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NeXGold Mining Corp V.NEXG

Alternate Symbol(s):  NXGCF

NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. The Company’s Goliath Gold Complex, which includes the Goliath, Goldlund and Miller deposits is located in Northwestern Ontario. It also owns several other projects throughout Canada, including the Weebigee-Sandy Lake Gold Project joint venture, and grassroots gold exploration property Gold Rock. In addition, the Company holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska. The Goliath Gold Complex is located 20 kilometers (km) east of Dryden, Northwestern Ontario. The Goldlund Gold Project is located 35 km southwest of Sioux Lookout (25 km north east of Goliath Gold Project). The Goldboro Gold Project in Nova Scotia has consolidated 28,525 hectares (285 square kilometers) of prospective exploration land in the Goldboro Gold District. The Gold Rock Property is located 38 km south of Dryden, Ontario.


TSXV:NEXG - Post by User

Post by 1StockInformeron Aug 23, 2024 7:06pm
134 Views
Post# 36194213

New NEXG Interview Today: In-Depth Summary Post

New NEXG Interview Today: In-Depth Summary Post

Red Cloud TV just released an interview with NexGold's (Ticker: NEXG.v or NXGCF for US investors) President, Morgan Lekstrom, where he discussed the company's rebranding and its forward-looking strategy for the Goliath Gold Complex in Northwestern Ontario.

r/Wealthsimple_Penny - New Interview Today: President Morgan Lekstrom Discusses NexGold's (NEXG.v) Strategic Rebranding & Expansion at the Goliath Gold Complex (Summary Post)

The interview highlighted NexGold's significant progress, including a recent merger that has positioned it as one of Canada's top buildable assets, boasting 3 million ounces of gold across two resource pits.

Lekstrom emphasized the company's dual approach of advancing exploration while accelerating development, with a 25,000-meter drilling program aimed at expanding the 3M ounce resource beyond the current estimate. He noted that this district holds significantly more potential than the current 3 million ounces, with discovery opportunities in an already proven gold-rich area.

The ongoing exploration efforts have already shown promising results, with new gold mineralization identified at the surface. Channel sample results shared by the company yesterday include:

  • 7.13 g/t Au over 2.00m, including 15.70 g/t Au over 0.75m

  • 3.18 g/t Au over 2.68m, including 7.53 g/t Au over 0.78m

  • 5.10 g/t Au over 0.52m

  • 5.09 g/t Au over 0.47m

The interview further elaborated on the strategic input from key figures like Frank Giustra, who owns over 10% of NexGold, and other experienced advisors. These contributions are expected to bolster NexGold's ability to execute its "buy and build" strategy effectively, positioning the company as a potential mid-tier gold producer with significant growth potential.

With its strong foundation, experienced leadership, and the potential for significant resource expansion, NexGold is well-positioned to capitalize on the current gold market, making it a compelling opportunity for investors seeking exposure to a rapidly advancing gold project in a proven district.

Full interview here: 

Posted on behalf of NexGold Mining Corp.

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