NEXG.v Commences Phase 1 of 25,000-Metre Drilling Program Earlier this week, gold junior NexGold Mining Corp. (TSXV: NEXG) (OTCQX: NXGCF) shared that it has started the first phase of its 25,000-metre diamond drilling program at its Goliath Gold Complex in northwestern Ontario.
This multi-stage exploration campaign is part of the Company's broader strategy to expand its gold resources and discover new mineralization within the 65-kilometre strike length of the project.
The initial phase of the program will focus on the Interlakes target, a structurally complex area situated between the Goliath and Goldlund deposits. This area has historically seen limited drilling, making it a prime candidate for new discoveries.
The Phase 1 drilling will cover 4,000 metres at the Interlakes target, where previous studies and reconnaissance have identified several promising targets, including high-grade gold intercepts and anomalous soil results.
NexGold's President, Morgan Lekstrom, emphasized the significance of this drilling campaign, noting that it marks a pivotal moment for the Company as it seeks to expand its already substantial resource base of 3 million ounces.
The drill program is expected to continue over the next 9-12 months, with ongoing drilling at key targets such as down-dip extensions at Goliath, strike extensions at Goldlund, and further exploration at the Interlakes target.
This revitalized exploration effort aims to unlock the full potential of the Goliath Gold Complex and establish NexGold as a leading player in the region's gold mining industry.
As the program progresses, additional targets and results will be announced, providing further insights into the district's scale and potential.
https://nexgold.com/nexgold-commences-phase-1-of-a-25000-metre-expansion-and-discovery-drilling-campaign-at-the-goliath-gold-complex/
Posted on behalf of NexGold Mining Corp