NevGold Intercepts Consistent Oxide Antimony-Gold Mineralization in All Drillholes From Historic Crushed Leach Pad Including 0.32% Antimony And 0.39 g/t Au Over 14.9 Meters
Steady grades from Limousine Butte’s historic leach pads keep the near-term antimony production story on track; the real catalyst is the maiden resource estimate due this quarter.
The most recent release (May 14, 2026) reports antimony‑gold assay results from the remaining sonic drillholes on the crushed leach pad at the Limousine Butte Project. All holes intercepted consistent oxide mineralization, with grades ranging from 0.16 % Sb to 0.32 % Sb and 0.28 g/t Au to 0.41 g/t Au over widths of 11.9 m to 18.0 m. These results mirror – and slightly expand – the previously announced leach‑pad intercepts from April 14, 2026. The company reiterates that the leach‑pad material is at surface, requires no new mining, and is a potential source of near‑term antimony production by 2027. A maiden antimony‑gold Mineral Resource Estimate (MRE) is being advanced.
The new data are incrementally positive but not a game changer. They confirm continuity and grade uniformity across the crushed leach pad, which de‑risks the leach‑pad resource base ahead of the MRE. However, the results are fully in line with earlier Phase I pit sampling (average 0.27 % Sb, 0.34 g/t Au) and the April 14 sonic holes. No new discoveries, no significant grade improvement, and no economic or production‑related advancement are disclosed. The announcement simply completes the leach‑pad assay suite. For a company that has already raised C$42 million and seen its stock re‑rate dramatically on antimony‑supply‑chain tailwinds, this news is expected and does not materially alter the investment thesis.
NevGold is a Nevada‑focused explorer/developer with a primary asset in the Limousine Butte Project (White Pine County). The project hosts a large, near‑surface oxide gold‑antimony system spanning Resurrection Ridge, Cadillac Valley, and the newly discovered Bullet Zone/Armory Fault. A historical 2009 resource (treated as historical) showed 241 koz Au M&I, but it did not include antimony. NevGold’s 2025‑2026 drill programs have consistently intercepted high‑grade antimony and gold, validating a new geological model that puts the Pilot Shale host >1 km east of prior drilling.
Key differentiator: the presence of historically mined and leached material (crushed and ROM pads) that still contains significant antimony. This material is already on surface and permitted under an existing Plan of Operations, offering a low‑capex path to near‑term antimony production by 2027. Metallurgical testwork (up to 92 % Sb recovery, >99 % Au recovery sequentially) supports on‑site processing.
Secondary assets: Nutmeg Mountain (Idaho) with a 2025 MRE of 1.19 Moz Au Indicated and 0.55 Moz Inferred, and the Zeus Copper project (Idaho) in early exploration.