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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

Comment by GoldNHillon Jan 10, 2025 1:43pm
74 Views
Post# 36398382

RE:RE:RE:RE:Kevin should be getting settled in now.

RE:RE:RE:RE:Kevin should be getting settled in now.wearethebest

FYI...In order to upgrade all inferred and indicated resources to measured resources in a deposit takes a lot of diamond drill holes. Holes spaced approximately 10m apart in the same quartz belt is sufficient to generate measured resources.
As an example, back in the 1980, I drilled 100 underground holes over 100m at Goldboro.  10 holes per station in a fan pattern from the center of the deposit. The resulting resources were the first measured resources reported at Goldboro.
Given that pits 1 and 2 are 1.5 kms long, you do the math to figure out how many holes are required to report measured resources... A LOT...not to mention there are probably 70+ quartz belts.
The more measured resouce you can report, the better as anyone financing any deposit will look way more favorably on measures resources as opposed to indicated or inferred.

The more measured resources the better the mining plan will be and estimates for numbers of ounces to be produced in the mill...ta gotta drill a LOT of holes to make a mine...look at any other producer...look at New Found Gold and how many hundreds of thousands of meters they drilled thus far and are NOT in production yet...CBX at Valentine in NFLD...lots n lots of holes to make a mine
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