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NevGold Announces Positive, Consistent Drill Results on Historic Gold Leach Pads Including 0.34% Antimony And 0.41 g/t Au Over 12.5 Meters; Path to Near-Term Antimony Production Continues

NevGold Validates Near-Term Antimony Production Path With Consistent Leach Pad Grades

By The Northwire Desk — AI Analysis Apr 14, 2026 · 07:45 NAU · 2.04 Nevgold Corp.

Executive Summary

Date: April 14, 2026.
Headline: NevGold Announces Positive, Consistent Drill Results on Historic Gold Leach Pads Including 0.34% Antimony And 0.41 g/t Au Over 12.5 Meters; Path to Near-Term Antimony Production Continues.
Core Announcement: The company reported sonic drill results from historic leach pads at the Limousine Butte Project in Nevada.
Key Grades: Multiple holes returned consistent antimony (Sb) and gold (Au) grades, with highlights including 0.34% Sb and 0.41 g/t Au over 12.5 meters. These grades are comparable to or higher than previous Phase I test pit sampling averages (0.27% Sb).
Timeline: Maiden Antimony-Gold Mineral Resource Estimate (MRE) expected in Q2-2026. Target for commercial antimony production remains 2027 via re-processing of historic pads.
Metallurgy: Confirmed sequential recovery results where antimony leaching has minimal impact on subsequent gold recovery.
Marketing Agreement: Retained GRA Enterprises LLC for US$100,000 over 12 months to support marketing efforts.

Material Impact

Expectation vs. Reality: This news is consistent with the trajectory established since late 2025. In January 2026, management announced Phase I pit sampling was complete and results were pending. This April release confirms those results are positive and consistent.
Price Context: The stock price has appreciated significantly from ~$0.30 in mid-2025 to $2.04 by April 2026, largely pricing in the successful exploration campaign (Bullet Zone, Armory Fault) and metallurgical success. This specific release validates the production thesis rather than discovering new high-grade zones.
Risk Mitigation: Confirming consistent grades on historic leach pads de-risks the near-term cash flow scenario (2027), which is a key investment thesis for this stage of development. However, it does not materially alter the timeline or capital requirements beyond what was previously communicated in Q1 2026 updates.
Conclusion: The news is positive but expected given the preceding months of drill results and metallurgical confirmations. It reinforces the existing valuation rather than triggering a re-rating event.

NAU · Price

Company Overview

Company: NevGold Corp. is a mineral exploration company focused on gold and antimony assets in Nevada and Idaho.
Flagship Project: Limousine Butte Project (Nevada). This asset hosts oxide gold-antimony mineralization with historic leach pads containing previously mined material suitable for re-processing.
Other Assets: Nutmeg Mountain (Idaho, Gold), Zeus Copper Project (Idaho, Copper).
Strategy: Leverage near-surface high-grade deposits and critical mineral status of antimony to advance toward production by 2027.

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