NexGold Commences Next Phase of Diamond Drilling at the Goliath Gold Complex

TORONTO, Jan. 30, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”) is pleased to announce it has commenced the next phase of diamond drilling at the Company’s Goliath Gold Complex in Ontario (“Goliath” or the “Project”). Phase 2, which comprises up to 13,000 metres, is a continuation of the multi-phased 25,000-metre diamond drill program announced on August 7, 2024 that, to date, has included drilling at Interlakes, C Zone and Far East. The goal of the 25,000 metres of drilling was to demonstrate the discovery and scale potential of the Project with further exploration. Phase 2 is designed to build on recent success intersecting mineralization outside of the current Goliath Mineral Resource which may expand open-pit mine life or add to potential underground development. Drilling will also include further drill testing of high-grade plunging shoots at the Goliath Deposit adjacent to the existing Mineral Resource Estimate and where recent drill results from the C Zone intersected high-grade gold at depth and down plunge of the existing Mineral Resource. Phase 2 drilling will also include drilling two kilometres southwest of the Goldlund Deposit where mineralization is believed to continue along strike. Additionally, in the months ahead, the Company will be conducting geophysical and geochemical surveys on various regional prospects with the goal of developing more drill-ready targets.

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