09:07 AM EDT, 08/20/2025 (MT Newswires) -- NeXGold Mining ( NXGCF ) , which lost more than 7% yesterday, provided Wednesday drill results for the final 14 infill diamond drill holes, from a recently-completed 26,854-metre diamond drill program at its Goldboro Open Pit Gold Project in Nova Scotia.

The company on Wednesday, said the drill program which was "primarily designed to infill specific areas of the open pit mineral resource", demonstrated the presence of mineralization that is consistent with previous drill results in the proposed west and east pits. It said the existing geological model appears to broadly predict the location of gold mineralization with local adjustments to the model where mineralization is either not in the exact positions predicted by the model or if no mineralization is intersected.

NexGold said mineralized solids within the mineral resource model will be adjusted where necessary and any impact due to additional assay data gathered during the drill program will be investigated during the forthcoming updated mineral resource estimate planned for the second half of 2025.

"With the final results from this program now in hand, the company continues with its ongoing work on the Goldboro Mineral Resource and mine planning," said NexGold Chief Executive Kevin Bullock. "We anticipate completing an updated Mineral Resource Estimate within the next few months which will be used as the basis for an updated Feasibility Study, which will commence shortly."