NevGold Identifies Large Quantities of Previously Mined Material With Significant Antimony And Near-Term Production Potential In Historical Leach Pads at Limo Butte, Nevada
NevGold pivots to surface stockpile strategy as Limo Butte leach pads emerge as strategic antimony cache.
The news release dated January 6, 2026, reports positive sampling results from historical gold leach pads at the Limousine Butte (Limo Butte) Project in Nevada. The company has identified between 2.4 and 3.0 million tonnes of previously mined material. Sampling of the "Crushed Pad" averaged 0.27% Sb (Antimony) and 0.34 g/t Au (Gold), while the "ROM Pad" averaged 0.31% Sb and 0.18 g/t Au. Metallurgical testing indicated antimony recoveries as high as 92% using acid leaching. The company is framing this as a near-term production opportunity that can generate cash flow while they develop the larger gold-antimony resource at the site.
This is a material positive development for several reasons: - Low-Cost Entry to Production: The material is already on the surface. This bypasses the traditional mining costs of blasting and hauling from a pit, significantly reducing the capital intensity of a potential startup. - Strategic Commodity Alignment: By focusing on Antimony (Sb), NevGold is aligning itself with the U.S. government’s push for domestic critical minerals following China’s export restrictions. This increases the likelihood of securing non-dilutive government funding or expedited permitting. - De-risking Metallurgy: The 92% recovery rate is exceptionally high for antimony, which is often metallurgically complex. This de-risks the technical path to revenue. - Secondary Gold Value: While the grades are low, the presence of gold in the leach pads provides a meaningful "by-product" credit that could lower the net cost of antimony production.
NevGold is a North American explorer with a portfolio focused on Nevada and Idaho. The flagship is the Limousine Butte Project (Nevada), a past-producing mine site (Golden Butte) that produced ~100k oz of gold. The project is being re-evaluated for its combined Gold and Antimony potential. The company also holds the Nutmeg Mountain Gold Project in Idaho (1.18M oz Indicated Au) and the Zeus Copper Project.