# March 13, 2025 NexGold Provides Positive Update on Tailings Design for Feasibility Study at Goliath Gold Complex

Source Brief: https://evesgoldminers.com/research/source-briefs/nexgold-mining-corp-2025-03-13-march-13-2025-nexgold-provides-positive-update-on-6646a2f6
Original source: https://nexgold.com/nexgold-provides-positive-update-on-tailings-design-for-feasibility-study-at-goliath-gold-complex/
Original published: 2025-03-13
EGM generated: 2026-09-27
Company: NexGold Mining Corp. (NEXG)

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## Extracted Document Text

# March 13, 2025 NexGold Provides Positive Update on Tailings Design for Feasibility Study at Goliath Gold Complex

Source: https://nexgold.com/nexgold-provides-positive-update-on-tailings-design-for-feasibility-study-at-goliath-gold-complex/
Published: 2025-03-13T11:00:00+00:00
Fetched: 2026-09-12T07:05:46.803+00:00
Source artifact: 6646a2f6-46cd-4298-b119-2bd1d6d19bad
Normalizer input: text

## Content

TORONTO, March 13, 2025 (GLOBE NEWSWIRE) — NexGold Mining Corp. ( TSXV: NEXG; OTCQX: NXGCF) (“ NexGold ” or the “ Company ”) is pleased to announce certain potential positive outcomes as it works towards the completion of its Feasibility Study (the “ FS ”) for its 100%-owned Goliath Gold Complex (the “ Project ” or “ GGC ”) located in the Wabigoon Greenstone Belt in northwestern Ontario, which includes the Goliath (“ Goliath ”), Goldlund (“ Goldlund ”) and Miller (“ Miller ”) deposits. The FS is being prepared in accordance with National Instrument 43-101 – Standards for Disclosure for Mineral Projects (“ NI 43–101 ”) and is anticipated to be completed in the second quarter of this year.
Kevin Bullock, President and CEO of NexGold, commented: “We are pleased by the potentially positive optimizations and progress of our Feasibility Study for the Goliath Gold Complex, which we expect to release in Q2. We have incorporated the learnings from engaging with our potentially impacted communities with the goal of protecting traditional pursuits. The optimizations contemplated demonstrate the hard work of the NexGold team and our commitment to responsible development and environmental stewardship throughout all phases of our projects, including exploration, development, operations, decommissioning and reclamation and I am very proud of what we have been able to accomplish. These optimizations we are working on may have the potential to reduce the initial and sustaining capital costs as compared to our PFS (defined below) through a reduction in the footprint for the Tailings Storage Facility (“ TSF ”) and the overall development footprint for the Project. Also, with these modifications, there is potential for the earlier closure of the TSF and Waste Rock Storage Facility, which can also have the impact of reducing overall operating and financial assurance requirements from Year 4 onwards.”
Over the past several months, the NexGold team, in cooperation with our partner