Latest news with #KevinBullock
Toronto Star
8 hours ago
- Business
- Toronto Star
NexGold Intersects 40.09 g/t gold over 17.7 Metres at the Goldboro Open Pit Gold Project
TORONTO, July 30, 2025 (GLOBE NEWSWIRE) — NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) ('NexGold' or the 'Company') is pleased to provide additional drill results from a recently-completed 26,854-metre diamond drill program initially announced on January 22, 2025 at the Company's Goldboro Open Pit Gold Project ('Goldboro') in Nova Scotia. The drill program 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 assay results for an additional seven infill diamond drill holes (BR-25-570,-579, -584, -586, -605, -606, and -607) totalling 1,309.2 metres were from drilling in the proposed west pit of the Goldboro Open Pit Gold Project (Figures 1; Tables 1 and 2). Kevin Bullock, President and CEO, stated: ' The high grades over considerable thicknesses encountered in recent drilling will be important to the ongoing work on the Goldboro Mineral Resource and mine planning. Goldboro continues to demonstrate the presence of high-grade zones, near surface, within the planned open pits. We are encountering this style of mineralization at open pit depths with all intersected zones projecting to surface. We anticipate final assays from the full drill program to be returned in the coming weeks and are looking forward to using that information in an updated Mineral Resource which will ultimately inform the planned updated Feasibility Study.'
Toronto Star
6 days ago
- Business
- Toronto Star
NexGold Continues to Intersect High-Grade Gold Mineralization at the Goldboro Open Pit Gold Project, Including 108.76 g/t Au over 1.40 metres and 67.23 g/t gold over 2.20 metres
TORONTO, July 24, 2025 (GLOBE NEWSWIRE) — NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) ('NexGold' or the 'Company') is pleased to provide additional drill results from a recently-completed 26,854-metre diamond drill program initially announced on January 22, 2025 at the Company's Goldboro Open Pit Gold Project ('Goldboro') in Nova Scotia. The drill program 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 assay results for an additional 11 infill diamond drill holes (BR-25-566 to 569, BR-25-571 to 573, 577, 578, 582, and 590), totalling 1,944.05 metres, were from drilling in the proposed west and east pits (Figures 1 and 2; Tables 1 and 2). Kevin Bullock, President and CEO, stated: ' We continue to see high-grade gold assays from both the East and West Goldbrook open pit domains and the assays continue to be generally consistent with our Mineral Resource model at Goldboro. The numerous high grade intersections and confirmatory drilling bode well for the Mineral Resource update currently being prepared.'
Hamilton Spectator
6 days ago
- Business
- Hamilton Spectator
NexGold Continues to Intersect High-Grade Gold Mineralization at the Goldboro Open Pit Gold Project, Including 108.76 g/t Au over 1.40 metres and 67.23 g/t gold over 2.20 metres
TORONTO, July 24, 2025 (GLOBE NEWSWIRE) — NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) ('NexGold' or the 'Company') is pleased to provide additional drill results from a recently-completed 26,854-metre diamond drill program initially announced on January 22, 2025 at the Company's Goldboro Open Pit Gold Project ('Goldboro') in Nova Scotia. The drill program 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 assay results for an additional 11 infill diamond drill holes (BR-25-566 to 569, BR-25-571 to 573, 577, 578, 582, and 590), totalling 1,944.05 metres, were from drilling in the proposed west and east pits (Figures 1 and 2; Tables 1 and 2). Kevin Bullock, President and CEO, stated: ' We continue to see high-grade gold assays from both the East and West Goldbrook open pit domains and the assays continue to be generally consistent with our Mineral Resource model at Goldboro. The numerous high grade intersections and confirmatory drilling bode well for the Mineral Resource update currently being prepared.' Selected drill intersections from the 11 diamond drill holes in this news release are further detailed in Table 2 and include: The Company has now released assay results for 111 drill holes (approximately 79%) from the infill program. Results from the drill program, to date, continue to demonstrate the presence of mineralization that is consistent with previous drill results in the proposed west and east pits. In particular, the existing geological model appears to broadly predict the location of gold mineralization with local adjustments to the model where mineralization is either not in the exact positions predicted by the model or if no mineralization is intersected. Significantly, the drill program continues to intersect additional gold mineralization in areas where mineralization was previously unknown or predicted. This occurs either in under-drilled areas or near historic drilling which were more selectively sampled. Mineralized solids will be adjusted where necessary to account for local variations in the model, and any impact due to additional assay data gathered during the drill program will be investigated during the forthcoming Mineral Resource Estimate planned for H2 2025. Figure 1: Plan map showing the location of diamond drill holes BR-25-566, 568, 569, 571 to 573, 578 and 590 along with highlights' assays in the proposed East Pit, Goldboro Gold Deposit Figure 2: Plan map showing the location of diamond drill holes BR-25-567, 577 and 582 along with highlights assays in the proposed West Pit, Goldboro Gold Deposit Notes: Notes: QA / QC The Company has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best Practices Guidelines. The NQ diameter drill core is sawn in half with one-half of the core sample dispatched to either Eastern Analytical Ltd. (Eastern) preparation facility in Springdale, Newfoundland and Labrador or the ALS Canada Ltd. (ALS) prep lab in Moncton, NB and then the pulp is sent to North Vancouver, BC for fire assay. The other half of the core is retained for future assay verification and/or metallurgical testing. Analysis for gold was completed by fire assay (30 g) with an AA finish. All assays in this press release are reported as fire assays only. For samples analyzing greater than 0.5 g/t Au via 30 g fire assay, these samples will be re-analyzed at Eastern via total pulp metallics. For the total pulp metallics analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Total pulp metallics assays for drill holes sited within this news release may be updated in a future news release. Check assays are conducted at Eastern for assay samples received from ALS and check assays are conducted at ALS for assays received from Eastern following the completion of a program. Other QA/QC procedures include the regular insertion of blanks and CDN Resource Laboratories certified reference standards. The laboratory also has its own QA/QC protocols running standards and blanks with duplicate samples in each batch stream for all analysis. Qualified Person Paul McNeill, VP Exploration of NexGold, is considered a 'Qualified Person' for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved the scientific and technical disclosure contained in this news release on behalf of NexGold. About NexGold Mining Corp. NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. NexGold's Goliath Gold Complex (which includes the Goliath, Goldlund and Miller deposits) is located in Northwestern Ontario and its Goldboro Gold Project is located in Nova Scotia. NexGold also owns several other projects throughout Canada, including the Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock. In addition, NexGold holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska. NexGold is committed to inclusive, informed and meaningful dialogue with regional communities and Indigenous Nations throughout the life of all our Projects and on all aspects, including creating sustainable economic opportunities, providing safe workplaces, enhancing of social value, and promoting community wellbeing. Further details about NexGold, including a Prefeasibility Study for the Goliath Gold Complex and a Feasibility Study for the Goldboro Gold Project, are available under the Company's issuer profile on and on NexGold's website at . Contact: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cautionary Note Regarding Forward-Looking Information This news release contains or incorporates by reference 'forward-looking information' within the meaning of applicable Canadian securities legislation and 'forward-looking statements' within the meaning of applicable U.S. securities laws. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking information including, but not limited: to information as to the Company's strategic objectives and plans; timing and results of drilling activities; potential for upgrading mineral resources; expected initiatives to be undertaken by management of the Company in identifying exploration opportunities; and timing of advancement and completion of technical studies. Generally, forward-looking information is characterized by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'is projected', 'anticipates' or 'does not anticipate', 'believes', 'targets', or variations of such words and phrases. Forward-looking information may also be identified in statements where certain actions, events or results 'may', 'could', 'should', 'would', 'might', 'will be taken', 'occur' or 'be achieved'. Forward-looking information involve known or unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from those projected by such forward-looking statements. Such factors include, among others: the plan for, and actual results of, current exploration activities; expectations relating to future exploration, development and production activities as well as growth potential for NexGold's operations; risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; reliance on third-parties, including governmental entities, for mining activities; the ability of NexGold to complete further exploration activities, including drilling at the Goliath Gold Complex and Goldboro deposits; the ability of the Company to obtain required approvals; the results of exploration activities; risks relating to mining activities; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of mineral resources, production and cost estimates; health, safety and environmental risks; worldwide demand for gold and base metals; gold price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; changes in legislation, including but not limited to tax laws, royalties and environmental regulations; and those factors described in the Management's Discussion and Analysis for the year ended December 31, 2024 of the Company and in the Company's most recent disclosure documents filed under its SEDAR+ profile at . Although management of the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented to assist shareholders in understanding the Company's the Company's plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information contained herein, except in accordance with applicable securities laws. Photos accompanying this announcement are available at:
The Market Online
26-06-2025
- Business
- The Market Online
Nova Scotia gold miner NexGold keeps high grades coming
NexGold Mining (TSXV:NEXG) unveiled more high-grade hits from its now completed 25,000-metre drilling program on its Goldboro project in Nova Scotia The feasibility-stage project is estimated to contain 1.15 million ounces of gold proven and probable, 2.58 million ounces measured and indicated and 484,000 ounces inferred NexGold is a gold-focused exploration and development company advancing a portfolio spread across Canada and Alaska NexGold stock has given back just over 10 per cent since adopting the NexGold name in July 2024 NexGold Mining (TSXV:NEXG) unveiled more high-grade hits from its now completed 25,000-metre drilling program on its Goldboro project in Nova Scotia. The feasibility-stage project is estimated to contain 1.15 million ounces of gold proven and probable, 2.58 million ounces measured and indicated and 484,000 ounces inferred. Results in Thursday's news release stem from a proposed open pit in the western part of the property, demonstrating mineralization consistent with previous drilling. Highlights include: 3.58 grams per ton (g/t) of gold over 18.3 metres (m) (from 139 to 157.3 m), including 59.40 g/t gold over 0.6 metres in drillhole BR-25-530. 2.79 g/t gold over 19.7 m (from 291.3 to 311 m), including 72.80 g/t gold over 0.5 m in drillhole BR-25-544. 103.50 g/t gold over 0.7 m (from 86.3 to 87 m) in drillhole BR-25-523. 0.52 g/t gold over 32.8 m (from 125.2 to 158 m), including 3.50 g/t gold over 0.5 m in drillhole BR-25-539. The program successfully infilled strategic areas of the open pit mineral resource, improving geological and grade continuity and making a stronger case for upgrading inferred and indicated resources. Investors can expect NexGold to report assays from the remaining 91 drillholes through Q3 – including from the exploration of select drillholes from the 1980s and 1990s – as management progresses towards an updated mineral resource estimate planned for the second half of 2025, to be followed by an updated feasibility study. Leadership insights 'We are very pleased to have completed this phase of infill drilling at the Goldboro gold project, which has shown early positive results in assays received to date from the proposed east and west pits,' Kevin Bullock, NexGold's president and chief executive officer, said in a statement. 'Efficiencies with the drilling program allowed us to complete additional twinning of historic drill holes, which will further help to de-risk the project moving forward. We will now turn our attention to updating the Goldboro mineral resource as we receive data. Updating the mineral resource will provide the basis of the planned feasibility study update. The timing of finishing the drill program and initiating a mineral resource update is timed well with recent news of the Notice of Completion for the Nova Scotia Industrial Approval for the project.' About NexGold Mining NexGold is a gold-focused exploration and development company advancing a portfolio spread across Canada and Alaska. NexGold stock (TSXV:NEXG) last traded at C$0.79. The stock has given back just over 10 per cent since adopting the NexGold name in July 2024. Join the discussion: Find out what everybody's saying about this Canadian gold stock on the NexGold Mining Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
18-06-2025
- Business
- Yahoo
Goldboro gold mine will be first test of Nova Scotia's new regulatory rules
The company hoping to open Nova Scotia's next gold mine says the province has accepted its application for industrial approval, meaning the environment minister will issue a decision about the project's future within 60 days. NexGold Mining Corp. said in a news release Tuesday that its Goldboro Gold project is now under review for industrial approval — the final provincial regulatory hurdle that must be overcome before operations can get underway. "This is a major milestone that paves the way for the potential development of the Goldboro Gold Project," Kevin Bullock, NexGold's president and CEO, said in the news release. The news comes just a few days after the province announced it is changing its industrial approval process for metal mines with the aim of speeding up approvals. The changes are part of a broader push from the Houston government for more resource development. One of the most prominent changes is that more than a dozen requirements were dropped from the industrial approval application. The requirements that include noise and air quality monitoring plans will now be required at various stages following approval, once the project has moved on to site preparation, construction and operation. The Goldboro project would comprise two open-pit mines. It received environmental approval in 2022 under NexGold's previous name, Signal Gold. The company said it submitted its industrial approval application in August 2023 and has been working with the province since then to have the application deemed complete. "The letter we received is the culmination of years of work by the NexGold team and we look forward to future constructive dialogue with the Province to work towards a positive IA conclusion in the next two months," said Bullock. Provincial legislation sets a 60-day deadline for a decision on industrial approvals once a complete application is accepted. Earlier this year, the province granted a 779-hectare lease of Crown land to the Goldboro project. It had previously secured mineral exploration and extraction licences, and signed community benefit agreements with the Assembly of Nova Scotia Mi'kmaw Chiefs and the Municipality of the District of Guysborough. The project has been hotly criticized by environmentalists who are worried about the destruction of natural habitat, including wetlands, and the risk of arsenic contamination to waterways and groundwater from mining operations. Last year, the company applied to Environment and Climate Change Canada for approval to use seven water courses for mine waste disposal. According to the federal department, the disposal would impact about 0.27 hectares of fish habitat. Ottawa has not yet released a decision. NexGold has said it expects the project to last 15 years, including 11 years of mining. Nova Scotia has a long history of gold mining, particularly in the Goldboro area of Guysborough County, although there are currently no operational gold mines. The Touquoy mine near Moose River, N.S., is the most recent example. It started operating in 2017 and wrapped up in 2023. It's now in reclamation, although the company behind the operation is in a legal dispute with the province about how to clean up the site. The province is undertaking cleanups at several former gold mine sites. MORE TOP STORIES
