NexGold Initiates 30,000-Metre Infill Drill Program at the Goldboro Gold Project in Nova Scotia
NexGold shifts focus to production-readiness at Goldboro with 30,000-metre infill program following successful 2025 permitting and de-leveraging.
The most recent news (March 25, 2026) announces the commencement of a 30,000-metre Reverse Circulation (RC) infill drill program at the Goldboro Gold Project in Nova Scotia. This program is specifically designed to target the first few years of planned production. The primary technical goal is to upgrade Mineral Resources from the "Indicated" to "Measured" category, providing the high-density data required for final mine planning and production scheduling. The program is expected to run through Q3 2026.
The impact is Routine - Positive. While the scale of the program (30,000m) is significant, it is a logical and expected step following the receipt of all major federal and provincial permits in late 2025. - De-risking: By using RC drilling (which approximates production drilling), the company is reducing the risk of grade discrepancies in the early years of the mine life. - Timeline Alignment: This news confirms the company is sticking to its "Master Plan" of moving toward a Final Investment Decision (FID) later in 2026. - Expectation Management: The market was already aware that 2026 would be a "pivotal year" for Goldboro; this news demonstrates execution on that promise but does not fundamentally change the project's known economics or scale.
NexGold is a Canadian developer with two advanced projects: 1. Goldboro (Nova Scotia): Flagship. Fully permitted for construction. High-grade open pit with significant underground potential. 2. Goliath Gold Complex (Ontario): Secondary. Currently undergoing project optimization and infill drilling. The company’s strategy is to build Goldboro first and use the cash flow to fund Goliath, aiming for a mid-tier producer status (200k+ oz/year).