Northwire Canada EditionWednesday, July 29, 2026
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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Drill Results

NevGold Releases Significant Oxide Gold-Antimony Results: 11.41 g/t AuEq Over 6.1 Meters (10.60 g/t Au And 0.18% Antimony) Within 2.19 g/t AuEq Over 56.4 Meters (1.74 g/t Au And 0.10% Antimony) at the Limousine Butte Project, Nevada

By The Northwire Desk — AI Analysis Sep 25, 2025 · 08:00 NAU · 0.36 Nevgold Corp.
NAU · Price

Executive Summary

  • NevGold reported multiple high‑grade oxide gold‑antimony intercepts from the 2025 drill program at Resurrection Ridge, including a standout 11.41 g/t AuEq over 6.1 m (RR03_01).
  • Eight drill holes have been completed for the 2025 campaign with assays pending; the company expects to advance toward an initial gold‑antimony Mineral Resource Estimate (“MRE”) later in 2025.
  • Phase II metallurgical testwork on gold and antimony is underway, with results anticipated in the coming weeks, supporting de‑risking of the project.

Key Details

  • High‑grade intercepts (AuEq):
  • RR03_01 – 11.41 g/t AuEq over 6.1 m (10.60 g/t Au, 0.18 % Sb) within 2.19 g/t AuEq over 56.4 m.
  • LB010 – 3.19 g/t AuEq over 26.2 m (2.24 g/t Au, 0.21 % Sb) within 2.16 g/t AuEq over 57.2 m.
  • LB028 – 4.62 g/t AuEq over 6.1 m (0.14 g/t Au, 1.00 % Sb) within 0.66 g/t AuEq over 128.0 m.

  • LB133 – 1.78 g/t AuEq over 12.2 m (0.11 g/t Au, 0.37 % Sb).

  • Assay methodology: Gold fire assay (30 g) and multi‑element ICP‑OES; QA/QC includes blanks, duplicates, standards per ISO 17025 labs.

  • Drill program status:

  • Total of 8 holes completed in 2025; assays pending.

  • Ongoing activities: historical data review, continued drilling on gold‑antimony targets, metallurgical testwork (Phase II), and preparation of an initial MRE.

  • Historical context:

  • Historic drill results from 2021‑2024 show consistent low‑grade Au and Sb mineralization across a >5 km strike length between Resurrection Ridge and Cadillac Valley.

  • Prior mining at Nevada Antimony Mine and Lage Antimony Prospect documented within the project boundary.

  • Metallurgical assumptions for AuEq calculations: US$2,000/oz Au, US$35,000/t Sb (≈30 % discount), recoveries of 85 % (Au) and 70 % (Sb).

  • Regulatory & market backdrop:

  • U.S. Executive Order (Mar 2025) designates antimony a “Critical Mineral” and invokes the Defense Production Act to accelerate permitting and financing for domestic projects.

  • Global supply constraints highlighted: China’s export restrictions on antimony (effective Sep 2024) increase strategic importance of U.S. projects like Limousine Butte.

  • Quotes:

  • “We continue to add to the large oxide gold‑antimony mineralization footprint at Limo Butte… Phase II metallurgical testwork building on our positive results from Phase I.” – Brandon Bonifacio, President & CEO.

Notable Quotes

  • “The current 2025 drill program is positively advancing with 8 holes completed and assays pending.” – Brandon Bonifacio, President & CEO.
Read the original news release →

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