NexGold Says Infill Drilling Intersected New Zones of Gold Mineralization at the Goldboro Gold Project

NexGold Mining (NEXG.V) on Friday provided an update on its ongoing 25,000 metre diamond drill program at its Goldboro Project in Nova Scotia, initially announced on January 22.

The company said that the drilling is "progressing well" and is expected to be completed at the end of the second quarter, adding that three diamond drills currently at Goldboro have completed approximately 17,000 metres of diamond drilling.

The company stated that the results from four diamond drill holes, which form part the drill program designed to confirm gold mineralization in certain historic diamond drill holes by twinning, confirm its interpretation that broader zones of gold mineralization do exist where only narrow zones of mineralization were previously sampled. It also intersected gold mineralization in areas where no samples were previously taken and not previously anticipated.

"The results from the first four twinned holes confirm that gold mineralization is broader than in the historically under sampled diamond drill core and that there are additional gold intersections in areas of the deposit not previously sampled," said NexGold Mining's Chief Executive Officer Kevin Bullock. "We anticipate further results from additional twinned holes throughout the program as well as infill drilling that will additionally inform an updated Mineral Resource Estimate and ultimately an updated Feasibility Study at Goldboro. The 25,000-metre drill program at Goldboro is ongoing as we finalize our Feasibility Study at our advanced stage Goliath Project in Ontario. NexGold is an emerging, advanced, near-term gold developer with its Goldboro and Goliath Projects, and a focus on creating significant value for shareholders, rightsholders and stakeholders."