12:21 PM EST, 01/15/2025 (MT Newswires) -- NeXGold Mining ( NXGCF ) on Wednesday said it plans to continue advancing its Goldboro and Goliath gold projects in 2025.

The company said it plans to continue infill drilling at its Goldboro project in Nova Scotia, planning a 25,000-meter program as it readies an Updated Mineral Resource and Feasibility Study for the site.

At its Goliath project in northern Ontario, NeXGold is also carrying out a 25,000-meter drilling campaign, with a feasibility study for the site expected by the end of June.

It also said it will advance pre-construction programs at both the Goliath and Goldboro projects ahead of a project finance decision, while holding financing discussions with third-party financiers

The company's shares was last seen up $0.01 to $0.70 on the TSX Venture Exchange.

Price: 0.70, Change: +0.01, Percent Change: +1.45