NevGold Announces Up to 85% Antimony Recovery From Positive Phase II Metallurgical Testwork at Oxide Gold-Antimony Limo Butte Project in Nevada

Core Insights - NevGold Corp. announced positive antimony metallurgical testwork results at its Limousine Butte Project in Nevada, indicating strong geo-metallurgical characteristics and minimal impact on gold recoveries [1][2][4]. Summary by Sections Antimony Metallurgical Testwork - The testwork demonstrated favorable leaching results across a range of antimony grades from 0.1% to 8.5% Sb, with recoveries ranging from 71% to 92% for various samples [2][5][16]. - The results from the 0.1%-0.2% antimony grade range showed recoveries of 71% to 85%, exceeding expectations and highlighting the project's potential [4][5]. - Acid leaching is being considered as the preferred metallurgical process, allowing for on-site production of antimony metal without reliance on third-party processing [5][13]. Project Development and Activities - NevGold is actively exploring the Limo Butte Project, with 13 drill holes completed and ongoing trench sampling to assess gold-antimony mineralization [5][6][7]. - The company is working towards completing an initial gold-antimony Mineral Resource Estimate (MRE) [7]. Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. due to its significance in national security and various technological applications [21][22]. - The U.S. government has initiated measures to enhance domestic mineral production, particularly for antimony, to reduce reliance on foreign sources [18][19][20]. Market Context - Approximately 90% of the global antimony supply is produced by China, Russia, and Tajikistan, with recent restrictions on exports from China exacerbating supply chain concerns [22]. - The U.S. Department of Defense has prioritized domestic production of antimony to mitigate supply chain disruptions, emphasizing the strategic importance of projects like Limousine Butte [22].