Video Summary + DD: NEXG CEO Highlights 6M-Ounce Resource Morgan Lekstrom, CEO of NexGold Mining Corp. (NEXG.v or NXGCF for U.S. investors), recently appeared on David Lin’s YouTube Channel to outline the company’s growth strategy following its acquisition of Signal Gold Inc.
NexGold is advancing two advanced-stage gold projects—the Goliath Gold Complex in Ontario and the Goldboro Gold Project in Nova Scotia—positioning itself as a leading Canadian gold developer targeting over 200,000 ounces of annual production.
The acquisition combines 4.7 million ounces (Moz) in measured and indicated (M&I) gold resources across both projects, with an estimated total resource base exceeding six million ounces.
Both assets are supported by established infrastructure, environmental approvals, and promising exploration potential within a 60,000-hectare land package. NexGold is nearing the final permitting stages and anticipates a construction decision by Q3 2025, aiming for near-term gold production.
Recent drilling at the Goliath Gold Complex delivered high-grade results, including 6.3m grading 50.8 g/t gold, with visible gold observed and mineralization strengthening at depth.
At Goldboro, environmental assessment approvals were received in 2022, with key permits, including the Industrial Approval and Fisheries Act Authorization, now submitted. Mineral and Crown Land Leases were finalized in 2024, advancing the project closer to construction readiness.
Gold’s role as a store of value was also a central theme of the interview, with Lekstrom highlighting its recent price movement as a reflection of global uncertainty. Historically, gold and the U.S. dollar have moved in opposite directions, but current trends show both rising in tandem.
Lekstrom attributed this shift to geopolitical instability and fears about global economic shifts, particularly those driven by BRICS nations and shifting trade policies.
Looking ahead, Lekstrom emphasized NexGold’s focus on securing funding through royalty sales to minimize shareholder dilution while advancing permitting and First Nations agreements.
Feasibility studies and further drilling updates are expected in the near term, aligning with the company’s goal of establishing itself as a mid-tier producer.
The full interview here:
Posted on behalf of NexGold Mining Corp.