Nexgold Mining Corp. Receives Cabinet Approval for the Crown Land Lease At the Goldboro Gold Project

Published: 2025-05-22 08:20:34 ET NEXG.V

Published on 05/22/2025 at 08:20

NexGold Mining Corp. announced that the Crown Land Lease and License for the Goldboro Gold Project has been approved by Cabinet and is being granted by the Government of Nova Scotia. The Crown Land Lease and License is an integral step towards the development of the Project and will allow for the potential for infrastructure development on the lands for which it covers, and gives the Company the ability to build and operate an open pit mine, with the associated processing, tailings management and other associate infrastructure (waste rock storage, overburden storage, etc).

The lease covers an area of 779 hectares and the License covers an additional 97 hectares of Crown land. The Lease includes a land package that covers both the deposit and critical infrastructure for mine development, allowing final permitting to progress. NexGold's Goliath Gold Complex (which includes the Goliath, Goldlund and Miller deposits) is located in Northwestern Ontario and its Goldboro Gold Project is located in Nova Scotia.

NexGold also owns several other projects throughout Canada, including the Weebigee-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 Projects and on all aspects, including creating sustainable economic opportunities, providing safe workplaces, enhancing of social value, and promoting community wellbeing.