In an interview with The Deep Dive at the recent Beaver Creek Precious Metals Summit, NexGold Mining Corp. (Ticker: NEXG.v, NXGCF for US investors) President Morgan Lekstrom provided an in-depth overview of the company's progress and ambitions.
The discussion centered on NexGold's flagship Goliath Gold Complex in Northwestern Ontario, where the company holds a 3 million-ounce gold resource.
Lekstrom highlighted the project's federally permitted status and its robust infrastructure, including proximity to power lines and the Trans-Canada Highway.
The company has assembled a development team led by experienced mining executives like James Gowans, who has held executive/advisory positions at Barrick and at De Beers.
Lekstrom underscored NexGold's strategy to transform into a mid-tier gold producer, aiming for annual production between 200,000 to 500,000 ounces within the next 4-5 years.
A key aspect of this growth plan involves a recent merger that expanded the company's asset base, securing a gold project with significant backing from prominent investors like Frank Giustra and Sprott Asset Management.
NexGold's exploration program includes a 25,000-meter drill campaign at the Goliath Gold Complex, targeting both resource expansion and new discoveries across its underexplored 65-kilometer land package.
Looking ahead, NexGold is preparing for significant catalysts, including the release of a feasibility study in early 2024 and a potential construction decision later in the year.
Lekstrom also emphasized the company's focus on maintaining a lean capital structure, with institutional investors holding a substantial stake, positioning NexGold for continued growth in the junior mining sector.
Full video here:
Posted on behalf of NexGold Mining Corp.