August marks the beginning of gold’s most advantageous season from a historical perspective. While I anticipate the broader stock market collapsing between now and late October, any effects on gold or gold equities will be temporary in my estimation. The gold speculations are merely starting their ascent. Many will soar substantially higher as we progress through what I see as a once-in-a-generation chance to invest in something tangible.

Toogood Gold Corp. (TGC:TSVX) has existed for barely a month. It has already surged from an initial $0.16 on its July 16 debut to reaching $0.45 just three weeks later on August 8. I highlighted the company in a brief article I published on July 29, less than two short weeks ago. The shares were only $0.27 then, but finished last week 63% higher. Much of this price movement stems from the exceptional caliber and extensive connections of the leadership team.

This team incorporates the CEO of Dolly Varden Silver Corp. (DV:TSX.V; DVS:NYSEA; DVQ:FSE) alongside the CEO of another of my preferred investments, Golden Cross Resources Ltd. (AUX:TSXV), who also served as the founding CFO of Snowline Gold Corp. (SGD:TSX.V; SNWGF:OTCQB) and co-established Gladiator Metals Corp. (GLAD:TSX; GDTRF:OTC).

TGC’s premier Toogood Gold Project, located on New World Island in northeastern Newfoundland, Canada, encompasses a regional-scale 118 square km, including 28 km of a particularly promising corridor. This gold-rich corridor actually stretches all the way from Finland to Alabama. Never explored by drilling before 2022, drilling campaigns discovered gold in 15 of the 19 holes the previous operator bored.

2022 analysis results from the Quinlan section of the complete property included 3.65 meters of 23.9 g/t gold from 4.75 meters depth, 4.25 meters of 18.27 g/t Au from 41.25 meters, and 3.18 meters of 9.4 g/t Au from 9.4 meters deep.

TGC has launched aggressively with an announcement initiating a 2,000 meter drilling program at Quinlan. This isn’t an enormous drilling campaign, but the findings from Quinlan in 2022 established that premium-grade gold existed at or near surface. The 2,000-meter program will consist of a scheduled forty holes averaging approximately fifty-three meters each.

Additionally, TGC issued a press release describing how the company has secured an option to obtain complete ownership of an extra 375 ha property situated in the heart of the overall TooGood project. The total acquisition cost distributed across a two-year timeframe will be $330,000 in shares and cash.

This Stockley Kennedy property within the TooGood project has revealed a substantial gold trend with measurements of 127.0 g/t Au, 82.2 g/t Au and 29.5 g/t Au in exposed rock from the Chimo Zone alongside 67.3 g/t Au, 58.9 g/t Au and 20.0 g/t Au in loose rock and outcrop at the Vic Zone. Also 15.3 g/t Au in partial outcrop at the Sherwood Zone.

When I published my brief mention about TooGood Gold less than a few weeks ago, I indicated I believed the company was undervalued at a market valuation of approximately $20 million. Thus far I’ve been accurate. I’m comfortable suggesting that even with a market valuation of $33 million, it still appears undervalued to me.

Only two factors are restraining the stock’s progress:

1. They haven’t yet established a US OTC symbol, so American investors are somewhat limited in attempting to purchase the company unless they have access to Canadian shares, and
2. frankly, the stock remains undiscovered by most investors. I’m actually quite impressed they’ve managed to trade an average of 100,000 shares daily so far. That’s exceptional for a brand-new narrative, but I strongly suspect management has been circulating information among their connections.

Drilling has commenced. It would be surprising if they don’t produce some impressive results beginning around September. They’re drilling in prolific territory on a proven project guided by top-tier management. Their primary requirement is for investors to better comprehend the opportunity.