Core Insights - NevGold Corp. has announced significant drill results for oxide gold-antimony at its Limousine Butte Project in Nevada, indicating strong potential for further exploration and development in a key mining jurisdiction [1][6][17] Group 1: Drill Results and Exploration Plans - Recent drill results at Resurrection Ridge show some of the highest oxide gold-antimony grades to date, including LB21-004 with 9.68 g/t AuEq over 11.6 meters and RR03_06 with 1.55 g/t AuEq over 19.8 meters [5][7] - The company plans to continue its exploration program in 2025, focusing on high-grade areas and advancing towards an initial gold-antimony Mineral Resource Estimate (MRE) [3][6] - Ongoing metallurgical testwork is expected to yield results in the coming weeks, and the company is evaluating historical geological data to enhance its exploration strategy [3][6][12] Group 2: Importance of Antimony and Market Context - Antimony is classified as a "Critical Mineral" by the U.S. due to its significance in national security and various technological applications, with the U.S. currently relying on foreign sources for its supply [17][20] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, particularly for critical minerals like antimony, which is essential for military and clean energy applications [18][19] - With approximately 90% of global antimony supply produced by China, Russia, and Tajikistan, recent export restrictions from China have heightened concerns over supply chain security, emphasizing the need for domestic projects [21][22]
NevGold Releases Some of the Highest Grade Oxide Gold-Antimony Results To Date: 9.68 g/t AuEq Over 11.6 Meters (8.92 g/t Au And 0.17% Antimony) Within 2.85 g/t AuEq Over 60.3 Meters (2.27 g/t Au And 0.13% Antimony) at the Limousine Butte Project, Nevada
Globenewswireยท2025-06-25 20:15