NexGold Initiates a 25,000-metre Infill Diamond Drill Program at the Goliath Gold Complex, Ontario

Core Viewpoint - NexGold Mining Corp. has initiated a diamond drilling program at its Goliath Gold Complex in Ontario, focusing on the Goldlund Deposit to infill and potentially expand open-pit Mineral Resources, with a total of up to 25,000 metres planned for 2026 [1][2]. Group 1: Drilling Program - The drill program aims to increase drill density in the deeper portions of the Goldlund open-pit Mineral Resource and to test high-grade plunging shoots for geological continuity [1]. - The drilling commenced in late 2025 and is expected to continue throughout 2026, with regular updates on results anticipated [2]. Group 2: Mineral Reserves and Resources - The Goliath Complex includes Proven & Probable Mineral Reserves of 1,267,000 ounces of gold and 1,724,000 ounces of silver, based on 30,319,000 tonnes at a grade of 1.30 g/t gold and 1.77 g/t silver [2][3]. - The Goldlund Deposit specifically has Probable Reserves of 621,000 ounces of gold at a grade of 1.19 g/t gold, with a total of 1,784,500 ounces of gold and 2,819,100 ounces of silver in combined Measured and Indicated open-pit Mineral Resources [2][3]. Group 3: Company Strategy and Community Engagement - The President and CEO of NexGold stated that 2026 is expected to be a transformational year for the company, with a focus on advancing the Goldboro Gold Project in Nova Scotia while optimizing the Goliath Complex [2]. - The company emphasizes the importance of engaging with First Nations communities and advancing permitting activities alongside technical studies [2].