NevGold Expands Oxide Gold and Antimony Mineralization at 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, terminating in 0.52 g/t oxide gold.
Drill hole LB26-004 returned 5.00 g/t oxide gold over 3.0 meters within a broader 1.23 g/t interval over 27.4 meters inside the pit-shell.
Antimony was also detected in the same system, with LB26-007 Upper returning 0.20% antimony over 16.8 meters.
NevGold is fully funded for the next 12 to 18 months with more than $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 established ground 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 focus on oxide mineralization, which is cheaper to process, highlights the potential for low-capital starter operations. NevGold's results, along with similar efforts by other companies, underscore the value of existing processing infrastructure in Nevada, which can turn scattered deposits into viable businesses.

What we're watching

Resource Expansion: Whether the pending assays from the remaining 33 drill 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 Limousine Butte Project.
Market Dynamics: How the company will leverage the spatially distinct gold-rich and antimony-rich domains to optimize production based on market conditions.