NexGold Infill Drilling Intersects New Zones of Gold Mineralization at the Goldboro Gold Project

About this update from Nexgold Mining Corp.

[{"type":"text","content":"NexGold Infill Drilling Intersects New Zones of Gold Mineralization at the Goldboro Gold Project\n\n\n\n TORONTO, May 16, 2025 (GLOBE NEWSWIRE) --\n \n NexGold Mining Corp.\n \n (\n \n TSXV: NEXG;\n \n\n OTCQX: NXGCF)\n \n (“\n \n NexGold\n \n ” or the “\n \n Company\n \n ”) is pleased to provide an update on its ongoing 25,000 metre diamond drill program initially announced on January 22, 2025 at the Company’s Goldboro Project in Nova Scotia (“\n \n Goldboro\n \n ”). The drill program is primarily designed to infill specific areas of the open pit Mineral Resource identified to improve geological and grade continuity and potentially upgrade certain areas of Inferred and Indicated Mineral Resources. The drilling is progressing well with three diamond drills currently at Goldboro, which have completed approximately 17,000 metres of diamond drilling. The program is anticipated to be completed at the end of Q2.\n \n\n The Company is also pleased to provide the highlights for four diamond drill holes (BR-25-473, 479, 498 and 501) which form part the drill program designed to confirm gold mineralization in certain historic diamond drill holes by twinning (Figure 1). These four historic holes, among others, were previously under sampled relative to expected widths of gold mineralization and where the Company believes gold mineralization exists between historic samples (Figure 1). The results confirm the Company’s interpretation that broader zones of gold mineralization do exist where only narrow zones of mineralization were previously sampled. Further, gold mineralization was intersected in areas where no samples were previously taken and not previously anticipated, indicating that gold mineralization occurs over broader zones as well as in areas not previously recognised as mineralized (Figure 1).\n \n\n Kevin Bullock, President and CEO, stated:\n \n “The 25,000 metres of diamond drilling focused on specific open pit portions of the deposit, along with drilling from 2023 and 2024, will provide the information to be included in a planned Mineral Resource update for the Goldboro Deposit in 2025, which will ultimately form the basis of an updated Feasibility Study on the Goldboro Gold Project. The drill program is progressing well, and we are pleased with the initial results ...

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