NevGold Corp. (“NevGold” or the “Firm”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is happy to announce further oxide gold-antimony (“Antimony”, “Sb”) outcomes extending mineralization over 1.7 kilometers on the Cadillac Valley goal at its Limousine Butte Undertaking (the “Undertaking”, “Limo Butte”) in Nevada. The Firm continues to unlock the substantial gold-antimony potential of the Undertaking, highlighting its promising prospects for additional exploration and improvement in Nevada, one of many world’s prolific mining jurisdictions.
Key Highlights
Expands oxide gold-antimony mineralization at Cadillac Valley over 1.7 kilometers with outcomes includingLB119: 2.28 g/t AuEq* over 30.5 meters (1.29 g/t Au and 0.22% Sb), inside 1.61 g/t AuEq* over 61.0 meters (1.08 g/t Au and 0.12% Sb)LB155: 1.01 g/t AuEq* over 36.6 meters (0.47 g/t Au and 0.12% Sb), inside 0.77 g/t AuEq* over 59.5 meters (0.40 g/t Au and 0.08% Sb)LB141: 1.03 g/t AuEq* over 12.2 meters (0.57 g/t Au and 0.10% Sb), inside 0.55 g/t AuEq* over 77.7 meters (0.41 g/t Au and 0.03% Sb)LIM-18: 0.86 g/t AuEq* over 22.9 meters (0.65 g/t Au and 0.05% Sb), inside 0.38 g/t AuEq* over 74.7 meters (0.25 g/t Au and 0.03% Sb) in gap on the most northeast a part of the Cadillac Valley goal (Determine 1)*Gold equivalents (“AuEq”) are based mostly on assumed metals costs of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% low cost to present spot costs), and assumed metals recoveries of 85% for gold and 70% for antimony.Mineralization at Cadillac Valley now expands over 1.7 kilometers northeast to southwest, and over 400 meters laterally (Determine 1, Determine 2)Over 27 oxide gold-antimony holes have been launched highlighting the constant outcomes throughout the 2 key superior goal areas at Limo Butte; 19 holes at Resurrection Ridge and eight holes at Cadillac Valley (Determine 3)Metallurgical testwork program continues with over 100 kg bulk pattern from the Undertaking and NevGold core drilling; constructive progress has been made and outcomes are anticipated over the approaching weeks
Limo Butte Deliberate 2025 Actions / Standing UpdateNevGold will proceed its lively exploration program at Limo Butte together with:
Consider the historic geological database with concentrate on gold and antimony (accomplished);Consider and re-analyze historic drilling with concentrate on gold and antimony (in progress, continues);Metallurgical testwork (in progress, outcomes over coming weeks);2025 drilling of gold-antimony targets (in planning section).
Determine 1 – Limousine Butte Gold-Antimony Undertaking with chosen gold-antimony drillhole outcomes from the Cadillac Valley Goal. To view picture please click on right here
Determine 2 – Limousine Butte Gold-Antimony Undertaking long-section at Cadillac Valley, with chosen gold-antimony drillhole outcomes. Skinny coloured discs present Antimony (Sb ppm) in drilling, and huge coloured discs present Gold (Au ppm) in drilling. To view picture please click on right here
Determine 3 – Limousine Butte Gold-Antimony Undertaking with chosen gold-antimony drillhole outcomes at Resurrection Ridge and Cadillac Valley. The overall strike size between Resurrection Ridge and Cadillac Valley is +5km.To view picture please click on right here
NevGold CEO, Brandon Bonifacio, feedback: “The current set of oxide gold-antimony outcomes from Cadillac Valley considerably will increase the scale of the mineralization footprint on the goal, which now extends over 1.7 kilometers northeast to southwest, and over 400 meters laterally. This can be very encouraging to see the constant gap thickness and oxide gold-antimony grades at each of our superior goal areas. We’re targeted on advancing each Resurrection Ridge and Cadillac Valley to the Mineral Useful resource Estimate (“MRE”) stage in 2025. We’ve got additionally progressed our gold and antimony metallurgical testwork program, which is advancing with Kappes, Cassiday, and Associates (“KCA”) of Reno, Nevada, and we predict outcomes over the approaching weeks. We strongly imagine now we have some of the superior gold-antimony property in america, and we are going to proceed to concentrate on unlocking the worth on the Undertaking over 2025.”
Historic and Re-Assayed Drill Outcomes
Gap IDLength, m*g/t Au% Sbg/t AuEq**From, mTo, mCadillac ValleyLB11961.01.080.12percent1.61146.3207.3 including30.51.290.22percent2.28152.4182.9LB15559.50.400.08percent0.7797.5157.0 including36.60.470.12percent1.0197.5134.1LB14177.70.410.03percent0.5561.0138.7 including12.20.570.10percent1.0361.073.2LIM-1874.70.250.03percent0.38129.5204.2 including22.90.650.05percent0.86129.5152.4LB22-007***169.20.890.18percent1.70213.5382.7 including54.42.260.13percent2.85213.5267.9 additionally including3.100.762.76percent13.15259.2267.9LB22-006***124.70.840.11percent1.34127.4252.1 including24.31.320.20percent2.23160.6184.9LB22-019***28.91.090.04percent1.27170.7199.6LB054***12.20.420.08percent0.7912.224.4
*Downhole thickness reported; true width varies relying on drill gap dip and is ~70% to ~90% of downhole thickness.**The gold equivalents (“AuEq”) are based mostly on assumed metals costs of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% low cost to present spot costs), and assumed metals recoveries of 85% for gold and 70% for antimony.***Chosen drillholes launched in earlier Information Launch on April 10, 2025.
Limo Butte Geology & Antimony SummaryA assessment of historic geochemical and drilling information on the Limousine Butte Undertaking has recognized a number of areas with sturdy gold-antimony potential. These zones correlate carefully with outcrops of the Devonian Pilot Shale, the first host rock for Carlin-type gold mineralization within the space. Constructive gold grade at Limousine Butte is often related to silicification and the formation of jasperoid breccias inside the Pilot Shale, an alteration characteristic additionally noticed within the constructive antimony outcomes.
Via the Undertaking information assessment, the Firm uncovered studies detailing two small-scale historic mining operations on the Nevada Antimony Mine and Lage Antimony Prospect inside the Limo Butte Undertaking boundary. The Nevada Antimony Mine featured two prospect pits that extracted stibnite (formulation: Sb2S3) from a hydrothermal breccia. The Lage Antimony Prospect reported historic unverified sampling outcomes with as much as 14.46% Antimony with further prospect pits extracting antimony.
Historic geochemical rock chip sampling inside the past-producing Golden Butte pit from a Brigham Younger College (“BYU”) Thesis examine produced quite a few outcomes that exceeded 1% antimony in jasperoid breccias (see Determine 1). A number of outcomes have been better than 5% antimony, together with a pattern of 9.6% antimony with seen stibnite and stibiconite. BYU Thesis Report
Determine 4 – Limousine Butte Undertaking with historic antimony in rock chips and soils. The overall strike size between Resurrection Ridge and Cadillac Valley is +5km. To view picture please click on right here
US Govt Order – Introduced March 20, 2025The Firm is happy to report the current, sweeping Govt Order to strengthen American mineral manufacturing and scale back U.S. reliance on overseas nations for its mineral provide. Antimony (Sb) has been recognized as an necessary “Essential Mineral” in america important for nationwide safety, clear vitality, and know-how functions, but no domestically mined provide presently exists.
The Govt Order invokes using the Protection Manufacturing Act as a part of a broad United States (“US”) Authorities effort to develop home minerals manufacturing on nationwide safety grounds. Because it pertains to challenge allowing, the Order states that it’s going to “establish precedence tasks that may be instantly authorized or for which allows may be instantly issued, and take all needed or acceptable actions…to expedite and subject the related permits or approvals.” Moreover, the Order contains provisions to speed up entry to personal and public capital for home tasks, together with the creation of a “devoted mineral and mineral manufacturing fund for home investments” underneath the Improvement Finance Company (“DFC”).
This decisive motion by the US Authorities highlights the pressing have to develop home minerals output to assist provide chain safety in america. This necessary Order will assist revitalize home mineral manufacturing by bettering the allowing course of and offering monetary assist to qualifying home tasks.
Significance of AntimonyAntimony is taken into account a “Essential Mineral” by america based mostly on the U.S. Geological Survey’s 2022 checklist (U.S.G.S. (2022)). “Essential Minerals” are metals and non-metals important to the financial system and nationwide safety. Antimony is utilized in all manners of navy functions, together with the manufacturing of armor piercing bullets, night time imaginative and prescient goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and manufacturing, tritium manufacturing, flares, navy clothes, and communication gear. Different makes use of embrace know-how (semi-conductors, circuit boards, electrical switches, fluorescent lighting, top quality clear glass and lithium-ion batteries) and clean-energy storage.
Globally, roughly 90% of the world’s present antimony provide is produced by China, Russia, and Tajikistan. Starting on September 15, 2024, China, which is liable for practically half of all world mined antimony output and dominates world refinement and processing, introduced that it’s going to prohibit antimony exports. In December-2024, China explicitly restricted antimony exports to america citing its twin navy and civilian makes use of, which additional exacerbated world provide chain considerations. (Lv, A. and Munroe, T. (2024)) The U.S. Division of Protection (“DOD”) has designated antimony as a “Essential Mineral” resulting from its significance in nationwide safety, and governments are actually prioritizing home manufacturing to mitigate provide chain disruptions. Tasks exploring antimony sources in North America play a key function in addressing these challenges.
Perpetua Sources Corp. (“Perpetua”, NASDAQ:PPTA, TSX:PPTA) has probably the most superior home gold-antimony challenge in america. Perpetua’s challenge, often called Stibnite, is situated in Idaho roughly 130 km northeast of NevGold’s Nutmeg Mountain and Zeus tasks. Constructive developments at Stibnite together with the technical improvement and allowing has led to US$75 million in Division of Protection (“DOD”) awards, and over $1.8 billion in indicative financing from the Export Import Financial institution of america (“US EXIM”) (see Perpetua Sources Information Launch from April 8, 2024) (Perpetua Sources. (2025))
Drillhole Orientation Particulars
Gap IDTarget ZoneEastingNorthingElevation (m)Size (m)AzimuthDipLB119CV66517144154532026269.7130-75LB155CV66463544146842058304.80-90LB-141CV66499544151672020163.1120-70LIM-18CV66542144156942034219.50-90LB22-007CV66521144154532031403.5254-86LB22-006CV66469244149212042379.8144-77LB22-019CV66443344143182096335.3116-66LB054CV66532344150902059157.00-90
Determine 5 – Limousine Butte Land Holdings and District Exploration Exercise To view picture please click on right here
Grant of Choices The Firm additionally publicizes that it has granted an combination of two,600,000 inventory choices of the Firm (every, a “Inventory Choice”) to sure administrators, officers and consultants of the Firm. Every Inventory Choice entitles the holder to amass one frequent share of the Firm at an train worth of $0.33 per share at various expiry dates between June 12, 2027 and June 12, 2030. The Inventory Choices have been issued pursuant to the phrases of the Firm’s inventory choice plan. The Inventory Choices granted to administrators, officers, and consultants of the Firm vest instantly, and the Inventory Choices granted to investor relations service suppliers vest within the quantity of 25% each three months following the date of grant over a 12-month interval.
ON BEHALF OF THE BOARD“Signed”
Brandon Bonifacio, President & CEO
For additional data, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, name 604-337-4997, or go to our web site at www.nev-gold.com.
Historic Knowledge ValidationNevGold QA/QC protocols are adopted on the Undertaking and embrace insertion of duplicate, clean and commonplace samples in all drill holes. A 30g gold hearth assay and multi-elemental evaluation ICP-OES technique was accomplished by ISO 17025 licensed American Assay Labs, Reno.
The Firm’s Certified Individual (“QP”), Greg French, Vice President, Exploration has accomplished a assessment of the historic information on this press launch. The historic information assortment chain of custody procedures and analytical outcomes by earlier operators seem enough and have been accomplished to trade commonplace practices. For the Newmont and US Gold information a 30g gold hearth assay and multi-elemental evaluation ICP-OES technique MS-41 was accomplished by ISO 17025 licensed ALS Chemex, Reno or Elko Nevada.
Geochemical ICP (5g) evaluation for the Wilson, Christianson and Tingey report was accomplished by Geochemical Companies Inc. and the XRF analyses (glass disk or pellets) by Brigham Younger College.
Technical data contained on this information launch has been reviewed and authorized by Greg French, CPG, the Firm’s Vice President, Exploration, who’s NevGold’s Certified Individual underneath Nationwide Instrument 43-101 and liable for technical issues of this launch.
In regards to the CompanyNevGold is an exploration and improvement firm concentrating on large-scale mineral programs within the confirmed districts of Nevada and Idaho. NevGold owns a 100% curiosity within the Limousine Butte and Cedar Wash gold tasks in Nevada, and the Nutmeg Mountain gold challenge and Zeus copper challenge in Idaho.
Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.
Cautionary Observe Concerning Ahead Wanting Statements
This information launch comprises forward-looking statements which can be based mostly on the Firm’s present expectations and estimates. Ahead-looking statements are continuously characterised by phrases akin to “plan”, “count on”, “challenge”, “intend”, “imagine”, “anticipate”, “estimate”, “counsel”, “point out” and different related phrases or statements that sure occasions or situations “might” or “will” happen. Ahead-looking statements embrace, however will not be restricted to, the proposed work applications at Limousine Butte, and the exploration potential at Limousine Butte. Such forward-looking statements contain recognized and unknown dangers, uncertainties and different components that might trigger precise occasions or outcomes to vary materially from estimated or anticipated occasions or outcomes implied or expressed in such forward-looking statements. Such dangers embrace, however will not be restricted to, normal financial, market and enterprise situations, and the flexibility to acquire all needed regulatory approvals. There may be some danger that the forward-looking statements won’t show to be correct, that the administration’s assumptions is probably not appropriate or that precise outcomes might differ materially from such forward-looking statements. Accordingly, readers shouldn’t place undue reliance on the forward-looking statements. Any forward-looking assertion speaks solely as of the date on which it’s made and, besides as could also be required by relevant securities legal guidelines, the Firm disclaims any intent or obligation to replace any forward-looking assertion, whether or not because of new data, future occasions or outcomes or in any other case. Ahead-looking statements will not be ensures of future efficiency and accordingly undue reliance shouldn’t be placed on such statements because of the inherent uncertainty therein.
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