NevGold Drill Results Boost Antimony-Gold Potential at Limousine Butte
Event summary
- NevGold's sonic drill results from historic gold leach pads at Limousine Butte show elevated antimony (0.34% Sb) and gold (0.41 g/t Au) grades over significant intervals.
- The company plans to complete a maiden antimony-gold Mineral Resource Estimate (MRE) in Q2 2026, targeting near-term antimony production by 2027.
- Metallurgical testwork indicates strong geometallurgical characteristics, with leaching as the preferred recovery method for antimony.
- Antimony recovery has minimal impact on gold recovery, allowing for potential future gold extraction after antimony processing.
The big picture
NevGold's positive drill results at Limousine Butte highlight the growing potential of historic leach pads as a source of antimony and gold. The company's focus on near-term production aligns with the increasing demand for critical minerals, particularly antimony, which is essential for strategic and military applications. The successful integration of metallurgical testwork and drill results positions NevGold to potentially become one of the few commercial-scale antimony producers in the United States.
What we're watching
- Resource Estimate Timing
- Whether the maiden antimony-gold MRE will meet the Q2 2026 deadline and its potential impact on production timelines.
- Production Feasibility
- The pace at which NevGold can advance to near-term antimony production by 2027, given the drill results and metallurgical data.
- Market Dynamics
- How the strategic importance of antimony as a critical mineral will influence NevGold's valuation and investor interest.
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