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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

America's Brownfield Antimony Play: Every Drillhole Hits as Nevada Project Targets 2027 Production

NevGold Confirms Brownfield Antimony Path to Production as Stock Surges 9x on Critical Mineral Momentum

By The Northwire Desk — AI Analysis May 25, 2026 · 09:50 NAU · 2.68 Nevgold Corp.
Executive Summary
  • Core Announcement: NevGold Corp. reported positive oxide antimony and gold mineralization in all 17 sonic drillholes from the historic Crushed leach pad at its Limousine Butte project in Nevada.
  • Drilling Results: Intercepts included 0.32% Sb and 0.39 g/t Au over 14.9 meters, confirming consistent grades across the historic material.
  • Production Timeline: The release reinforces a target for antimony production by 2027 using existing, unprocessed material from 1989–1990 mining operations.
  • Industry Context: The news highlights broader sector strength, including a $2.9 billion loan approval for Perpetua Resources' Stibnite project and strong Q1 financials for Idaho Strategic Resources and Almonty Industries.
  • Milestones: Company is advancing a maiden antimony-gold Mineral Resource Estimate (MRE) and commencing a 20,000-meter 2026 drill program focused on expansion.
Material Impact
  • Validation of Thesis: The news confirms the viability of reprocessing historic leach pads for near-term production, de-risking the brownfield scenario previously outlined in April/May 2026 releases.
  • Priced In Expectations: Given the stock's rally from ~$0.30 to $2.68 over the past year and the C$42 million financing closed at $1.90 in May, much of this positive confirmation is already reflected in the share price. The market has anticipated the success of the leach pad drilling based on earlier metallurgical and resource updates.
  • Incremental Progress: While "Every Drillhole Hits" is technically strong, it serves as a consolidation of data rather than introducing a new valuation driver (e.g., no PEA or Feasibility Study released). It supports the existing 2027 production timeline announced in previous months.
  • Sector Tailwinds: The mention of Perpetua Resources' $2.9 billion loan validates the macro thesis for U.S. antimony independence, providing a favorable backdrop but not specific company upside beyond NevGold's own project status.
NAU · Price
Company Overview
  • Company: NevGold Corp (TSXV: NAU).
  • Flagship Project: Limousine Butte (Nevada) - Oxide Gold-Antimony deposit.
    • Status: Development/Exploration targeting 2027 production.
    • Key Feature: Brownfield site with at-surface oxide mineralization in historic leach pads, avoiding complex sulphide processing.
  • Secondary Projects:
    • Nutmeg Mountain (Idaho) - Gold project with updated MRE (1.2Moz Indicated).
    • Zeus Copper Project (Idaho) - Exploration stage on Hercules Copper Trend.
  • Management: Brandon Bonifacio (CEO), Greg French (VP Exploration/Qualified Person).
Read the original news release →

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