NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) ) is pleased to announce that it has discovered further significant gold-antimony (“Antimony”, “Sb”) historical drill results at its Limousine Butte Project (the “Project”, “Limo Butte”) in Nevada. The Company continues to unlock the substantial gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world’s prolific mining jurisdictions.
NevGold is also pleased to report the recent, sweeping Executive Order to strengthen American mineral production and reduce U.S. reliance on foreign nations for its mineral supply. Antimony (Sb) has been identified as an important “Critical Mineral” in the United States essential for national security, clean energy, and technology applications, yet no domestically mined supply currently exists.
Key Highlights
- Further positive, near-surface, gold-antimony historical drillholes include:
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- LB-006: 2.46 g/t AuEq* over 86.9 meters (1.11 g/t Au and 0.30% Sb), including 5.75 g/t AuEq* over 12.8 meters (1.83 g/t Au and 0.87% Sb), and also including 6.77 g/t AuEq* over 6.7 meters (2.29 g/t Au and +1% Sb)
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- LB-001: 1.69 g/t AuEq* over 63.9 meters (0.21 g/t Au and 0.33% Sb), including 4.10 g/t AuEq* over 17.7 meters (0.38 g/t Au and 0.83% Sb), and also including 4.64 g/t AuEq* over 6.4 meters (0.16 g/t Au and +1% Sb)
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- LB-003: 3.69 g/t AuEq* over 22.3 meters (2.26 g/t Au and 0.32% Sb), including 8.55 g/t AuEq* over 7.9 meters (5.97 g/t Au and 0.57% Sb)
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- LB-004: 0.73 g/t AuEq* over 110.40 meters (0.19 g/t Au and 0.12% Sb), including 1.16 g/t AuEq* over 36.6 meters (0.24 g/t Au and 0.21% Sb)
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- *Gold equivalents (“AuEq”) are based on assumed metals prices of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 85% for gold and 70% for antimony.
- Significant antimony (Sb) upside: historical drilling had an upper detection limit of 1% Sb but many drill intervals exceeded the limit; these holes are currently being re-assayed at American Assay Lab in Reno, Nevada without the 1% upper detection limit
- Extensive gold-antimony mineralization: multiple zones, including Resurrection Ridge and Cadillac Valley, demonstrate significant potential across a large, open mineralized footprint
- Historical geochemical rock chip sampling from the past-producing Golden Butte pit had numerous results with +1% antimony in jasperoid breccias, several results with +5% antimony, including a sample of 9.6% antimony with visible stibnite and stibiconite (see Figure 1)
- NevGold will continue re-evaluating historical drilling from the Project, focusing on both oxide gold and antimony; large portions of the existing database were not analyzed for antimony creating a significant, low-cost opportunity to re-assay historical drilling
Limo Butte Planned 2025 Activities / Status Update
NevGold will…