NexGold Initiates Inaugural 25,000-Metre Diamond Drill Program and Plans an Updated Mineral Resource at the Goldboro Gold Project

TORONTO, Jan. 22, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”) is pleased to announce it has commenced drilling on the Goldboro Deposit at the Company’s Goldboro Project in Nova Scotia (“Goldboro”). The drill program, which comprises up to 25,000 metres, is primarily designed to infill specific areas of the open pit Mineral Resource identified to improve geological and grade continuity and potentially upgrade certain areas of Inferred and Indicated Mineral Resources (the “Drill Program”). This Drill Program will include an initial Phase I consisting of 15,000 metres with Phase II (up to an additional 10,000 metres) of drilling to be committed based on ongoing review of the mineral resource and regional exploration work. The Drill Program will initially be conducted with one drill, with an additional 2 drill rigs to be added over the next month.