NexGold Infill Drilling Intersects New Zones of Gold Mineralization at the Goldboro Gold Project

Core Insights - NexGold Mining Corp. is conducting a 25,000 metre diamond drill program at its Goldboro Project in Nova Scotia to enhance geological and grade continuity of the open pit Mineral Resource [1][3] - The drilling program has successfully completed approximately 17,000 metres and is expected to conclude by the end of Q2 2025 [1] - Initial results from four diamond drill holes confirm broader zones of gold mineralization than previously identified, indicating potential upgrades to Inferred and Indicated Mineral Resources [2][3] Drilling Program Details - The drill program aims to twin historic diamond drill holes to confirm gold mineralization and address under-sampling issues [2][4] - The four highlighted drill holes (BR-25-473, 479, 498, and 501) have shown significant gold intersections, with notable grades such as 35.40 g/t over 0.7 metres in hole BR-25-501 [5][7] - The results indicate that gold mineralization exists in broader zones and in areas not previously recognized as mineralized [2][3] Future Plans - The data from the ongoing drilling will contribute to a planned Mineral Resource update for the Goldboro Deposit in 2025, which will inform an updated Feasibility Study [3] - The company is also finalizing a Feasibility Study for its Goliath Project in Ontario, indicating a strategic focus on advancing its projects [3] Company Overview - NexGold Mining Corp. is focused on gold exploration and development, with projects in Canada and Alaska, including the Goliath Gold Complex and the Goldboro Gold Project [18] - The company emphasizes sustainable practices and community engagement throughout its project lifecycle [18]