NexGold Secures Crown Land Lease for Goldboro Project, Boosting Economic Prospects

The latest update is out from Treasury Metals ( (TSE:NEXG) ).

NexGold Mining Corp. has received approval from the Government of Nova Scotia for a Crown Land Lease and License for its Goldboro Gold Project, marking a significant milestone in its development. This approval allows NexGold to proceed with infrastructure development and the operation of an open pit mine, which is expected to create over 700 jobs and contribute $2.1 billion to Nova Scotia’s economy. The inclusion of gold in the province’s strategic minerals list further emphasizes the project’s potential economic impact and the positive relationship between NexGold and the provincial government.

More about Treasury Metals

NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. The company operates the Goliath Gold Complex in Northwestern Ontario and the Goldboro Gold Project in Nova Scotia. NexGold also has several other projects in Canada, including the Weebigee-Sandy Lake Gold Project JV and the Gold Rock exploration property. Additionally, it holds a 100% interest in the Niblack copper-gold-zinc-silver VMS project in Alaska. NexGold is dedicated to engaging with regional communities and Indigenous Nations to create sustainable economic opportunities and enhance community wellbeing.

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Technical Sentiment Signal: Hold

Current Market Cap: C$109.2M

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