Northwire Canada EditionThursday, July 30, 2026
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TECK 86.16 +6.5% BIG 0.690 +16.9% PTU 0.320 −3.0% GZD 0.080 −11.1% AFM 1.46 +2.1% VCT 0.065 +8.3% BEM 0.065 +0.0% NMI 0.195 +0.0% VLD 0.540 +0.0% BOL 0.080 +6.7% EDCU 0.430 −2.3% SYH 0.375 +1.4% TECT 2.07 +1.0% NAU 1.49 −0.7% VTEN 0.750 +0.0% DLTA 0.155 +3.3% TECK 86.16 +6.5% BIG 0.690 +16.9% PTU 0.320 −3.0% GZD 0.080 −11.1% AFM 1.46 +2.1% VCT 0.065 +8.3% BEM 0.065 +0.0% NMI 0.195 +0.0% VLD 0.540 +0.0% BOL 0.080 +6.7% EDCU 0.430 −2.3% SYH 0.375 +1.4% TECT 2.07 +1.0% NAU 1.49 −0.7% VTEN 0.750 +0.0% DLTA 0.155 +3.3%
Drill Results

Kevin Bullock, CEO of NexGold Lays Out his Master Plan for Two Near-Term Gold Projects in Canada

By The Northwire Desk — AI Analysis Aug 05, 2025 · 13:06 NEXG · 0.74 NeXGold Mining Corp.
NEXG · Price

Executive Summary

  • NexGold Mining released additional drill results from a 26,854‑metre diamond drilling program at the Goldboro Open Pit Gold Project in Nova Scotia.
  • A notable intercept of 40 g/t Au over 17.7 m was highlighted, underscoring high‑grade near‑surface mineralization that could boost overall pit grades and reduce processing costs via gravity recovery.
  • The company also announced receipt of key provincial permits (Cabinet approval for Crown Land Lease on May 22 2025 and Industrial Approval notice on June 17 2025), positioning the project for construction commencement later in 2025.

Key Details

  • Drill Program: Completed 26,854 m of diamond drilling across the Goldboro Open Pit Gold Project.
  • High‑Grade Intercept: 40 g/t Au over 17.7 m (highlighted as atypical for an open‑pit scenario).
  • Assay Outlook: Final assays from the full program expected in the coming weeks; results will feed an updated Mineral Resource estimate and inform a revised Feasibility Study.
  • Project Timeline: Management expects both Goldboro and the Goliath Gold Complex (Ontario) to be fully permitted and ready for construction by year‑end 2025, with a decision pending on which project proceeds first.
  • Regulatory Milestones – Nova Scotia:
  • May 22 2025 – Cabinet approval of Crown Land Lease for Goldboro; addition of the project to the province’s strategic minerals list.
  • June 17 2025 – Notice of Completion on Industrial Approval (final permit after Environmental Assessment).
  • Economic Impact (Provincial Statement): Project projected to create >700 jobs and contribute $2.1 billion to Nova Scotia’s economy over its life.
  • Strategic Positioning: NexGold’s management has invested >$1 million of personal capital in the past 12 months, aligning interests with shareholders.
  • Future Production Outlook: Goal to scale from ~100,000 oz/yr to 200,000‑250,000 oz/yr using the first mine as leverage for subsequent development.

Notable Quotes

“Goldboro continues to demonstrate the presence of high‑grade zones, near surface, within the planned open pits,” – Kevin Bullock, President & CEO, NexGold Mining.

“When there’s free visible gold, we can extract it with gravity separation… reducing expenses.” – Kevin Bullock.

Read the original news release →

More from NeXGold Mining Corp.

Jul 21, 2026 · 07:00

NeXGold advances its Goldboro project toward a construction decision, targeting a heavily nuggety, high-grade gold system.

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Drill Results Jun 29, 2026 · 07:00

NexGold Announces Closing of C$10 Million Private Placement of Flow-Through Shares

Financings Jun 25, 2026 · 07:00

NeXGold’s Goldboro infill drilling confirms high-grade zones, awaiting final investment decision to unlock value.

Drill Results Jun 16, 2026 · 07:00

NeXGold’s Goliath MOU marks a community milestone as goldoro construction advances toward a Q3 final investment decision.

M&A / Property Jun 01, 2026 · 07:00

NexGold Advances Goldboro Feasibility on Schedule, but Routine Execution Update Lacks Near-Term Catalyst to Reverse Technical Downtrend

Technical Study