NevGold Drills 8.51 g/t Oxide AuEq Over 10.6 Meters (8.11 g/t Au And 0.10% Antimony) Within 2.32 g/t Oxide AuEq Over 86.8 Meters (1.94 g/t Au And 0.10% Antimony); Discovers High-Grade Oxide Gold-Antimony "Armory Fault" Structure At Bullet Zone
High-Grade "Armory Fault" Discovery Validates Oxide Model as Antimony Supply Squeeze Drives Nevada Exploration Value
The most recent news release (February 18, 2026) announces a new high-grade oxide gold-antimony discovery called the "Armory Fault" within the Bullet Zone at the Limousine (Limo) Butte Project in Nevada. Hole LB25-017 intercepted 8.51 g/t AuEq (8.11 g/t Au and 0.10% Antimony) over 10.6 meters, nested within a broader interval of 86.8 meters grading 2.32 g/t AuEq. This fault was not previously modeled, representing a significant structural breakthrough for the project. The company has now intercepted gold-antimony mineralization in every hole drilled at the Bullet Zone, validating their "under the upper dolomite" geological model. Assays for 12 additional holes from the 2025-2026 program remain pending.
- Geological Validation: The identification of the Armory Fault as a structural control for high-grade mineralization is a major de-risking event. It confirms that the high-grade discovery at the Bullet Zone is not an isolated hit but is tied to a repeatable geological structure.
- Resource Growth Potential: Terminating LB25-017 in mineralization suggests that the deposit remains open at depth and along strike. This discovery directly contributes to the upcoming initial Mineral Resource Estimate (MRE), likely increasing both grade and tonnage expectations.
- Strategic Commodity Timing: The continued focus on Antimony (Sb) is highly material. With gold prices modeled at $3,000/oz and Sb at $40,000/t for AuEq calculations, the company is positioning itself as a strategic U.S. domestic supplier of critical minerals amid global export restrictions from China.
- Operational Continuity: The company has successfully transitioned from an early-stage explorer to a systematic developer, as evidenced by the consistent news flow and successful $10M financing in late 2025.
NevGold Corp. is a junior explorer focused on gold and critical minerals in the Western United States. - Limousine Butte (Flagship): Located in Nevada, this project is a past-producing brownfield site. It has evolved into a high-grade oxide gold-antimony project. The project benefits from significant historical data and an existing Plan of Operations that allows for up to 200 acres of disturbance. - Nutmeg Mountain: An Idaho gold project with an Indicated Resource of 1.18M oz. It is characterized by low strip ratios and heap-leach potential. - Zeus: A copper porphyry exploration project in Idaho contiguous to Hercules Metals, targeting a new domestic copper trend.