Mentioned:
NexGold Mining is advancing a highly promising gold project in Nova Scotia. And they’re already finding new zones of gold mineralization.
What’s happening:
- NexGold Mining (TSXV: NEXG) has intersected new zones of gold mineralization at their Goldboro Gold Project located in Nova Scotia, Canada
By the numbers:
- NexGold Mining is currently advancing a 25,000 metre drill program at the Goldboro Gold Project and has already completed roughly 17,000 metres of drilling
- The large scale drill program at Goldsboro Gold Project has also just recently shown gold mineralization in new zones, including Hole BR-24-473 showing 1.86 g/t of gold over 10.9 metres, Hole BR-24-470 showing 35.40 g/t of gold over 0.7 metres and Hole BR-24-466 showing 1.3 g/t of gold over 8.9 metres
Why it matters:
- The Goldboro Gold Project already contains a large scale gold resource with more than a million ounces of recoverable gold and the newly discovered zones of gold mineralization have the potential to significantly expand the size of the total deposit
Going deeper:
- NexGold Mining also just recently raised $10M CAD in a new equity financing round to advance drilling at their Goliath Gold Complex located in northwestern Ontario, which is one of Canada’s most promising high grade gold project spanning over 7,600 hectares of land
