NexGold Mining - Goliath Gold Complex; 25,000 Meter Drill Program Underway, 3 High-Priority Targets, Goal To Add To The ~3 Million Oz Gold Resource (M+I+Inferred)
Morgan Lekstrom, President of NexGold Mining (TSXV: NEXG; OTCQX: NXGCF) joins us to provide more information on the Company’s ongoing exploration program at the Goliath Gold Camp in Northwestern Ontario. A total of 25,000 meters of drilling is planned over multiple stages all with the goal of expanding and adding to the current resources.
We start by diving into the 4,000 meter first phase of a multi-phase 25,000 meter drill program targeting the Interlakes area, situated between the Goliath and Goldlund deposits - together already holding 2.1 million ounces of measured and indicated (M+I) resources. Morgan elaborates on the systematic drilling approach, high-grade channel samples, and the strategic aim to explore mineralized zones for resource expansion. The exploration strategy includes subsequent drilling at the Goliath and Goldlund sites, to reveal depth extensions and higher-grade zones. We also touch on the Miller deposit, soil sample results, and the identification of further targets.
Financially, the company is well-positioned with $14million in the treasury, supporting the $7-8 million exploration budget and ongoing feasibility studies. NexGold anticipates making a construction decision by Q3 of next year.
