NexGold Mining Corp. (
TSXV: NEXG)
(
OTCQX: NXGCF) (“
NexGold” or the
“
Company”) is pleased to announce that the Company
has commenced a multi-stage exploration program, including a
25,000-metre diamond drilling program at its Goliath Gold Complex
(the “
Project”) located in northwestern Ontario.
Phase 1 of this campaign is focused on the area between the Goliath
and Goldlund deposits, which are separated by 25 kilometres and
have seen very little historical drilling in between.
Highlights:
- 25,000-Metre Expansion and Discovery
Drilling Program
- Phase 1 to include 4,000 metres at
Interlakes target between Goliath and Goldlund (Figure 1)
- Expected 9-12 months of consistent
drilling activity
- Three highly-anticipated targets:
- Down dip at Goliath
- Strike Extension of Goldlund
- The Interlakes target between Goliath
and Goldlund
Morgan Lekstrom, President of NexGold,
commented: “We are refocusing the Company on a dual path that
emphasizes high potential exploration and working through the
provincial permitting along with local steps for a build. Starting
with the very exciting Interlakes target and then expanding on
higher-grade areas at Goliath and Goldlund, this drill season will
mark a new step for NexGold and our Goliath Gold Complex. A new
revitalization of exploration is being undertaken to show the
potential scale and size of this district while advancing key
discovery areas within our 65 kilometre strike length. Having 3
million ounces already in the Company and the signs of adding
multiple other areas on the strike, this is a perfect time to focus
the Company on creating a larger district.”
Phase 1 Drilling Program
The first phase of the 25,000 metre drill
program has been initiated and will focus on opportunities for
growth, expansion and discoveries within the Project’s 65 kilometre
strike. This will be accomplished by targeting structural trends
across the belt that are similar to known deposits and have
evidence of gold mineralization.
Figure 1: Regional
Exploration Targets
Interlakes Drill Program, between
Goliath and Goldlund Deposits
The program will start by drilling 4,000 metres
to test the Interlakes target, a structurally complex area between
two granitoid plutons in a region with historical gold anomalies
(Figure 2). The planned drillholes will investigate several
favourable targets identified in recent desktop studies and
reconnaissance traverses. On the northern edge of the Interlakes
target area, historic drill holes intercepted a hydrothermally
altered, albitized, locally sulfide-mineralized shear zone
(52F16SW2005), which correlates well with the prospectivity models
developed by Mira Geoscience. Near the center of the Interlakes
area, a historic drill hole encountered a high-grade gold intercept
of 1.33 oz/t over 2 feet in pyritized quartz carbonated altered
granodiorite rocks (52F16SW0033). In the south end of the
Interlakes area, anomalous soil results adjacent to sericitic
alteration within a mineralized shear zone were identified in
previous field and drill programs (52F16SW2005). Following these
initial targets, down-dip high grade trends at each of Goliath,
Goldlund, and Miller will be drilled to expand known
mineralization. Subsequent targets will be announced alongside the
released results.
Figure 2: Proposed drill
hole locations at the Interlakes area
Investor Relations
The Company has entered into an agreement with
Triomphe Holdings Ltd. (dba Capital Analytica) (“Capital
Analytica”) for investor relations and communication services (the
“Consulting Agreement”). The Consulting Agreement has an initial
term of six months, commencing August 6, 2024 under which the
Company will pay to Capital Analytica an aggregate of $120,000 at a
rate of $20,000 per month, and has an option to renew the
Consulting Agreement for an additional six months at a rate of
$10,000 per month, unless terminated earlier in accordance with the
Consulting Agreement.
Pursuant to the terms of the Consulting
Agreement, Capital Analytica will provide ongoing capital markets
consultation, ongoing social media consultation regarding
engagement and enhancement, social sentiment reporting, social
engagement reporting, discussion forum monitoring and reporting,
corporate video dissemination and other related investor relations
services.
Capital Analytica is a Nanaimo-based company
owned and operated by Jeff French, who is arm’s length to the
Company and holds no securities, directly or indirectly, of the
Company.
Qualified
PersonAdam Larsen, B.Sc., P. Geo., Director of
Exploration, is considered a “Qualified Person” for the purposes of
National Instrument 43-101 Standards of Disclosure for Mineral
Projects (“NI 43-101”) and has reviewed and approved the scientific
and technical disclosure contained in this news release on behalf
of NexGold.
About NexGold Mining Corp.
NexGold Mining Corp. is a gold-focused company with assets in
Canada. NexGold’s Goliath Gold Complex (which includes the Goliath,
Goldlund and Miller deposits) is located in Northwestern Ontario.
The deposits benefit substantially from excellent access to the
Trans-Canada Highway, related power and rail infrastructure and
close proximity to several communities including Dryden, Ontario.
For information on the Goliath Gold Complex, please refer to the
technical report, prepared in accordance with NI 43–101, entitled
“Goliath Gold Complex – NI 43–101 Technical Report and
Prefeasibility Study” and dated March 27, 2023 with an effective
date of February 22, 2023, led by independent consultants Ausenco
Engineering Canada Inc. The technical report is available on SEDAR+
at www.sedarplus.ca, on the OTCQX at www.otcmarkets.com and on the
Company website at www.nexgold.com.
The Company also owns several other projects
throughout Canada, including the Weebigee-Sandy Lake Gold Project
JV, and grassroots gold exploration property Gold Rock. NexGold is
committed to inclusive, informed and meaningful dialogue with
regional communities and Indigenous Nations throughout the life of
all our Projects and on all aspects, including creating sustainable
economic opportunities, providing safe workplaces, enhancing of
social value, and promoting community well-being. For further
details about NexGold, please visit the Company’s website at
www.nexgold.com.
Contact:
Morgan LekstromPresident & Director |
Orin BaranowskyCFO |
|
|
NexGold Mining Corp.C: +1 250-574-7350; Toll-free:
+1-855-664-4654Email: ir@nexgold.com |
|
|
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release. No stock exchange, securities
commission or other regulatory authority has approved or
disapproved the information contained herein.
Cautionary Note Regarding
Forward-Looking Information This news release contains or
incorporates by reference “forward-looking information” within the
meaning of applicable Canadian securities legislation and
“forward-looking statements” within the meaning of applicable U.S.
securities laws. Except for statements of historical fact relating
to the Company, certain information contained herein constitutes
forward-looking information including, but not limited to
information as to the Company’s strategic objectives and plans,
timing of exploration activities and expected initiatives to be
undertaken by management of the Company in identifying exploration
opportunities. Generally, forward-looking information is
characterized by the use of forward-looking terminology such as
“plans”, “expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “is projected”,
“anticipates” or “does not anticipate”, “believes”, “targets”, or
variations of such words and phrases. Forward-looking information
may also be identified in statements where certain actions, events
or results “may”, “could”, “should”, “would”, “might”, “will be
taken”, “occur” or “be achieved”.
Forward-looking information involve known or
unknown risks, uncertainties and other factors, which may cause the
actual results, performance or achievements of the Company to be
materially different from those projected by such forward-looking
statements. Such factors include, among others: the plan for, and
actual results of, current exploration activities; risks relating
to the ability of exploration activities (including drill results)
to accurately predict mineralization; reliance on third-parties,
including governmental entities, for mining activities; the ability
of NexGold to complete further exploration activities, including
drilling at the Goliath Gold Complex deposits; the ability of the
Company to obtain required approvals; the results of exploration
activities; risks relating to mining activities; and those factors
described in the Company’s Annual Information Form for the year
ended December 31, 2023 and in the Company’s most recent disclosure
documents filed under the Company’s SEDAR+ profile at
www.sedarplus.ca. Although management of the Company has attempted
to identify important factors that could cause actual actions,
events or results to differ materially from those described in
forward-looking information, there may be other factors that cause
actions, events or results not to be anticipated, estimated or
intended. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. Accordingly, readers are cautioned not to place undue
reliance on forward-looking information. The forward-looking
information contained herein is presented to assist shareholders in
understanding the Company’s the Company’s plans and objectives and
may not be appropriate for other purposes. The Company does not
undertake to update any forward-looking information contained
herein, except in accordance with applicable securities laws.
Photos accompanying this announcement are
available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/745c1cc5-4632-47ca-8a2c-18aac9f2679ehttps://www.globenewswire.com/NewsRoom/AttachmentNg/a97591c5-6811-429a-bb85-8883b5753c95
Nexgold Mining (TSXV:NEXG)
過去 株価チャート
から 11 2024 まで 12 2024
Nexgold Mining (TSXV:NEXG)
過去 株価チャート
から 12 2023 まで 12 2024