NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) has released initial results from its Reverse Circulation infill drill program at the Goldboro Gold Project in Nova Scotia, with highlights including 61.22 grams per tonne (g/t) gold over 12.0 metres and 5.85 g/t gold over 13.0 metres. The program, which comprises up to 30,000 metres in 600 holes, is designed to infill specific areas of the Goldboro Mineral Resource at a nominal drill spacing of 12.5 metres and down to depths of 50 metres.
Program Progress and Objectives
As of the announcement, over 65% of the drilling is complete. Kevin Bullock, President, CEO & Director of NexGold, stated: “The RC Infill Drill Program is progressing very well, with over 65% of the drilling complete. Initial results from the program are confirming the location, tenor of gold grade, and thickness of mineralization at a level of detail not previously drilled at Goldboro, and within the western most areas coincident with the first years of mining.”
The company aims to de-risk the Mineral Resources and Reserves, focusing on areas expected to be mined in the early years of production, coinciding with the anticipated pay-back window. These results will inform a final investment decision expected later this year and will be incorporated into any future Mineral Resource Estimate beyond the updated Feasibility Study, which is expected to be completed in late Q3 2026.
Drilling Details and Selected Highlights
The drill results reported represent 3,265 metres of drilling from 82 RC drill holes. Based on QA/QC procedures and comparisons to previous drilling and recent modelling, the results are considered geologically representative of mineralization. The drilling has confirmed mineralization at a more detailed scale but with similar grade and thickness as previously intersected in diamond drill holes within the same area.
Selected highlights from the RC Infill Drill Program include:
- 61.22 g/t gold over 12.0 metres
- 5.85 g/t gold over 13.0 metres
A full table of significant gold intersections is provided in the company's release. The high-density program targets the first few years of planned production, where the deposit is currently accessible by the drill rig. By using Reverse Circulation drilling, NexGold aims to obtain a high-density data set that may upgrade Mineral Resources from Indicated to Measured category, using a technique that more closely approximates production drilling and associated dilution.
Future Plans
The RC Infill Drill Program is anticipated to continue into Q3 2026. The company expects to update the market as assay results become available, subject to ongoing drilling progress, laboratory turnaround times, and other factors. The information will be used in concert with more than 180,000 metres of diamond drill data currently available on the deposit to inform the first years of planned mining activity.
