Giant Gold-Silver Target in Nevada, But Why Has No One Drilled It Before? | Toogood Gold Interview

**Antonio** (0:00)
This video is sponsored by Terrahutton, who makes the invisible, investible. Today in the CEO BBQ, we're looking for gold and copper in two places, so Nevada and potentially Newfoundland, together with Toogood Gold. But if you're short on time, subscribe to our free newsletter, and once a week, we'll send you a five-minute summary of all interviews we put out, resourcetalks.com for a free weekly newsletter. Now, although this company has not paid us for the production of this video, you should still understand that we are not financial advisors, and this is not intended as financial advice. It is a broad, general, and impersonal piece of information intended only for those who know and understand the risks of junior mining, of which there are many. Before moving on, read the company's official filings on SitterPlus.ca, and do your own due diligence. Pause the screen and read all the disclaimers I've shown you because your capital is at risk. If this isn't clear, go to the last section of this video for a longer explanation of the risks and biases and do not consume this content if you don't agree with everything said therein. Moving on, Toogood Gold's flagship might actually be switching here a little bit. I was initially prepping to give a whole speech about Newfoundland here, but it might actually, folks might be switching a little bit here from the Toogood Gold project, which they got their name from on New World Island, about 60 kilometers north of Gander in Newfoundland to Nevada, which of course we'll talk about later on.
I'll also talk a little bit about the Newfoundland asset though. In Newfoundland, the Quinlan discovery there is a structurally controlled ore gen and gold system hosted in a felsic dike that intrudes black shale and sits within the exploits subzone is what they call it. The 2025 drill program and phase II surface sampling are now completed, and there's potentially going to be a 2026 season there, and drilling and more exploration. Biggest upcoming catalyst there would be results from the plant step out and extension drilling at Quinlan along with maiden drilling at the secondary or potentially primary now asset in Nevada, which is targeted for Q3 of 2026, which is an aggressive timeline. Of course, we'll talk about that later on. As I said though, that focus might be switching and we'll talk about it later, but they've recently signed a definitive earning agreement on the Table Mountain project in Nevada. District scale, undrilled, low self-floodation, epithermal gold-silver system that is currently seeing some surface work just literally kicked off. Well, the news release was today as we speak for some surface work that's going to help them define targets and potentially keep that dual jurisdiction story moving forward. Of course, on the back of that, as I said, potentially drilling, but we'll talk about all of that later on. Now, for some of the numbers and a bit of the details, Toogood Gold is listed as TGC on the TSX-V in Canada, where the average volume over the last three months has been about 155,000 shares. The 52-week high here is 47 cents and a 52-week low is 10 cents. With right now, a little over 84 or a little under 84 million shares outstanding and a market cap of just under $10 million. This is today now an 11-cent stock.
There's some options and warrants. There was a financing that happened that we can also talk about as well. They've gone 18 million options and 53 million or 5.3 million warrants.
Actually, altogether representing 7.8% of the fully diluted 91 million shares.
How much money do they have right now to make that program happen? Will they have to be raising money again this year? Are they going to spend some money on promotion? What's going on with the stock price since they took on that project and so on and so forth? All questions that we'll be back to later on in the conversation. But for this to actually become a conversation though, I'm going to have to shut up already and Colin, I'll give you the word. First of all, thank you for sitting down with us today.

**Colin Smith** (4:09)
Yeah, no, Antonio, thanks for having me on. I mean, no less any barbecue-themed interview is one that I'll make sure to attend. So thanks for having us. It's great.

**Antonio** (4:18)
A pleasure is mine. And Christian also likes attending barbecues, although I'm sure this is the least favorite of his, but I'll let him kick it off.

**Christian** (4:27)
I prefer the food over these interviews, Antonio, but here we are.
Thanks for joining, Colin. Just to set the stage here a bit, as Antonio mentioned, you acquired a new project in Nevada, whereas the focus before was Newfoundland. So what's the business strategy here for Toogood? Are you going to pivot to Nevada or will it be a combination of Nevada and Newfoundland?