Mentioned:
One of Canada’s most promising gold projects is quickly advancing. And a publicly traded company is behind it.
What’s happening:
- NexGold Mining (TSXV: NEXG) has successfully raised $10M CAD in a new equity financing
Why it matters:
- NexGold Mining is advancing the Goliath Gold Complex located in northwestern Ontario, which is one of the most promising high grade gold projects in Canada
Going deeper:
- The Goliath Gold Complex contains three unique deposits and spans more than 7,600 hectares of land
- NexGold Mining is currently advancing a large scale 25,000 metre drilling program at the Goliath Gold Complex which has already intersected high grade gold mineralization in early drill results, which could significantly expand the total resource potential
- The Goliath Gold Complex has also notably received federal environmental assessment approval and is quickly advancing towards final permitting that would allow NexGold Mining to begin official mine construction
The intrigue:
- NexGold Mining has also landed multiple notable natural resource investors, including Sprott Inc, First Gold Mining (TSX: FF) and legendary Canadian mining financier Frank Giustra
