Northwire Canada EditionThursday, November 12, 2026
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Gold 3,942.40 −1.4% Silver 50.96 −2.0% Copper 6.20 −1.4% Oil 87.37 +1.0% Palladium 1,005.00 −3.9% NAU 0.530 −1.9% AHR 0.920 −1.1% VLD 0.400 +0.0% CPER 0.020 +0.0% STND 0.060 +0.0% SAU 0.140 +0.0% CAMB 0.600 +0.0% TUO 1.46 −1.4% ANK 0.330 −1.5% SLG 5.92 −5.1% NMC 0.490 −3.9% CDB 0.275 +0.0% TIGR 0.610 −4.7% PPP 0.610 +0.0% TK 0.375 +7.1% IE 10.62 −2.0% Gold 3,942.40 −1.4% Silver 50.96 −2.0% Copper 6.20 −1.4% Oil 87.37 +1.0% Palladium 1,005.00 −3.9% NAU 0.530 −1.9% AHR 0.920 −1.1% VLD 0.400 +0.0% CPER 0.020 +0.0% STND 0.060 +0.0% SAU 0.140 +0.0% CAMB 0.600 +0.0% TUO 1.46 −1.4% ANK 0.330 −1.5% SLG 5.92 −5.1% NMC 0.490 −3.9% CDB 0.275 +0.0% TIGR 0.610 −4.7% PPP 0.610 +0.0% TK 0.375 +7.1% IE 10.62 −2.0%
Drill Results

NevGold Intercepts Strongest Result To Date in 2026: 8.28 g/t Oxide Au Over 3.0 Meters Within 1.73 g/t Oxide Au Over 45.7 Meters

By The Northwire Desk — AI Analysis Nov 12, 2026 · 07:45 NAU · 0.53 Nevgold Corp.
NAU · Price

NevGold Corp. (NAU) announced additional oxide gold-antimony assay results from its 2026 drill program at the Limousine Butte Project in Nevada, highlighting significant high-grade intercepts that extend mineralization both inside and outside the current 2026 Mineral Resource Estimate (MRE) pit-shell. The company reported that approximately 16,000 meters have been completed across 70 holes, with assays pending from 54 additional holes, while advancing a Preliminary Economic Assessment (PEA) targeted for completion in Q1 2027.

The strongest result to date, Hole LB26-009, intersected up to 14.50 g/t oxide Au, including a high-grade interval of 8.28 g/t oxide Au over 3.0 meters within a broader zone of 1.73 g/t oxide Au over 45.7 meters. In the lower zone expansion inside the 2026 pit-shell, Hole LB26-009 returned:

  • 82.3m at 1.04 g/t Au, 0.06% Sb, 1.26 g/t AuEq from 167.6m to 249.9m.
  • Including: 45.7m at 1.73 g/t Au, 0.07% Sb, 2.02 g/t AuEq from 178.3m to 224.0m.
  • Also Including: 3.0m at 8.28 g/t Au, 0.06% Sb, 8.50 g/t AuEq from 214.9m to 217.9m.
  • Also Including: 1.5m at 14.50 g/t Au, 0.08% Sb, 14.82 g/t AuEq from 214.9m to 216.4m.

In the upper zone expansion inside the 2026 pit-shell, Hole LB26-009 returned:

  • 50.3m at 0.18% Sb from 7.6m to 57.9m.
  • Including: 10.7m at 0.45% Sb from 36.6m to 47.2m.
  • Also Including: 3.0m at 1.19% Sb from 42.7m to 45.7m.

Hole LB26-017, which expanded mineralization inside and outside the 2026 pit-shell, returned:

  • 76.2m at 0.27 g/t Au, 0.17% Sb, 0.92 g/t AuEq from 16.8m to 100.6m.
  • Including: 48.8m at 0.37 g/t Au, 0.23% Sb, 1.27 g/t AuEq from 44.2m to 100.6m.
  • Also Including: 12.2m at 1.19 g/t Au, 0.50% Sb, 3.13 g/t AuEq from 45.7m to 57.9m.

Hole LB26-019 returned:

  • 105.2m at 0.19 g/t Au, 0.05% Sb, 0.39 g/t AuEq from 48.8m to 153.9m.
  • Including: 15.2m at 0.31 g/t Au from 48.8m to 64.0m.
  • Also Including: 6.1m at 0.20 g/t Au, 0.29% Sb, 1.33 g/t AuEq from 103.6m to 109.7m.

Hole LB26-025 returned:

  • 9.1m at 0.22% Sb from 89.9m to 99.1m.
  • 10.7m at 0.27 g/t Au from 106.7m to 117.3m.

Assay results were completed by ISO 17025 certified American Assay Labs in Reno using 30g gold fire assay and multi-elemental analysis ICP-OES. QA/QC protocols included the insertion of duplicate, blank, and standard samples. Values less than 0.10 g/t Au and 0.05% Sb are not included in the reported intervals. The AuEq calculation is based on assumed metals prices of US$3,000/oz gold and US$40,000/tonne antimony, with assumed recoveries of 80% for gold and 75% for antimony. Downhole thickness is reported, with true width estimated at approximately 70% to 90% of downhole thickness.

The company’s geological model validates that Devonian-Silurian dolomite was thrust over the prospective Pilot Shale unit, preserving the host rock at depth and focusing Au-Sb mineralization along structurally prepared horizons. The preserved Pilot Shale extends more than one kilometer east of prior drilling. NevGold is continuing metallurgical testwork and early permitting, with the PEA Engineering Study targeted for completion in Q1 2027. The company has targeted 20,000 meters for 2026.

Brandon Bonifacio, CEO, stated: “The 2026 drill program at Limo Butte continues to deliver exceptional results, expanding mineralization beyond the boundaries of the current resource and supporting our objective of growing both the scale and quality of the 2026 MRE released in July. We are particularly encouraged by the consistency of high-grade oxide gold-antimony mineralization encountered on the eastern side of the Resurrection Ridge resource area. Hole LB26-009 was the strongest hole to date from our 2026 program intercepting grade up to 14.50 g/t oxide Au, with larger intervals of 8.28 g/t oxide Au over 3.0 meters within 1.73 g/t oxide Au over 45.7 meters. The program remains on schedule and under budget... The combination of exceptional results received, a substantial volume of assays still pending, and increasing confidence in our geological model reinforces our belief that Limo Butte is emerging as one of the most significant gold-antimony development projects in the United States.”

Read the original news release →

More from Nevgold Corp.

Oct 22, 2026 · 07:45

Nevgold reports high-grade gold intercepts in a 12-metre zone, though antimony-priced gold-equivalent values inflate the reported grades.

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Drill Results Aug 18, 2026 · 12:10

Nevgold’s third-party commentary supports its July mineral resource estimate without providing new catalysts to reverse the company’s recent share price decline.

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