NexGold Mining drills 14.10 g/t gold over 6.0 metres at Goldlund Deposit, Ontario
NexGold Mining Corp. [TSXV: NEXG; OTCQX: NXGCF] provided additional results from the ongoing diamond drilling program at the company’s Goliath Gold Complex, which includes the Goliath, Goldlund and Miller deposits, Ontario.
The drill program, of which approximately 18,000 metres have been completed of the planned 25,000 metres, is focused on the Goldlund Deposit, with holes designed to infill and potentially expand open pit Mineral Resources. The results presented in this news release include 3,663 metres of diamond drilling in nine drill holes (GL-25-012, GL-25-017 to GL-25-019, and GL-26-001 to GL-26-005). These drill holes infill and expand mineralization in Zone 4 of the Goldlund Deposit from near the centre to the southwestern end of the open pit Mineral Resource.
Selected drill intersections from diamond drill holes at the Goldlund Deposit in this news release include 14.10 g/t gold over 6.0 metres (from 53.0 to 59.0 metres), including 51.70 g/t gold over 1.5 metres and 4.59 g/t gold over 1.5 metres, in drill hole GL-26-003A; additionally, 2.99 g/t gold over 20.0 metres (from 157.0 to 177.0 metres), including 27.30 g/t gold over 1.0 metres and 24.90 g/t gold over 1.0 metres; and 10.67 g/t gold over 7.0 metres (from 189.0 to 196.0 metres), including 143.00 g/t gold over 0.5 metres in the same hole; 4.25 g/t gold over 6.0 metres (from 302.0 to 308.0 metres), including 10.90 g/t gold over 1.0 metres in drill hole GL-26-002; additionally, 0.66 g/t gold over 43.0 metres (from 253.0 to 296.0 metres) including 14.80 g/t gold over 1.0 metres; additionally, 19.8 g/t gold was intersected over 0.6 metres (from 229.4 to 230.0 metres) in the same hole; 3.23 g/t gold over 6.0 metres (from 220.0 to 226.0 metres), including 17.30 g/t gold over 0.9 metres and 3.10 g/t gold over 1.0 metres in drill hole GL-25-017; 1.13 g/t gold over 20.0 metres (from 255.0 to 275.0 metres), including 13.40 g/t gold over 1.0 metres in drill hole GL-25-019; and 0.52 g/t gold over 55.9 metres (from 234.1 to 290.0 metres), including 8.43 g/t gold over 0.6 metres and 4.42 g/t gold over 1.0 metres in drill hole GL-25-018.
These drill results are in the same general area of Zone 4 mineralization where previously reported drill intersections were announced and included 1.18 g/t gold over 33.5 metres (from 183.5 to 217.0 metres), including 18.00 g/t gold over 1.0 metres and 7.99 g/t gold over 1.0 metres in drill hole GL-25-009; additionally, 62.30 g/t gold was intersected over 1.0 metres (from 226.0 to 227.0 metres) in the same drill hole; and 1.03 g/t gold over 16.5 metres (from 350.5 to 367.0 metres), including 5.25 g/t gold over 0.8 metres and 4.34 g/t gold over 2.0 metres in drill hole GL-25-014; additionally, 28.9 g/t gold was intersected over 1.5 metres (from 129.5 to 131.0 metres) in the same drill hole.
Kevin Bullock, President and CEO of NexGold, commented: “Our infill drill program at the Goliath Gold Complex continues to demonstrate good continuity of mineralization at depth within the Goldlund Deposit. The drill results reported today are from the centre to southwestern portion of the Goldlund open pit and focused on the 100 to 300-metre levels of open pit Mineral Resources, and like previously reported results, continue to demonstrate a strong tenor of gold mineralization in this area.
Our objective with this drill program continues to be to optimize the Goliath Gold Complex and further strengthen our confidence in the mineralization within the deeper levels of the Inferred Mineral Resources. We expect this program to provide us with valuable information that will enable us to upgrade the Mineral Resource categorization at Goldlund. I look forward to sharing more drilling updates as exploration continues.”
Mineralization at the Goldlund Deposit is generally characterized by quartz stockwork veining within sub-vertical granodiorite sills. Zone 4 at the Goldlund Deposit includes broad intervals of mineralized intermediate-mafic volcanic rocks with multiple porphyry and granodiorite intrusions. These results are expected to contribute to ongoing refinement of the geological model and may support future evaluation of Mineral Resource classification, subject to additional drilling, data verification, and completion of further technical studies.
Drill holes designed throughout this program have been distributed across the strike of Zone 4 with holes highlighted in this release located in the central to southwest end of the zone. These new holes are near previously reported drill holes GL-25-009 and GL-25-014, which intersected 2.31 g/t gold over 21.5 metres and 2.34 g/t gold over 10.2 metres, respectively.
It has been observed that Zone 4 widens toward the southwest and has a tendency for mineralized features to be spread over a wider intersection. Gold intersected in these holes further demonstrates the continuity of mineralization and the potential for Mineral Resource expansion in Zone 4 as additional targets are drilled along strike and down dip.
Reported intervals are drilled core lengths and do not indicate true widths. True widths vary from 50 to 75% of the interval length.
NexGold is a gold-focused company with assets in Canada and Alaska, including the Goldboro Gold Project in Nova Scotia, the Goliath Gold Complex (which includes the Goliath, Goldlund and Miller deposits) in northwestern Ontario, and additional exploration projects across Canada.
NexGold also holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project in southeast Alaska. NexGold is committed to ongoing, meaningful engagement with regional communities and Indigenous Nations to support sustainable development, safe operations, and shared economic and social benefits.