Core Insights - NevGold Corp. announced highly positive antimony metallurgical testwork results at its Limousine Butte Project in Nevada, indicating significant potential for gold-antimony recovery [1][2][4] Company Developments - The first phase of antimony metallurgical testwork achieved up to 92% recovery, with minimal impact on gold recoveries, showcasing the project's promising exploration and development prospects [2][4] - The company plans to advance metallurgical testing and engineering studies based on the positive results, focusing on both acid leaching and sulfidized flotation methods [5][12] - Upcoming activities include mobilizing a drill rig for further exploration aimed at establishing a gold-antimony Mineral Resource Estimate by Q4-2025 [5][6] Metallurgical Testwork Results - Acid leaching tests indicated antimony extraction recovery between 75% and 92%, while sulfidized flotation showed recoveries between 61% and 78% [5][12] - The testwork utilized two plus 20-kilogram composite samples from core drilling and surface samples, representing the oxide gold-antimony mineralization at the project [5][10] - The results from the metallurgical testwork will guide future programs and help define options for recovering both gold and antimony from near-surface oxide mineralization [4][5] Industry Context - Antimony has been designated as a "Critical Mineral" by the U.S. government, emphasizing its importance for national security and clean energy applications [14][17] - The U.S. Executive Order aims to strengthen domestic mineral production, particularly for critical minerals like antimony, to reduce reliance on foreign sources [15][16] - Approximately 90% of the world's antimony supply is produced by China, Russia, and Tajikistan, with recent restrictions on exports from China exacerbating supply chain concerns [18][20]
NevGold Announces Up to 92% Antimony Recovery From Positive Metallurgical Testwork Program at Oxide Gold-Antimony Limo Butte Project in Nevada
Globenewswireยท2025-07-23 12:00