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NevGold Drills 8.51 g/t Oxide AuEq Over 10.6 Meters (8.11 g/t Au And 0.10% Antimony) Within 2.32 g/t Oxide AuEq Over 86.8 Meters (1.94 g/t Au And 0.10% Antimony); Discovers High-Grade Oxide Gold-Antimony "Armory Fault" Structure At Bullet Zone

NAUFFPPTA
  • NevGold Corp. announced a high-grade oxide gold-antimony discovery at the "Armory Fault" within the Bullet Zone at its Limousine Butte Project in Nevada.
  • Key intercept LB25-017 Lower Zone returned 12.34 g/t AuEq over 3.0 meters, including 8.51 g/t AuEq over 10.6 meters, and 2.32 g/t AuEq over 86.8 meters.
  • LB25-017 Upper Zone intercepted 5.46 g/t AuEq over 3.1 meters with high-grade antimony concentrated along a low-angle thrust fault.
  • LB25-016 step-out hole added over 50 meters to the mineralization footprint with 1.25 g/t AuEq over 10.7 meters.
  • The "Armory Fault" identifies a key structural control for high-grade mineralization that was never drilled by prior operators.
  • All drillholes in the Bullet Zone from the 2H-2025 program intercepted substantial oxide gold-antimony mineralization below the upper dolomite unit.
  • The Company has completed 30 drillholes in the current program, with 12 holes pending release.
  • NevGold is advancing a dual-track development strategy focusing on near-term antimony production from historical leach pads while defining an initial Mineral Resource Estimate.
  • Antimony is designated a Critical Mineral by the U.S. Government due to its strategic importance for military applications & national security.
  • Global antimony supply is heavily concentrated in China, Russia, & Tajikistan, with export restrictions imposed by China since late 2024.
  • The updated geological model indicates the Pilot Shale host unit extends over one kilometer east of prior drilling at Resurrection Ridge.
  • Historical data confirms the presence of stibnite & high-grade antimony samples within the project boundary.
  • The 2026 drill program will focus on rapidly testing the new Armory Fault discovery & other identified project-wide targets.
  • Metallurgical testwork is ongoing, including Phase I sampling of Crushed & Run of Mine leach pads for antimony production.
  • Gold equivalents are calculated using assumed prices of $3,000/oz for gold & $40,000/tonne for antimony with recoveries of 80% for gold & 75% for antimony.