Briefing
Drilling, blasting, loading, and hauling will be used to mine the open pit material within the designed pit to meet the mine production schedule. Key points: Drilling, blasting, loading, and hauling will be used to mine the open pit material within the designed pit to meet the mine production schedule; The Mineral Resource Estimate is based on validated results of 681 surface and underground drill holes for a total of 121,540 metres of diamond drilling completed between 1984 and the effective date of November 15, 2021,; The Mineral Reserve Estimate is based metallurgical recovery algorithms which result in an overall average recovery of 95.8%; The **2022 Feasibility Study** outlines the main project infrastructure components, including the mine, process plant, TMF (Tailings Management Facility), site accommodation facilities, access roads, power supply and dis; Mining Methods Based on the January 2022 feasibility study (FS), conventional open pit mining methods will be used to extract a portion of the Deposit; The Feasibility Study, with a report date of January 11, 2022, was completed by Nordmin Engineering Ltd. (“Nordmin”) as Lead Mining and Geological Consultant. This brief is based on the cited source artifact and is intended as a research entry point, not a replacement for the original source or EGM canonical data tables.
Source Notes
Drilling, blasting, loading, and hauling will be used to mine the open pit material within the designed pit to meet the mine...
Extractive summary evidence · source
The Mineral Resource Estimate is based on validated results of 681 surface and underground drill holes for a total of 121,540 metres...
Extractive summary evidence 2 · source
The Mineral Reserve Estimate is based metallurgical recovery algorithms which result in an overall average recovery of 95.8%.
Extractive summary evidence 3 · source
The **2022 Feasibility Study** outlines the main project infrastructure components, including the mine, process plant, TMF (Tailings Management Facility), site accommodation facilities,...
Extractive summary evidence 4 · source
Extracted Document Text
This is a readable excerpt of the EGM normalized Markdown text. It helps search engines and researchers understand PDF, filing, or company-document content while the original source remains authoritative.
# Goldboro Gold Project - NexGold Source: https://nexgold.com/goldboro-gold-project/ Published: 2024-12-16T19:48:07+00:00 Fetched: 2026-09-12T08:02:28.281+00:00 Source artifact: ad71a78f-d22c-493e-a213-8e0222df18af Normalizer input: text ## Content # Goldboro Gold Project - NexGold Source: https://nexgold.com/goldboro-gold-project/ Published: 2024-12-16T19:48:07+00:00 [Skip to content](https://nexgold.com/goldboro-gold-project/#content) [](https://nexgold.com/) [Home](https://nexgold.com/) [About](https://nexgold.com/board-management/) [Projects](https://nexgold.com/goldboro-gold-project/#) [Investors](https://nexgold.com/investors/) [News](https://nexgold.com/news/) [Careers](https://nexgold.com/careers/) [Contact](https://nexgold.com/contact/) [X-twitter](https://x.com/NexGoldMining)[Linkedin](https://www.linkedin.com/company/nex-gold-corp/)[Youtube](https://www.youtube.com/@nexgoldmining)[Facebook](https://web.facebook.com/profile.php?id=100057065846302) ### [Our Team](https://nexgold.com/board-management/) ## [Management & Technical Team](https://nexgold.com/board-management/\#manage) ## [Board of Directors](https://nexgold.com/board-management/\#director) ## [Advisors](https://nexgold.com/board-management/\#advise) ### Information ## [Governance](https://nexgold.com/governance/) ## [Sustainablility](https://nexgold.com/sustainability/) ## [Terms of Use](https://nexgold.com/terms-of-use/) ### [Goldboro Gold Project](https://nexgold.com/goldboro-gold-project/) ## [Goldboro Gold Project](https://nexgold.com/goldboro-gold-project/) ### [Goliath Gold Complex](https://nexgold.com/goliath-gold-complex/) ## [Goliath Gold Project](https://nexgold.com/goliath-gold-complex/) ## [Goldlund Project](https://nexgold.com/goldlund/) ## [Miller Gold Project](https://nexgold.com/miller/) ### [Exploration](https://nexgold.com/niblack/) ## [Niblack Project](https://nexgold.com/niblack/) ## [Weebigee-Sandy Lake Project](https://nexgold.com/weebigee-sandy-lake/) ## [Gold Rock Project](https://nexgold.com/gold-rock/) ### [Corporate](https://nexgold.com/corporate-directory/) ## [Media](https://nexgold.com/media/) ## [Articles](https://nexgold.com/media/\#articles) ## [Events](https://nexgold.com/events/) ### [Company](https://nexgold.com/investors/) ## [Corporate Presentation](https://nexgold.com/wp-content/uploads/2026/08/NEXG-Corporate-Presentation-Aug-2026.pdf) ## [Share Structure](https://nexgold.com/investors/) ## [Stock Info](https://nexgold.com/investors/\#FSMDA) ### [Reports](https://nexgold.com/governance/) ## [Financial Statements](https://nexgold.com/investors/\#FSMDA) ## [AGM Materials](https://nexgold.com/investors/\#AGM) ## [ESTMA Reports](https://nexgold.com/governance/\#ESTMA) [](https://nexgold.com/) - 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[Corporate Presentation](https://nexgold.com/wp-content/uploads/2026/08/NEXG-Corporate-Presentation-Aug-2026.pdf) - [Media](https://nexgold.com/media/) - [Events](https://nexgold.com/events/) - [Financial Statements](https://nexgold.com/investors/#FSMDA) - [AGM Materials](https://nexgold.com/investors/#AGM) - [Careers](https://nexgold.com/careers/) - [News](https://nexgold.com/news/) - [Contact](https://nexgold.com/contact/) - [About](https://nexgold.com/board-management/) - [Information](https://nexgold.com/goldboro-gold-project/#) - [Careers](https://nexgold.com/careers/) - [Governance](https://nexgold.com/governance/) - [Terms of Use](https://nexgold.com/terms-of-use/) - [Projects](https://nexgold.com/goldboro-gold-project/#) - [Goliath Gold Complex](https://nexgold.com/goldboro-gold-project/#) - [Goliath Gold Projects](https://nexgold.com/goliath-gold-complex/) - [Goldlund Project](https://nexgold.com/goldlund/) - [Miller Project](https://nexgold.com/miller/) - [Acquisitions](https://nexgold.com/goldboro-gold-project/#) - [Goldboro Gold Project](https://nexgold.com/goldboro-gold-project/) - [Exploration](https://nexgold.com/goldboro-gold-project/#) - [Niblack](https://nexgold.com/niblack/) - [Weebigee-Sandy Lake](https://nexgold.com/weebigee-sandy-lake/) - [Gold Rock](https://nexgold.com/gold-rock/) - [Hyder](https://nexgold.com/hyder/) - [Investors](https://nexgold.com/investors/) - [Share Structure](https://nexgold.com/investors/) - [Corporate Presentation](https://nexgold.com/wp-content/uploads/2026/08/NEXG-Corporate-Presentation-Aug-2026.pdf) - [Media](https://nexgold.com/media/) - [Events](https://nexgold.com/events/) - [Financial Statements](https://nexgold.com/investors/#FSMDA) - [AGM Materials](https://nexgold.com/investors/#AGM) - [Careers](https://nexgold.com/careers/) - [News](https://nexgold.com/news/) - [Contact](https://nexgold.com/contact/) ## Acquisition ## Goldboro Gold Project [Goldboro Gold Project Portal](https://nexgold.com/goldboro-project-portal/) ## Location Guysborough County, Nova Scotia, Canada ## Stage Feasibility Study Completed ## Development Stage Permitting and compliance underway ## Proven & Probable Reserves 1,150,200 ounces (15.8 million tonnes at 2.26 g/t gold) ## Measured & Indicated Resources 2.58 million ounces (21.6 million tonnes at 3.72 g/t gold) ## Inferred Resources 484,000 ounces (3.18 million tonnes at 4.73 g/t gold) ## Life of Mine (LOM) 10.9 Years ## Average Annual Production 100,000 ounces To date, the Company has arranged access to the Property for the purpose of exploration through agreements with both private and Crown entities. Much of the Property, including all the BR, EG historical workings, is underlain by Crown Land. Similarly, access to private lands, and securing agreements with landowners has been generally manageable. At the effective date of this Technical Report, the Company held access agreements that specifically apply to surface core drilling. The Company has the necessary Crown Land permits for additional drilling and trenching or expects to receive them through normal exploration permitting process. The Project will require the acquisition of some privately owned property. The Company has engaged a third-party to complete the relevant property assessments, negotiate property acquisitions, and manage and document the process. Should some individuals refuse to sell through this process, the Company would then pursue the expropriation process to acquire the property which could cause delays, however, would unlikely cause any delays in the overall permitting process. The Company continues to successfully manage the Industrial Approval (IA) related to the underground Bulk Sample collected in 2018. The presence of past mining operation infrastructure, including several historical tailings sites associated with the past operation of the historical Boston Richardson Mine within the Gold Brook Lake-Seal Harbour Lake watershed, are recognized as important environmental site factors. Provincial regulators indemnified Orex in 1995 from any environmental liabilities resulting from historical mining activities, assuming that old tailings storage areas are not impacted during exploration or mining activities. A historic tailings management plan will be developed in consultation with Nova Scotia Environment and Climate Change (NSECC) to manage the areas that will be directly disturbed by the Project. ## Infrastructure The **2022 Feasibility Study** outlines the main project infrastructure components, including the mine, process plant, TMF (Tailings Management Facility), site accommodation facilities, access roads, power supply and distribution, freshwater supply and distribution, and a water treatment plant. The **Property**, located on the eastern shore of Nova Scotia, Canada, approximately 1.6 km north of the village of Goldboro, benefits from substantial nearby infrastructure, services, and skilled labor. The proximity to Route 316 reduces infrastructure costs compared to remote sites. The Property is 175 km northeast of Halifax and 60 km southeast of Antigonish. Route 316 provides access via Goldbrook Road, which crosses the Property near historic mining features. Elevation is approximately 70 m above sea level, and logging roads offer further site access. The **earthworks** primarily involve preparing mine infrastructure, process plant, and TMF. On-site haulage roads will support heavy traffic, with dual-lane roads (16.5 m wide) between pits and stockpiles and single-lane roads (11 m wide) to the TMF. Approximately **5,300 m² of ancillary buildings** (excluding accommodation and process plant structures) will be pre-engineered steel structures on conventional foundations, with space allocated for future expansion. **Power supply** will come from Nova Scotia Power’s 25 kV distribution line along Route 316, requiring a 1.6 km tap line to the site substation. The distribution network will include 13.8 kV overhead lines for site infrastructure. Peak power demand is estimated at 10 MW, with an average of 7.5 MW. **Water supply infrastructure** includes an intake structure, booster stations, and transmission pipelines from Gold Brook Lake to the mill and potable water facilities. Potable and process water flow rates are estimated at 22 m³/h, with potable water treatment designed to meet Canadian Drinking Water Guidelines. **Wastewater treatment** is divided into two units: one for employee accommodations (350 people) and another for other facilities (84 people). Sewage treatment aligns with Atlantic Canada Wastewater Guidelines. The **Mine Water Management Plan (MWMP)** ensures compliance with regulatory discharge requirements, including: - Metal and Diamond Mining Environmental Regulations (MDMER) - Canadian Council of Ministers of the Environment (CCME) Aquatic Life Guidelines - Nova Scotia Environment Quality Standards (EQS) Predictive modeling indicates that water at some locations may only require total suspended solids (TSS) removal for discharge, while contingency measures (e.g., shutoff valves) will redirect non-compliant water to treatment systems. MWMP objectives include: 1. Dewatering and treating ponded water for infrastructure development. 2. Managing and discharging site contact water during construction and operations. 3. Diverting clean off-site water away from mine infrastructure to reduce treatment volumes. Mining Methods Based on the January 2022 feasibility study (FS), conventional open pit mining methods will be used to extract a portion of the Deposit. This method was selected considering the deposit’s size, shape, orientation, and proximity to the surface. Drilling, blasting, loading, and hauling will be used to mine the open pit material within the designed pit to meet the mine production schedule. Open pit mining will include conventional drilling and blasting with a combination of a backhoe type excavator, hydraulic excavator, and front-end loader type excavator loading broken rock into haul trucks, which will haul the material from the bench to the c [Excerpt trimmed for readability. Open the original source for the complete filing or document.]