[Video Enhanced] NeXGold Mining Drills the Goliath Gold Complex as Mine Re-start Plan Ramps Up

About this update from Nexgold Mining Corp.

[{"type":"text","content":"[Video Enhanced] NeXGold Mining Drills the Goliath Gold Complex as Mine Re-start Plan Ramps Up\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC, August 28, 2024 – TheNews\n \n\n\n\n w\n \n\n\n\n ire – Global Stocks News – Sponsored\ncontent disseminated on behalf of NexGold Mining. On August 7,\n2024\n \n\n NexGold Mining (TSXV: NEXG) (OTCQX: NXGCF)\nannounced the\n \n beginning of a multi-stage exploration program\n \n which includes a 25,000-metre diamond drilling program at the Goliath\nGold Complex (GGC), located in Northwestern Ontario.\n \n\n NexGold Mining is developing gold projects in Canada.  The Goliath\nGold Complex has\n \n 2.1 million ounces\nof gold in the Measured and Indicated (M&I) category\n \n , and\nan additional\n \n 800,000 ounces of\nInferred gold\n \n .  The project has a Federal Environmental\nAssessment in hand and a\n \n $625 million\nNPV5% and 41.1% IRR at US $2,150/ounce gold price\n \n .  A\nFeasibility Study is expected in Q1, 2025.\n \n\n Phase 1 of this campaign is focused on the area between the Goliath\nand Goldlund deposits, which are separated by 25 kilometres and have\nseen very little historical drilling in between.  NEXG anticipates\n9-12 months of consistent drilling activity.\n \n\n The program will target structural trends similar to known deposits\nthat have evidence of gold mineralization, including down-dip at\nGoliath and strike extension of Goldlund.\n \n\n The first 4,000 metres of drilling will test the Interlakes Target, a\nstructurally complex area with historical gold anomalies.\n \n\n\n\n\n\n\n Click Image To View Full Size\n \n\n\n “We are refocusing the company on a dual path that emphasizes high\npotential exploration and working through the provincial permitting\nalong with local steps for a build,” stated Morgan Lekstrom,\nPresident of NexGold.\n \n\n “This drill season will mark a new step for NexGold and our Goliath\nGold Complex,” continued Lekstrom. “We intend to show the\npotential scale and size of this district while advancing key\ndiscovery areas within our 65-kilometre strike length.”\n \n\n Near the center of the Interlakes area, a historic drill hole\nencountered a high-grade gold intercept of 1.33 oz/t over 2 fe...

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