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NexGold Infill Drilling Continues to Intersect High-Grade Gold Mineralization at the Goldboro Gold Project, Including 77.30 g/t over 1.25 metres and 19.32 g/t gold over 3.50 metres
Globenewswireยท2025-07-10 11:00

Core Viewpoint - NexGold Mining Corp. has announced additional high-grade gold drill results from its Goldboro Gold Project in Nova Scotia, following a 26,854-metre diamond drill program aimed at improving geological and grade continuity of the mineral resources [1][2][3] Group 1: Drill Program Details - The drill program included 36 infill diamond drill holes totaling 5,874.2 metres, primarily focused on the proposed east pit [1][2] - Approximately 61% of the infill program has been completed, with 86 drill holes released to date [3] - The results indicate consistent mineralization with previous drill results, and additional gold mineralization has been found in previously under-drilled areas [3] Group 2: High-Grade Gold Assays - Significant assay results include: - 77.30 g/t gold over 1.25 metres in drill hole BR-25-516, including 190.50 g/t over 0.50 metres [4] - 19.32 g/t gold over 3.50 metres in drill hole BR-25-549, including 133.50 g/t over 0.50 metres [4] - 70.78 g/t gold over 0.85 metres in drill hole BR-25-492 [4] - Other notable intersections include 56.26 g/t gold over 1.00 metre in BR-25-545 and 19.18 g/t gold over 2.30 metres in BR-25-536 [4] Group 3: Mineral Resource Update and Permitting - Micon International Co Limited has been selected to complete the Mineral Resource update, which is critical for updating the existing Goldboro Feasibility Study [2] - The federal government of Canada has approved an amendment to the Metal and Diamond Mining Effluent Regulations for the Goldboro Gold Project, marking a key permitting milestone [2] Group 4: Company Overview - NexGold Mining Corp. is focused on gold mining with assets in Canada and Alaska, including the Goldboro Gold Project and the Goliath Gold Complex in Ontario [20] - The company is committed to sustainable practices and meaningful dialogue with regional communities and Indigenous Nations [20]