Nevgold starts drilling at Limousine Butte project

Executive Summary

• Nevgold Corp. has commenced a 5,000‑metre RC drill program in 2025 at the Limousine Butte (Limo Butte) gold‑antimony project in Nevada, targeting Resurrection Ridge and Cadillac Valley.
• The program aims to generate an initial oxide gold‑antimony mineral resource estimate (MRE), the first such effort focused on both gold and antimony for this project.
• Additional stibiconite (oxide antimony) outcrops were exposed during road and drill‑pad construction, indicating strong geological potential east of Resurrection Ridge.

Key Details

• Drill Program Scope: 5,000 m total RC drilling; initial phase begins at Resurrection Ridge.
• Target Areas: Resurrection Ridge and Cadillac Valley – both identified as the project’s most advanced targets.
• Objective: Advance Limo Butte to an initial oxide gold‑antimony MRE by combining delineation and expansion holes, leveraging a large historical drill database.
• First Drill Under PoO Permit: This is the inaugural drill campaign conducted under the approved Plan of Operations (PoO) permit, which now covers additional untested targets on the property.
• New Mineral Outcrops: Construction activities revealed further stibiconite outcrops on the eastern side of Resurrection Ridge, suggesting mineralization open to the east.
• QA/QC Protocols: Duplicate, blank, and standard samples inserted in all holes; 30‑g fire assay and multielemental ICP‑OES analysis performed by ISO 17025‑certified labs (American Assay Labs, ALS Chemex).
• Qualified Person Review: Greg French, VP Exploration and QP under NI 43‑101, reviewed historical data and approved technical information in the release.

Notable Quotes

“We are excited to commence our 2025 drill program at Limo Butte with the objective of advancing the project to an initial oxide gold‑antimony mineral resource estimate (MRE). … Our focus remains on unlocking the gold‑antimony potential at Limo Butte as there is a strong macroeconomic environment and clear commitment from the United States to advance high‑quality, domestic, mineral projects.” – Brandon Bonifacio, CEO, Nevgold Corp.