NexGold Unveils Latest High-Grade Gold Intersections at Goldboro
Significant Gold Intersections at Goldboro Project
NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF), a pioneering gold-focused company, continues to make waves in the mining sector with its latest batch of assay results from the Goldboro Open Pit Gold Project. The recently concluded diamond drill program, comprising 26,854 meters, is proving to be a game-changer for the company. The results showcase several promising intersections of high-grade gold mineralization that are expected to enhance the resource estimation and possibly upgrade sections of the Inferred and Indicated Mineral Resources.
Drilling Program Highlights
President and CEO Kevin Bullock expressed enthusiasm regarding the results, noting the consistency of high-grade assays from both the East and West domains of Goldboro. The recent assay results from 11 infill diamond drill holes, totaling 1,944.05 meters, reveal depths reaching up to 108.76 g/t Au over 1.40 meters and 67.23 g/t over 2.20 meters. These intersections are crucial in validating the company’s mineral resource model.
Key Assay Values
Some notable drill intersections detailed in the report include:
- 108.76 g/t gold over 1.40 metres (from 86.60 to 88.00 metres) with a remarkable 304.00 g/t gold over 0.50 metres in drill hole BR-25-578.
- 67.23 g/t gold over 2.20 metres (from 86.80 to 89.00 metres) with 286.00 g/t gold over 0.50 metres in drill hole BR-25-571.
- 1.46 g/t gold over 13.00 metres (from 160.00 to 173.00 metres) and other significant intersections that are being verified.
Enhanced Resource Estimation
The latest data from the infill drilling program—now totaling results from 111 drill holes—shows promise in confirming existing geological models while identifying new areas of gold mineralization. As gold prices fluctuate and exploration technology advances, it’s essential for NexGold to continuously refine its approach to resource estimation.
Community Engagement and Sustainability
NexGold is committed to fostering strong relationships with local communities and Indigenous Nations. Through informed dialogue, the company seeks to promote sustainable economic opportunities and enhance the social fabric of the regions it operates in.
Quality Assurance and Control Measures
To ensure the integrity of its assays, NexGold has a robust quality assurance/quality control (QA/QC) program in place. All exploration work complies with the CIM Exploration Best Practices Guidelines, reassuring stakeholders of the data's reliability and accuracy.
About NexGold Mining Corp.
NexGold Mining Corp. operates with a clear focus on maximizing the value of its assets, including the Goliath Gold Complex in Northwestern Ontario and the Goldboro Gold Project in Nova Scotia. The company also holds interests in several promising projects in Canada, demonstrating a commitment to advancing its exploration initiatives while working closely with communities to ensure mutual benefits.
Frequently Asked Questions
What is the latest news from NexGold regarding its Goldboro Project?
NexGold has unveiled high-grade gold intersections from its ongoing drill program at the Goldboro Open Pit Gold Project, revealing encouraging assay results that promise further resource estimation enhancements.
What were some notable assay results reported by NexGold?
Recent assays include 108.76 g/t gold over 1.40 metres and 67.23 g/t gold over 2.20 metres, demonstrating significant mineralization that aligns with the company's geological models.
How does NexGold ensure the quality of its assay data?
The company has implemented a comprehensive QA/QC program, adhering to industry standards to guarantee accurate sampling and analysis of all exploration work.
What is NexGold’s vision for community engagement?
NexGold is dedicated to maintaining informed, meaningful dialogue with regional communities and Indigenous Nations to create sustainable economic opportunities and promote community well-being.
Where can I find more information about NexGold's projects?
Detailed information about NexGold and its various projects is available on the company's official website and through their issuer profile on regulatory platforms.
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