NexGold Continues to Uncover High-Grade Gold at Goldboro Gold Project
TORONTO, June 26, 2025 - NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) is excited to present substantial advances from its ongoing diamond drilling program at the Goldboro Gold Project. This venture, which initially announced a planned 25,000-metre program in early 2025, has yielded impressive results, reinforcing the mineral potential in this region known for its rich resources.
Drilling Highlights and Results
The most recent results from an additional eight infill diamond drill holes, totaling 1,687.00 metres, come from what is anticipated to be a lucrative west pit site. Notable intersections from this series of drill holes include:
- 3.58 g/t gold over 18.3 metres (from 139.0 to 157.3 metres), with a peak of 59.40 g/t gold over 0.6 metres from drill hole BR-25-530.
- 2.79 g/t gold over 19.7 metres (from 291.3 to 311.0 metres), featuring 72.80 g/t gold over 0.5 metres from drill hole BR-25-544.
- 103.50 g/t gold over 0.7 metres (from 86.3 to 87.0 metres) recorded in drill hole BR-25-523.
- 1.98 g/t gold over 10.0 metres (from 114.1 to 124.1 metres), including 9.66 g/t gold over 0.5 metres from drill hole BR-25-521.
- 0.52 g/t gold over 32.8 metres (from 125.2 to 158.0 metres), featuring 3.50 g/t gold over 0.5 metres in drill hole BR-25-539.
- 2.06 g/t gold over 8.2 metres (from 169.8 to 178.0 metres), with a notable 5.96 g/t gold over 1.75 metres in drill hole BR-25-515.
- 1.80 g/t gold over 9.25 metres (from 273.0 to 282.25 metres), highlighted by 7.15 g/t gold over 1.25 metres in drill hole BR-544.
Completion of Drilling Program
With all drilling now completed, a total of 26,854 metres across 141 drill holes have been executed. The oversight throughout this phase has ensured substantial efficiencies, allowing for additional drilling that exceeded the initial target. This includes the twinning of historic drill holes from the 1980s and 1990s, a vital strategy in enhancing reliability in future resource assessments.
Future Steps and Resource Updating
As NexGold transitions towards updating the Goldboro Mineral Resource, it will incorporate the data collected from these recent drilling efforts. This update is critical, as it lays the groundwork for forthcoming feasibility studies meant to assess the project's economic viability. The timelines for both the drilling completion and the Mineral Resource update align favorably with the recent completion notice for the Nova Scotia Industrial Approval, furthering the project’s positive trajectory.
Quality Assurance and Analysis Procedures
In alignment with the CIM Exploration Best Practices Guidelines, NexGold has instituted a comprehensive quality assurance and control (QA/QC) program. This procedure involves meticulous sampling and analysis processes. Drill core and analysis undergo rigorous verification, ensuring accuracy and consistency in laboratory results.
Paul McNeill, P.Geo., who serves as the VP of Exploration for NexGold, has shared insights about the quality standards implemented in the drilling programs, emphasizing NexGold's commitment to thorough and precise mineral analysis to shape understandings of the project further.
About NexGold Mining Corp.
NexGold Mining Corp. is dedicated to exploring and developing gold mining projects across Canada and Alaska. Its notable Goliath Gold Complex in Northwestern Ontario and the Goldboro Gold Project signify its commitment to establishing a robust presence in the North American mining landscape.
The company emphasizes community engagement and sustainability, working alongside various stakeholders throughout project development phases. Interested parties can find more information on NexGold's website.
Frequently Asked Questions
What grades of gold were identified in the recent drill results?
The recent drill results highlighted intersections including 3.58 g/t gold over 18.3 metres and 103.50 g/t gold over 0.7 metres, among others.
How many drill holes have been completed by NexGold?
NexGold has successfully completed 141 drill holes, totaling 26,854 metres in its latest drilling program.
What are the next steps for NexGold following these results?
Following these results, NexGold plans to update the Goldboro Mineral Resource and progress towards feasibility studies based on the new data.
How does NexGold ensure the quality of its drilling and results?
NexGold follows stringent QA/QC protocols, including regular sampling, rigorous laboratory analyses, and duplicate sample handling.
What community values does NexGold uphold?
NexGold is committed to fostering sustainable relationships and economic opportunities in the communities where it operates, emphasizing communication and collaboration with local stakeholders.
