NexGold Mining Corp. reported three headline intercepts from the Goldlund Deposit on August 25, 2026: 84.30 g/t Au over 1.0 metre, 4.80 g/t Au over 5.6 metres, and 3.08 g/t Au over 17.0 metres. All three came from 11 drill holes (GL-26-020 to GL-26-030B) totalling 4,686 metres, designed to infill and test the extension of mineralization within Zone 4 near the northeastern part of the open pit Mineral Resource at the Goldlund Deposit near Dryden, Ontario, per the company's August 25, 2026 news release on GlobeNewswire.
NexGold's February 2, 2026 release from the same general Zone 4 area included 104 g/t Au over 0.50 metres and 71.69 g/t Au over 0.8 metres. The August 25 program returned 84.30 g/t Au over 1.0 metre alongside the two additional intercepts above, from a zone the company describes as characterized by wide intervals of mineralized intermediate-mafic volcanic rocks with multiple porphyry and granodiorite intrusions.
NexGold had originally budgeted 25,000 metres of diamond drilling. That initial program is now complete. Based on results received and what the company's August 25 release describes as continued exploration potential, management has elected to expand to approximately 35,000 metres.
President, CEO and Director Kevin Bullock attributed the decision to what the drill core is showing: "The latest results coming from our diamond drilling program at the Goldlund Deposit continue to demonstrate continuity of mineralization within Zone 4 and provide geological and grade information at depth."
The Goldlund Deposit sits within NexGold's 100%-owned Goliath Gold Complex, an advanced-stage asset that also includes the Goliath and Miller Deposits near Dryden, Ontario. NexGold's shares have traded between $0.71 and $2.40 CAD over the past year, per available market data. The most recent confirmed share price was $1.18 CAD, with 255,037,666 shares outstanding and a reported market capitalisation of $313.70 million CAD. As of August 20, 2026, the stock had risen in five of the prior ten sessions and was up 11.54% over the preceding two weeks, with 925,000 shares traded for approximately $1.34 million on that day.
Spot gold was quoted at $4,608 USD per ounce as of 6:30 a.m. ET on August 28, up $19 from the prior day, per Fortune. Silver was quoted at $65.59 USD per ounce, up 1.26% on August 28, per Rio Times Online's August 28 global economy briefing. The S&P/TSX Venture Composite closed at 1,010.93, up 17.00 points or 1.71%, per Investing.com historical data.
NexGold has not published its current cash position in the available source material for this article. Investors evaluating the expanded 35,000-metre program against the balance sheet will need to consult the company's most recent filings on SEDAR.
Per the August 25 release, the expanded program continues at Goldlund Zone 4, with results from additional holes in the GL-26 series pending. The company has not stated a completion date for the expanded 35,000-metre program.