NevGold Identifies Large Quantities of Previously Mined Material With Significant Antimony And Near-Term Production Potential In Historical Leach Pads at Limo Butte, Nevada

Core Insights - NevGold Corp. announced positive antimony and gold sampling results from historical gold leach pads at its Limousine Butte Project in Nevada, indicating potential for near-term antimony production [1][5] - The historical leach pads contain an estimated 2.4 million to 3.0 million tonnes of previously mined material, with consistent antimony and gold grades [1][4] Antimony and Gold Sampling Results - Crushed leach pad has an estimated tonnage of 1.4 million to 1.7 million tonnes, with average grades of 0.27% Sb and 0.34 g/t Au [4] - Run of Mine (ROM) leach pad has an estimated tonnage of 1.0 million to 1.3 million tonnes, with average grades of 0.31% Sb and 0.18 g/t Au [4] - Certain areas of the leach pads show results of 0.74% Sb to 0.81% Sb, indicating strong mineralization potential [4][6] Metallurgical and Development Plans - Metallurgical testwork indicates that acid leaching can achieve antimony recoveries of up to 92%, with minimal impact on gold recovery [4][5] - The company plans to advance both the historical leach pad opportunity and a larger commercial gold-antimony mining operation, including drilling and preparing a Mineral Resource Estimate (MRE) [4][5] Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" in the U.S., essential for national security and various technological applications [3][15] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, highlighting the importance of antimony and aiming to reduce reliance on foreign sources [12][14] 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 [17] - The U.S. Department of Defense has designated antimony as a critical mineral, emphasizing the need for domestic production to mitigate supply chain disruptions [17]