NeXGold Mining Corp Reports Promising Drill Results Advancing Goldboro Gold Project
- NeXGold Mining Corp. advances its Goldboro project with a successful 25,000-metre diamond drill program in Nova Scotia.
- Recent drill results show promising gold grades, with intersections of 3.58 g/t over 18.3 metres and 2.79 g/t over 19.7 metres.
- The company completed 26,854 metres of drilling, enhancing the potential for resource upgrades and supporting a forthcoming Feasibility Study.
NeXGold Mining Corp Advances Goldboro Project with Promising Drill Results
NeXGold Mining Corp. is making significant strides in its ongoing diamond drill program at the Goldboro Gold Project in Nova Scotia. Initially announced on January 22, 2025, the 25,000-metre drilling initiative focuses on infilling specific areas of the open pit Mineral Resource. The objective is to enhance geological and grade continuity, potentially leading to an upgrade of Inferred and Indicated Mineral Resources. The recent drill results, which come from eight infill drill holes totaling 1,687.00 metres in the proposed west pit, show encouraging intersections, including notable grades of 3.58 g/t gold over 18.3 metres and 2.79 g/t gold over 19.7 metres.
As the program progresses, NeXGold has surpassed its initial drilling goal, completing a total of 26,854 metres across 141 drill holes, reflecting the efficiency of their operations. Kevin Bullock, President and CEO of NeXGold, expresses satisfaction with the results, highlighting their significance for updating the Goldboro Mineral Resource. This update is critical as it will form the foundation for an upcoming Feasibility Study, which aims to assess the project's viability and potential economic returns. The drill program also aligns with the recent Notice of Completion for the Nova Scotia Industrial Approval, signaling regulatory support for NeXGold's initiatives.
The drilling efforts thus far reveal mineralization consistent with earlier findings while also uncovering new gold mineralization in previously unexplored areas. Approximately 34% of the drilling program has been reported, with 50 drill holes completed, demonstrating the project’s potential for further discovery. NeXGold has established a robust Quality Assurance/Quality Control (QA/QC) program to ensure the accuracy of assay results and maintain the integrity of its exploration efforts.
In addition to the successful drilling operations, NeXGold Mining Corp is positioned to play a vital role in the region's mining landscape. The positive trajectory of the Goldboro Gold Project not only enhances the company's resource portfolio but also contributes to Nova Scotia's growing reputation as a resource-rich area. As NeXGold continues to advance its exploration initiatives, the mining community remains attentive to further developments that may influence both local economies and the broader gold market.
Overall, NeXGold's proactive approach in its drilling program, coupled with promising results, lays a solid groundwork for future exploration and development in Nova Scotia's burgeoning gold mining sector.
