08:40 AM EDT, 06/19/2025 (MT Newswires) -- NexGold Mining ( NXGCF ) on Thursday provided an update on its ongoing 25,000-metre diamond drill program, initially announced on January 22, at its Goldboro Gold Project in Nova Scotia.

A company statement noted that 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 company said that the drilling is "progressing well" with two active diamond drills and is anticipated to be completed at the end of the second quarter with final assays flowing in through the middle of the third quarter.

The company stated that the drill program continues to intersect additional gold mineralization in areas where no mineralization was previously known or predicted.

The company announced selected drill intersections from 11 diamond drill holes, including an intersection of 1.60 grams per tonne (g/t) gold over 36.80 metres in drill hole BR-25-504.

A statement noted that any impact due to additional assay data gathered during the drill program will be investigated during the forthcoming mineral resource estimate planned during the second half of 2025.

"With the 25,000-metre diamond drill program nearly complete and as we continue to receive assay data, we are encouraged by the results and their potential to positively impact the planned Mineral Resource update by providing more confidence through increased data density in certain areas of the deposit and the potential to add more mineralization in previously under-sampled intervals," said NexGold Mining's ( NXGCF ) President and Chief Executive Kevin Bullock. "Populating the Mineral Resource with additional geological and assay data will provide the basis of the planned Feasibility Study update."