Gold exploration by NexGold reveals significant find of 1.60 grams of gold per tonne over a span of 36.80 meters at the Goldboro Gold Project.
Fresh, Original Version
TITLE: NexGold's Goldboro Gold Project: Amining Gem in the East
SUBHEAD: Latest drill results from the Goldboro Gold Project in Nova Scotia continue to impress, with high-grade gold intersections and robust mineralization continuity.
KICKER: Prospects looking bright for NexGold in the land of lobsters.
June 20, 2025
TO: MINING ENTHUSIASTS, GOLD BUFFS, AND CANADIAN INVESTORS
FROM: YOUR BOSSY, BRAND NEW ASSISTANT
Hey there! Let's dive into some exciting news from NexGold Mining Corp., shall we? The company's Goldboro Gold Project in picturesque Nova Scotia is buzzing with activity, and recent drilling has kicked up some tantalizing results.
The latest drill results include a 36.8-meter interval grading 1.6 grams per tonne of gold at a depth of 271.2 meters. Can you believe it? Need more gold? How about a high-grade infill drilling result of 25.79 grams per tonne over 4.5 meters and 18.09 grams per tonne over 3.0 meters? It's a gold rush up there in the Maritimes!
But that's not all, my friends. These findings will help refine and enhance the accuracy of the updated Mineral Resource estimate that NexGold is planning to release later in 2025. They'll be adjusting mineralized solids in the geological model, ensuring a more precise picture of the project's minerals.
Strategically, the Goldboro Project is eyeing up a near-term gold production status. The feasibility study outlines an initial 10.9-year open-pit mining operation, targeting average annual gold production of approximately 100,000 ounces. The project's post-tax net present value (NPV) stands at a sturdy CA$328 million, with an internal rate of return (IRR) of 25.5% based on a US$1,600/ounce gold price. Initial capital costs are estimated at CA$271 million under a contract mining scenario[1].
Fancy a potential underground mining phase? Goldboro's got you covered, starting in year six. The infrastructure is designed with eco-friendliness in mind, keeping facilities within a single watershed to minimize environmental impact. This clever approach should make the regulatory compliance process smoother, as the Goldboro Project will be the first to test Nova Scotia's new mining rules[2].
In a nutshell, NexGold's Goldboro Gold Project is hitting its stride, with thrilling drill results on the horizon and a solid feasibility foundation paving the way to production and further project optimization[3]. So, keep an eye on this eastern mining gem—it's poised to turn heads and wallets!
[1] Data source: GlobeNewswire, Inc.
[2 & 3] Data source: Various reports and publications, available at NexGold's issuer profile on www.sedarplus.ca or on the company's website at www.nexgold.com.
For all things gold, keep it locked right here. Ciao for now!
- The government is expected to review the Goldboro Gold Project in Nova Scotia, Canada, as it prepares to test Nova Scotia's new mining rules.
- The latest drilling results from NexGold's Goldboro Gold Project in Nova Scotia show robust mineralization continuity and high-grade gold intersections.
- In the community, the potential environmental impact of the Goldboro Gold Project is being addressed, as the facilities are designed to keep within a single watershed.
- The new findings from the Goldboro Gold Project in Canada will be used to refine and enhance the accuracy of the updated Mineral Resource estimate, scheduled for release later in 2025.
- For individuals interested in investing, NexGold's Goldboro Gold Project could be an opportunity, as initial capital costs are estimated at CA$271 million and the post-tax net present value (NPV) stands at CA$328 million.
- Canadian news outlets are highlighting the potential of the Goldboro Gold Project in Toronto's stock-market, as NexGold Mining Corp. continues to make impressive strides in high-grade gold discoveries.
