NexGold Hits High-Grade Gold Intersections in Nova Scotia Infill Drilling — NeXGold Mining Corp.

Event summary

NexGold intersected 61.22 g/t gold over 12 meters and 5.85 g/t gold over 13 meters during infill drilling at its Goldboro project in Nova Scotia.
The Reverse Circulation (RC) Infill Drill Program comprises up to 30,000 meters in 600 holes, with over 65% of the drilling complete as of June 25, 2026.
Results confirm mineralization location and grade within areas planned for early years of mining, supporting a final investment decision expected later this year.
The program aims to upgrade Mineral Resources from Indicated to Measured category using high-density data.

The big picture

NexGold's high-grade intersections in Nova Scotia reinforce the Goldboro project's potential as a near-term production asset. The infill drilling program is critical for de-risking the resource base ahead of a final investment decision, aligning with broader industry trends toward detailed pre-production drilling to enhance project economics and attract financing.

What we're watching

Resource Upgrade: Whether the infill drilling results will successfully upgrade Mineral Resources from Indicated to Measured category, reducing project risk.
Investment Decision: The pace at which NexGold can finalize its investment decision for the Goldboro project, given the upcoming updated Feasibility Study in Q3 2026.
Mineralization Consistency: How consistent the high-grade intersections are across the deposit, which will influence mining plans and economic viability.