newsfilter
← Latest News
GlobeNewswire·

NEVGOLD ANNOUNCES MINERAL RESOURCE: ANTIMONY OF 29,600 TONNES MEASURED & INDICATED (0.26%) AND 48,100 TONNES INFERRED (0.18%); 100% OXIDE GOLD OF 181,400 OZS MEASURED & INDICATED AND 1,203,500 OZS INFERRED; STRATEGIC U.S. ANTIMONY RESOURCE

NAUFF
  • NevGold Corp. announced its maiden gold-antimony Mineral Resource Estimate (MRE) for the Limo Butte Project in Nevada, effective July 15, 2026.
  • The MRE is based on drilling completed through the end of 2025, with a 20,000-meter drill campaign planned for 2026 to expand the resource.
  • Two strategic scenarios are proposed: "Project Jumpstart Antimony" targets 6,900 tonnes of Measured & Indicated antimony at 0.28% Sb from surface material already mined, while "Project Golden Bullet" outlines a larger-scale resource at Resurrection Ridge, Cadillac Valley, and Northern Zones.
  • The Base Case pit shell contains 31,800 tonnes of Measured & Indicated antimony at 0.21% Sb (15.2 Mt) and 75,700 tonnes of Inferred antimony at 0.09% Sb (117.5 Mt).
  • Gold resources within the Base Case include 181,400 ounces of Measured & Indicated gold at 0.37 g/t Au (15.2 Mt) and 1,203,500 ounces of Inferred gold at 0.32 g/t Au (117.5 Mt).
  • Mineralization for both gold and antimony starts at surface, enabling potential heap-leach processing without reliance on downstream smelting or refining.
  • The Project is located in Nevada, a Tier One mining jurisdiction, covering approximately 70 square kilometers with 850 federal claims.
  • A 2025 drill program achieved a "step-change" in understanding by intercepting gold-antimony mineralization in 100% of holes testing the "under the older thrusted upper dolomite" target.
  • Current drilling operations involve two rigs targeting the Bullet Zone and Armory Fault to test high-grade antimony-gold mineralization.
  • Management anticipates that a pivot to a gold-only strategy could result in lower capital and operating costs compared to the dual-commodity gold-antimony scenario.
  • A Technical Report compliant with NI 43-101 standards is being prepared and will be released within 45 days.
  • The MRE was prepared by Greg Mosher of GMRS, a Qualified Person under NI 43-101, using specific economic assumptions including $3,000/oz gold and $35,000/tonne antimony.
  • NevGold intends to advance a Pre-Feasibility Study (PFS) for the near-term antimony scenario and a Preliminary Economic Assessment (PEA) for the larger gold-antimony zones in 2026.