NexGold Initiates 30,000-Metre Infill Drill Program at the Goldboro Gold Project in Nova Scotia

Core Viewpoint - NexGold Mining Corp. has initiated a detailed Reverse Circulation infill drill program at its Goldboro Project in Nova Scotia, aiming to enhance the Mineral Resource classification and support future production plans [1][2][3]. Group 1: Drill Program Details - The RC Infill Drill Program will cover up to 30,000 metres, focusing on specific areas of the Goldboro Deposit with a nominal drill spacing of 12.5 metres and depths of up to 50 metres [1][2]. - The program aims to upgrade Mineral Resources from the Indicated to Measured category, utilizing a drilling technique that closely resembles production drilling [2][3]. - The drill program is expected to continue into Q3 of 2026, with assay results disclosed as they become available [4]. Group 2: Project Development and Feasibility - The drill program is part of several initiatives at the Goldboro Project, including an update to the Feasibility Study that will incorporate additional drill data and updated cost assumptions [4]. - The Feasibility Study will reflect changes in gold prices and operational costs since its completion in 2021 [4]. - The company is also engaged in technical, environmental, engineering, and permitting activities, alongside community engagement efforts [4]. Group 3: Management Commentary - Kevin Bullock, President and CEO, emphasized the importance of the infill drill program in advancing and de-risking the Goldboro Project as the company approaches an investment decision later this year [3]. Group 4: Investor Relations - NexGold has renewed its agreement with Triomphe Holdings Ltd. for investor relations services, with a six-month term for a fee of $60,000 [7].