NevGold Discovers More Significant Oxide Gold-Antimony Results: 2.11 g/t Au

NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that it has discovered further significant oxide gold-antimony (“Antimony”, “Sb”) drill results at its Limousine Butte Project (the “Project”, “Limo Butte”) in Nevada. The Company continues to unlock the substantial gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world’s prolific mining jurisdictions.

Key Highl~~ights~~

Further positive, near-surface, oxide gold-antimony historical drillholes at Resurrection Ridge include:
- LB023: 2.11 g/t AuEq* over 67.1 meters (1.30 g/t Au and 0.18% Sb), including 4.29 g/t AuEq* over 30.5 meters (2.79 g/t Au and 0.33% Sb), and also including 7.12 g/t AuEq* over 16.8 meters (5.05 g/t Au and 0.46% Sb)
- LB029: 1.16 g/t AuEq* over 79.3 meters (0.53 g/t Au and 0.14% Sb), including 1.86 g/t AuEq* over 18.3 meters (0.53 g/t Au and 0.14% Sb)
- *Gold equivalents (“AuEq”) are based on assumed metals prices of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 85% for gold and 70% for antimony.

Drillholes at Resurrection Ridge are drilled with spacing showing strong potential to advance the Project to an initial gold-antimony Mineral Resource Estimate (“MRE”) (see Figure 1)

Resurrection Ridge and Cadillac Valley oxide gold-antimony mineralization footprint demonstrates the significant oxide gold-antimony potential across a large, open mineralized footprint (Figure 1)

Significant antimony (Sb) upside: historical drilling had an upper detection limit of 1% Sb but many drill intervals exceeded the limit; these holes are currently being re-assayed at American Assay Lab in Reno, Nevada without the 1% upper detection limit

NevGold will continue re-evaluating historical drilling from the Project, focusing on both oxide gold and antimony; large portions of the existing database were not analyzed for antimony creating a significant, low-cost opportunity to re-assay historical drilling

Limo Butte Planned 2025 Activities / Status Update
NevGold will continue its active exploration program at Limo Butte including:

Evaluate the historical geological database with focus on gold and antimony (in progress);

Re-analyze historical drilling with focus on gold and antimony (in progress);

Drill test gold-antimony targets (subject to the results of the evaluation);

Initiate preliminary metallurgical studies (in preparation).

Figure 1 – Limousine Butte Gold-Antimony Project with selected gold-antimony drillhole results.
To view image please click here

Figure 2 – Limousine Butte Gold-Antimony Project cross-section with selected gold-antimony drillhole results. Thin colored discs show Antimony (Sb ppm) in drilling, and wide colored discs show Gold (Au ppm) in drilling.
To view image please click here