NexGold Mining Corp. (Ticker: NEXG.v, NXGCF for US investors) is a Canadian-focused gold exploration company, with its primary asset being the Goliath Gold Complex located in Northwestern Ontario.
The Goliath Gold Complex comprises the Goliath, Goldlund, and Miller deposits, benefiting from convenient access to critical infrastructure such as the Trans-Canada Highway, along with established power and rail connections.
Recently, NexGold reported impressive outcomes from its spring 2024 exploration program and has commenced an expanded exploration initiative at the Goliath Complex.
The spring program, launched in May, included a variety of exploration activities such as prospecting, geological mapping, channel sampling, and soil geochemistry across high-priority targets. Sampling results highlights include:
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7.13 g/t Au over 2.00m, including 15.70 g/t Au over 0.75m
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3.18 g/t Au over 2.68m, including 7.53 g/t Au over 0.78m
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5.10 g/t Au over 0.52m
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5.09 g/t Au over 0.47m
These encouraging results indicate the potential of a more expansive mineralized system, reinforcing the possibility of additional discoveries as NexGold continues its 25,000-meter drilling campaign.
With these results in mind, NexGold has expanded its exploration to the northeastern part of the project's Goldlund claim block, a region that has seen limited prior activity. This phase involves deploying an enhanced prospecting team and initiating new soil geochemistry grids.
This exploration expansion is a crucial step in NexGold's broader strategy to advance its projects, improve geological understanding, and identify new drilling targets to fuel growth at the Goliath Gold Complex.
Full news here: https://nexgold.com/nexgolds-spring-program-shows-significant-new-gold-mineralization-expands-exploration-programs-at-the-goliath-gold-complex/
Posted on behalf of NexGold Mining Corp.