NevGold Discovers High-Grade Gold-Antimony Armory Fault at Limousine Butte
Event summary
- NevGold drilled 8.51 g/t oxide AuEq over 10.6 meters within 2.32 g/t oxide AuEq over 86.8 meters at the Bullet Zone.
- The discovery of the Armory Fault identifies a key structural control of high-grade oxide gold-antimony mineralization.
- All drillholes at the Bullet Zone intercepted significant oxide gold-antimony mineralization, expanding the mineralization footprint.
- NevGold plans to continue drilling in 2026 to further test the high-grade Bullet Zone and Armory Fault discoveries.
- Antimony is a critical mineral with strategic importance for military and clean-energy applications.
The big picture
The discovery of the Armory Fault at the Bullet Zone is a significant step in defining the high-grade structural controls of mineralization at NevGold's Limousine Butte Project. This discovery comes at a time when antimony is increasingly recognized as a critical mineral due to its strategic importance in military and clean-energy applications. The U.S. Department of Defense has designated antimony as a critical mineral, and projects like NevGold's Limousine Butte play a key role in addressing supply chain disruptions. The project's proximity to Perpetua Resources Corp.'s Stibnite project in Idaho further highlights the strategic importance of domestic antimony production in the United States.
What we're watching
- Resource Expansion
- Whether NevGold can sustain the high-grade mineralization intercepts in future drilling programs.
- Geological Model Validation
- How the new geological model will guide further exploration and resource estimation.
- Strategic Positioning
- The pace at which NevGold can advance the Limousine Butte project toward near-term antimony production.
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