NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) has secured Cabinet approval for a Crown Land Lease and License at its Goldboro Gold Project in Nova Scotia. This lease approval allows the company to begin major infrastructure work needed to develop its open-pit gold mine.
Government Greenlights Critical Step for Open-Pit Mine Development
The Government of Nova Scotia approved the Crown Land Lease and License covering 779 and 97 hectares, respectively. These approvals mark a key milestone for NexGold. With them, the company can now proceed with construction, including gold processing plants, tailings storage, and waste rock facilities.
The lease gives NexGold full control to build on land that includes the deposit site and surrounding infrastructure. As a result, the company can move ahead with the final permitting phase. According to the company, the project will create over 700 jobs and generate $2.1 billion in economic impact during its lifetime.
Notably, the province has added gold to its list of strategic minerals, which supports future mining investment in Nova Scotia.
CEO Highlights Strong Government Partnership
Kevin Bullock, President and CEO of NexGold, called the lease a major step forward. “This approval allows us to finalize permitting and begin building the project,” he said. Bullock also praised the positive relationship between NexGold and Nova Scotia’s government. He emphasized that the land package includes both the gold deposit and essential infrastructure areas.
Minister Rushton: Gold Project Will Boost Economy
Nova Scotia’s Minister of Natural Resources, Hon. Tory Rushton, welcomed the lease approval. He said the Goldboro Project has strong economic potential and will help drive growth across the province. “Gold is now on our strategic minerals list,” Rushton noted, “and projects like Goldboro will bring long-term benefits to Nova Scotians.”
The lease signals government support for responsible resource development and economic growth in rural areas.
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