Nevgold Files NI 43-101 Technical Report For Mineral Resource Estimate on the Limousine Butte Gold-Antimony Project, Nevada

NevGold Corp. filed a NI 43-101 Technical Report supporting its maiden Mineral Resource Estimate (MRE) for the Limousine Butte gold-antimony project in Nevada, effective July 15, 2026. The MRE defines a total resource of 132.7 million tonnes (Mt) at 0.35 g/t AuEq, containing approximately 1.38 million ounces of gold and 207,500 tonnes of antimony.

The Measured & Indicated (M&I) classification stands at 15.2 Mt at 0.37 g/t Au, 1.15 g/t Ag, and 0.21% Sb. Inferred classification comprises 117.5 Mt at 0.32 g/t Au, 0.61 g/t Ag, and 0.09% Sb. Antimony-specific sub-domains include 11.3 Mt M&I at 0.26% Sb and 26.9 Mt Inferred at 0.18% Sb.

Cut-off sensitivity analysis shows resource tonnage expands significantly at lower grades, such as 132.7 Mt at 0.30 g/t AuEq cutoff and 245.0 Mt at 0.15 g/t Au cutoff for Northern Zones. The company notes that recent 2026 drill results have already expanded mineralization beyond the initial MRE block model, with over 35 additional holes pending assay results.

The Qualified Person is Greg French, CPG, VP Exploration. Technical report authors are Gregory Z. Mosher, P. Geo, and Daniel W. Kappes, P.E.

Nevgold Corp. (NAU) released its maiden Mineral Resource Estimate (MRE), a milestone that validates the company’s geological model and confirms a large-scale, near-surface oxide gold-antimony system. The headline grades are modest, with a base case of 0.35 g/t AuEq, meaning economic viability will heavily depend on bulk tonnage, metallurgical recoveries, and the strategic premium placed on domestic antimony supply.

The stock has already priced in significant exploration success, rallying from approximately $0.30 in late 2025 to a peak of $3.03 in May 2026. The subsequent approximately 50% decline suggests the market is discounting execution risk, dilution from the May $42.2M private placement, and the long timeline to production.

The release was expected, as the company targeted a Q2 2026 MRE, with the filing in late August serving as a routine follow-through. While positive, the company remains pre-revenue and pre-feasibility, relying on continued equity financing to advance engineering studies and permitting.

The strategic antimony component serves as the primary differentiator. U.S. defense demand and supply chain vulnerabilities provide a narrative tailwind, but without a Preliminary Economic Assessment (PEA) or engineering study, the financial impact remains theoretical.

NevGold Corp. (NAU) is a pre-revenue exploration and development company focused on critical minerals and precious metals in top-tier Western U.S. jurisdictions. The company’s flagship project is Limousine Butte in Nevada, a brownfield, near-surface oxide gold-antimony deposit with historical mining activity. The project features two development scenarios: Phase 1 (Jumpstart Antimony) targeting reprocessing of historical leach pads by 2027-2028, and Phase 2 (Golden Bullet) targeting a full-scale open-pit operation by 2029-2030.

The company’s portfolio includes Nutmeg Mountain, a gold project in Idaho with an updated mineral resource estimate in September 2025; Cedar Wash, a gold-silver project in Nevada; and Zeus Copper, an early exploration project in Idaho. Management is led by CEO Brandon Bonifacio, with a board featuring extensive mining, permitting, and corporate finance experience in the Western U.S.