Core Insights - NevGold Corp. has discovered high-grade oxide antimony in the new "Bullet Zone" at its Limousine Butte Project in Nevada, significantly expanding the mineralization footprint at the Resurrection Ridge target area [1][3][4] Group 1: Discovery and Exploration - The Bullet Zone was identified through a 150-meter step-out drillhole, marking a significant advancement in the company's geological model [1][3] - The highest-grade antimony interval drilled to date at the project was recorded, with grades reaching up to 8.9% Sb [4] - The drilling results include 14.90 g/t AuEq over 4.6 meters in the Upper Zone and 0.82 g/t AuEq over 32.0 meters in the Lower Zone [4][13] Group 2: Future Plans and Activities - NevGold plans to continue its exploration program at Limousine Butte, focusing on expanding areas with significant mineralization potential [3][5] - The company aims to complete an initial gold-antimony Mineral Resource Estimate (MRE) for both Resurrection Ridge and Cadillac Valley [4][5] - Ongoing activities include Phase II metallurgical testwork and evaluating historical geological data [4][5][18] Group 3: Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. government, essential for national security and various technological applications [26][23] - The U.S. Executive Order aims to strengthen domestic mineral production, highlighting the importance of projects like Limousine Butte in reducing reliance on foreign sources [23][24] - The global supply of antimony is heavily dependent on China, which has restricted exports, further emphasizing the need for domestic production [28][26]
NevGold Discovers High-Grade Oxide Antimony “Bullet Zone” From Surface with 2025 Step-Out Drilling: 14.90 g/t AuEq Over 4.6 Meters (3.76% Antimony And 0.29 g/t Au) Within 2.42 g/t AuEq Over 53.3 Meters (0.57% Antimony And 0.22 g/t Au) at Limo Butte, Nevada
Globenewswire·2025-10-16 11:30