Core Insights - NevGold Corp. announced positive drill results and a new oxide-gold discovery at its Limousine Butte Project in Nevada, focusing on expanding mineralization potential for an initial gold-antimony Mineral Resource Estimate [1][4]. Exploration and Drilling Results - The 2025-2026 drilling program has completed 30 holes, with significant results including high-grade oxide antimony of 5.89% Sb over 3.0 meters and gold equivalent grades of up to 23.01 g/t AuEq over 3.0 meters [3][6]. - New discoveries at Resurrection Ridge include a significant oxide gold discovery with 1.03 g/t AuEq over 21.3 meters, confirming the new geological model [3][14]. - The geological model indicates that the Pilot Shale, which hosts mineralization, extends more than one kilometer east of previous drilling, creating multiple high-priority targets for further exploration [12][18]. Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. Geological Survey due to its strategic importance in military applications and technology [22][23]. - The U.S. is prioritizing domestic production of antimony to mitigate supply chain disruptions, especially in light of China's restrictions on antimony exports [23][24]. Company Development Plans - The company is advancing metallurgical testwork and preparing for near-term antimony production, with ongoing drilling to test gold-antimony targets [3][4]. - The CEO emphasized the potential for project development and cash flow as the company aims to create a vertically integrated U.S. antimony supply chain [4][29].
NevGold Intercepts 5.89% Antimony Over 3.0 Meters Within 2.67 g/t AuEq Over 53.3 Meters (0.59% Antimony And 0.36 g/t Au) At Bullet Zone, and Makes New Oxide Gold Discovery Over 150 Meters East
Globenewswire·2026-01-22 12:00