Nexgold Mining drills 2.1 m of 18.16 g/t Au at Goldboro

Executive Summary

• Nexgold released final assay results for the last 14 infill diamond drill holes (2,072 m) at the Goldboro open‑pit gold project, confirming multiple high‑grade intersections.
• Intersections include 18.16 g/t Au over 2.1 m (including 62 g/t Au over 0.6 m) and 23.20 g/t Au over 0.8 m, indicating robust near‑surface mineralization within the planned pits.
• The company will incorporate the new data into an updated mineral resource estimate expected in H2 2025, which will feed a forthcoming feasibility study.

Key Details

• Program Scope: Final results from a 26,854‑m diamond drill program announced Jan 22 2025; 14 infill holes (BR‑25‑585 and 593‑603) totaling 2,072 m completed in the west and east pits.
• High‑Grade Intersections:
• 18.16 g/t Au over 2.1 m (147.0–149.1 m), including 62.00 g/t Au over 0.6 m – hole BR‑25‑597.
• 6.91 g/t Au over 2.5 m (69.0–71.5 m), including 22.10 g/t Au over 0.6 m – hole BR‑25‑595.
• 23.20 g/t Au over 0.8 m (126.0–126.8 m) – hole BR‑25‑598.
• 2.19 g/t Au over 7.0 m (110.7–117.7 m), including 26.60 g/t Au over 0.5 m – hole BR‑25‑585.
• 5.08 g/t Au over 3.0 m (79.3–82.3 m), including 28.40 g/t Au over 0.5 m – hole BR‑25‑595.
• Assay Coverage: Results now released for all 142 drill holes completed under the infill program.
• Geological Impact: New data confirm existing model predictions while identifying previously unknown mineralized zones; adjustments to the resource model will be made before the H2 2025 resource update.
• QA/QC Protocols: Dual‑lab analysis (Eastern Analytical Ltd. & ALS Canada Ltd.) with fire‑assay (30 g) and AA finish; samples >0.5 g/t Au re‑analyzed via total pulp metallics; regular blanks, standards, and check assays employed.
• Qualified Person: Paul McNeill, P.Geo., VP Exploration, reviewed and approved the technical disclosure per NI 43‑101.

Notable Quotes

“With the final results from this program now in hand, the company continues with its ongoing work on the Goldboro mineral resource and mine planning… We anticipate completing an updated mineral resource estimate within the next few months which will be used as the basis for an updated feasibility study.” – Kevin Bullock, President & CEO.