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NexGold Initiates 30,000-Metre Infill Drill Program at the Goldboro Gold Project in Nova Scotia
TORONTO, March 25, 2026 (GLOBE NEWSWIRE) -- NexGold Mining Corp. ( TSXV: NEXG; OTCQX: NXGCF) ...
About this update from Nexgold Mining Corp.
[{"type":"text","content":"NexGold Initiates 30,000-Metre Infill Drill Program at the Goldboro Gold Project in Nova Scotia\nTORONTO, March 25, 2026 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”) is pleased to announce it has commenced a detailed Reverse Circulation infill drill program (“RC Infill Drill Program”) at the Company’s Goldboro Project in Nova Scotia (“Goldboro Project”). The RC Infill Drill Program, which comprises up to 30,000 metres, is focused on the Goldboro Deposit and 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 (Figures 1 and 2). This high-density drill program targets the first few years of planned production at the Goldboro Project where it is currently accessible by the drill rig. The goal of the drill program, and the rationale for using Reverse Circulation drilling, is to obtain a high-density data set that may be used to upgrade Mineral Resources from the Indicated to Measured category, using a drilling technique that more closely approximates production drilling and associated dilution. This information will be used in concert with more than 180,000 metres of diamond drill data currently available on the deposit, including the data which informs the 2021 Goldboro Mineral Resource and Mineral Reserves as outlined in the Company’s technical report, prepared by Nordmin Engineering Ltd., entitled “NI 43-101 Technical Report and Feasibility Study for the Goldboro Gold Project, Eastern Goldfields District, Nova Scotia” with an effective date of December 16, 2021 and a report date of January 11, 2022 (the “Feasibility Study”). The technical report is available on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.nexgold.com. Kevin Bullock, President and CEO, commented: “The Company continues to advance and de-risk the Goldboro Project as we move toward an investment decision later this year. The recently launched 30,000-metre infill drill program focuses primarily on areas of the Mineral Resource that are expected to be mined in the early years of production and is intended to support the refinement of the Mineral Resource model following the update to the Feasib...