NevGold Intercepts 5.89% Antimony Over 3.0 Meters Within 2.67 g/t AuEq Over 53.3 Meters (0.59% Antimony And 0.36 g/t Au) At Bullet Zone, and Makes New Oxide Gold Discovery Over 150 Meters East

On January 22, 2026, NevGold Corp. announced additional drill results from its Limousine Butte (Limo Butte) project in Nevada. The highlight is the intersection of high-grade antimony at the "Bullet Zone," returning 5.89% Antimony (Sb) over 3.0 meters within a broader interval of 53.3 meters grading 0.36 g/t Gold Equivalent (AuEq).

Additionally, the company reported a new oxide gold discovery 150 meters east of the known mineralization (Hole LB25-012), intercepting 147.8 meters of 0.23 g/t Au. The company has completed 30 holes in the 2025-2026 program and is actively working toward a production scenario by leveraging historical leach pads and the new high-grade antimony zones.

This news is Material - Positive. * Thesis Validation: The discovery of 5.89% Sb confirms that the "Bullet Zone" (first reported Dec 2025) is not an isolated hit but a high-grade structural zone. With Antimony prices high and geopolitical supply constraints (China export restrictions), this grade is economically significant. * Expansion: The step-out drilling (LB25-012) demonstrates the system is open to the East. While the gold grade (0.23 g/t) is low, the intercept width (147.8m) suggests a large-scale bulk tonnage oxide system. * Strategic Shift: The company has successfully pivoted its narrative from a pure oxide-gold explorer to a US-domestic critical minerals (Antimony) player. This aligns with US defense interests and de-risks the low-grade gold aspect of the project. * Risk: The primary risk remains the low grade of the gold "halo." 0.23 g/t Au is marginal for many operators; the project's economics are becoming increasingly dependent on the high-grade Antimony kicker.

• Company: NevGold Corp. (TSXV: NAU) is a mineral exploration company focused on gold and critical minerals in the Western USA.
• Flagship Project: Limousine Butte (Limo Butte), Nevada.
  • Type: Oxide Gold and Antimony (Sb).
  • Location: South of the Bald Mountain Mine (Kinross) in the Golden Butte/Limousine Butte trend.
  • Key Features: Historical heap leach pads (potential near-term cash flow), Cadillac Valley (gold), and the newly discovered Resurrection Ridge/Bullet Zone (high-grade Antimony-Gold).
• Other Assets:
  • Nutmeg Mountain (Idaho): 2023 MRE Indicated 1.18M oz Au, Inferred 548k oz Au.
  • Zeus (Idaho): Copper porphyry exploration (surface samples up to 3.79% Cu).