NexGold Intersects 9.30 g/t Gold Over 11.0 Metres and 2.31 g/t Gold Over 21.5 Metres at the Goldlund Deposit, Ontario
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NEWS RELEASE TSXV: NEXG; OTCQX: NXGCF February 25, 2026
NexGold Intersects 9.30 g/t Gold Over 11.0 Metres and 2.31
g/t Gold Over 21.5 Metres at the Goldlund Deposit, Ontario
TORONTO, February 25, 2026 – NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold”
or the “Company”) is pleased to provide additional results from the recently-announced diamond drilling
program, which comprises up to 25,000 metres at the Goliath Gold Complex (comprised of the Goliath,
Goldlund and Miller Deposits). The drill program is focused on the Goldlund Deposit, with holes designed
to infill and potentially expand open pit mineral resources . The results presented in this news release
include 1,883 metres of diamond drilling in five drill holes (GL-25-009 to GL-25-011, GL-25-013 and GL-
25-014) that specifically infill mineralization areas located within, or near the base of, the open pit Mineral
Resource and generally within the current Inferred category within Zone 4 mineralization (Figure 1;
Table 2).
Selected drill intercepts from diamond drill holes at the Goldlund Deposit in this news release are further
detailed in Table 1 and include:
• 9.30 g/t gold over 11.0 metres (from 232.0 to 243.0 metres), including 64.10 g/t gold over 0. 9
metres and 39.70 g/t gold over 1.0 metres in drill hole GL-25-010;
• 2.31 g/t gold over 21.5 metres (from 238.6 to 260.1 metres), including 30.10 g/t gold over 0.7
metres, 24.5 g/t gold over 0.5 metres and 7.64 g/t gold over 0.9 metres in drill hole GL-25-011;
• 1.18 g/t gold over 33.5 metres (from 183.5 to 217.0 metres), including 18.00 g/t gold over 1.0
metres and 7.99 g/t gold over 1.0 metres; additionally, 62.30 g/t gold was intersected over 1.0
metres (from 226.0 to 227.0 metres), in drill hole GL-25-009;
• 2.34 g/t gold over 10.2 metres (from 199.3 to 209.5 metres) , including 15.8 g/t gold over 0.7
metres and 5.08 g/t gold over 0.8 metres in drill hole GL-25-013; and
• 1.03 g/t gold over 16.5 metres (from 350.5 to 367.0 metres), including 5.25 g/t gold over 0.8
metres and 4.34 g/t gold over 2.0 metres in drill hole GL -25-014; additionally 28.9 g/t gold was
intersected over 1.5 metres (from 129.5 to 131.0 metres) in the same drill hole.
Kevin Bullock, President and CEO of NexGold, commented: “These additional drill results from the infill
drill program at Goldlund demonstrate a strong tenor of gold mineralization at deeper levels of a planned
open pit for the Goldlund Deposit and strengthen our belief that mineralization does have strong continuity
at depth. The results of the drill program will be used on an ongoing basis to support our efforts to optimize
the Goliath Gold Complex, including the Goldlund Deposit. As we continue to drill at the deeper levels of
the open pit mineral resource, we are also gathering information to test the continuity of mineralization—
especially high- grade mineralization—at depths consistent with underground mining. To date,
mineralization remains open along strike and at depth, which provides opportunity for follow up targets
and potential expansion of the mineral resource in these areas in the future.”
Mineralization at the Goldlund Deposit is generally characterized by quartz stockwork veining within sub-
vertical granodiorite sills. Zone 4 at the Goldlund Deposit is characterized by wide intervals of mineralized
intermediate-mafic volcanic rocks with multiple porphyry and granodiorite intrusions. The holes in this
news release provide additional support for the grade continuity of Zone 4 and will assist in improving the
geological model and upgrade Mineral Resource confidence in future mineral resource estimates.
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Figure 1: Plan map showing the location of the Goldlund Zone 4 infill drillholes
Table 1: Highlighted drill intercepts from drill holes in this news release
Drill Hole ID Target/Zone From (m) To (m) Interval (m) Au g/t
GL-25-009 Zone 4 183.5 217.0 33.5 1.18
Including 183.5 184.5 1.0 7.99
and including 215.0 216.0 1.0 18.00
GL-25-009 Zone 4 226.0 227.0 1.0 62.30
GL-25-009 Zone 4 283.0 287.5 4.5 1.37
Including 283.0 284.0 1.0 2.44
and including 286.0 286.8 0.8 3.73
GL-25-009 Zone 4 303.0 308.0 5.0 1.03
Including 303.0 304.0 1.0 3.55
GL-25-010 Zone 4 232.0 243.0 11.0 9.30
Including 232.0 233.0 1.0 39.70
and including 236.6 237.5 0.9 64.10
GL-25-011 Zone 4 238.6 260.1 21.5 2.31
Including 244.9 245.4 0.5 24.50
and including 246.5 247.4 0.9 7.64
and including 249.8 250.5 0.7 30.10
GL-25-013 Zone 4 199.3 209.5 10.2 2.34
Including 199.3 200.0 0.7 15.80
and including 207.9 208.7 0.8 5.08
GL-25-014 Zone 50 129.5 131.0 1.5 28.90
GL-25-014 Zone 4 261.0 266.0 5.0 0.78
Including 263.0 264.0 1.0 2.44
GL-25-014 Zone 4 280.1 294.0 13.9 1.03
Including 292.0 293.0 1.0 11.20
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Drill Hole ID Target/Zone From (m) To (m) Interval (m) Au g/t
GL-25-014 Zone 4 350.5 367.0 16.5 1.03
Including 354.5 355.3 0.8 5.25
and including 358.0 360.0 2.0 4.34
Notes:
1. Reported intervals are drilled core lengths and do not indicate true widths. True widths vary from 50 to 70% of
the interval length.
2. For duplicate samples, the original sample assays are used to calculate the intersection grade. All grades are
uncapped.
Table 2: Locations and orientations of drill holes in the news release
Drill Hole ID Easting Northing Elevation (m) Length (m) Azimuth Inclination
GL-25-009 546805 5527680 419 402 120 -49
GL-25-010 547178 5527787 425 327 118 -51
GL-25-011 547344 5527906 412 351 122 -47
GL-25-013 547392 5527898 415 276 121 -45
GL-25-014 546699 5527637 413 477 135 -58
Note: Drill hole locations reported as Universal Transverse Mercator NAD83 Zone 15N coordinates
QA / QC
The Company has implemented a quality assurance and quality control (QA/QC) program to ensure
sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best
Practices Guidelines. The drill core is cut in half with one-half of the core sample dispatched to Activation
Laboratories Ltd. facility located in Dryden, Ontario. The other half of the core is retained for future assay
verification and/or metallurgical testing. Other QA/QC procedures include the insertion of blanks and
Canadian Reference Standards for every tenth sample in the sample stream. A quarter core duplicate is
assayed every 20th sample. The laboratory has its own QA/QC protocols running standards and blanks
with duplicate samples in each batch stream. Additional checks are routinely run on anomalous values
including gravimetric analysis and pulp metallic screen fire assays. Gold analysis is conducted by lead
collection, fire assay with atomic absorption, and/or gravimetric finish on a 50- gram sample. Check
assays are conducted at a secondary ISO certified laboratory (in this case AGAT Laboratories located in
Mississauga, Ontario) following the completion of a program.
Qualified Person
Paul McNeill, P.Geo., VP Exploration of NexGold, is considered a “Qualified Person” for the purposes of
National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved
the scientific and technical disclosure contained in this news release on behalf of NexGold.
About NexGold Mining Corp.
NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. NexGold’s Goldboro Gold Project is located
in Nova Scotia. The Goliath Gold Complex (which includes the Goliath, Goldlund and Miller deposits) is located in Northwestern
Ontario. NexGold also owns several other projects throughout Canada, including the W eebigee-Sandy Lake Gold Project JV,
and grassroots gold exploration property Gold Rock. In addition, NexGold holds a 100% interest in the high-grade Niblack
copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska. NexGold is committed to inclusive,
informed and meaningful dialogue with regional communities and Indigenous Nations throughout the life of all our Projects and
on all aspects, including creating sustainable economic opportunities, providing safe workplaces, enhancing of social value, and
promoting community wellbeing.
Further details about NexGold, including a Feasibility Study for the Goldboro Gold Project and a Prefeasibility Study for the
Goliath Gold Complex, are available under the Company’s issuer profile on www.sedarplus.ca and on NexGold’s website at
www.nexgold.com.
Contact:
Kevin Bullock
President & CEO
(647) 388-1842
Orin Baranowsky
Chief Financial Officer
(647) 697-2625
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Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Information
This news release contains or incorporates by reference “forward- looking information” within the meaning of applicable Canadian securities
legislation and “forward-looking statements” within the meaning of applicable U.S. securities laws. Except for statements of historical fact relating
to the Company, certain information contained herein constitutes forward-looking information including, but not limited: to information as to the
Company’s strategic objectives and plans; timing and results of drilling activities; potential for upgrading mineral resources; expected initiatives
to be undertaken by management of the Company in identifying exploration opportunities; and timing of advancement and completion of technical
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Forward-looking information involve known or unknown risks, uncertainties and other factors, which may cause the actual results, performance
or achievements of the Company to be materially different from those projected by such forward- looking statements. Such factors include,
among others: the plan for, and actual results of, current exploration activities; expectations relating to future exploration, development and
production activities as well as growth potential for NexGold’s operations; risks relating to the ability of exploration activities (including drill results)
to accurately predict mineralization; reliance on third-parties, including governmental entities, for mining activities; the ability of NexGold to
complete further exploration activities, including drilling at the Goliath Gold Complex and Goldboro deposits; the ability of the Company to obtain
required approvals; the results of exploration activities; risks relating to mining activities; delays or changes in plans with respect to exploration
or development projects or capital expenditures; the uncertainty of mineral resources, production and cost estimates; health, safety and
environmental risks; worldwide demand for gold and base metals; gold price and other commodity price and exchange rat e fluctuations;
environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external
sources; changes in legislation, including but not limited to tax laws, royalties and environmental regulations; and those factors described in the
Management’s Discussion and Analysis for the year ended December 31, 2024 of the Company and in the Company’s most recent disclosure
documents filed under its SEDAR+ profile at www.sedarplus.ca. Although management of the Company has attempted to identify important
factors that could cause actual actions, events or results to differ materially from those described in forward- looking information, there may be
other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information.
Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein
is presented to assist shareholders in understanding the Company’s the Company’s plans and objectives and may not be appropriate for other
purposes. The Company does not undertake to update any forward-looking information contained herein, except in accordance with applicable
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