NexGold Mining Corp. Commences 30,000‑Metre Infill Drill Program at Goldboro Project, Nova Scotia

NexGold Mining Corp. (TSX Venture: NEXG; OTCQX: NXGCF) announced on 25 March 2026 that it has begun a detailed Reverse Circulation (RC) infill drill program at its Goldboro Gold Project in Nova Scotia. The program is designed to acquire up to 30,000 metres of drilling data within the project’s current resource footprint.

Program Objectives

The RC infill drill program will target key structural and stratigraphic trends identified in previous exploration work. By drilling additional holes, the company aims to:

  1. Increase confidence in the continuity of mineralised zones.
  2. Refine the geometallurgical model for the project.
  3. Identify potential expansion targets and enhance the project’s long‑term viability.

Operational Context

The Goldboro Project is located in a well‑established mining corridor in northern Nova Scotia. NexGold has maintained an active exploration agenda in the region, and the infill drill program represents a continuation of its strategy to develop high‑quality, low‑cost gold resources.

Company Background

NexGold Mining Corp. is a Canadian mineral exploration and development company listed on the Toronto Stock Exchange. With a market capitalization of CAD 301 660 576 and a recent closing share price of CAD 1.37, the company focuses on the acquisition and development of precious and base metal assets, primarily in Canada. Its operational history includes an initial public offering on 19 August 2008 and a portfolio of projects that emphasize efficient, scalable exploration methodologies.

Financial Snapshot

  • Market Cap: CAD 301,660,576
  • Close Price (23 Mar 2026): CAD 1.37
  • 52‑Week High: CAD 2.40 (01 Mar 2026)
  • 52‑Week Low: CAD 0.61 (06 Apr 2025)
  • Price‑to‑Earnings Ratio: –4.351

These figures provide a quantitative backdrop for investors evaluating NexGold’s ongoing exploration activities.

Forward Outlook

Completion of the 30,000‑metre infill drill program is expected to deliver a more robust resource estimate for Goldboro. The company will report drilling results once data processing is complete, which may influence future capital allocation decisions and the potential for subsequent development phases.

The information above is sourced from statements issued by NexGold Mining Corp. on 25 March 2026 and is presented in a factual, unembellished manner.