08:19 AM EDT, 08/22/2024 (MT Newswires) -- NexGold Mining ( NXGCF ) , which fell 2.9% yesterday, on Thursday said it has begun an expanded exploration program, including soil geochemistry and prospecting and mapping programs at its Goliath Gold Complex in northwestern Ontario. It added the expanded programs will also target the northeast end of the Goldlund claim block, which has seen "limited" exploration.

Highlights from Fold Nose, at the Goliath complex, include 7.13 g/t gold over 2 metres including 15.70 g/t gold over 0.75 metres. On surface, 13 channel samples returned greater than 1 g/t gold, NexGold said. The results were from a May exploration program.

"Showing continued gold mineralization on surface are indicators of a much larger system of mineralization," said Morgan Lekstrom, President of NexGold. "This is a positive step as we set out on our 25,000-meter drill program to expand in current areas and make new discoveries in areas like these. We are expanding our exploration program to investigate the northeast end of the Goldlund claim package, which is a very underexplored area. Newly collected data from this program in addition to our geophysical signatures will help outline more and more drill targets."