NEXG's Upcoming Red Cloud Webinar on September 17 at 9am ET NexGold Mining Corp. (TSXV: NEXG, OTCQX: NXGCF) is a gold-focused exploration and development company with significant assets in Canada and Alaska. Recently, NexGold has garnered attention for its Goliath Gold Complex in northwestern Ontario, which is poised to become one of Canada’s next producing gold mines. With a resource base of 3 million ounces of gold, including 1.3 million ounces in reserves, NexGold is strategically positioned to capitalize on its promising projects and enhance shareholder value.
Recent Developments and Exploration Efforts
In its latest updates, NexGold highlighted its extensive exploration activities at the Goliath Gold Complex. The company recently completed a spring 2024 field program that involved mapping, prospecting, channel sampling, and soil geochemistry across various targets within the Goliath and Goldlund claim blocks. Notable findings from the Fold Nose area include surface gold mineralization, with channel samples yielding averages of up to 7.13 g/t Au over 2 meters. These results indicate consistent gold mineralization and a promising outlook for further exploration.
NexGold is also committed to expanding its exploration efforts across underexplored regions of the Goldlund claim block. The company is focused on soil geochemistry, prospecting, and mapping, supporting its ambitious 25,000-meter drill program designed to increase the resource base and identify new targets across its extensive 65-kilometer stretch of land.
Red Cloud Securities: Coverage and Insights
Red Cloud Securities has been pivotal in providing coverage of NexGold, recently issuing a Speculative BUY rating for the company. Full report: https://cdn-ceo-ca.s3.amazonaws.com/1jdm036-20240906-NEXG-Initiation-2.pdf
This endorsement underscores NexGold's growth potential, particularly in light of positive results from the recent spring exploration program. Ron Stewart, Managing Director of Equities Research at Red Cloud, is set to conduct a webinar with NexGold’s President, Morgan Lekstromon September 17, 2024 at 9am ET. This session, titled "NexGold, 3m Buildable Ounces and The Exciting Path Forward," will offer insights into NexGold's strategic vision and future growth prospects.
Strategic Vision and Growth Potential
According to Red Cloud’s latest report, NexGold has adopted a "drill, develop, and deal" strategy aimed at enhancing its project pipeline and positioning itself as a leading gold producer. The company anticipates the completion of a feasibility study for the Goliath Gold Project by Q1 2025, with construction planned to commence in early 2026. With a targeted production date of 2028, NexGold is well on its way to becoming a significant player in the gold mining sector.
Red Cloud has set a target price of C$1.80 per share for NexGold, highlighting the company’s robust asset base, exploration successes, and development potential. This projection comes as NexGold continues to build on its strong foundation, bolstered by federal environmental approval and a collaborative agreement with the Wabigoon Lake Ojibway First Nation.
For those interested in learning more about NexGold Mining Corp. and its future trajectory, the upcoming webinar on September 17 will provide an excellent opportunity for insights and engagement. Questions will be addressed during a live Q&A session, offering attendees a chance to delve deeper into NexGold's strategic initiatives and future developments.
Webinar Registration: https://redcloudfs.com/events/https-redcloudfs-com-rcwebinar-nxe/
Posted on behalf of NeXGold Mining Corp.