NevGold Expands Gold Mineralization at Limo Butte, Boosting Resource Potential
Event summary
- NevGold intercepted 1.06 g/t oxide gold over 42.7 meters outside the 2026 MRE pit-shell at Limo Butte.
- High-grade oxide gold mineralization expanded inside the pit-shell with 5.00 g/t over 3.0 meters.
- The company has completed 40 drill holes with 33 pending assays and remains fully funded for 12-18 months with $45 million in treasury.
- NevGold is advancing a Preliminary Economic Assessment (PEA) and engineering studies at Limo Butte.
The big picture
NevGold's latest drill results at Limo Butte highlight the potential for significant resource expansion, which could enhance the project's economic viability. The discovery of high-grade oxide gold both inside and outside the 2026 MRE pit-shell suggests strong exploration upside. With over $45 million in treasury, the company is well-positioned to continue its aggressive exploration and development program, aligning with broader industry trends of resource expansion and economic assessment in the gold sector.
What we're watching
- Resource Expansion
- How the pending assays from 33 drill holes will further expand the mineralization both inside and outside the pit-shell.
- Operational Flexibility
- Whether the separate mineralizing events of gold and antimony will provide future operational and development flexibility.
- PEA Progress
- The pace at which the Preliminary Economic Assessment (PEA) and engineering studies will advance the project.
Related topics