NevGold Adds 6 Square Kilometers of Highly Prospective Outcropping Antimony-Gold Targets at Limo Butte, Nevada

On December 17, 2025, NevGold announced it has staked an additional 6 square kilometers (90 new claims) of prospective ground at its flagship Limousine Butte (Limo Butte) project in Nevada. The company states the new claims have similar geological signatures to the existing project area, with strong antimony-gold potential, extending the expansion potential to over 4 kilometers from the Resurrection Ridge target.

The release also serves as an operational update, confirming the completion of 30 drill holes and Phase I sampling of historical leach pads at Limo Butte. Assays for both work programs are pending and expected in the coming weeks. CEO Brandon Bonifacio reiterated the company's strong treasury position entering 2026.

Finally, the company announced the grant of 2,350,000 stock options to directors, officers, and consultants at an exercise price of C$0.78.

This news is a routine operational update and is assessed as Routine - Positive. While positive, it lacks the material data required to move the stock significantly.

• Staking: Adding 6 sq km of claims is standard practice for a junior explorer expanding its footprint around a discovery. It is a positive, forward-looking step but not material in itself.
• Operational Update: The confirmation that 30 drill holes are complete is the key takeaway. This demonstrates the company is executing on its exploration plan funded by the recent C$10 million financing. However, the value lies in the assay results, which are not included in this release. The market has already priced in high expectations following the spectacular high-grade "Bullet Zone" discovery results announced on October 16 and December 2, 2025. This release simply confirms that the next batch of potential catalysts is in the pipeline.
• Leach Pad Sampling: This is an interesting, low-cost opportunity to assess near-surface antimony potential from historically mined material. Again, the results are pending, so the impact is neutral for now.
• Option Grant: The grant of 2.35 million options is a routine administrative item. The C$0.78 exercise price is in line with the current market price, which is standard.

The primary impact of this release is to maintain market interest and confirm that news flow is forthcoming. It bridges the gap between the last set of drill results and the next. The CEO's comment on a "strong treasury" is accurate, following the close of a C$10 million private placement on November 19, 2025, which significantly improved the company's financial position from the C$2.2M cash and working capital deficit reported as of September 30, 2025.

In summary, the news confirms progress but does not provide new, value-driving data. The market reaction is expected to be neutral to slightly positive as it awaits the material catalyst: the pending drill assays.

NevGold is a junior exploration and development company focused on projects in the Western USA. While it holds a portfolio including the Nutmeg Mountain Gold Project in Idaho (which has a 1.186 Moz Au Indicated and 0.548 Moz Au Inferred MRE as of Sept 2025) and the Zeus Copper Project in Idaho, its primary focus has shifted decisively to the Limousine Butte (Limo Butte) Project in Nevada.

Limo Butte has rapidly emerged as the company's flagship asset following the discovery of high-grade, near-surface, oxide antimony mineralization alongside gold. The project benefits from being a brownfield site with a large historical database. The company's strategy is to rapidly advance Limo Butte towards an initial Mineral Resource Estimate, capitalizing on antimony's status as a US-designated "Critical Mineral".