NexGold Commences Next Phase of Diamond Drilling at the Goliath Gold Complex

Core Insights - NexGold Mining Corp. has initiated Phase 2 of diamond drilling at the Goliath Gold Complex in Ontario, which includes up to 13,000 metres of drilling as part of a larger 25,000-metre program aimed at demonstrating the discovery and scale potential of the project [1] - The focus of Phase 2 is to expand mineralization outside the current Goliath Mineral Resource, potentially extending open-pit mine life and enhancing underground development opportunities [1] - The company plans to conduct geophysical and geochemical surveys on various regional prospects to develop more drill-ready targets in the coming months [1] Exploration and Development Strategy - The exploration program aims to demonstrate the potential scale and size of the district within a 65-kilometre strike potential, focusing on near-pit Mineral Resource expansion at Goliath and discovery along the Goldlund Deposit [2] - The company is advancing two near-term gold development projects: Goliath in Ontario and the Goldboro Gold Project in Nova Scotia, with the goal of creating significant value for shareholders and stakeholders [2] Company Overview - NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska, including the Goliath Gold Complex and the Goldboro Gold Project [4] - The company also holds interests in several other projects across Canada, including the Weebigee-Sandy Lake Gold Project and the Niblack copper-gold-zinc-silver VMS project in Alaska [4] - NexGold is committed to engaging with regional communities and Indigenous Nations to create sustainable economic opportunities and promote community well-being [4]