NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) has released new positive results from its ongoing diamond drilling program at the Goliath Gold Complex in northwestern Ontario. The program targets the Goldlund Deposit, where approximately 19,000 metres of the planned 25,000 metres have been completed. The focus is on infilling and potentially expanding open pit Mineral Resources.
Drill Results Highlight High-Grade Gold
The latest results come from 5,816 metres of drilling in 14 holes (GL-26-006 to GL-26-008 and GL-26-010 to GL-26-019B). These holes infill and expand mineralization in Zone 4, from near the centre to the northeastern end of the open pit Mineral Resource. Selected intercepts include:
- 15.21 g/t gold over 20.1 metres (from 386.2 to 406.3 metres), including 497.00 g/t gold over 0.5 metres and 50.10 g/t gold over 1.0 metre, in drill hole GL-26-007; additionally, 3.55 g/t gold over 6.0 metres (from 370.0 to 376.0 metres), including 8.98 g/t gold over 1.0 metre.
- 5.11 g/t gold over 21.8 metres (from 351.6 to 373.4 metres), including 159.00 g/t gold over 0.5 metres and 13.40 g/t gold over 0.6 metres, in drill hole GL-26-014.
- 4.51 g/t gold over 21.9 metres (from 244.5 to 266.4 metres), including 134.00 g/t gold over 0.6 metres, 10.40 g/t gold over 1.0 metre, and 6.76 g/t gold over 0.5 metres, in drill hole GL-26-012.
- 2.12 g/t gold over 16.0 metres (from 379.0 to 395.0 metres), including 27.30 g/t gold over 1.0 metre, in drill hole GL-26-016.
- 1.34 g/t gold over 30.0 metres (from 258.0 to 288.0 metres), including 13.13 g/t gold over 0.7 metres and 7.38 g/t gold over 0.9 metres, in drill hole GL-26-011.
Consistent Mineralization in Zone 4
These results align with previously reported intersections from the same area, such as 3.31 g/t gold over 20.0 metres (including 71.69 g/t gold over 0.7 metres) in hole GL-25-003, and 7.59 g/t gold over 9.0 metres (including 104.00 g/t gold over 0.5 metres) in hole GL-25-002.
Management Commentary
Kevin Bullock, President and CEO of NexGold, stated: "Our infill drilling program at the Goliath Gold Complex continues to deliver positive results, supporting the interpretation of mineralized continuity within Zone 4, including at depths approaching the base of the current open pit Mineral Resource. The Goliath Gold Complex represents an important pipeline project for NexGold following the successful construction of our Goldboro Gold Project in Nova Scotia. The results to date are expected to contribute valuable data to support potential upgrading of Mineral Resource classifications and to inform ongoing mine planning and optimization studies. The drill program is ongoing, with more than 75% of the planned work completed, and we look forward to updating the market with additional results."
The company remains focused on advancing the Goliath Gold Complex, which includes the Goliath, Goldlund, and Miller Deposits, as a key growth asset.
