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NexGold Intersects 13.67 g/t over 1.75 metres and 1.05 g/t over 21.20 metres at the Goliath Deposit and Provides Update on Sprott Royalty

TORONTO, July 09, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. ( TSXV: NEXG; OTCQX: NX...

articleNexgold Mining Corp.July 9, 20254/company/nexgold-mining-corp/news/nexgold-intersects-1367-gt-over-175-metres-and-105-gt-over-2120-metres-at-the-goliath-deposit-and-provides-update-on-sprott-royalty
NexGold Intersects 13.67 g/t over 1.75 metres and 1.05 g/t over 21.20 metres at the Goliath Deposit and Provides Update on Sprott Royalty

About this update from Nexgold Mining Corp.

[{"type":"text","content":"NexGold Intersects 13.67 g/t over 1.75 metres and 1.05 g/t over 21.20 metres at the Goliath Deposit and Provides Update on Sprott Royalty\n\n\n\n TORONTO, July 09, 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 additional results from the most recent diamond drilling at the Goliath Gold Complex where the Company has conducted 21,000 metres of a 25,000-metre drill program. The most recent drilling included 6,355 metres of diamond drilling in 30 holes and was focused on drilling parts of the Goliath Deposit, the Eastern Alteration Corridor (“\n \n EAC\n \n ”) prospect and at Goldlund Southwest (\n \n Figure 1\n \n ).\n \n\n Drilling at the Goliath Deposit was conducted to infill specific shallow zones of mineralization within the Mineral Resource\n \n 1\n \n that were considered by the Company to be under-drilled. Drilling at the Goliath Deposit included 1,749 metres in 14 drill holes (TL25697 to TL25710) targeting shallow portions of the planned open pit that included intersections of the C, D and E zones located in the footwall to the Main zone, and provide greater certainty on the location of this mineralization (\n \n Figure 1; Table 2\n \n ). Additionally, the Company conducted additional drilling totalling 993 metres in four drill holes (TL25711 to TL25714) at the EAC prospect which is located approximately 1.0 kilometres northeast along strike from the Goliath Deposit and sits outside, but near, the planned infrastructure for the Goliath Gold Complex. Drilling at both the Goliath Deposit and the EAC prospect intersected gold mineralization, as listed below and further detailed in\n \n Table 1\n \n .\n \n\n Selected drill intercepts for drilling at the Goliath Deposit and the EAC prospect are provided in\n \n Table 1\n \n and include:\n \n\n\n\n 1.05 g/t gold over 21.20 metres (from 22.80 to 44.00 metres), including 16.20 g/t gold over 0.70 metres, 5.01 g/t gold over 0.50 metres, and 4.67 g/t gold over 0.50 metres in drill hole TL25710;\n \n\n\n\n\n\n 13.67 g/t gold over 1.75 metres (from 107.25 to 109.00 metres), including 34.20 g/t gold over 0.68 metres in hole TL25698;\n \n\n\n\n 1.45 g/t gold over 7.67 metres (from 93.36 to 101.03 metres), including 2.7...

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