NevGold Intercepts Highest-Grade Oxide Antimony At Bullet Zone Discovery: 5.51% Antimony Over 4.6 Meters Within 4.00 g/t AuEq Over 41.1 Meters (0.96% Antimony And 0.29 g/t Au) at Limo Butte, Nevada
Globenewswire·2025-12-02 12:00

Core Insights - NevGold Corp. announced positive high-grade oxide antimony drill results from the newly discovered "Bullet Zone" at its Limousine Butte Project in Nevada, significantly expanding the gold-antimony mineralization footprint at the Resurrection Ridge target [1][3][4] Company Developments - The highest-grade antimony interval drilled to date was reported at 5.51% Sb over 4.6 meters, with a gold equivalent of 21.49 g/t AuEq over the same interval [3][9] - The company has completed 18 drill holes in the current 2025-2026 drill program, with assays pending [3][4] - Phase 1 antimony-gold sampling of the historically mined leach pads from the Golden Butte pit has been completed, indicating strong antimony-gold potential [3][4][8] Geological Insights - The new geological model has been confirmed with drill holes LB25-009 and LB25-002, which intercepted gold-antimony mineralization below the older thrusted dolomite unit [3][14] - The updated model outlines multiple Au-Sb target corridors, indicating a significant expansion potential for mineralization at the Project [17][19] Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. due to its strategic importance in military applications and technology [27][28] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, identifying antimony as essential for national security [24][25][26] Market Context - 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 [28] - The U.S. Department of Defense has designated antimony as a "Critical Mineral," emphasizing the need for domestic production to mitigate supply chain disruptions [28]