Key Highlights
Among the highest gold-antimony grades seen so far at Resurrection Ridge together with: LIM-46: 7.04 g/t AuEq* over 15.2 meters (6.37 g/t Au and 0.15% Sb), inside 4.14 g/t AuEq* over 29.0 meters (3.56 g/t Au and 0.13% Sb LB016: 0.61 g/t AuEq* over 36.6 meters from floor (0.16 g/t Au and 0.10% Sb) extending mineralization over 400 meters alongside strike and opening up giant, undrilled areas of the Venture for additional enlargement; the mineralization footprint now expands over 800 meters at Resurrection Ridge (see Determine 1, Determine 2) inside a bigger +5 km strike size between Resurrection Ridge and Cadillac Valley (Determine 3) *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. Drillholes at Resurrection Ridge are drilled with spacing displaying robust potential to advance the Venture to an preliminary gold-antimony Mineral Useful resource Estimate (“MRE”) (see Determine 1) Over 20 holes have been launched so far; the Firm has greater than 30 holes with pending outcomes from Resurrection Ridge and Cadillac Valley Metallurgical testwork program has commenced with over 100 kg bulk pattern from the Venture and NevGold core drilling; outcomes are anticipated over the approaching weeks Resurrection Ridge and Cadillac Valley oxide gold-antimony mineralization demonstrates the important oxide gold-antimony potential throughout a big, open mineralized footprint (Determine 1, Determine 4) Vital antimony (Sb) upside: historic drilling had an higher detection restrict of 1% Sb however drill intervals exceeded the restrict ; these samples are presently being re-assayed at American Assay Lab in Reno, Nevada NevGold will proceed re-evaluating historic drilling from the Venture, specializing in each oxide gold and antimony
Limo Butte Deliberate 2025 Actions / Standing Replace
NevGold will proceed its lively exploration program at Limo Butte together with:
Consider the historic geological database with give attention to gold and antimony (in progress) ; Re-analyze historic drilling with give attention to gold and antimony (in progress) ; Metallurgical testwork (in progress) ; Drill take a look at gold-antimony targets (in planning section) .
Determine 1 – Limousine Butte Gold-Antimony Venture with chosen gold-antimony drillhole outcomes. To view picture please click on right here
Determine 2 – Limousine Butte Gold-Antimony Venture cross-section with chosen gold-antimony drillhole outcomes. Skinny coloured discs present Antimony (Sb ppm) in drilling, and large coloured discs present Gold (Au ppm) in drilling. To view picture please click on right here
Determine 3 – Limousine Butte Gold-Antimony Venture 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: “These outcomes have a few of the highest oxide gold-antimony grades that we have now seen so far at Limo Butte. We’ve got additionally began to increase the mineralization footprint at Resurrection Ridge, with over 800 meters outlined, and we nonetheless have over 30 holes to launch previous to commencing our 2025 drill program. We’re persevering with to see distinctive oxide gold-antimony outcomes throughout a big space on the Venture, and we’ll stay targeted on including to the mineralization footprint and filling in a few of the gaps within the gold-antimony geological database, with the objective of quickly advancing Limo Butte to an preliminary gold-antimony Mineral Useful resource Estimate (“MRE”) in 2025 . Our metallurgical testwork program continues to advance to stipulate the optimum flowsheet to get better the gold and antimony, and we predict outcomes over the approaching weeks. The atmosphere is perfect to proceed to advance and unlock the gold-antimony potential at Limo Butte as there’s a clear dedication from the USA to advance high-quality, home, mineral tasks .”
Historic and Re-Assayed Drill Outcomes
*Downhole thickness reported; true width varies relying on drill gap dip and is roughly 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 Releases on February 27, 2025, March 26, 2025, April 10, 2025, April 24, 2025, Might 13, 2025, and June 3, 2025.
**** Historic drilling had an higher detection restrict of 1% Sb however many drill intervals exceeded the restrict.
Limo Butte Geology & Antimony Abstract
A overview of historic geochemical and drilling knowledge on the Limousine Butte Venture has recognized a number of areas with robust gold-antimony potential. These zones correlate intently with outcrops of the Devonian Pilot Shale, the first host rock for Carlin-type gold mineralization within the space. Optimistic gold grade at Limousine Butte is usually related to silicification and the formation of jasperoid breccias inside the Pilot Shale, an alteration characteristic additionally noticed within the constructive antimony outcomes.
By the Venture knowledge overview, the Firm uncovered studies detailing two small-scale historic mining operations on the Nevada Antimony Mine and Lage Antimony Prospect inside the Limo Butte Venture boundary. The Nevada Antimony Mine featured two prospect pits that extracted stibnite (formulation: Sb 2 S 3 ) from a hydrothermal breccia. The Lage Antimony Prospect reported historic unverified sampling outcomes with as much as 14.46% Antimony with extra prospect pits extracting antimony.
Historic geochemical rock chip sampling inside the past-producing Golden Butte pit from a Brigham Younger College (“BYU”) Thesis research produced quite a few outcomes that exceeded 1% antimony in jasperoid breccias (see Determine 1). A number of outcomes have been larger than 5% antimony, together with a pattern of 9.6% antimony with seen stibnite and stibiconite . BYU Thesis Report
NevGold VP Exploration, Greg French, feedback: “These outcomes are a few of the strongest gold-antimony grades seen on the Venture. Additionally it is encouraging to see the mineralization lengthen alongside strike to the south the place there’s little antimony assay drill knowledge, and to the north the place there’s minimal historic drilling. With our sturdy understanding of the buildings and key mineralization host rocks, these areas might be a spotlight of our 2025 drilling as we glance to increase the oxide gold-antimony mineralization footprint alongside strike . We’re excited to begin our 2025 drill program shortly which might be targeted on strengthening our present gold-antimony geological database , together with making new gold-antimony discoveries. ”
Determine 4 – Limousine Butte Venture 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 Government Order – Introduced March 20, 2025
The Firm is happy to report the latest, sweeping Government Order to strengthen American mineral manufacturing and cut back U.S. reliance on international nations for its mineral provide . Antimony (Sb) has been recognized as an essential “Important Mineral” in the USA important for nationwide safety, clear vitality, and know-how purposes, but no domestically mined provide presently exists.
The Government Order invokes the usage of the Protection Manufacturing Act as a part of a broad United States (“US”) Authorities effort to increase home minerals manufacturing on nationwide safety grounds. Because it pertains to mission allowing, the Order states that it’s going to “determine precedence tasks that may be instantly authorised or for which allows might be instantly issued, and take all crucial or applicable actions…to expedite and situation the related permits or approvals.” Moreover, the Order consists of provisions to speed up entry to non-public and public capital for home tasks, together with the creation of a “devoted mineral and mineral manufacturing fund for home investments” underneath the Growth Finance Company (“DFC”).
This decisive motion by the US Authorities highlights the pressing have to increase home minerals output to help provide chain safety in the USA. This essential Order will assist revitalize home mineral manufacturing by enhancing the allowing course of and offering monetary help to qualifying home tasks.
Significance of Antimony
Antimony is taken into account a “Important Mineral” by the USA based mostly on the U.S. Geological Survey’s 2022 checklist (U.S.G.S. (2022)). “Important Minerals” are metals and non-metals important to the financial system and nationwide safety. Antimony is utilized in all manners of army purposes, together with the manufacturing of armor piercing bullets, evening 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, army clothes, and communication gear. Different makes use of embody 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 almost half of all world mined antimony output and dominates world refinement and processing, introduced that it’s going to limit antimony exports. In December-2024, China explicitly restricted antimony exports to the USA citing its twin army 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 “Important Mineral” resulting from its significance in nationwide safety, and governments are actually prioritizing home manufacturing to mitigate provide chain disruptions. Initiatives exploring antimony sources in North America play a key function in addressing these challenges.
Perpetua Assets Corp. (“Perpetua”, NASDAQ:PPTA, TSX:PPTA) has essentially the most superior home gold-antimony mission in the USA. Perpetua’s mission, often known as Stibnite, is positioned in Idaho roughly 130 km northeast of NevGold’s Nutmeg Mountain and Zeus tasks. Optimistic developments at Stibnite together with the technical growth 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 the USA (“US EXIM”) ( see Perpetua Assets Information Launch from April 8, 2024 ) (Perpetua Assets. (2025))
Drillhole Orientation Particulars
Determine 5 – Limousine Butte Land Holdings and District Exploration Exercise To view picture please click on right here
Engagement of Advertising Consultants
The Firm has retained Machai Capital Inc. (“Machai Capital”), based mostly in Vancouver, Canada, to supply advertising companies together with promoting, press launch distribution, native promoting of editorial, and extra companies as could also be decided. Machai Capital will make the most of its experience in branding, content material and knowledge optimization, SEO, search engine advertising, lead era, digital advertising, social media advertising, e mail advertising, and model advertising to reinforce the Firm’s advertising campaigns and enhance consciousness of the Firm. This system is budgeted for C$350,000 over a two-month time period beginning on June 1, 2025. Machai Capital and its principals have an arm’s size relationship with the Firm. Machai Capital presently owns 50,000 shares of the Firm.
The Firm has additionally retained Equedia Community Company (“Equedia Community”), based mostly in Vancouver, Canada, to supply promoting, press launch distribution, native promoting of editorial, and extra companies as could also be decided. This system will make the most of non-generic advertising channels to supply the Firm publicity to recent funding audiences. The promoting program is budgeted for C$150,000 over a six-month time period beginning on June 1, 2025. Equedia Community and its principals have an arm’s size relationship with the Firm.
Moreover, NevGold publicizes that it has entered right into a digital advertising companies settlement with Altura Media Co Inc. (“Altura”), who relies in British Columbia, for an preliminary three-month interval anticipated to begin on June 9, 2025. Underneath the settlement, Altura will present a complete suite of companies, together with digital promoting, media creation, social media advertising and shareholder communications. In consideration of its companies, the Firm can pay Altura Media a payment of as much as C$150,000. Altura and its principals have an arm’s size relationship with the Firm.
ON BEHALF OF THE BOARD
“Signed”
Brandon Bonifacio, President & CEO
For additional info, 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 Information Validation
NevGold QA/QC protocols are adopted on the Venture and embody insertion of duplicate, clean and commonplace samples in all drill holes. A 30g gold hearth assay and multi-elemental evaluation ICP-OES methodology was accomplished by ISO 17025 licensed American Assay Labs, Reno.
The Firm’s Certified Individual (“QP”), Greg French, Vice President, Exploration has accomplished a overview of the historic knowledge on this press launch. The historic knowledge assortment chain of custody procedures and analytical outcomes by earlier operators seem sufficient and have been accomplished to trade commonplace practices. For the Newmont and US Gold knowledge a 30g gold hearth assay and multi-elemental evaluation ICP-OES methodology 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 info contained on this information launch has been reviewed and authorised 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 Firm
NevGold is an exploration and growth 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 mission and Zeus copper mission in Idaho.
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
Cautionary Notice Relating to Ahead Trying Statements
This information launch accommodates forward-looking statements which are based mostly on the Firm’s present expectations and estimates. Ahead-looking statements are continuously characterised by phrases corresponding to “plan”, “anticipate”, “mission”, “intend”, “consider”, “anticipate”, “estimate”, “counsel”, “point out” and different related phrases or statements that sure occasions or situations “might” or “will” happen. Ahead-looking statements embody, 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 embody, however will not be restricted to, common financial, market and enterprise situations, and the flexibility to acquire all crucial regulatory approvals. There’s some danger that the forward-looking statements is not going to show to be correct, that the administration’s assumptions might not be right or that precise outcomes might differ materially from such forward-looking statements. Accordingly, readers mustn’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 on account of new info, 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 as a result of inherent uncertainty therein.
References
Blackmon, D. (2021) Antimony: The Most Vital Mineral You By no means Heard Of. Article Ready by Forbes.
Kurtenbach, E. (2024) China Bans Exports to US of Gallium, Germanium, Antimony in response to Chip Sanctions . Article Ready by AP Information.
Lv, A. and Munroe, T. (2024) China Bans Export of Important Minerals to US as Commerce Tensions Escalate . Article Ready by Reuters.
Lv, A. and Jackson, L. (2025) China’s Curbs on Exports of Strategic Minerals . Article Ready by Reuters.
Perpetua Assets. (2025) Antimony Abstract . Articles and Movies Ready by Perpetua Assets.
Sangine, E. (2022) U.S. Geological Survey, Mineral Commodity Summaries, January 2023 . Antimony Abstract Report ready by U.S.G.S
U.S.G.S. (2022) U.S. Geological Survey Releases 2022 Checklist of Important Minerals . Reported Ready by U.S.G.S
Wilson, D.,J., Christiansen, E., H., and Tingey, D., G., 1994, Geology and Geochemistry of the Golden Butte Mine- A Small Carlin- Kind Gold Deposit in Japanese Nevada: Brigham Younger College Geology Research, v.40, P.185-211. BYU V.40 P.185-211.
