07:43 AM EST, 01/28/2026 (MT Newswires) -- NeXGold Mining ( NXGCF ) said Wednesday that it has begun diamond drilling at the Goliath Gold Complex in Ontario.

The drill program, of up to 25,000 meters, is focused on the Goldlund Deposit and is designed to infill and potentially expand open-pit mineral resources.

The Goliath Complex, which is comprised of the Goliath, Goldlund and Miller Deposits, includes proven & probable mineral reserves of 1.27 million ounces of gold and 1.7 million ounces of silver (30.3 million tons at a grade of 1.30 g/t gold and 1.77 g/t silver), including probable reserves of 621,000 ounces of gold (16.3 million tons at a grade of 1.19 g/t gold) at Goldlund, a statement added.

"We expect 2026 will be a transformational year for NexGold as we advance toward a final investment decision at the permitted open pit Goldboro Gold Project in Nova Scotia. While that work progresses, we will continue our focus on creating value for shareholders, stakeholders and rightsholders, which includes the opportunity to optimize the Goliath Complex in Ontario," said Kevin Bullock, chief executive officer.