Core Insights - NevGold Corp. announced highly positive antimony metallurgical testwork results at its Limousine Butte Project in Nevada, indicating significant potential for gold-antimony recovery [1][2][4] Company Developments - The first phase of antimony metallurgical testwork achieved up to 92% recovery, with minimal impact on gold recoveries, showcasing the project's promising exploration and development prospects [2][4] - The company plans to advance metallurgical testing and engineering studies based on the positive results, focusing on both acid leaching and sulfidized flotation methods [5][12] - Upcoming activities include mobilizing a drill rig for further exploration aimed at establishing a gold-antimony Mineral Resource Estimate by Q4-2025 [5][6] Metallurgical Testwork Results - Acid leaching tests indicated antimony extraction recovery between 75% and 92%, while sulfidized flotation showed recoveries between 61% and 78% [5][12] - The testwork utilized two plus 20-kilogram composite samples from core drilling and surface samples, representing the oxide gold-antimony mineralization at the project [5][10] - The results from the metallurgical testwork will guide future programs and help define options for recovering both gold and antimony from near-surface oxide mineralization [4][5] Industry Context - Antimony has been designated as a "Critical Mineral" by the U.S. government, emphasizing its importance for national security and clean energy applications [14][17] - The U.S. Executive Order aims to strengthen domestic mineral production, particularly for critical minerals like antimony, to reduce reliance on foreign sources [15][16] - 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 [18][20]

Core Insights - NevGold Corp. has announced significant drill results for oxide gold-antimony at its Limousine Butte Project in Nevada, indicating strong potential for further exploration and development in a key mining jurisdiction [1][6][17] Group 1: Drill Results and Exploration Plans - Recent drill results at Resurrection Ridge show some of the highest oxide gold-antimony grades to date, including LB21-004 with 9.68 g/t AuEq over 11.6 meters and RR03_06 with 1.55 g/t AuEq over 19.8 meters [5][7] - The company plans to continue its exploration program in 2025, focusing on high-grade areas and advancing towards an initial gold-antimony Mineral Resource Estimate (MRE) [3][6] - Ongoing metallurgical testwork is expected to yield results in the coming weeks, and the company is evaluating historical geological data to enhance its exploration strategy [3][6][12] Group 2: Importance of Antimony and Market Context - Antimony is classified as a "Critical Mineral" by the U.S. due to its significance in national security and various technological applications, with the U.S. currently relying on foreign sources for its supply [17][20] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, particularly for critical minerals like antimony, which is essential for military and clean energy applications [18][19] - With approximately 90% of global antimony supply produced by China, Russia, and Tajikistan, recent export restrictions from China have heightened concerns over supply chain security, emphasizing the need for domestic projects [21][22]

Core Viewpoint - NevGold Corp. has announced significant extensions of oxide gold-antimony mineralization at the Cadillac Valley target within its Limousine Butte Project, indicating promising prospects for further exploration and development in Nevada, a key mining jurisdiction [1][7]. Group 1: Exploration Results - The mineralization at Cadillac Valley now extends over 1.7 kilometers northeast to southwest and over 400 meters laterally, with consistent results across 27 oxide gold-antimony drill holes [6][7]. - Notable drill results include LB119 with 2.28 g/t AuEq over 30.5 meters, LB155 with 1.01 g/t AuEq over 36.6 meters, and LB141 with 1.03 g/t AuEq over 12.2 meters [6][8]. - The ongoing metallurgical testwork program has made positive progress, with results expected in the coming weeks [6][7]. Group 2: Planned Activities - The company plans to continue its active exploration program at Limousine Butte, focusing on advancing both Resurrection Ridge and Cadillac Valley to the Mineral Resource Estimate stage in 2025 [3][7]. - Historical geological data is being evaluated, with a focus on gold and antimony, and re-analysis of historical drilling is currently in progress [6][10]. Group 3: Industry Context - Antimony has been identified as a "Critical Mineral" by the U.S. government, essential for national security and technology applications, with no domestically mined supply currently available [14][17]. - The U.S. Executive Order announced in March 2025 aims to strengthen domestic mineral production and reduce reliance on foreign sources, which is particularly relevant given the global supply concerns for antimony [15][16][18]. - 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 issues [18]. Group 4: Company Overview - NevGold is focused on large-scale mineral systems in Nevada and Idaho, owning a 100% interest in multiple gold and copper projects [27]. - The company is committed to unlocking the value of its assets, particularly in light of the growing importance of antimony in various applications [7][17].