NevGold Adds 6 Square Kilometers of Highly Prospective Outcropping Antimony-Gold Targets at Limo Butte, Nevada
Globenewswire·2025-12-17 12:00

Core Insights - NevGold Corp. has staked an additional 90 claims at its Limousine Butte Project in Nevada, covering approximately 6 square kilometers or 1500 acres, which shows strong antimony-gold prospectivity [1][3] - The new claims have geological signatures similar to existing antimony-gold targets, indicating potential for significant mineralization [5] Company Updates - The exploration program at Limousine Butte includes the addition of new claims and ongoing drilling activities, with 30 drill holes completed and assays pending [3][5] - Surface rock chip samples from the new claims show promising results, with values up to 8.74 g/t Au and 0.67% Sb [3][5] - The company is advancing metallurgical testwork and has completed Phase 1 sampling of historical leach pads from the Golden Butte pit, which previously produced over 100,000 ounces of gold [3][5] Industry Context - Antimony is classified as a "Critical Mineral" in the U.S. due to its strategic importance in military applications and technology [13] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, identifying antimony as essential for national security [10][11] - 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 [14]

NevGold Adds 6 Square Kilometers of Highly Prospective Outcropping Antimony-Gold Targets at Limo Butte, Nevada - Reportify