High-Grade Gold Intercepts Lift Junior Miner on Final Drill Results

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Wednesday, August 20, 2025

Gold continues its remarkable run as institutional investors pile into precious metals amid ongoing economic uncertainty and currency debasement concerns. Against this backdrop of strong gold fundamentals, one junior mining company delivered exceptional drill results that sent shares climbing higher in Wednesday morning action, bucking the broader market trend.

Shareholders of NexGold Mining Corp. (TSX-V: NEXG) (OTCQX: NXGCF) are up today after the company released final assay results from its recently completed 26,854-metre diamond drill program at the Goldboro Open Pit Gold Project in Nova Scotia. The results showed consistently high-grade gold intersections near surface within the planned open pits, validating the project's development potential.

The final batch of 14 infill drill holes totaling 2,072 metres delivered impressive results that exceeded market expectations. Standout intersections included 18.16 g/t gold over 2.1 metres with a spectacular 62.00 g/t gold over 0.6 metres in drill hole BR-25-597, and 6.91 g/t gold over 2.5 metres including 22.10 g/t gold over 0.6 metres in drill hole BR-25-595. Additional notable intercepts included 23.20 g/t gold over 0.8 metres and multiple intervals exceeding 20 g/t gold.

The drill program was specifically designed to infill areas of the open pit mineral resource to improve geological and grade continuity while potentially upgrading Inferred and Indicated mineral resources. The results demonstrated mineralization consistent with previous drilling in both the proposed west and east pits, with the existing geological model accurately predicting gold mineralization locations.

"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," stated Kevin Bullock, President and CEO. "We are pleased with the results, which have consistently demonstrated the presence of high-grade zones, near surface, within the planned open pits and has also indicated the potential for new zones of gold mineralization within the proposed open pits."

The company has now released assay results for all 142 drill holes completed under the infill program. Significantly, additional gold mineralization was intersected in areas where it was previously unknown or unpredicted, occurring in under-drilled areas or near historic drilling locations that used more selective sampling approaches than current methods.

NexGold anticipates completing an updated Mineral Resource Estimate within the next few months, which will serve as the foundation for an updated Feasibility Study commencing shortly thereafter. The drilling results will enable adjustments to mineralized solids within the current mineral resource model to account for local variations and incorporate additional assay data.

Toronto-listed shares of NEXG are up 5.2% at C$0.81, while U.S. shares of NXGCF are ahead 4.4% at $0.586 in Tuesday morning trading.

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