NevGold Expands Oxide Gold and Antimony Mineralization at Nevada's Limousine Butte — Market IQ Media Group Limited (American News Group)

Event summary

NevGold reported oxide gold mineralization expansion both inside and outside the 2026 pit-shell at its Limousine Butte Project in Nevada.
Drill hole LB26-007 Lower intercepted 1.06 g/t oxide gold over 42.7 meters outside the pit-shell, while LB26-004 returned 5.00 g/t oxide gold over 3.0 meters inside the pit-shell.
Antimony was also detected in the system, with LB26-007 Upper returning 0.20% antimony over 16.8 meters.
The company has completed 40 holes with 33 assays still pending and is fully funded for the next 12 to 18 months with over $45 million in treasury.

The big picture

NevGold's findings are part of a broader trend in Nevada's oxide gold districts, where companies are re-examining historical data for critical minerals like antimony. The strategic shift is driven by antimony's designation as a critical mineral in the U.S. and tightening Chinese export controls. The company's ability to expand both oxide gold and antimony mineralization positions it favorably in a market increasingly focused on dual-revenue streams from established mining districts.

What we're watching

Resource Expansion: Whether the pending assays from the remaining 33 holes will confirm or contradict the current positive results.
Economic Viability: The pace at which NevGold can advance its Preliminary Economic Assessment and engineering studies to demonstrate the economic viability of the project.
Market Dynamics: How the company will leverage the spatially distinct gold-rich and antimony-rich domains to optimize production based on market conditions.