en.Wedoany.com Reported - NexGold is progressing as planned with key development activities for its Goldboro gold project in Canada, including mineral resource updates, technical studies, mining planning, and engineering procurement.
The company stated that all activities are proceeding according to the established timeline, covering mineral resource estimate updates, technical studies, mining planning, engineering, procurement, preliminary earthworks, and various tasks required to support future construction decisions. NexGold emphasized that Goldboro is one of the most advanced gold projects in its portfolio and a key component of its growth strategy.
In terms of technical studies, the company is currently conducting a mineral resource estimate update to support an updated feasibility study, while continuing operational and planning activities. Kevin Bullock, Chairman, CEO, and Director of NexGold, highlighted the progress made on the project. The team continues to execute work at Goldboro, focusing on the mineral resource estimate update to support the updated feasibility study, as well as mining planning, procurement, engineering, preliminary earthworks, key personnel recruitment, ongoing community engagement, and exploration activities. The company plans to provide regular updates as it advances toward a potential construction decision, which is currently expected by the end of the third quarter of 2026.
NexGold noted that Goldboro is one of the few gold projects with advanced permitting and readiness for future development phases, reinforcing its importance in the company's strategy. Kevin Bullock stated that permitted and ready-to-launch Canadian gold projects like Goldboro are extremely rare, and the company understands the uniqueness of this opportunity and the importance of doing it right. NexGold intends to steadily advance Goldboro in a disciplined, thoughtful, and responsible manner, aiming to de-risk and support the project's long-term viability. As the most advanced asset in NexGold's portfolio, Goldboro is expected to play a central role in the company's transition toward becoming a multi-asset Canadian gold producer.
The company added that it will continue technical, operational, and community activities to maintain project momentum and support subsequent evaluation and development phases.
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