NevGold Expands Limousine Butte Resource with High-Grade Antimony-Gold Drill Results
Event summary
- NevGold's first three 2026 drillholes at Limousine Butte expanded the maiden oxide antimony-gold Mineral Resource Estimate by over 100 meters outside the current block model.
- High-grade intercepts include 1.16% Sb over 3.0 meters within 1.38 g/t AuEq over 50.3 meters from surface in LB26-003 Upper.
- 28 holes completed in the 2026 drill program, with assays pending for 25 additional holes.
- The company plans to drill approximately 20,000 meters in 2026, focused on the Bullet Zone/Armory Fault area.
The big picture
NevGold's successful early drill results at Limousine Butte highlight the potential for significant resource expansion, which could enhance the project's economic viability. The focus on antimony-gold mineralization aligns with growing demand for critical minerals in the U.S., positioning NevGold as a key player in the sector. The ongoing drill program and advancing studies will be crucial in determining the project's long-term potential.
What we're watching
- Resource Growth
- Whether the pending assays from the remaining 25 drillholes will further expand the resource and improve grades.
- Economic Viability
- The pace at which the Preliminary Economic Assessment and engineering studies progress, which will determine the project's feasibility.
- Market Dynamics
- How the expanding antimony-gold resource positions NevGold in the U.S. critical minerals market.
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