202660 releases
NexGold Reports Progress on Development Activities at the Goldboro Gold Project in Nova Scotia
NexGold Mining Corp. reported progress on development of its 100%-owned Goldboro Gold Project in Nova Scotia through mid-October 2026, including early works construction that commenced in mid-September and an updated Feasibility Study it expects to complete by the end of Q4 2026. The release also reports completion of the 716,619-share issuance to Sprott Streaming in satisfaction of a US$675,000 quarterly royalty minimum payment.
CorporateNexGold Reminds Warrant Holders of Upcoming Expiry
Warrants issued under the November 6, 2024 flow-through private placement expire at 5:00 p.m. (Toronto time) on Friday, November 6, 2026, each exercisable for one common share at $1.05; as of October 8, 2026, 1,211,250 Warrants remain outstanding. Separately, NexGold will satisfy an upcoming US$675,000 minimum quarterly payment under its Sprott Streaming royalty agreement by issuing 716,619 common shares at a deemed price of $1.3427, expected on or about October 13, 2026, subject to TSXV acceptance.
CorporateSeptember 2026 Newsletter
Site preparation and early works construction began in September at the fully permitted Goldboro Gold Project in Nova Scotia, including a public-access bypass road, sediment and erosion control infrastructure, tree clearing and contractor mobilization, executed with the majority Indigenous-owned Mi'kma'ki-Municipal Limited Partnership. The Board is expected to consider a construction decision in Q4 2026, with full-scale construction targeted for Q1 2027. Results from 10 additional drill holes at the Goldlund Deposit in Ontario were reported September 23, with approximately 31,971 metres of the 35,000-metre program completed.
NewsNexGold Intersects 14.07 g/t Gold over 7.0 Metres, 9.76 g/t Gold over 8.0 Metres and 2.84 g/t Gold over 13.0 Metres at the Goldlund Deposit, Ontario
Drilling at Zone 4 of the Goldlund Deposit, part of the Goliath Gold Complex in Northwestern Ontario, returned 14.07 g/t gold over 7.0 metres (including 95.70 g/t over 1.0 metre), 9.76 g/t over 8.0 metres and 2.84 g/t over 13.0 metres in hole GL-26-034, plus 2.23 g/t over 15.5 metres in GL-26-032 and 1.25 g/t over 22.0 metres in GL-26-033. Results cover 3,603 metres in 10 holes (GL-26-031 to GL-26-040). About 31,971 metres of the expanded 35,000-metre program are complete, with the balance expected by the end of 2026.
Drill resultsNexGold Announces Commencement of Early Works Construction Activities at the Goldboro Gold Project, Nova Scotia
Site preparation and early works construction have begun at the Goldboro Gold Project in Nova Scotia, including a public-access bypass road, sediment and erosion controls, tree clearing and contractor mobilization, executed with the majority Indigenous-owned Mi'kma'ki-Municipal Limited Partnership. A Board construction decision is anticipated in Q4 2026, alongside an updated Feasibility Study, with full-scale construction targeted for Q1 2027. The 2022 Feasibility Study projects 26 months of construction and commissioning, an 11-year open pit life and about 100,000 ounces of gold annually.
CorporateNexGold’s Goldboro Project Selected for Inclusion in the Canada Investment Summit Prospectus
The fully permitted Goldboro Gold Project in Nova Scotia has been selected for inclusion in the Canada Investment Summit Prospectus, to be distributed to global investors at the inaugural Canada Investment Summit hosted by Prime Minister Mark Carney with CPP Investments and PSP Investments in Toronto on September 14-15, 2026. NexGold is evaluating a potential construction decision for Goldboro, currently anticipated in 2026. The 2022 resource estimate totals 2.58 million ounces of gold within 21.6 million tonnes grading 3.72 g/t.
CorporateAugust 2026 Newsletter
An August 2026 newsletter recaps drill results from the Goldboro Gold Project in Nova Scotia, where the expanded 40,000-metre reverse circulation infill program returned 5.26 g/t gold over 7.0 metres and 7.08 g/t gold over 5.0 metres, with more than 76% complete as of August 19. At the Goliath Gold Complex in Ontario, the initial 25,000-metre diamond drill program at Goldlund was completed and expanded to approximately 35,000 metres, with results including 3.08 g/t gold over 17.0 metres and 84.30 g/t gold over 1.0 metres. Q2 2026 results were reported August 13.
NewsNexGold Intersects 3.08 g/t over 17.0 Metres, 4.80 g/t Gold over 5.6 Metres, 84.30 g/t over 1.0 Metres and Expands Drilling Program at the Goldlund Deposit, Ontario
Drilling at Zone 4 of the Goldlund Deposit, part of the Goliath Gold Complex in Northwestern Ontario, returned 3.08 g/t gold over 17.0 metres in GL-26-026, 4.80 g/t over 5.6 metres in GL-26-025, 84.30 g/t over 1.0 metre in GL-26-022, and 1.85 g/t over 12.5 metres in GL-26-020. Results cover 4,686 metres in 11 holes. Having completed the initial 25,000-metre program, NexGold has expanded drilling to approximately 35,000 metres, continuing through fall 2026.
Drill resultsNexGold Intersects 5.26 g/t Gold over 7.0 Metres and 7.08 g/t Gold over 5.0 Metres in RC Infill Drill Program at the Goldboro Gold Project, Nova Scotia
Infill reverse circulation drilling at the Goldboro Gold Project in Nova Scotia returned 5.26 g/t gold over 7.0 m from 41.0 m (including 31.29 g/t over 1.0 m) in RC-26-226 and 7.08 g/t over 5.0 m from 9.0 m in RC-26-195, with other intercepts including 14.97 g/t over 2.0 m and 18.54 g/t over 1.0 m. Results cover 3,591 m from 85 holes in the west pit area. The program was expanded from 30,000 m to 40,000 m following a $10M flow-through financing and is over 76% complete, continuing through Q3 2026. Results will not be included in the updated Feasibility Study due later in 2026.
Drill resultsNexGold Reports Q2 2026 Financial and Operating Results
Cash and short-term investments were $101.1 million at June 30, 2026, down from $104.5 million at March 31, 2026, with a Q2 net loss of $16.0 million, or $0.06 per share, versus $11.4 million, or $0.05 per share, in Q1. At the Goliath Complex in Northwestern Ontario, 21,986 metres of the 25,000-metre program are complete, including 15.21 g/t gold over 20.1 metres in GL-26-007. Goldboro's RC infill program was expanded from 30,000 to 40,000 metres, with 61.22 g/t gold over 12.0 metres in RC-26-073; the updated Goldboro Feasibility Study is expected in 2026.
CorporateJuly 2026 Newsletter
The Reverse Circulation infill drill program at the Goldboro Gold Project in Nova Scotia was expanded from 30,000 metres to 40,000 metres, with engineering, procurement, early works evaluations and mine planning advancing toward an updated Feasibility Study. At the Goliath Gold Complex in Ontario, work included mine plan optimization, tailings storage facility evaluations, environmental baseline studies and Zone 4 infill drilling in support of an internal Scoping Study. The Company also added personnel across engineering, procurement, supply chain, contracts and project management.
NewsNexGold Intersects 61.22 g/t Gold over 12.0 Metres and 5.85 g/t Gold over 13.0 Metres During Infill Drill Program at the Goldboro Gold Project in Nova Scotia
Initial results from a reverse circulation infill drill program at the Goldboro Gold Project in Nova Scotia returned 61.22 g/t gold over 12.0 metres, including 685 g/t over 1.0 metre, in hole RC-26-073, and 5.85 g/t gold over 13.0 metres in RC-26-037. The results cover 3,265 m from 82 holes within a program of up to 30,000 metres in 600 holes, over 65% complete. An updated Feasibility Study is expected in Q3 2026, with an investment decision later this year.
Drill resultsNexGold Announces Closing of C$10 Million Private Placement of Flow-Through Shares
A C$10 million private placement has closed, with 6,060,600 flow-through shares issued at C$1.65 per share. Proceeds equal to the gross amount will be spent on Canadian exploration expenses qualifying as flow-through mining expenditures on or before December 31, 2027, directed to exploration at the Goldboro project in Nova Scotia and the Goliath Gold Complex in Northwestern Ontario. The shares are subject to a hold period expiring October 27, 2026; no finder's fees or commissions were paid.
FinancingNexGold Announces Equity Grants
18,181 deferred share units have been granted to independent director David Anthony in connection with his appointment to NexGold Mining Corp's board announced on May 12, 2026. The DSUs were issued under the Company's Omnibus Equity Incentive Plan.
CorporateNexGold Intersects 12.06 g/t Gold over 6.0 Metres and 3.84 g/t Gold over 18.0 Metres During Infill Drill Program at Goldboro
Reverse circulation infill drilling at the Goldboro Gold Project in Nova Scotia returned 12.06 g/t gold over 6.0 metres from 44.0 metres (including 67.41 g/t over 1.0 metre) in RC-26-147 and 3.84 g/t over 18.0 metres from 30.0 metres in RC-26-102, from 72 holes totalling 3,420 metres in the West pit. The program has been expanded from about 30,000 metres to 40,000 metres and is roughly 62% complete, continuing into Q4 2026. NexGold will also issue 800,833 shares at $1.1939 to Sprott Streaming for a US$675,000 royalty payment.
Drill resultsNexGold Continues to Advance Key Development Activities at the Goldboro Gold Project in Nova Scotia
A monthly update on the Goldboro Gold Project in Nova Scotia for June 2026 reports the open pit Mineral Resource Estimate is complete and the underground estimate is ongoing, incorporating approximately 58,008 metres of drilling from 329 holes, with an updated Feasibility Study anticipated by the end of Q3 2026 to support a non-binding US$175 million letter of intent with Appian Capital Advisory and a potential construction decision targeted this year. The reverse circulation infill drill program was expanded from 30,000 to 40,000 metres, and early earthworks could start as soon as September 2026.
CorporateNexGold Intersects 61.22 g/t Gold over 12.0 Metres and 5.85 g/t Gold over 13.0 Metres During Infill Drill Program at the Goldboro Gold Project in Nova Scotia
Initial results from a reverse circulation infill drill program at the Goldboro Gold Project in Nova Scotia returned 61.22 g/t gold over 12.0 metres (18.0–30.0 m), including 685 g/t over 1.0 m, in hole RC-26-073, and 5.85 g/t gold over 13.0 metres in RC-26-037. Results cover 3,265 m from 82 RC holes within a program of up to 30,000 metres in 600 holes at 12.5-metre spacing to 50 metres depth. An updated Feasibility Study is expected in Q3 2026, with an investment decision later this year.
Drill resultsNexGold Announces Closing of C$10 Million Private Placement of Flow-Through Shares
A private placement of 6,060,600 flow-through shares at C$1.65 per share closed for aggregate gross proceeds of C$10 million, placed with two institutional shareholders with no finder's fees or commissions paid. Proceeds equal to the gross amount will fund Canadian exploration expenses qualifying as flow-through mining expenditures, to be incurred on or before December 31, 2027, supporting exploration at the Goldboro project in Nova Scotia and the Goliath Gold Complex in Northwestern Ontario. The shares are subject to a hold period expiring October 27, 2026.
FinancingNexGold Announces Equity Grants
18,181 deferred share units have been granted to independent director David Anthony in connection with his appointment to NexGold's board of directors announced on May 12, 2026. The DSUs were issued under the Company's Omnibus Equity Incentive Plan.
CorporateNexGold Intersects 12.06 g/t Gold over 6.0 Metres and 3.84 g/t Gold over 18.0 Metres During Infill Drill Program at Goldboro
Infill reverse circulation drilling at the Goldboro Gold Project in Nova Scotia returned 12.06 g/t gold over 6.0 metres from 44.0 metres (including 67.41 g/t over 1.0 metre) in hole RC-26-147 and 3.84 g/t gold over 18.0 metres from 30.0 metres in RC-26-102, from 72 holes totalling 3,420 metres in the West pit. The program has been expanded from about 30,000 metres to 40,000 metres and is roughly 62% complete, continuing into Q4 2026. NexGold will also issue 800,833 shares at $1.1939 to Sprott Streaming to settle a US$675,000 royalty payment.
Drill resultsNexGold Continues to Advance Key Development Activities at the Goldboro Gold Project in Nova Scotia
A June 2026 development update on the 100%-owned Goldboro Gold Project in Nova Scotia reports the open pit Mineral Resource Estimate completed and the underground estimate ongoing, incorporating approximately 58,008 metres of drilling from 329 holes, with an updated Feasibility Study expected by the end of Q3 2026 to support a non-binding US$175 million letter of intent with Appian Capital Advisory. The RC infill drill program was expanded from about 30,000 metres to 40,000 metres and was roughly 62% complete as of July 9, 2026. Early earthworks could begin as early as September 2026, subject to approvals and financing.
CorporateNexGold Continues to Advance Key Development Activities at the Goldboro Gold Project in Nova Scotia
A June 2026 development update on the 100%-owned Goldboro Gold Project in Nova Scotia reports the open pit Mineral Resource Estimate is complete, with the underground estimate ongoing, incorporating approximately 58,008 metres of diamond drilling from 329 holes; an updated Feasibility Study is anticipated by the end of Q3 2026, supporting a non-binding US$175 million letter of intent with Appian Capital Advisory and a potential construction decision targeted this year. The RC infill drill program was expanded from about 30,000 metres to 40,000 metres and was roughly 62% complete as of July 9, 2026. Early earthworks could begin as early as September 2026, subject to approvals and financing.
CorporateNexGold Advancing Key Development Activities on Schedule at the Goldboro Gold Project in Nova Scotia
An update on April–May 2026 development work at the fully permitted, 100%-owned Goldboro Gold Project in Nova Scotia, with an updated Feasibility Study anticipated by the end of Q3 2026 and a potential construction decision targeted for late Q3 2026. Work included geological modelling incorporating 58,008 metres of drilling from 329 holes, 66 geotechnical holes (1,738 metres), 154 test-pits and auger holes, 30 water wells (500 metres), RFPs for early earthworks tentatively starting September 2026, and a 30,000-metre reverse circulation infill drill program plus two airborne geophysical surveys over 32,007 hectares.
CorporateNexGold Mining Signs Memorandum of Understanding with Eagle Lake First Nation and Lac Seul First Nation on Goliath Gold Complex
A Memorandum of Understanding has been signed with Eagle Lake First Nation and Lac Seul First Nation covering the Goliath Gold Complex near Dryden, Ontario, setting a framework for collaboration and negotiation as the project moves through environmental permitting, planning and potential future operations. The MOU establishes processes for environmental stewardship, monitoring, community engagement, training and employment, contracting opportunities, and incorporation of Traditional Knowledge and Anishinaabe laws, plus a framework for potential future Impact Benefit Agreement negotiations. Discussions are expected to continue through subsequent project phases.
CorporateNexGold Announces Voting Results from its Annual and Special Meeting of Shareholders
All seven director nominees named in the May 11, 2026 management information circular were elected at NexGold's 2026 Annual General and Special Meeting, with support ranging from 92.129% for Robert McLeod to 99.725% for James Gowans; Margot Naudie did not stand for re-election and will continue as a strategic advisor. Shareholders also appointed PricewaterhouseCoopers LLP as auditors (99.367% for) and re-approved the equity incentive plan (98.610% for). A total of 94,490,538 shares, about 37.99% of outstanding votes, were represented.
CorporateNexGold Intersects 61.22 g/t Gold over 12.0 Metres and 5.85 g/t Gold over 13.0 Metres During Infill Drill Program at the Goldboro Gold Project in Nova Scotia
Initial results from the reverse circulation infill drill program at the Goldboro Gold Project in Nova Scotia include 61.22 g/t gold over 12.0 m (18.0–30.0 m), with 685 g/t gold over 1.0 m, in hole RC-26-073, and 5.85 g/t gold over 13.0 m (9.0–22.0 m) in RC-26-037. Results cover 3,265 m from 82 holes within a program of up to 30,000 m in 600 holes, of which over 65% is complete. Drilling is to continue into Q3 2026, with an updated Feasibility Study expected in Q3 2026 and an investment decision later this year.
Drill resultsNexGold Announces Closing of C$10 Million Private Placement of Flow-Through Shares
A private placement of 6,060,600 flow-through shares at C$1.65 per share closed for aggregate gross proceeds of C$10 million. Proceeds equal to the gross amount will be used to incur Canadian exploration expenses qualifying as flow-through mining expenditures on or before December 31, 2027, supporting exploration at the Goldboro project in Nova Scotia and the Goliath Gold Complex in Northwestern Ontario. The shares carry a four-month-plus-one-day hold period expiring October 27, 2026, and no finder's fees or commissions were paid.
FinancingNexGold Announces Equity Grants
A grant of 18,181 deferred share units has been made to independent director David Anthony in connection with his appointment to NexGold Mining Corp's board announced on May 12, 2026. The DSUs were granted under the Company's Omnibus Equity Incentive Plan.
CorporateNexGold Intersects 12.06 g/t Gold over 6.0 Metres and 3.84 g/t Gold over 18.0 Metres During Infill Drill Program at Goldboro
Infill reverse circulation drilling at the Goldboro Gold Project in Nova Scotia returned 12.06 g/t gold over 6.0 metres (including 67.41 g/t over 1.0 metre) in hole RC-26-147 and 3.84 g/t over 18.0 metres in RC-26-102, from 3,420 metres across 72 holes in the West pit. The program has been expanded from about 30,000 metres to 40,000 metres and is roughly 62% complete, continuing into Q4 2026. NexGold will also issue 800,833 shares at $1.1939 to Sprott Streaming to settle a US$675,000 royalty payment.
Drill resultsNexGold Intersects 12.06 g/t Gold over 6.0 Metres and 3.84 g/t Gold over 18.0 Metres During Infill Drill Program at Goldboro
Infill reverse circulation drilling at the Goldboro Gold Project in Nova Scotia returned 12.06 g/t gold over 6.0 metres from 44.0 metres, including 67.41 g/t over 1.0 metre, in hole RC-26-147, and 3.84 g/t over 18.0 metres from 30.0 metres in RC-26-102; results cover 3,420 metres from 72 holes. The program has been expanded from about 30,000 metres to 40,000 metres, is roughly 62% complete, and continues into Q4 2026. NexGold will also issue 800,833 shares at $1.1939 to Sprott Streaming to satisfy a US$675,000 royalty payment.
Drill resultsNexGold Announces Equity Grants
A grant of 18,181 deferred share units has been made to independent director David Anthony in connection with his appointment to NexGold's board announced on May 12, 2026. The DSUs were issued under the Company's Omnibus Equity Incentive Plan.
CorporateNexGold Announces Closing of C$10 Million Private Placement of Flow-Through Shares
A C$10 million private placement closed through the issue of 6,060,600 flow-through shares at C$1.65 per share, with no finder's fees or commissions paid. Gross proceeds will fund Canadian exploration expenses qualifying as flow-through mining expenditures, to be incurred on or before December 31, 2027, supporting exploration at the Goldboro project in Nova Scotia and the Goliath Gold Complex in Ontario. The shares are subject to a hold period expiring October 27, 2026, and were placed with two existing institutional shareholders.
FinancingNexGold Intersects 61.22 g/t Gold over 12.0 Metres and 5.85 g/t Gold over 13.0 Metres During Infill Drill Program at the Goldboro Gold Project in Nova Scotia
Initial results from a reverse circulation infill drill program at the Goldboro Gold Project in Nova Scotia returned 61.22 g/t gold over 12.0 m from 18.0 m in hole RC-26-073, including 685 g/t over 1.0 m, plus 5.85 g/t over 13.0 m in RC-26-037, 3.72 g/t over 13.0 m in RC-26-060 and 4.02 g/t over 11.0 m in RC-26-009. The results cover 3,265 m from 82 holes within a program of up to 30,000 m in 600 holes, over 65% complete. An updated Feasibility Study is expected in Q3 2026, with an investment decision later this year.
Drill resultsNexGold Announces Voting Results from its Annual and Special Meeting of Shareholders
All seven director nominees named in the May 11, 2026 management information circular were elected at NexGold Mining Corp.'s annual and special meeting held June 24, 2026, with support ranging from 92.129% to 99.725% of votes cast; Margot Naudie did not stand for re-election and will continue as a strategic advisor. Shareholders also appointed PricewaterhouseCoopers LLP as auditors (99.367% for) and re-approved the equity incentive plan (98.610% for). A total of 94,490,538 shares, about 37.99% of outstanding, were voted.
CorporateNexGold Mining Signs Memorandum of Understanding with Eagle Lake First Nation and Lac Seul First Nation on Goliath Gold Complex
A Memorandum of Understanding has been signed with Eagle Lake First Nation and Lac Seul First Nation covering the Goliath Gold Complex near Dryden, Ontario, establishing a framework for collaboration and negotiation as the project moves through environmental permitting, planning, development and potential future operations. The MOU sets out processes for environmental stewardship, monitoring, community engagement, training and employment, business and contracting opportunities, and incorporation of Traditional Knowledge and Anishinaabe laws, and creates a framework for potential future negotiation of an Impact Benefit Agreement.
CorporateNexGold Advancing Key Development Activities on Schedule at the Goldboro Gold Project in Nova Scotia
An April–May 2026 development update for the fully permitted, 100%-owned Goldboro Gold Project in Nova Scotia states an updated Feasibility Study is anticipated by the end of Q3 2026, with a potential construction decision targeted for late Q3 2026 and early earthworks construction tentatively scheduled for September 2026. Work included geological modelling incorporating 58,008 metres of diamond drilling from 329 holes, 66 geotechnical holes (1,738 metres), 154 test-pits, 30 water wells (500 metres), RFPs for early earthworks and accommodations, a 30,000-metre reverse circulation infill drill program, and two airborne geophysical surveys over 32,007 hectares.
CorporateNexGold Reports Additional Broad, High-Grade Gold, Drill Intercepts at Goldlund, Supporting Mineral Resource Continuity and Expansion Potential
Drilling at the Goldlund Deposit, part of the Goliath Gold Complex in northwestern Ontario, returned 15.21 g/t gold over 20.1 metres (including 497.00 g/t over 0.5 metres) in hole GL-26-007, 5.11 g/t over 21.8 metres in GL-26-014, 4.51 g/t over 21.9 metres in GL-26-012 and 1.34 g/t over 30.0 metres in GL-26-011. Results cover 5,816 metres in 14 holes infilling and expanding Zone 4. About 19,000 metres of the planned 25,000-metre program are complete.
Drill resultsNexGold Reports Q1 2026 Financial and Operating Results
Cash and short-term investments totalled $104.5 million at March 31, 2026, down from $107.7 million at December 31, 2025, after $8.6 million of net cash used in operating activities and $5.5 million from warrant and option exercises; the net loss was $11.4 million, or $0.05 per share. Work at Goldboro, Nova Scotia included a feasibility study update, geotechnical drilling and a new 30,000-metre reverse circulation infill program. Goldlund drilling returned 9.30 g/t gold over 11 metres and 14.10 g/t over 6.0 metres.
CorporateNexGold Initiates VTEM™ and FALCON® Gravity Airborne Geophysical Surveys at Goldboro and Announces Appointment of New Board Member
A 2,496-line kilometre helicopter VTEM Plus survey and a 2,656-line kilometre FALCON fixed-wing airborne gravity gradiometer survey have begun over 32,007 hectares (~320 km2) of exploration land at the Goldboro Gold Project in Nova Scotia, with completion expected in the second quarter of 2026. Both surveys are flown on 150-metre spaced north-south lines, by Geotech Ltd. and Excalibur Smart Mapping respectively. David Anthony, President and CEO of Asante Gold Corporation, was appointed to the Board of Directors.
Drill resultsNexGold Intersects 14.10 g/t Gold Over 6.0 Metres, 2.99 g/t Gold over 20.0 Metres and 10.67 g/t Gold Over 7.0 Metres at the Goldlund Deposit, Ontario
Drilling at the Goldlund Deposit, part of the Goliath Gold Complex in Northwestern Ontario, returned 14.10 g/t gold over 6.0 metres (including 51.70 g/t over 1.5 metres), 2.99 g/t over 20.0 metres and 10.67 g/t over 7.0 metres in hole GL-26-003A, plus 4.25 g/t over 6.0 metres and 0.66 g/t over 43.0 metres in GL-26-002. The results cover 3,663 metres in nine holes infilling and expanding Zone 4 open pit resources. About 18,000 metres of the planned 25,000-metre program are complete.
Drill resultsNexGold Intersects 1.79 g/t Gold Over 25.6 Metres at the Goldlund Deposit, Ontario
Drilling in Zone 4 of the Goldlund Deposit at the Goliath Gold Complex in Northwestern Ontario returned 1.79 g/t gold over 25.6 metres from 215.0 metres in GL-25-015, 3.22 g/t over 10.5 metres from 100.0 metres in GL-25-016, and 1.49 g/t over 11.0 metres from 163.0 metres in GL-26-009, covering 777 metres in three holes within an up-to-25,000-metre program. NexGold will also issue 639,405 shares at a deemed $1.4618 to Sprott Streaming on or about April 13, 2026 to settle a US$675,000 royalty payment.
Drill resultsNexGold Announces Equity Grants
A grant of 18,181 deferred share units has been made to independent director David Anthony in connection with his appointment to NexGold Mining Corp's board announced on May 12, 2026. The DSUs were issued under the Company's Omnibus Equity Incentive Plan. NexGold's assets include the Goldboro Gold Project in Nova Scotia, the Goliath Gold Complex in Northwestern Ontario, and a 100% interest in the Niblack copper-gold-zinc-silver project in southeast Alaska.
CorporateNexGold Intersects 9.30 g/t Gold Over 11.0 Metres and 2.31 g/t Gold Over 21.5 Metres at the Goldlund Deposit, Ontario
Infill drilling at the Goldlund Deposit, part of the Goliath Gold Complex in Northwestern Ontario, returned 9.30 g/t gold over 11.0 metres (including 64.10 g/t over 0.9 metres) in hole GL-25-010 and 2.31 g/t gold over 21.5 metres in GL-25-011, plus 1.18 g/t over 33.5 metres in GL-25-009, 2.34 g/t over 10.2 metres in GL-25-013 and 1.03 g/t over 16.5 metres in GL-25-014. The results cover 1,883 metres in five holes within Zone 4, part of a program of up to 25,000 metres.
Drill resultsNexGold Initiates 30,000-Metre Infill Drill Program at the Goldboro Gold Project in Nova Scotia
A reverse circulation infill drill program of up to 30,000 metres has begun at the Goldboro Deposit, Nova Scotia, infilling the mineral resource at nominal 12.5-metre spacing to depths of 50 metres, targeting the first few years of planned production with the aim of upgrading Indicated resources to Measured. Drilling is expected to continue into Q3 2026, with assays disclosed as available. NexGold also renewed Capital Analytica for investor relations under a March 24, 2026 agreement, six months for $60,000.
Drill resultsNexGold Initiates 30,000-Metre Infill Drill Program at the Goldboro Gold Project in Nova Scotia
A reverse circulation infill drill program of up to 30,000 metres has begun at the Goldboro Gold Project in Nova Scotia, targeting the Goldboro Deposit at 12.5-metre nominal spacing to depths of 50 metres, with the aim of upgrading Indicated resources to Measured. Drilling is expected to continue into Q3 2026, with assays released as available. NexGold also renewed Capital Analytica for investor relations under a March 24, 2026 agreement, six months for $60,000, subject to TSXV approval.
Drill resultsNexGold Announces Equity Grants
A total of 18,181 deferred share units have been granted to independent director David Anthony under NexGold Mining Corp.'s Omnibus Equity Incentive Plan, tied to his appointment to the board announced on May 12, 2026. NexGold holds the Goldboro Gold Project in Nova Scotia, the Goliath Gold Complex in Northwestern Ontario, and a 100% interest in the Niblack copper-gold-zinc-silver project in southeast Alaska.
CorporateNexGold Intersects 9.30 g/t Gold Over 11.0 Metres and 2.31 g/t Gold Over 21.5 Metres at the Goldlund Deposit, Ontario
Drilling at the Goldlund Deposit, part of the Goliath Gold Complex in Northwestern Ontario, returned 9.30 g/t gold over 11.0 metres (including 64.10 g/t over 0.9 metres) in hole GL-25-010 and 2.31 g/t gold over 21.5 metres in GL-25-011, plus 1.18 g/t over 33.5 metres in GL-25-009, 2.34 g/t over 10.2 metres in GL-25-013 and 1.03 g/t over 16.5 metres in GL-25-014. The results cover 1,883 metres in five holes infilling Zone 4 within the open pit resource, part of a program of up to 25,000 metres.
Drill resultsNexGold to Participate in the Red Cloud Pre-PDAC Mining Showcase
NexGold Mining Corp. will participate in the Red Cloud Financial Services Inc. Pre-PDAC Mining Showcase 2026, held February 26-27, 2026 at The OMNI King Edward Hotel. CFO Orin Baranowsky is scheduled to present on Friday, February 27 from 11:00-11:20 a.m. in the Kensington Room, and will be available for one-on-one investor sessions throughout Thursday and Friday.
CorporateNexGold Named in 2026 TSX Venture 50 List of Top Performing Companies
Inclusion in the 2026 TSX Venture 50 list of top performing TSXV companies, based on performance from December 31, 2024 to December 31, 2025, during which NexGold's share price rose 155% from $0.69 to $1.76 and market capitalization increased 330%. The list ranks the top 50 of over 1,600 TSXV issuers on one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value as of December 31, 2025.
CorporateNexGold Announces Equity Grants
The Board of Directors has approved grants of 671,742 Restricted Share Units and 348,607 Deferred Share Units to officers and non-executive directors under the company's 2024 Omnibus Equity Incentive Plan, as amended, in line with TSX Venture Exchange policies. The RSUs and DSUs vest in three equal tranches starting one year from the grant date, with each unit converting to one common share upon settlement.
CorporateNexGold Intersects 3.31 g/t Gold over 20.0 Metres at the Goldlund Deposit, and Announces Change in Board of Directors
Initial results from the up-to-25,000-metre diamond drilling program at the Goliath Gold Complex in Northwestern Ontario cover 2,490 metres in eight holes infilling Zone 4 of the Goldlund Deposit, returning 3.31 g/t gold over 20.00 metres from 279.00 metres (including 71.69 g/t over 0.75 metres) in GL-25-003, 7.59 g/t gold over 9.00 metres in GL-25-002, and 3.16 g/t gold over 7.00 metres in GL-25-006. Paul McRae has resigned from the Board of Directors.
Drill resultsNexGold Initiates a 25,000-metre Infill Diamond Drill Program at the Goliath Gold Complex, Ontario
Diamond drilling of up to 25,000 metres has commenced at the Goldlund Deposit within the Goliath Gold Complex in northwestern Ontario, aimed at infilling and potentially expanding open-pit Mineral Resources, with a focus on deeper portions and high-grade plunging shoots. The program began late in 2025 and is anticipated to continue throughout 2026. Goldlund hosts 911,000 ounces of gold in Measured and Indicated open-pit Mineral Resources (33,353,000 tonnes at 0.85 g/t gold) and 680,200 inferred ounces.
Drill resultsNexGold Provides Summary of 2025 Activities and Key Priorities for 2026
A 2025 review reports receipt of all major federal and provincial permits for the Goldboro Gold Project in Nova Scotia, early repayment of a US$12 million debt facility, sale of a US$24 million 2.9% royalty to Appian with a non-binding LOI for up to US$175 million in project debt, a $112.5 million bought deal, and 26,904 metres of infill drilling at Goldboro plus 9,084 metres at Goliath. For 2026, NexGold plans a Goldboro resource update, feasibility study update, final investment decision and second-half early works, while pausing the Goliath feasibility study.
Corporate
202537 releases
NexGold Announces Equity Grants
The Board approved grants of 687,497 Restricted Share Units to certain officers and 534,719 Deferred Share Units to non-executive directors under NexGold's 2024 Omnibus Equity Incentive Plan, as amended, in line with TSX Venture Exchange policies. The RSUs and DSUs vest in three equal tranches starting one year from the grant date, with each unit converting to one common share upon settlement.
CorporateNexGold Achieves Critical Permitting Milestone; Receives Final Federal Approval for the Goldboro Gold Project
Fisheries and Oceans Canada has granted the Fisheries Act Authorizations for construction and operation of the Goldboro Gold Project in Nova Scotia, issued under Paragraphs 34.4(2)(b) and 35(2)(b) of the Fisheries Act. These are the final federal authorizations and the last major permits required before construction and operations begin, following receipt of the provincial Industrial Approval in August 2025. NexGold applied for the authorizations in August 2023, with consultation ongoing through 2024 and 2025.
CorporateNexGold Announces Closing of C$112.5 Million Bought Deal Private Placement of Units and Flow-Through Shares
A C$112.5 million bought deal private placement closed, comprising 69,445,000 units at C$1.44 per unit for gross proceeds of C$100,000,800 and 7,944,000 flow-through shares at C$1.58 each for C$12,551,520. Each unit includes one common share and one warrant exercisable at C$1.92 until October 31, 2027, subject to acceleration provisions. Unit proceeds will fund development of the Goldboro open-pit gold project in Nova Scotia and general corporate purposes; flow-through proceeds will fund Canadian exploration expenses by December 31, 2026.
FinancingNexGold Announces Equity Grants
A total of 103,600 restricted share units were issued to an officer of NexGold Mining Corp under the Company's 2024 Omnibus Equity Incentive Plan. Certain of the RSUs vest one-third annually, with the remainder fully vesting on the first anniversary of the grant date, and the RSUs expire on December 31, 2028. Each vested RSU represents the right to receive one common share.
CorporateNexGold Announces C$110 Million Bought Deal Private Placement of Units and Flow Through Shares
A C$110 million bought deal private placement has been agreed with National Bank Financial as lead underwriter and sole bookrunner, comprising 69,445,000 units at C$1.44 for gross proceeds of C$100,000,800 and 6,330,000 flow-through shares at C$1.58 for C$10,001,400. Each unit includes one common share and one warrant exercisable at C$1.92 for 24 months, subject to acceleration provisions. Unit proceeds will fund development of the Goldboro open-pit gold project in Nova Scotia; closing is expected on or about October 31, 2025.
FinancingNexGold Announces Management Appointment and Sprott Royalty Payment
Brian Jackson has been appointed Vice President, Projects, effective October 14, 2025, replacing Clinton Swemmer, who resigned and will remain with NexGold until October 31, 2025. Jackson previously served as Vice President, Project Execution for North America at Ausenco and as Project Director at Signal Gold. Separately, the Company elected to issue 595,406 common shares to Sprott at a deemed price of $1.582 per share to satisfy a US$675,000 quarterly minimum royalty payment, subject to TSXV approval, on or about October 14, 2025.
ManagementNexGold Announces Closing of US$24 Million Royalty
A 2.9% net smelter returns royalty financing with Appian Capital Advisory on the 100%-owned Goldboro Gold Project in Nova Scotia has closed, with subsidiary Goldboro Gold Mine Inc. receiving US$24 million in cash. The royalty applies to all minerals until 1,250,000 ounces of gold or gold equivalent, then gold only, with a buyback to 1.0% for US$29 million within three years of closing and US$30.5 million until the fourth anniversary. Proceeds retired the US$12 million Nebari credit facility and funded buyback of Nebari's 0.6% royalty, leaving no material third-party debt. The corporate awareness agreement with Quantum Ventures Inc has expired without renewal.
FinancingNexGold Announces US$24 Million Royalty and Non-Binding LOI for up to US$175 Million in Project Financing for the Advancement of the Goldboro Gold Project
A royalty agreement signed September 24, 2025 with an affiliate of Appian Capital Advisory will pay subsidiary Goldboro Gold Mines US$24 million for a 2.9% net smelter returns royalty on all minerals from the 100%-owned Goldboro gold project in Nova Scotia until 1,250,000 ounces of gold or gold equivalent, then on gold for the life of the project. Proceeds will repay Nebari's US$12 million debt facility and buy back Nebari's 0.6% NSR. GGM may repurchase part of the royalty, reducing it to 1.0% NSR, subject to timing and payment thresholds. Closing, subject to TSXV approval, is expected towards the end of September 2025.
FinancingNexGold Announces Amendments to Omnibus Equity Incentive Plan
NexGold Mining Corp. amended its Omnibus Equity Incentive Plan to clarify that holders of restricted share units may defer settlement of vested RSUs, provided settlement occurs no later than three years following the year in which the related services were rendered. The board approved the amendments on August 12, 2025, and the TSX Venture Exchange accepted them on September 3, 2025; shareholder approval was not required. The amended plan has been filed on SEDAR+.
CorporateNexGold Engages ICP Securities Inc. for Automated Market Making Services
ICP Securities Inc. has been engaged to provide automated market making services, including its ICP Premium algorithm, for a monthly fee of $7,500 plus applicable taxes. The agreement started August 28, 2025 for an initial four-month term, automatically renewing for successive one-month terms unless either party gives 30 days' written notice. There are no performance factors and no stock options or other compensation; ICP is an arm's length party.
CorporateNexGold Achieves Critical Permitting Milestone, Receiving Industrial Approval for the Goldboro Gold Project
The Government of Nova Scotia has granted the Industrial Approval for NexGold's Goldboro Gold Project, one of the last key provincial permits required before construction and future operations. The Company applied for the IA on August 28, 2023 and was notified in June 2025 that the application was deemed complete. The IA is enforceable under the Environment Act and was developed in compliance with conditions of the Environmental Assessment approval issued on August 2, 2022.
CorporateNexGold Announces Management Changes
Jeremy Wyeth has stepped down as Chief Operating Officer of NexGold Mining Corp. following a restructuring of the executive management team into a flat line structure. Rachel Pineault has also stepped down as Executive Vice President, Governance and Corporate Affairs. NexGold holds the Goliath Gold Complex in Northwestern Ontario, the Goldboro Gold Project in Nova Scotia, and the Niblack project in southeast Alaska.
ManagementNexGold Intersects 18.16 g/t Gold over 2.1 Metres and 6.91 g/t Gold over 2.5 Metres at the Goldboro Open Pit Gold Project
Final assay results from the completed 26,854-metre infill diamond drill program at the Goldboro Open Pit Gold Project in Nova Scotia include 18.16 g/t gold over 2.1 metres, including 62.00 g/t over 0.6 metres, in hole BR-25-597, and 6.91 g/t gold over 2.5 metres, including 22.10 g/t over 0.6 metres, in BR-25-595. The final 14 holes totalled 2,072.0 metres; results for all 142 holes have now been released. An updated Mineral Resource Estimate is planned for H2 2025, followed by an updated Feasibility Study.
Drill resultsNexGold Intersects 23.73 g/t Gold over 5.3 Metres and 24.65 g/t Gold over 2.2 Metres at the Goldboro Open Pit Gold Project
Drilling in the proposed east pit at the Goldboro Open Pit Gold Project in Nova Scotia returned 23.73 g/t gold over 5.3 metres, including 244.00 g/t over 0.5 metres, in hole BR-25-589, and 24.65 g/t gold over 2.2 metres, including 104.50 g/t over 0.5 metres, in BR-25-576. Results cover 12 infill holes totalling 2,163.0 metres from the 26,854-metre program announced January 22, 2025; assays have now been reported for 130 holes, about 92%. An updated Mineral Resource Estimate is planned for H2 2025.
Drill resultsNexGold Intersects 40.09 g/t gold over 17.7 Metres at the Goldboro Open Pit Gold Project
Drilling at the Goldboro Open Pit Gold Project in Nova Scotia returned 40.09 g/t gold over 17.7 metres (120.5–138.2 m), including 1,010.00 g/t over 0.5 metres, plus 6.75 g/t over 18.0 metres in hole BR-25-570, 10.54 g/t over 6.6 metres in BR-25-606 and 17.61 g/t over 1.6 metres in BR-25-579. The results cover seven infill holes totalling 1,309.2 metres from the 26,854-metre program; assays for 118 holes, about 84% of the program, have now been released, with an updated Mineral Resource Estimate planned for H2 2025.
Drill resultsNexGold 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
Assay results from 11 infill diamond drill holes totalling 1,944.05 metres at the Goldboro Open Pit Gold Project in Nova Scotia included 108.76 g/t gold over 1.40 metres (including 304.00 g/t over 0.50 metres) in BR-25-578 and 67.23 g/t gold over 2.20 metres (including 286.00 g/t over 0.50 metres) in BR-25-571, plus 1.46 g/t over 13.00 metres and 1.12 g/t over 16.50 metres. Results have now been released for 111 holes, roughly 79% of the 26,854-metre program, with a Mineral Resource update planned for H2 2025.
Drill resultsNexGold Continues to Intersect High-Grade Gold Mineralization at the Goldboro Open Pit Gold Project, Including 50.73 g/t gold over 6.65 metres and 5.28 g/t gold over 19.20 metres
Assay results from 14 infill diamond drill holes (BR-25-551 to 559 and BR-25-561 to 565) totalling 3,347.0 metres at the Goldboro Open Pit Gold Project in Nova Scotia included 50.73 g/t gold over 6.65 metres, with 253.00 g/t over 1.00 metre, in hole BR-25-559; 5.28 g/t over 19.20 metres in BR-25-562; and 59.60 g/t over 0.85 metres in BR-25-565. The holes are part of a completed 26,854-metre program; 100 holes, about 71%, have been reported. A Mineral Resource update is planned for H2 2025, to feed an updated Goldboro Feasibility Study.
Drill resultsNexGold Infill Drilling Continues to Intersect High-Grade Gold Mineralization at the Goldboro Gold Project, Including 77.30 g/t over 1.25 metres and 19.32 g/t gold over 3.50 metres
Assay results from 36 infill diamond drill holes totalling 5,874.2 metres in the proposed east pit at the Goldboro Gold Project in Nova Scotia included 77.30 g/t gold over 1.25 metres (including 190.50 g/t over 0.50 metres) in BR-25-516, 19.32 g/t over 3.50 metres in BR-25-549, 70.78 g/t over 0.85 metres in BR-25-492 and 56.26 g/t over 1.00 metre in BR-25-545. The holes are part of a completed 26,854-metre program, with 86 holes (about 61%) now released. Micon International has been selected to complete a Mineral Resource update, now underway and planned for H2 2025.
Drill resultsNexGold Intersects 13.67 g/t over 1.75 metres and 1.05 g/t over 21.20 metres at the Goliath Deposit and Provides Update on Sprott Royalty
Infill drilling at the Goliath Deposit in Northwestern Ontario returned 13.67 g/t gold over 1.75 metres, including 34.20 g/t over 0.68 metres, in hole TL25698, and 1.05 g/t over 21.20 metres in TL25710; the Eastern Alteration Corridor prospect returned 0.53 g/t over 8.35 metres in TL25714, and Goldlund Southwest returned 4.97 g/t over 0.80 metres in GSW-25-04. These results will not be included in the Mineral Resource update for the ongoing Feasibility Study. NexGold will also issue 1,317,385 shares to Sprott at a deemed price of $0.7009 to satisfy a US$675,000 royalty payment, on or about July 11, 2025.
Drill resultsNexGold Receives Schedule 2 Amendment Approval for Goldboro Gold Project
The federal government of Canada has approved an amendment to Schedule 2 of the Metal and Diamond Mining Effluent Regulations for the Goldboro Gold Project in Nova Scotia, listing one geographic area encompassing seven water bodies within the tailings management facility footprint as tailings impoundment areas. The amendment was published in the Canada Gazette, Part II, on July 2, 2025. A fish habitat compensation plan is under review by Fisheries and Oceans Canada, with approval expected in the second half of 2025.
CorporateNexGold Announces Voting Results from its Annual and Special Meeting of Shareholders
All eight director nominees listed in the May 12, 2025 management information circular were elected at NexGold's 2025 Annual General and Special Meeting held June 26, 2025, with support ranging from 95.104% to 99.424% of votes cast. PricewaterhouseCoopers LLP was appointed auditor with 99.474% for, and the equity incentive plan was re-approved with 97.630% for. A total of 50,604,879 common shares were voted, about 32.11% of outstanding shares as at the record date.
CorporateNexGold Infill Drilling Intersects 1.60 g/t Gold Over 36.80 Metres at the Goldboro Gold Project
Infill drilling at the Goldboro Gold Project in Nova Scotia returned 1.60 g/t gold over 36.80 metres (271.20–308.00 metres), including 53.57 g/t gold over 0.60 metres, in hole BR-25-504, plus 0.83 g/t over 32.55 metres in the same hole and 0.61 g/t over 21.80 metres in BR-25-507. The results cover 11 holes totalling 3,063.00 metres in the proposed west pit, bringing released holes to 42, about 30% of the 25,000-metre program, which is expected to finish at the end of Q2 with final assays mid-Q3. A Mineral Resource update is planned for H2 2025.
Drill resultsNexGold VP Sustainability Receives Prestigious Mining Society of Nova Scotia Medal
Deidre Puddister, VP Sustainability at NexGold Mining Corp., received the Mining Society of Nova Scotia Medal, presented at the Society's 138th annual meeting and conference at Oak Island Resort, Nova Scotia on June 12, 2025. The award recognized her contributions related to the Goldboro Gold Project, covering Indigenous and community engagement, permitting, government relations and environmental stewardship, including work leading to a benefits agreement signed with the Assembly of Nova Scotia Mi'kmaw Chiefs.
CorporateNexGold Receives Notice of Completion on Industrial Approval from the Government of Nova Scotia for the Goldboro Gold Project
The Government of Nova Scotia has deemed complete NexGold's application for an Industrial Approval of a Surface Gold Mine at the 100%-owned Goldboro Gold Project in eastern Nova Scotia. The application now enters final review, with completion expected within 60 days of the notice. NexGold submitted the application in August 2023, following release from the Environmental Assessment process in 2022; the Industrial Approval is typically among the last permits issued before construction and operations can begin.
CorporateNexGold Infill Drilling Intersects 25.79 g/t Gold Over 4.5 Metres and 18.09 g/t Gold over 3.0 Metres at the Goldboro Gold Project
Infill drilling at the Goldboro Gold Project in Nova Scotia returned 25.79 g/t gold over 4.5 metres from 62.0 metres, including 227.0 g/t over 0.5 metres, in hole BR-25-522, and 18.10 g/t gold over 3.0 metres in BR-25-489, along with 2.27 g/t over 11.35 metres in BR-25-491 and 1.02 g/t over 16.4 metres in BR-25-508. The results cover 18 holes totalling 2,775.3 metres in the proposed west pit, part of a 25,000-metre program due to finish at the end of Q2 with final assays mid-Q3.
Drill resultsNexGold Infill Drilling Intersects 11.87 g/t Gold Over 6.1 Metres and 3.77 g/t Gold Over 9.1 Metres at the Goldboro Gold Project
Infill drilling at the Goldboro Gold Project in Nova Scotia returned 11.87 g/t gold over 6.1 metres, including 67.84 g/t over 1.0 metre, in hole BR-25-475, and 3.77 g/t gold over 9.1 metres, including 29.50 g/t over 1.0 metre, in hole BR-25-469. Results cover nine holes infilling the western and southern ends of the proposed western open pit. About 22,000 metres of the 25,000-metre program are complete, with completion anticipated at the end of Q2.
Drill resultsNexGold Receives Cabinet Approval for the Crown Land Lease at the Goldboro Gold Project
The Crown Land Lease and License for the Goldboro Gold Project in Nova Scotia has been approved by Cabinet and is being granted by the provincial government. The lease covers 779 hectares and the licence an additional 97 hectares of Crown land, permitting infrastructure development and the ability to build and operate an open pit mine with associated processing, tailings management, waste rock and overburden storage. Nova Scotia has also added gold to its strategic minerals list.
CorporateNexGold Infill Drilling Intersects New Zones of Gold Mineralization at the Goldboro Gold Project
Twin-hole drilling at the Goldboro Gold Project in Nova Scotia returned 1.86 g/t gold over 10.9 metres, including 7.38 g/t over 0.6 metres, and 35.40 g/t over 0.7 metres in hole BR-25-501, and 1.03 g/t over 18.9 metres in BR-25-498. Roughly 17,000 metres of the 25,000 metre program are complete, with finish expected end of Q2 and results feeding a 2025 resource update. The Company also granted 250,000 options at $0.795 and replaced RSM Canada with PricewaterhouseCoopers as auditor.
Drill resultsNexGold Intersects High-Grade Gold Mineralization at Goliath West and Extends Gold Mineralization at the Far East Prospect
Drilling at the Goliath Gold Complex in Northwestern Ontario returned 10.25 g/t gold and 2.81 g/t silver over 4.78 metres, including 80.30 g/t gold over 0.53 metre, in hole TL24-689 at Goliath West, and 3.05 g/t gold over 10.80 metres in TL25-692; the 3,759 metres in nine holes extended mineralization at the deposit's west end from 300 metres to about 450 metres depth. At the Far East Prospect, eight kilometres east, 2,328 metres in six holes returned 1.71 g/t gold and 11.47 g/t silver over 6.02 metres and extended mineralization down dip by 170 metres to roughly 300 metres depth. NexGold also entered a two-month corporate awareness agreement with Quantum Ventures Inc.
Drill resultsNexGold Announces Closing of C$10 Million Bought Deal Private Placement
A bought deal private placement closed for gross proceeds of C$10,000,080 through the issue of 13,889,000 units at C$0.72 per unit, each unit comprising one common share and one warrant exercisable at C$1.05 for 36 months. National Bank Financial Inc. led the offering with Red Cloud Securities Inc. as co-manager, earning a 6.0% cash commission excluding $500,000 of president's list units. An insider subscribed for 348,000 units for $250,560. Proceeds will advance NexGold's mineral properties and general corporate purposes.
FinancingNexGold Announces C$10 Million Bought Deal Private Placement
A bought deal private placement of 13,889,000 units at C$0.72 per unit for gross proceeds of C$10,000,080 has been agreed with National Bank Financial Inc. as sole bookrunner. Each unit includes one common share and one warrant exercisable at C$1.05 for 36 months from closing. Proceeds will fund continued advancement of the company's mineral properties and general corporate purposes, with closing expected on or about April 9, 2025, subject to TSX Venture Exchange and other regulatory approvals.
FinancingNexGold Provides Positive Update on Tailings Design for Feasibility Study at Goliath Gold Complex
Tailings design optimizations for the Goliath Gold Complex in the Wabigoon Greenstone Belt, northwestern Ontario, include potential to reduce the Tailings Storage Facility surface area by up to 50% through mine plan refinement, reducing waste rock volumes and potentially eliminating the South Waste Rock Storage Area contemplated in the 2023 prefeasibility study, and potentially removing the need for an MDMER Schedule 2 amendment. The NI 43-101 Feasibility Study is anticipated in the second quarter of this year. Clinton Swemmer, P.Eng., has joined as Vice-President, Projects.
Study resultsNexGold Mining Corp. Presents in Red Cloud’s Virtual Webinar Series
A live virtual corporate update hosted by Red Cloud Financial Services will be presented on February 10, 2025 at 2:00 pm ET, including a moderated Q&A session. A replay will be emailed to registrants and posted on the Red Cloud website. NexGold's assets include the Goliath Gold Complex in Northwestern Ontario, the Goldboro Gold Project in Nova Scotia, and the Niblack copper-gold-zinc-silver project in southeast Alaska.
CorporateNexGold Commences Next Phase of Diamond Drilling at the Goliath Gold Complex
Phase 2 diamond drilling of up to 13,000 metres has begun at the Goliath Gold Complex in Ontario, continuing the 25,000-metre multi-phase program announced August 7, 2024 that has covered Interlakes, C Zone and Far East. Drilling targets mineralization outside the current Mineral Resource, high-grade plunging shoots at the Goliath Deposit, and an area two kilometres southwest of the Goldlund Deposit. Geophysical and geochemical surveys on regional prospects across the 330 km2 property are planned in coming months.
Drill resultsNexGold Initiates Inaugural 25,000-Metre Diamond Drill Program and Plans an Updated Mineral Resource at the Goldboro Gold Project
Drilling has commenced at the Goldboro Deposit in Nova Scotia under a program of up to 25,000 metres, comprising a 15,000-metre Phase I and up to an additional 10,000 metres in Phase II, starting with one rig and adding two more over the next month. The infill drilling targets open pit areas to improve geological and grade continuity and potentially upgrade Inferred and Indicated Mineral Resources. Results will feed a planned 2025 Mineral Resource update, including 2023 and 2024 drilling at the western extension over 450 metres.
Drill resultsNexGold Provides Summary of its Transformative Year and Outlines Key Priorities for 2025
A review of 2024 milestones was provided, including the combination of Treasury Metals and Blackwolf to form NexGold, the acquisition of Signal Gold, a Benefits Agreement with the Assembly of Nova Scotia Mi'kmaw Chiefs, a 20-year Goldboro Mineral Lease, and financings of $6.4 million in July 2024 and $18.8 million in December 2024. Combined Measured and Indicated resources total 4.7 million gold ounces across the Goliath Gold Complex in Northwestern Ontario and Goldboro in Nova Scotia. 2025 priorities include up to 25,000 metres of drilling at Goldboro, a Goliath Feasibility Study in H1 2025, and Goldboro permitting.
Corporate
202422 releases
NexGold Announces Grant of Restricted Share Units
A total of 383,455 restricted share units have been issued to certain directors and officers of NexGold Mining Corp. under the Company's 2024 Omnibus Equity Incentive Plan. Certain RSUs vest one-third annually, with the remainder fully vesting on the first anniversary of the grant date, and the RSUs expire on December 31, 2027. Each vested RSU entitles the holder to one common share.
CorporateNexGold and Signal Gold Complete Business Combination
NexGold has completed its court-approved plan of arrangement acquiring all outstanding shares of Signal Gold, with former Signal shareholders receiving 0.1244 of a NexGold share per Signal share and approximately 31.9 million NexGold shares issued, leaving 142,246,958 shares outstanding. The combination brings together the Goliath Gold Complex in Northern Ontario and the Goldboro Gold Project in Nova Scotia. Signal Gold's approximately US$20.8 million Nebari facility and NexGold's US$6.2 million Extract Capital facility were repaid, replaced by a new US$12.0 million, 30-month Nebari facility at 11.4% interest, plus US$6.0 million paid by Nebari for a 0.6% NSR royalty on Goldboro.
AcquisitionSignal Gold Exercises Option and Upsizes Concurrent Financing, Confirms Conversion of Subscription Receipts and Updated Credit Facility Restructuring Terms
Signal Gold closed a second tranche of its concurrent subscription receipt financing on December 10, 2024, issuing 3,044,228 subscription receipts at $0.08705 for gross proceeds of $265,000.05, bringing the total to 123,120,068 subscription receipts for $10,717,601.92; the receipts have now converted into units. NexGold also finalized terms with Nebari to replace Signal Gold's approximately US$20.8 million facility and NexGold's US$6.2 million Extract Capital facility with a new US$12.0 million, 30-month facility at 11.4%, plus a 0.6% Goldboro NSR for US$6.0 million and a US$4.0 million equity placement at C$0.70 per share.
FinancingNexGold Intersects 6.3 metres of 50.81 g/t Au including 635 g/t Au over 0.5 Metres from Visible Gold Core Sample at the C Zone East
Drilling below the current mineral resource at the eastern C Zone of the Goliath deposit, part of the Goliath Gold Complex in Northwestern Ontario, returned 6.30 metres grading 50.81 g/t Au in hole TL24-678, including 117.95 g/t Au over 2.70 metres and 635 g/t Au over 0.50 metres at 607 metres depth. TL24-681, about 50 metres down dip, cut 3.43 g/t Au over 2.20 metres. The completed Interlakes program totalled 4,550 metres in 13 holes, intersecting 2.23 g/t Au over 1.50 metres in IL-24-10.
Drill resultsNexGold and Signal Gold Complete Upsized Concurrent Financing for $18.5 million
Concurrent private placements by NexGold and Signal Gold closed for aggregate gross proceeds of $18.5 million, carried out in connection with the proposed plan of arrangement under which NexGold will acquire all Signal shares. NexGold issued 10,106,250 flow-through units at $0.80 for $8,085,000, each with a half warrant exercisable at $1.05 for 24 months; Signal issued 120,075,840 subscription receipts at $0.08705 for $10,452,601.87, convertible on satisfaction of escrow release conditions, with an option for up to 6,003,792 more. A Sprott-sub-advised fund bought 2,500,000 FT Units for $2,000,000.
FinancingNexGold Intersects Visible Gold 70 metres below a previous result of 193 g/t over 1 metre showing extension to the C Zone East area at the Goliath Deposit
Drilling at the Goliath deposit, part of the Goliath Gold Complex in Northwestern Ontario, intersected visible gold in hole TL24-678 below the current mineral resource on the eastern end of the C Zone, approximately 70 metres down dip of hole TL20-520, which returned 1.35 g/t Au over 14.7 metres including 6.00 g/t Au over 2.0 metres, and 65.2 g/t Au over 3.0 metres including 193 g/t Au over 1.0 metre. The Interlakes drill program was completed with 4,550 metres in 13 drillholes, with results pending. Both form part of a 25,000-metre program begun in August.
Drill resultsNexGold and Signal Gold Announce Oversubscription and Upsizing of Concurrent Financing up to a Total of $17 million
The previously announced concurrent financing tied to NexGold's plan of arrangement to acquire Signal Gold has been oversubscribed and upsized to up to C$17 million, with an option to increase the hard dollar portion by a further 15%. Signal will now offer up to 103,388,857 subscription receipts at $0.08705 for up to $9 million, with an option for 15,508,328 more for $1,350,000, while NexGold offers up to 10,000,000 flow-through units at C$0.80 for up to $8 million. Both tranches are expected to close concurrently in early November 2024.
FinancingNexGold’s Spring Program Shows Significant New Gold Mineralization, Expands Exploration Programs at the Goliath Gold Complex
Channel sampling at the Fold Nose target on the Goliath Gold Complex in northwestern Ontario returned 7.13 g/t Au over 2.00 metres, including 15.70 g/t Au over 0.75 metres, and 3.18 g/t Au over 2.68 metres, including 7.53 g/t Au over 0.78 metres, with 13 of 175 channel samples exceeding 1 g/t Au and an average of 0.44 g/t Au. An expanded prospecting and soil geochemistry program has begun on the northeast Goldlund claim block and over the Miller strike extension, Cabin Bay and Miles targets, complementing a 25,000 metre drill program.
Drill resultsNexGold Commences Phase 1 of a 25,000-metre Expansion and Discovery Drilling Campaign at the Goliath Gold Complex
A 25,000-metre diamond drilling program has begun at the Goliath Gold Complex in northwestern Ontario, with Phase 1 including 4,000 metres at the Interlakes target between the Goliath and Goldlund deposits, which are 25 kilometres apart. Drilling is expected to run consistently for 9-12 months, later testing down-dip trends at Goliath, Goldlund and Miller. NexGold also engaged Capital Analytica for investor relations from August 6, 2024 for six months at $20,000 per month, totalling $120,000.
Drill resultsNexGold Mining and Wabigoon Lake Ojibway Nation Sign New Relationship Agreement for Goliath Gold Complex
A new Relationship Agreement has been signed with Wabigoon Lake Ojibway Nation covering the Goliath Gold Complex in Northwestern Ontario, replacing a 2011 Memorandum of Understanding between Tamaka Gold Corporation and WLON. Terms include compensation for historical exploration activities, capacity funding for engagement and permit application reviews, formation of a technical working group, education, training and mentorship opportunities, interim benefits from exploration, and negotiation of a life-of-mine agreement.
CorporateNexGold Mining Announces New OTCQX Ticker Symbol
Trading on the OTCQX Market will begin under the new symbol NXGCF, formerly TSRMF, at market open on August 5, 2024. The change follows the company's name change from Treasury Metals Inc. to NexGold Mining Corp. and the TSX Venture Exchange ticker change to NEXG, effective July 10, 2024. No action is required by shareholders regarding the ticker symbol changes.
CorporateNexGold Mining Announces Strategic Advisors and Equity Compensation Grants
Frank Giustra and Shawn Khunkhun have been appointed Strategic Advisors to NexGold Mining Corp. An aggregate of 1,500,000 stock options was granted to the two advisors under the Company's 2024 Omnibus Equity Incentive Plan, exercisable at $1.00 per common share, vesting one-third annually and expiring July 15, 2029. Following the grant, Giustra and related entities hold 6.24% of issued and outstanding shares and 10.52% partially diluted. Also, 1,335,000 restricted share units were granted to certain directors and officers, expiring December 31, 2027.
ManagementNexGold Mining Completes Name Change and Consolidation
Effective July 9, 2024, Treasury Metals Inc. changed its name to NexGold Mining Corp. and completed a one-for-four share consolidation, reducing issued and outstanding shares from 304,410,407 to approximately 76,102,374, subject to rounding. Shares trade under the symbol NEXG on the TSX Venture Exchange as of market open July 10, 2024. The Company also paid a success fee to Haywood Securities Inc. for advisory services on the Blackwolf Copper and Gold Ltd. transaction, partly by issuing 1,236,400 pre-consolidation shares at a deemed price of $0.2022 each, subject to TSXV approval.
CorporateTreasury Metals Confirms Closing of Tranche 2 of Private Placement, Continuance to British Columbia and Listing on TSXV, and Announces Name Change and Consolidation
Tranche 2 of the non-brokered private placement closed with 8,690,000 flow-through units at $0.23 per FT Unit for gross proceeds of C$1,998,700, bringing the total financing to 27,826,000 FT Units for C$6,399,980; each unit includes a warrant exercisable at $0.35 until July 2, 2027, and insiders took all of Tranche 2. The company completed its continuance from Ontario to British Columbia and began trading on the TSXV under TML, delisting from the TSX. A name change to NexGold Mining Corp. and a one-for-four share consolidation, reducing shares from 303,174,006 to about 75,793,273, take effect on or about July 9, 2024, with trading under NEXG on or about July 10, 2024.
FinancingTreasury Metals and Blackwolf Complete Business Combination and Tranche 1 of the Concurrent Financing
Treasury Metals has completed its court-approved plan of arrangement to acquire all outstanding shares of Blackwolf Copper and Gold, issuing 87,623,800 Treasury Shares at a ratio of 0.607 Treasury shares per Blackwolf share, leaving existing Treasury and former Blackwolf shareholders with roughly 68% and 32% respectively. Blackwolf shares will be delisted from the TSXV on July 4, 2024, with Treasury shares moving from the TSX to the TSXV on July 5, 2024.
AcquisitionTreasury Metals Announces Voting Results from its Annual and Special Meeting of Shareholders
Shareholders approved matters related to the plan of arrangement to acquire all common shares of Blackwolf Copper and Gold Ltd. at the annual and special meeting held June 26, 2024, including the issuance of up to 113,149,040 shares as consideration (99.50% in favour), issuance of up to 55,700,000 shares for a non-brokered private placement (99.51%), and continuance from Ontario into British Columbia (94.09%). A total of 77,138,926 shares, about 41.13% of outstanding shares, were voted. Blackwolf securityholders also approved the arrangement, with completion expected on or about July 3, 2024, subject to Supreme Court of British Columbia approval.
CorporateTreasury Metals Announces Filing of Annual and Special Meeting Materials in Connection with Proposed Arrangement
Meeting materials, including the management information circular, have been filed for Treasury Metals' annual and special shareholder meeting on June 26, 2024 at 1:00 p.m. Eastern in Toronto, with a May 21, 2024 record date and a June 24, 2024 proxy deadline. Shareholders will vote on the issuance of shares for the plan of arrangement with Blackwolf Copper and Gold Ltd., under which Blackwolf holders receive 0.607 of a Treasury share per Blackwolf share, plus a flow-through financing, continuance into British Columbia, director elections and equity incentive plans.
CorporateTreasury Metals and Blackwolf Announce Upsize to Concurrent Financing
The concurrent financing tied to Treasury Metals' combination with Blackwolf Copper and Gold has been upsized from $4 million to up to $6.4 million, comprising up to approximately 27.7 million flow-through units at $0.23 per unit, each with one flow-through share and one warrant exercisable at $0.35 for 36 months. Frank Giustra is the lead order at $2 million. Proceeds will fund Canadian exploration expenditures on Treasury's Ontario projects, renounced no later than December 31, 2024. First Mining Gold disposed of 4,539,000 Treasury shares on May 6, 2024, reducing its holding to 8.26%.
FinancingTreasury Metals and Blackwolf to Create New Growth-Focused North American Gold Platform
Treasury Metals and Blackwolf Copper and Gold signed a definitive arrangement agreement dated May 1, 2024 under which Treasury will acquire all Blackwolf shares at 0.607 of a Treasury share per Blackwolf share, leaving Treasury and Blackwolf holders with roughly 68.3% and 31.7%. The combined company will hold the Goliath Gold Complex in Ontario and the Niblack copper-gold project in Alaska, with over C$10 million cash plus a minimum C$4 million flow-through placement at $0.23 per unit. Closing is expected in Q3 2024, followed by a one-for-four share consolidation.
AcquisitionTreasury Metals Announces Filing of 2023 Annual Disclosure Documents and Provides a Corporate Update
Annual financial statements, MD&A and annual information form for the year ended December 31, 2023 have been filed on SEDAR+. 2023 highlights included a prefeasibility study for the Goliath Gold Complex in Northwestern Ontario showing a post-tax unlevered NPV of $336 million at a 5% discount rate and a post-tax unlevered IRR of 25.4%, two non-brokered private placements raising over $5.5 million, and a convertible debt amendment extending maturity to June 30, 2026 at 9.75% per annum. Frazer Bourchier resigned from the Board effective March 21, 2024.
CorporateTreasury Metals Announces Results from Drilling on Far East Target at the Goliath Gold Complex
Drilling at the Far East target on the Goliath Gold Complex in Northwestern Ontario returned 42.9 metres grading 0.54 g/t Au and 14.66 g/t Ag in TL23-663, including 1.0 metre at 4.64 g/t Au and 191.00 g/t Ag; TL23-664 returned 39.3 metres at 0.64 g/t Au and 5.72 g/t Ag, and TL22-644 returned 5.7 metres at 2.25 g/t Au. The two-phase program comprised 20 holes (5,427 metres) and 14 holes (3,078 metres), extending the mineralized trend to approximately 1 kilometre, located about 8 kilometres from the proposed processing plant.
Drill results
202313 releases
Treasury Metals Announces Closing of Private Placement Financing
A non-brokered private placement closed for gross proceeds of approximately $4.145 million through the issuance of 29.6 million units at $0.14 per unit, each unit comprising one common share and one-quarter warrant exercisable at $0.21 for 60 months. Directors and officers acquired 1,525,000 units for $213,500 on the same terms. Proceeds will fund permitting, community consultations and technical studies at the Goliath Gold Complex in Northwestern Ontario, plus working capital. Final TSX approval is pending.
FinancingTreasury Metals Announces Upsize To Previously Announced Non‑Brokered Private Placement For Up To $4.15 Million
A previously announced non-brokered private placement has been upsized to gross proceeds of up to $4.15 million, consisting of up to 29,642,858 units at $0.14 per unit, each with one common share and one-quarter warrant exercisable at $0.21 for 60 months after closing. Proceeds will fund permitting, community consultations and technical studies at the Goliath Gold Complex in Northwestern Ontario, plus working capital and general corporate purposes. Closing is expected on or about December 14, 2023, with insider participation anticipated.
FinancingTreasury Metals Announces Non-Brokered Private Placement For Up To $4 Million To Advance Goliath Gold Complex
A non-brokered private placement of up to 28.6 million units at $0.14 per unit for gross proceeds of up to $4 million was proposed by Treasury Metals. Each unit includes one common share and one-half warrant exercisable at $0.25 for 36 months after closing, expected on or about December 14, 2023. Proceeds will fund permitting, community consultations and technical studies at the Goliath Gold Complex in Northwestern Ontario, plus working capital. Insiders may participate, making it a related party transaction.
FinancingTreasury Metals Appoints New Chair of the Board
James (Jim) Gowans has been appointed Chair of the Board of Treasury Metals Inc., succeeding David Whittle, who resigned as a Director. Treasury's Goliath Gold Complex, comprising the Goliath, Goldlund and Miller deposits, is located in Northwestern Ontario across a 330 sq km land package.
ManagementTreasury Metals Announces Board Changes and Voting Results from its 2023 Annual Meeting of Shareholders
Michele Ashby and James (Jim) Gowans were added as independent directors at Treasury Metals' 2023 annual meeting, while William Fisher and Flora Wood did not stand for re-election as part of the Board Renewal process. All eight nominees in the May 12, 2023 management information circular were elected, with support ranging from 87.558% to 99.748%. A total of 54,951,811 common shares, about 38.49% of outstanding shares, were voted, and RSM Canada LLP was reappointed as auditors with 99.851% support.
ManagementTreasury Metals Announces Additional Exploration Results at Fold Nose Target and Update on Summer Field Program
Drilling at the Fold Nose target on the Goliath Gold Complex in Northwestern Ontario returned 1.03 g/t Au over 27.00 metres from 6.0 metres downhole in TL22-641, including 1.50 metres at 4.76 g/t and 1.50 metres at 5.60 g/t, while TL22-637 cut 0.42 g/t over 38.50 metres and 0.61 g/t over 21.00 metres. The fall 2022 program included seven holes (2,802 m) at the Fold Nose hinge, four holes (1,897 m) on the east limb and four holes (1,445 m) at South Ridge. A 48.9 line-kilometre 3D induced polarization survey has been completed and the 2023 summer prospecting and mapping program is underway.
Drill resultsTreasury Metals Announces Amendment and Extension of Convertible Debenture
The maturity date of Treasury Metals' convertible term loan has been extended to June 30, 2026 from June 30, 2023, with the interest rate fixed and reduced to 9.75% from a floating LIBOR + 6.5%, under an amendment completed with lender's agent Extract Advisors LLC. The loan remains convertible at C$0.96 per common share, and Treasury will issue approximately 8.2 million warrants exercisable for three years at $0.441, a 50% premium to the 20-day VWAP as at May 31, 2023. The amendment also allows subordination or cash prepayment of the loan to facilitate project financing.
FinancingTreasury Metals Announces Closing of Private Placement Financing
A non-brokered private placement closed with gross proceeds of approximately $1.41 million from the issuance of 3.11 million flow-through common shares at $0.452 per share. Proceeds will fund exploration programs qualifying as Canadian exploration expenses, with the expenditures renounced to subscribers effective no later than December 31, 2023. The securities are subject to a four-month and one day hold period and remain subject to Toronto Stock Exchange approval.
FinancingTreasury Metals Announces New Board of Director Nominees
Michele Ashby and James (Jim) Gowans have been nominated as new directors of Treasury Metals, while long-tenured directors William Fisher and Flora Wood are not standing for re-election. The company filed its notice of annual general meeting, management information circular and related documents, with the Annual Meeting to be held virtually on June 28, 2023 at 11:00 a.m. Eastern Time. Shareholders of record as of May 12, 2023 may vote, with a proxy deadline of 11:00 a.m. Eastern Time on June 26, 2023.
ManagementTreasury Metals Announces Proposed Flow-Through Private Placement Offering for $1.41 Million
A non-brokered private placement of approximately 3.12 million flow-through common shares at $0.452 per share for gross proceeds of roughly $1.41 million is proposed. Proceeds will fund eligible Canadian exploration expenses qualifying as flow-through mining expenditures and eligible Ontario exploration expenditures on the Company's projects, renounced to subscribers effective no later than December 31, 2023. Closing is expected on or about June 1, 2023, subject to Toronto Stock Exchange and regulatory approvals, with a four-month and one day hold period.
FinancingTreasury Metals Files PFS Technical Report for Goliath Gold Complex
The NI 43-101 prefeasibility study technical report for the Goliath Gold Complex in Northwestern Ontario has been filed on SEDAR, prepared by Ausenco Engineering Canada Inc., dated March 27, 2023 with an effective date of February 22, 2023. During final validation, Goliath Gold Complex Total Probable Tonnes were adjusted from 25,574,000 tonnes, as disclosed in the February 22, 2023 news release, to 25,754,000 tonnes. The complex includes the Goliath, Goldlund and Miller deposits.
Study resultsTreasury Metals Completes Pre-Feasibility Study for Goliath Gold Complex
Pre-feasibility study results for the 100%-owned Goliath Gold Complex in northwestern Ontario show a post-tax NPV (5%) of $336 million and 25.4% IRR at US$1,750/oz gold, rising to $425 million NPV and 30.1% IRR at spot prices, with initial capital of $335 million and a 2.8-year payback. An initial proven and probable mineral reserve of 1.3 million ounces gold (30.3 million tonnes at 1.3 g/t Au) supports 13 years of mining, averaging 90,000 ounces annually at AISC of US$1,072/oz. Optimization work will precede a feasibility study.
Study resultsSurface grab sample returns 6.75 g/t gold on Treasury Metals’ Goldrock Property
A surface grab sample of quartz veining in mafic volcanic rock returned 6.75 g/t gold from the 2022 summer prospecting and mapping program at Treasury Metals' 100%-owned Goldrock property, about 30 km south of Dryden, Ontario. More than 60 grab samples were collected, with five grading over 0.16 g/t gold, located on the regional fold axis and near shear structures and lithology contacts. An airborne electromagnetic and magnetic survey flown in late fall 2022 is being interpreted by Axiom Group to plan 2023 exploration.
Drill results
202211 releases
Treasury Metals Announces Exploration Results at Goldlund and Caracal
Drilling on two exploration targets at the Goldlund property in Northwestern Ontario returned gold intercepts, including hole GL-21-108 with 3.92 g/t Au over 16.0 metres from 5.2 to 21.2 metres, including 22.20 g/t Au over 1.6 metres, and hole GL-21-107 with 0.96 g/t Au over 21.0 metres, including 11.60 g/t Au over 1.0 metre. At the Caracal target, hole CC-22-004 returned 6.71 g/t Au over 1.0 metre and CC-22-002 returned 0.46 g/t Au over 8.5 metres. The programs comprised seven TTG holes (1,458 metres) and four Caracal holes (1,380 metres).
Drill resultsTreasury Metals Announces Exploration Program at Goldrock Property
A prospecting and mapping program has been completed at the 100%-owned Goldrock Property, about 30 km south of Dryden, Northwestern Ontario, and roughly 40 km southwest of the Goliath Gold Complex. Sixty-two samples were collected for gold and 4-acid near total digestion ICP analysis, with representative samples to undergo whole-rock geochemistry; crews noted up to metre-wide quartz veining with pyrite in volcanic rocks. An airborne electromagnetic and magnetic survey using the NRG Xcite TDEM system begins late September, followed by regional geological interpretation.
Drill resultsTreasury Metals Announces Board Changes and Voting Results from its 2022 Annual Meeting of Shareholders
Margot Naudie and Paul McRae were elected as independent directors of Treasury Metals at the 2022 Annual General Meeting held June 28, 2022, while Marc Henderson and Daniel Wilton did not stand for re-election. David Whittle, a director since August 2020, was appointed Chair of the Board effective June 28, 2022, replacing William Fisher, who remains a director. A total of 70,003,871 common shares were voted, about 50.71% of outstanding shares, and RSM Canada LLP was reappointed auditors with 91.50% for.
ManagementTreasury Metals Reminds Shareholders of Voting Deadline for the Upcoming Annual General Meeting of Shareholders
Treasury Metals' Annual General Meeting will be held virtually on June 28, 2022 at 11:00 a.m. Eastern Time, with a proxy voting deadline of June 24, 2022 at 11:00 a.m. Eastern Time. Shareholders will vote on the election of directors and appointment of auditors. Director nominees include new nominees Margot Naudie and Paul McRae, alongside incumbents William Fisher, Frazer Bourchier, Christophe Vereecke, David Whittle, Flora Wood and Jeremy Wyeth. The meeting record date was May 2, 2022.
CorporateTreasury Metals Extends Mineralization to 600m Along Strike at Far East Target
Drilling at the Far East target on the Goliath Gold Complex in Northwestern Ontario has traced mineralization about 600 metres along strike, open in all directions. Hole TL22-621 returned 19.8 metres grading 0.70 g/t Au from 184.0 metres, including 8.1 metres at 1.21 g/t Au, and TL22-617 cut 15.55 metres at 0.48 g/t Au from 55.0 metres. Seven of eight holes from the 2,330-metre spring 2022 program were reported, with drilling to resume in coming weeks.
Drill resultsTreasury Metals Announces Filing of Annual Meeting Materials
Notice of annual meeting, management information circular and related materials have been filed with securities regulators. The virtual Annual Meeting of Shareholders will be held June 28, 2022 at 11:00 a.m. Eastern Time, with a record date of May 2, 2022 and a proxy voting deadline of June 24, 2022 at 11:00 a.m. Eastern Time. Directors Marc Henderson and Daniel Wilton will not stand for re-election; Margot Naudie and Paul McRae are new director nominees.
CorporateTreasury Metals Announces High Grade Results at Far East Target at the Goliath Gold Complex
Drilling at the Far East target on the Goliath Gold Complex in Northwestern Ontario returned 9.0 metres grading 16.90 g/t Au from 148.5 to 157.5 metres in hole TL22-616, including 0.3 metres at 502.00 g/t Au with visible gold. Silver results included 24.2 metres at 11.6 g/t Ag in TL21-569 and 6.2 metres at 13.5 g/t Ag in TL21-572. Eight holes (3,200 metres) at South Syncline found Goliath-style host rock but only anomalous gold, with TL22-612 returning 2.8 metres at 1.08 g/t Au. A second drill rig is planned.
Drill resultsTreasury Metals Announces Exploration Results at the Fold Nose Target at the Goliath Gold Complex
Drilling at the Fold Nose target on the Goliath property, part of the Goliath Gold Complex in Northwestern Ontario, returned 10.98 g/t Au over 10.5 metres from 210.0 to 220.5 metres downhole in hole TL21-579A, including 74.00 g/t Au over 1.5 metres. The ten-hole, 2,868-metre 2021 program identified vein-hosted, lode-gold style mineralization new to Goliath. Mira Geoscience has been engaged for geophysics reprocessing, 3D inversion and geological modelling of the Fold Nose area.
Drill resultsTreasury Metals Announces Updated Mineral Resource Estimate at Goliath Gold Complex
An updated mineral resource estimate for the Goliath Gold Complex in northwestern Ontario, covering the Goliath, Goldlund and Miller deposits, raised combined Measured and Indicated resources 9% to 2,138,600 oz gold (67,711,000 tonnes at 0.98 g/t) and Inferred resources 48% to 782,800 oz (32,571,000 tonnes at 0.75 g/t), effective January 17, 2022. The estimate is based on 3,185 drill holes totalling 540,329 metres, including 176 new holes and 41,072 metres, and will form the basis for a pre-feasibility study expected in the second half of 2022.
Resource updateTreasury Metals Announces Closing of US$20 Million Royalty Financing With Sprott Resource Streaming and Royalty
A US$20 million royalty financing with an affiliate of Sprott Resource Streaming and Royalty Corp. has closed, under which Sprott paid Treasury Metals US$20 million (approximately C$25 million) for a 2.2% net smelter returns royalty covering all minerals produced from the 100%-owned Goliath Gold Complex in Northwestern Ontario for the life of the project. Proceeds will fund economic studies, permitting, consultations and corporate G&A to advance the project to a construction decision.
FinancingTreasury Metals Announces Second New Discovery at the Goliath Gold Complex
Drilling at the Caracal target on the Goldlund property, part of the Goliath Gold Complex in Northwestern Ontario, returned 1.04 g/t Au over 28.4 metres in CC-21-006, including 2.70 g/t Au over 7.0 metres, with 4.44 g/t Au and 9.14 g/t Au over 1.0 metre each, plus 7.12 g/t Au over 1.0 metre. CC-21-009 returned 0.48 g/t Au over 7.0 metres and 3.84 g/t Au over 1.0 metre. Results cover five holes totalling 1,343 metres over a 350-metre strike length; follow-up drilling is planned in 2022.
Drill results