NexGold hits 14g at Goldlund in Ontario

AI desk brief

NexGold reported another set of high-grade drill results at Goldlund in Ontario, with hole GL-26-034 cutting 13m at 2.84 g/t gold from 205m, including 8m at 9.76 g/t and 7m at 14.07 g/t. The company says the results continue to build confidence that mineralization persists at depth and may support future open-pit development and resource refinement.

Additional intercepts included 15.5m at 2.23 g/t, 42.8m at 0.84 g/t, and 17.1m at 1.51 g/t. Goldlund hosts 621,000 oz contained gold in probable reserves under a 2023 PFS, which outlined a 90,000 oz/yr project over 13 years at a US$1,750/oz gold assumption; NexGold shares fell more than 6% on the day despite the drill success.