High-Grade Gold Discovery Signals Bright Future in OntarioHigh-Grade Gold Discovery Signals Bright Future in Ontario - Streetwise Reports Feature on NexGold Mining (NEXG.v, NXGCF) As detailed by Streetwise Reports, NexGold Mining (NEXG.v, NXGCF) recently reported high-grade drill results from its Goliath Gold Complex in northwestern Ontario, including a standout intersection of 117.95 g/t gold over 2.7 meters, with 635 g/t gold over 0.5 meters:
https://www.streetwisereports.com/article/2024/12/10/high-grade-gold-discovery-signals-bright-future-in-ontario.html These findings, part of a 25,000-meter drill program, confirm resource expansion potential and the extension of mineralized zones at depth.
Key highlights include:
- A broader intersection of 6.3 meters grading 50.81 g/t gold in the C Zone East, reinforcing the project's high-grade underground potential.
- Promising orogenic-style gold mineralization identified at the Interlakes project, extending the mineralized trend beyond Goldlund and Goliath.
The Goliath Gold Complex, with a pre-tax NPV of $652M and an IRR of 41.1% at a $2,150 gold price, is advancing toward production with federal environmental approvals and final permitting underway. Backed by cornerstone investors like Frank Giustra and robust finances, NexGold is strategically positioned for growth through aggressive exploration and development initiatives. Analysts remain bullish, citing the ongoing drilling program as a key catalyst for resource expansion and valuation growth.
Posted on Behalf of NexGold Mining Corp.