NexGold Continues to Intersect High-Grade Gold Mineralization at the Goldboro Open Pit Gold Project, Including 50.73 g/t gold over 6.65 metres and 5.28 g/t gold over 19.20 metres

Core Insights - NexGold Mining Corp. has announced additional drill results from a 26,854-metre diamond drill program at its Goldboro Open Pit Gold Project in Nova Scotia, aimed at improving geological and grade continuity of the Mineral Resource [1][2][3] - The company has released results from 100 drill holes, approximately 71% of the infill program, indicating consistent mineralization with previous results and local adjustments to the geological model [3][4] - High-grade gold assays have been reported, with significant intersections including 50.73 g/t gold over 6.65 metres in drill hole BR-25-559 [4][9] Drill Program Details - The drill program is designed to infill specific areas of the open pit Mineral Resource to potentially upgrade Inferred and Indicated Mineral Resources [1][2] - The assay results from 14 additional diamond drill holes total 3,347.0 metres, focusing on the proposed west and east pits [1][3] - The geological model broadly predicts the location of gold mineralization, with adjustments made for local variations [3][4] Assay Results Highlights - Significant drill intersections include: - 50.73 g/t gold over 6.65 metres in BR-25-559, with sub-intervals of 253.00 g/t over 1.00 metre and 115.30 g/t over 0.60 metres [4][9] - 5.28 g/t gold over 19.20 metres in BR-25-562, including 56.00 g/t over 1.00 metre [4][9] - 59.60 g/t gold over 0.85 metres in BR-25-565 [4][9] Future Plans - The company has begun updating the Mineral Resource for Goldboro, which will inform an updated Feasibility Study [2][3] - The forthcoming Mineral Resource Estimate is planned for the second half of 2025, taking into account additional assay data from the drill program [3][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 [18][19] - The company is committed to sustainable practices and community engagement throughout its project lifecycle [19][20]