallium pathfinder anomalies, and variations in the paleo-water table or later faulting could have expanded the vertical extent of mineralization.
Management said the review provides external technical support for the company's geological interpretation and helps set a practical depth range for its initial drilling. "Dr. Simmons's review provides valuable external technical support for our geological model and a practical vertical framework for targeting in the maiden drill program," Smith said. "Our excitement continues to build as our understanding of the system advances, and Stuart's insights strengthen our confidence in Table Mountain's discovery potential."
Building Toward a Maiden Drill Program
Beyond the surface indicators already described, Simmons documented crustiform-colloform banding alongside the lattice quartz, with those textures occurring in major veins, hydrothermal breccias, and permeable volcanic rocks — evidence that fluids moved through several structural and stratigraphic pathways, according to the release. The property hosts multiple structurally controlled epithermal quartz veins roughly 0.5 to three meters wide, and the Widowmaker vein has been exposed intermittently for about one kilometer, with an extensive trail of vein float suggesting the mineralized structure continues beyond the exposed section.
Cuspate opaline silica, clay alteration, and strong silicification further point to shallow preservation, while altered volcanic rocks (including tuff carrying strong pathfinder-element anomalies) show that fluid circulation extended beyond the main veins, Toogood said. Repeated silicification and lattice quartz within brecciated rhyolite along the Widowmaker trend indicate multiple episodes of fluid movement and boiling.
Toogood is now preparing Table Mountain for its maiden drill campaign, combining Simmons's interpretations with geological mapping, rock and soil geochemistry, LiDAR, magnetic data, and gravity surveys to better define the structural and vertical controls on mineralization. The company said it also plans roughly 15 line kilometers of CSAMT surveying to sharpen its picture of buried structures, vein corridors, and alteration zones, then use the combined data to prioritize targets and set drill-hole locations, orientations, and depths.
At the same time, Toogood is evaluating drill-pad sites along about one to 1.5 kilometers of the Widowmaker trend while advancing access plans and preparing the permitting applications required for the maiden program.
Simmons is a consulting geologist and research professor at the University of Utah's Energy and Geoscience Institute, with a PhD in geology from the University of Minnesota and prior posts at the University of Auckland and the Colorado School of Mines, the release said. A past president of the Society of Economic Geologists, he has authored or co-authored more than 70 peer-reviewed papers on hydrothermal systems and mineral deposits across the Pacific Rim and the western United States and holds the SEG Silver Medal (2014) and Marsden Medal (2018).
Expert: Co. Has 'Multiple Paths' to Value Creation
1Technical analyst John Newell of John Newell & Associates maintained a Speculative Buy recommendation on Toogood Gold in a February 13 review of the stock, characterizing the company as "a high-grade exploration company with multiple paths to value creation." Newell highlighted the Quinlan Gold Discovery, the company's recent consolidation of land holdings, and the broader district-scale exploration potential in Newfoundland.
Newell said Toogood's "current valuation appears to reflect early-stage status rather than a lack of geological substance." He added that the company's capital structure "preserves leverage to exploration success while avoiding excessive dilution."
From a technical perspective, Newell said Toogood's shares appeared to be establishing an extended base after the stock's 2024 decline. He identified CA$0.20 to CA$0.21 as the initial significant resistance zone and noted that "a sustained move above this level would serve as confirmation that the base has resolved to the upside."
The report also identified further potential technical targets near CA$0.24, CA$0.33, and CA$0.45, levels Newell linked to earlier periods of trading congestion and previous highs.
Newell concluded, "For investors who understand the risks associated with junior exploration ... Toogood Gold Corp. is considered a Speculative Buy, offering leverage to high-grade discovery potential in a Tier-1 jurisdiction."
The Catalyst: Could Gold Increase by Tenfold?
Gold climbed toward a three-month high Friday as a weaker U.S. dollar and U.S. Treasury efforts to reduce longer-term borrowing costs supported bullion, reported Scott Kanowsky for Investing.com on August 21.
Spot gold rose 1.4% to US$4,584.30 an ounce, while futures gained 1.5% to US$4,641.89, leaving gold up more than 4% this week and on track for a third consecutive weekly advance.
The rally has tracked U.S. bond-market moves after the Treasury announced it would double purchases of longer-dated debt to at least US$4 billion per operation next quarter, with Secretary Scott Bessent indicating purchases could increase further. Lower yields reduce the opportunity cost of holding gold, while a weaker dollar boosts overseas demand.
"Yes, these buyback operations were originally designed to address market liquidity issues, and the off-cycle nature of the adjustment has raised eyebrows. But the main takeaway has to be that higher, longer-dated Treasury yields are firmly on the Treasury's radar and need to be addressed," ING analysts said in a note, according to Kanowsky's report.
Fed officials have warned that lower long-term yields could ease financial conditions even as the central bank works to contain inflation. Markets are also weighing the impact of an Iran-related energy shock and heavy AI infrastructure spending on bond yields and interest-rate expectations. CME FedWatch puts the odds of unchanged Fed rates in September at roughly two-thirds.
Thomas Kaplan believes gold could rise dramatically from current levels, potentially reaching US$30,000 to US$50,000 an ounce, according to a report by Jeremy Szafron for KitcoNews on August 20.
Kaplan said that a tenfold increase in gold prices is not merely possible but inevitable, adding, "Seeing gold go up another tenfold from here, to me is not just likely, but inevitable," and, "I can see gold going to 30, 40, 50,000 dollars without a problem."
Gold was trading around US$4,515 an ounce Thursday afternoon after moving back above US$4,500. A tenfold increase from that level would put the metal near US$45,000 an ounce, within Kaplan's projected range, and would represent a dramatic acceleration of the gains gold has achieved over the past two decades.
Streetwise Ownership Overview*
Toogood Gold Corp. (TGC:TSXV;TGGCF:OTCQB)
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 06/30/25 | SMTH.P:TSX.V | 1 | TGC:TSX.V | 1 |
Kaplan did not provide a specific timeframe for his long-term forecast and said he could not predict whether the current pullback would deepen, Szafron said. "Maybe it already is, maybe it needs to test again, I don't know," he said of the correction. "It doesn't matter, because in the long term, even in the medium term, gold and silver are going to multiply from where they are."
Kaplan views the recent decline as a normal setback within a broader precious-metals bull market and compares the move with the 1987 market crash. Earlier this year, when gold and silver were trading near record levels, he warned that a significant decline could occur but argued that such a move would create a buying opportunity rather than signal the end of the rally.
"We could have a 1987 moment," he said. "That was the best buying opportunity of the entire bull market."
Ownership and Share Information2
Toogood Gold Corp. has a market cap of CA$9.18 million, with 87.55 million shares outstanding. The company's 52-week range is CA$0.09-CA$0.47.
About 20% of the company is held by insiders and management, about 12% by institutions, and about 7% by the strategic investor Discovery Group. The rest is retail.
Common Investor Questions
What did Toogood Gold announce? On August 18, 2026, Toogood reported the results of a technical review of its Table Mountain gold-silver project in Lincoln County, Nevada, conducted by epithermal-systems expert Dr. Stuart F. Simmons after a two-day site visit on July 25 and 26.
What did the review conclude? Simmons found that Table Mountain's surface geology preserves the upper part of a low-sulfidation epithermal system, meaning the primary gold-silver target could remain intact at relatively shallow depth. He called it "a highly favorable opportunity for new discovery in virgin ground," citing widespread quartz textures that indicate vigorous boiling — a process that can concentrate gold and silver — and substantial veins exposed at surface.
What is the Widowmaker vein? The Widowmaker is a structurally controlled epithermal vein exposed intermittently for about one kilometer, with a trail of vein float suggesting the mineralized structure continues beyond the exposed section. Toogood is evaluating drill-pad sites along about one to 1.5 kilometers of the Widowmaker trend.
What are the next steps? Toogood is preparing Table Mountain for its maiden drill campaign, integrating Simmons's interpretations with geological mapping, rock and soil geochemistry, LiDAR, magnetic and gravity data, and roughly 15 line kilometers of CSAMT surveying to prioritize targets and set drill-hole locations, while advancing access plans and permitting.
Who is Dr. Stuart Simmons? Simmons is a consulting geologist and research professor at the University of Utah's Energy and Geoscience Institute, a past president of the Society of Economic Geologists, and author or co-author of more than 70 peer-reviewed papers on hydrothermal systems. He holds the SEG Silver Medal (2014) and Marsden Medal (2018).
What do analysts say about Toogood? Technical analyst John Newell maintained a Speculative Buy in a February 13 review, calling Toogood "a high-grade exploration company with multiple paths to value creation" — a view anchored largely in the company's Quinlan Gold Discovery and district-scale potential in Newfoundland. He flagged CA$0.20–0.21 as initial resistance, with further targets at CA$0.24, CA$0.33, and CA$0.45.
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Important Disclosures:
- 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.
- Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- 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.
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1. Disclosure for the quote from the John Newell article published on February 13, 2026
- For the quoted article (published on February 13, 2026), Toogood Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
- 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.
