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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 MarketMakersson Dec 10, 2024 7:29pm
121 Views
Post# 36355709

High-Grade Gold Discovery Signals Bright Future in Ontario

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.

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