NevGold Corp. reports developments tied to its gold and critical-minerals exploration business in Nevada and Idaho. Company news centers on the Limousine Butte Project in Nevada, including oxide antimony-gold drill results, historic gold leach pad work, metallurgical testing, surface mineralization, and mineral-resource work.
Recurring updates also include material agreements, capital-structure disclosures, and operating and financial results. Coverage reflects the company's focus on exploration-stage project advancement, antimony-gold mineralization, and technical work supporting development decisions at its mineral properties.
NevGold Corp. (OTCQB:NAUFF) has initiated its 2025 drill program at the Limousine Butte Project in Nevada, focusing on both gold and antimony exploration. The company has commenced a 5,000-meter Reverse Circulation (RC) drill program targeting the Resurrection Ridge and Cadillac Valley areas.
Key developments include the discovery of additional stibiconite (oxide antimony mineral) outcrops during road and drill pad construction, particularly on the eastern side of Resurrection Ridge. The program marks the first drilling under the company's Advanced Plan of Operations permit, with the primary objective of establishing an initial oxide gold-antimony Mineral Resource Estimate (MRE).
The project benefits from a large historical drillhole database and will include both delineation and expansion drillholes focused on both gold and antimony mineralization. This strategic initiative aligns with the United States' commitment to advancing domestic mineral projects.
NevGold Corp. (OTCQX:NAUFF) has entered into a significant standstill agreement with GoldMining Inc., its largest shareholder. Under the agreement, GoldMining, which holds 19,073,350 shares (16.7%) of NevGold's outstanding common shares, has committed not to sell shares through open market transactions for 18 months.
The company anticipates an active end to 2025, with upcoming updates from its portfolio including the Limousine Butte (oxide gold-antimony), Nutmeg Mountain (oxide gold), and Zeus (copper) projects in Nevada and Idaho.
NevGold Corp. (OTCQX:NAUFF) has announced significant metallurgical testwork results from its Limousine Butte Project in Nevada, demonstrating antimony recovery rates of up to 92% through acid leaching and up to 78% through sulfidized flotation. The testwork, conducted on both drill core and surface samples, showed minimal impact on gold recoveries in a potential combined gold-antimony mining scenario.
The company plans to advance to the next phase of drilling in the coming weeks, targeting a gold-antimony Mineral Resource Estimate by Q4-2025. This development is particularly significant given the recent U.S. Executive Order strengthening domestic mineral production, with antimony designated as a critical mineral for national security and technology applications. Currently, approximately 90% of global antimony supply is controlled by China, Russia, and Tajikistan.
NevGold Corp. (OTCQX:NAUFF) has announced significant oxide gold-antimony drill results at its Limousine Butte Project in Nevada. The company reported exceptional results including 9.68 g/t AuEq over 11.6 meters within 2.85 g/t AuEq over 60.3 meters at Resurrection Ridge.
The project shows strong potential for an initial gold-antimony Mineral Resource Estimate in 2025. NevGold plans to continue its exploration program, including evaluating historical data, advancing metallurgical testwork, and drill testing gold-antimony targets starting in July.
The announcement is particularly significant given the recent US Executive Order to strengthen domestic mineral production, with antimony designated as a critical mineral for national security and technology applications. Currently, about 90% of global antimony supply comes from China, Russia, and Tajikistan.
NevGold Corp (TSXV:NAU, OTCQX:NAUFF) has announced significant oxide gold-antimony drill results at its Limousine Butte Project in Nevada. Key discoveries include:
- Hole LB023: 2.11 g/t AuEq over 67.1 meters (1.30 g/t Au and 0.18% Sb)
- Hole LB029: 1.16 g/t AuEq over 79.3 meters (0.53 g/t Au and 0.14% Sb)
The project shows substantial potential across two major areas: Resurrection Ridge and Cadillac Valley, with a +5km strike length. The company is currently:
- Re-evaluating historical drilling data
- Re-analyzing historical samples for antimony content
- Planning metallurgical studies
The discovery is particularly significant as antimony is designated as a Critical Mineral by the U.S. Department of Defense, with 90% of global supply currently controlled by China, Russia, and Tajikistan. Recent U.S. Executive Order (March 2025) aims to strengthen domestic mineral production, potentially benefiting projects like Limousine Butte.
NevGold Corp. (NAUFF) has discovered significant oxide gold-antimony drill results at the Cadillac Valley target area of its Limousine Butte Project in Nevada. Key findings include:
- LB22-007: 1.70 g/t AuEq over 169.2 meters (0.89 g/t Au and 0.18% Sb)
- LB22-006: 1.34 g/t AuEq over 124.7 meters (0.84 g/t Au and 0.11% Sb)
The Cadillac Valley oxide gold-antimony mineralization footprint spans over 1.5 km by 500 m and is over 2 km from Resurrection Ridge. The company plans to continue its exploration program including:
- Evaluating historical geological database
- Re-analyzing historical drilling
- Drill testing gold-antimony targets
- Initiating preliminary metallurgical studies
The project's timing aligns with the March 2025 US Executive Order to strengthen domestic mineral production, with antimony designated as a critical mineral for national security and technology applications.