NexGold Intersects 1.79 g/t Gold Over 25.6 Metres at the Goldlund Deposit, Ontario

NexGold Mining Corp. released drill results from its infill diamond drilling program at the Goldlund Deposit within the Goliath Gold Complex in Ontario on April 10, 2026. The company reported intercepts including 1.79 g/t Au over 25.6 metres and high-grade sub-intervals up to 13.70 g/t Au over 1 metre. These results are part of a larger 25,000-metre program initiated in January 2026 aimed at upgrading resource classification and optimizing the open-pit mineral resources. The news confirms continuity of mineralization over a ~100m dip extent in Zone 4.

The April 10 release is categorized as Routine - Positive. While the grades are encouraging, they do not represent a material change to the company's overall resource estimate or financial outlook at this time. The market has already priced in significant positive catalysts from late 2025 and early 2026, including the $112.5 million equity financing (October 2025), the sale of the Appian royalty (September 2025), and the receipt of final federal permits for the Goldboro project (November 2025). The stock price has actually declined from its peak of $2.31 in late February to $1.59 by early April, suggesting that incremental drilling results at Goliath are not currently driving valuation compared to the primary catalyst: the Final Investment Decision (FID) for Goldboro expected later in 2026.

NexGold Mining Corp. operates two primary assets: the Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Ontario. The flagship project is Goldboro, an advanced-stage open-pit gold mine that has secured all major federal and provincial permits, including the Fisheries Act authorization (November 2025). The company aims to reach a Final Investment Decision for Goldboro later in 2026. The Goliath Complex includes the Goldlund Deposit, currently undergoing infill drilling to optimize resources for potential future development or mill feed supply.