NexGold Mining Corp. (Ticker: NEXG.v or NXGCF for US investors) recently announced exploration results and provided an update on its ongoing activities at the Goliath Gold Complex in northwestern Ontario.
The company is expected to expand upon in a webinar tomorrow September 5 at 2 PM ET. The event will feature a presentation by President Morgan Lekstrom and a Q&A session moderated by Ron Stewart of Red Cloud Securities.
Registration: https://redcloudfs.com/events/https-redcloudfs-com-rcwebinar-nxe/
NEXG's Goliath Gold Complex
The Complex, which includes the Goliath, Goldlund, and Miller deposits, benefits from its proximity to key infrastructure such as the Trans-Canada Highway, power, and rail networks, as well as nearby communities like Dryden, Ontario.
Spring Field Program
NexGold’s spring 2024 field program included prospecting, mapping, channel sampling, and soil geochemistry sampling in key areas such as the Fold Nose, South Syncline, and Far East targets on the Goliath claim block, and the Interlakes, Wild Cats, Goldlund South, and Cabin Bay targets on the Goldlund claim block.
In the Fold Nose area, 175 channel samples were obtained, yielding an average of 0.44 g/t Au. Significant results included gold mineralization at surface, with multiple structural measurements indicating potential connections to deeper intercepts. The consistency of gold mineralization along a 35-meter lateral strike will be further explored through surface sampling and drilling.
Channel sample results from Fold Nose include:
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7.13 g/t Au over 2m, 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
Expanded Exploration Program
NexGold has commenced an expanded exploration program at the Goliath Gold Complex, focusing on soil geochemistry, prospecting, and mapping. The program specifically targets the underexplored northeast sector of the Goldlund claim block, which has seen minimal prior exploration.
Additional soil geochemistry grids have been established at key areas, including the Miller deposit strike extension, Cabin Bay, and Miles targets. These efforts complement the ongoing 25,000-meter drill program aimed at discovering new opportunities and expanding growth at the Complex.
Full Spring Restuls and Exploration Update: 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.