NexGold, formed through a merger between Black Wolf Copper and Gold and Treasury Metals, is focused on the Goliath Gold Project in Ontario. The project has a 3 million ounce gold deposit with near-term construction permits. NexGold aims to not only achieve production but also explore the 65 kilometers of strike potential in the area. The company also merged in the Niblack project in Southeast Alaska. NexGold raised $6.5 million in a concurrent financing, with Frank Giustra leading the investment. The company plans to continue de-risking Goliath through a 25,000 meter diamond drill program and exploring the Interlakes area.
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