NevGold Intercepts 1.06 g/t Oxide Au Over 42.7 Meters Outside of 2026 MRE Pit-shell; Mineralization Also Expanded Inside Pit-Shell With 5.00 g/t Oxide Au Over 3.0 Meters Within 1.23 g/t Oxide Au Over 27.4 Meters at Limo Butte, Nevada
Nevgold expands the Limo Butte oxide gold resource with low-grade intercepts but reports no high-grade antimony repeat.
Nevgold Corp. (NAU) released drill assay results on September 17, 2026, detailing additional 2026 data from the Resurrection Ridge area of its Limousine Butte gold-antimony project in Nevada. The company reports that the new data indicates an expansion of oxide gold mineralization both inside and outside the pit-shell defined in the July 2026 Mineral Resource Estimate.
Key intercepts from the release include:
- LB26-007 Lower: 1.06 g/t oxide Au over 42.7 m from 242.3 m to 285.0 m, including 1.89 g/t Au over 18.3 m; hole terminated in 0.52 g/t Au.
- LB26-007 Upper: 0.20% Sb over 16.8 m from 29.0 m to 45.7 m; AuEq 0.79 g/t.
- LB26-004: 1.23 g/t oxide Au over 27.4 m from 164.6 m to 192.0 m, including 5.00 g/t Au over 3.0 m.
- LB26-005: 0.13 g/t Au over 36.6 m, including 10.7 m at 0.20 g/t Au and 0.09% Sb, AuEq 0.57 g/t.
- LB26-006: 0.18 g/t Au over 30.5 m, including 6.1 m at 0.51 g/t Au and 0.14% Sb, AuEq 1.06 g/t.
The current drilling program has completed 40 holes, representing approximately 9,000 m of a planned 20,000 m campaign. Following this release, 33 holes remain with assays pending. Nevgold states it is fully funded for the next 12 to 18 months, holding over $45 million in treasury, while advancing a Preliminary Economic Assessment and engineering studies.
Nevgold Corp. (NAU) released results that modestly expand mineralization inside and outside the existing MRE pit-shell, with most reported intervals exceeding the 0.30 g/t AuEq resource cutoff. However, the grades remain low, true widths are typical for a bulk open-pit system, and no high-grade antimony was delivered.
The market’s expectation anchor has already reset. The stock rose from C$0.29 in September 2025 to C$3.03 in May 2026 following the discovery and maiden MRE, then fell to C$0.94 by September 16, 2026. The initial 2026 drilling release in late August, which reported 1.38 g/t AuEq over 50.3 m including high-grade antimony, was below prior anchors and the market continued to sell. Consequently, the current weak-to-modest result is not being compared against a fully embedded bonanza expectation.
For a pre-revenue explorer with a large but overwhelmingly Inferred low-grade oxide resource, this release serves as incremental confirmation and modest expansion.
NevGold Corp. is a Vancouver-based pre-revenue gold and critical metals explorer. Its principal assets include the Limousine Butte project in Nevada, a Carlin-style oxide gold-antimony site that released its maiden mineral resource estimate on July 15, 2026. The resource comprises 181,400 oz Au Measured and Indicated and 1,203,500 oz Au Inferred, along with approximately 29,600 t Sb Measured and Indicated and 48,100 t Sb Inferred. The project also holds near-term antimony production potential from historical leach pads.
Other assets include the Cedar Wash gold-silver exploration project in Nevada, and two projects in Idaho: the Nutmeg Mountain heap-leach gold project and the early-stage Zeus Copper project on the Hercules Copper Trend. The Nutmeg Mountain project reported a 2025 mineral resource estimate of 1,186,000 oz Au Indicated at 0.50 g/t and 548,000 oz Au Inferred at 0.34 g/t.
The company has approximately 173.38 million common shares outstanding, 13.93 million options, and 14.58 million warrants. It held a cash balance of about C$45.5 million as of July 31, 2026. NevGold Corp. is an exploration-stage company with no revenue.