NexGold Starts 30,000-Metre Infill Drill Program at Goldboro Project

Treasury Metals ( (TSE:NEXG) ) just unveiled an announcement.

NexGold Mining Corp. has launched a 30,000‑metre reverse circulation infill drilling program at its Goldboro Gold Project in Nova Scotia, targeting shallow zones expected to supply the first years of production. The closely spaced drilling aims to upgrade parts of the Goldboro Mineral Resource from the Indicated to Measured category, refining the resource model by complementing more than 180,000 metres of existing diamond drilling data.

Management says the program forms part of broader de-risking efforts ahead of an investment decision expected later this year, alongside an updated feasibility study that will reflect new drilling, revised cost assumptions and a higher gold price environment. NexGold is also progressing technical, environmental, engineering and permitting work, and has renewed a six‑month investor relations agreement with Capital Analytica to strengthen its capital markets profile.

The most recent analyst rating on (TSE:NEXG) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Treasury Metals stock, see the TSE:NEXG Stock Forecast page.

Spark’s Take on NEXG Stock

According to Spark, TipRanks’ AI Analyst, NEXG is a Neutral.

Score is held back primarily by weak financial performance—no revenue, widening losses, and accelerating cash burn despite low leverage—implying ongoing funding needs. Technicals are a positive (clear uptrend and positive MACD) but are offset by overbought signals. Valuation support is limited due to a negative P/E and no dividend yield data.

To see Spark’s full report on NEXG stock, click here.

More about Treasury Metals

NexGold Mining Corp. is a gold-focused mining company advancing its flagship Goldboro Gold Project in Nova Scotia. The company targets near-term production by developing open-pit and underground resources in the Eastern Goldfields District, positioning itself within the Canadian junior and mid-tier gold mining space.

Average Trading Volume: 966,396

Technical Sentiment Signal: Sell

Current Market Cap: C$221.6M

Find detailed analytics on NEXG stock on TipRanks’ Stock Analysis page.