August 8, 2024
NexGold Mining Corp. (TSXV:NEXG, Not Rated, Ron Stewart) has commenced a multi-stage exploration program, including a 25,000m drill program, at its Goliath Au project in northwestern Ontario. Phase 1 of the 25,000m drill program has commenced and is targeting structural trends within the project’s 65km strike which are similar to the three known deposits. It includes 4,000m of drilling at the Interlake target between the Goliath and Goldlund deposits, which collectively host 98% of the 100kt M&I+I resource. Initial targets at Interlake include follow-up of a historical drill interval of 1.33 oz/t Au over 2 ft (41.4 g/t Au over 0.60m) in an altered granodiorite, anomalous soils and structural lineaments along intrusive margins. After these initial targets, drilling is planned to test down-dip high-grade trends at all three deposits to expand known mineralization. We look forward to the results of the exploration program, which could expand the scale of the project in any future production operation, even as the company works in parallel to permit the project toward construction. Read more
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NexGold Mining Corp. – TSXV:NEXG
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