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NexGold’s Spring Program Shows Significant New Gold Mineralization, Expands Exploration Programs at the Goliath Gold Complex
TORONTO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG) (OTCQX: NXGCF) (“NexGold” or the “Company”) is pleased to provide an update on the
About this update from Nexgold Mining Corp.
[{"type":"text","content":" TORONTO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG) (OTCQX: NXGCF) (“NexGold” or the “Company”) is pleased to provide an update on the field work conducted this season and announce that the Company has commenced an expanded exploration program, including soil geochemistry and prospecting and mapping programs at its Goliath Gold Complex (the “Project”) located in northwestern Ontario. These added programs target the northeast end of the Goldlund claim block, which has seen limited exploration. Highlights: Confirmatory results at the Fold Nose, with significant gold found up-trend of previous drilling; Channel Sample Highlights: 7.13 g/t Au over 2.00 metres including 15.70 g/t Au over 0.75 metres; 3.18 g/t Au over 2.68 metres including 7.53 g/t Au over 0.78 metres; 5.10 g/t Au over 0.52 metres; and 5.09 g/t Au over 0.47 metres; Prospecting Expansion over Goldlund North; Soil sampling grids over three additional targets: Miller deposit strike extension Miles target Cabin Bay target Morgan Lekstrom, President of NexGold, commented: “Showing continued gold mineralization on surface are indicators of a much larger system of mineralization. This is a positive step as we set out on our 25,000-meter drill program to expand in current areas and make new discoveries in areas like these. We are expanding our exploration program to investigate the northeast end of the Goldlund claim package, which is a very underexplored area. Newly collected data from this program in addition to our geophysical signatures will help outline more and more drill targets. We are lucky to be target rich on our 65km strike.” Spring Field Program In May 2024, the company commenced a field exploration program which consists of prospecting, mapping, channel sampling, and soil geochemistry sampling. The primary goal of this program is to gather geological information, discover new gold anomalies, and improve and de-risk existing areas of interest to develop future drill targets. The team has focused on several key areas including the Fold Nose, South Syncline, and Far East targets on the Goliath claim block, and Interlakes, Wild Cats, Goldlund South, and Cabin Bay targets on the Goldlund claim block (Figure 1). Figure 1: Regional Exploration Targets Within the Fold Nose area, the exploration team completed channel sampling and detailed mappi...