NexGold Intersects 9.30 g/t Gold Over 11.0 Metres and 2.31 g/t Gold Over 21.5 Metres at the Goldlund Deposit, Ontario
NexGold tightens geological grip on Goliath as Goldboro moves toward final investment decision
The most recent news (Feb 25, 2026) reports significant drill results from the 25,000-meter infill program at the Goldlund Deposit (part of the Goliath Gold Complex). Key intercepts include 9.30 g/t gold over 11.0 meters and 2.31 g/t gold over 21.5 meters. These results are designed to convert inferred resources into measured and indicated categories within the planned open pit. This follows a series of operational updates throughout early 2026, including the company being named to the TSX Venture 50 list after a 155% share price increase in 2025.
The news is Routine - Positive. While the drill grades are high (specifically the 9.30 g/t over 11m), they are "infill" results, meaning they are confirming mineralization where it was already largely expected to exist. - Consistency: The results align with the 2025 drilling campaign which consistently showed high-grade "pockets" within broader mineralized envelopes. - De-risking: The primary value here is the increase in "certainty" for the upcoming feasibility and mine planning at Goliath. - Context: The market is currently valuing NexGold more on the progress of the Goldboro Project (fully permitted) than on individual drill holes at Goliath. However, these results ensure that Goliath remains a robust "Project #2" in the company's "Master Plan."
NexGold is a Canadian developer with two advanced assets. - Flagship: The Goldboro Gold Project in Nova Scotia. It is a high-grade open-pit project with all major federal and provincial permits in hand. - Secondary Asset: The Goliath Gold Complex in Ontario, currently undergoing optimization and infill drilling to support a multi-asset production profile.