Nevgold Discovers Further Significant GOLD-Antimony Results: 2.46 G/T AuEq over 86.9 Meters (1.11 G/T Au and 0.30% Antimony), Including 5.75 G/T AuEq over 12.8 Meters (1.83 G/T Au and 0.87% Antimony), and Also Including 6.77 G/T AuEq over 6.7 Meters (2.29 G/T
NEVGOLD DISCOVERS FURTHER SIGNIFICANT GOLD-ANTIMONY RESULTS:
2.46 G/T AUEQ OVER 86.9 METERS (1.11 G/T AU AND 0.30% ANTIMONY),
INCLUDING 5.75 G/T AUEQ OVER 12.8 METERS (1.83 G/T AU AND 0.87%
ANTIMONY), AND ALSO INCLUDING 6.77 G/T AUEQ OVER 6.7 METERS (2.29 G/T
AU AND +1% ANTIMONY) AT THE LIMOUSINE BUTTE PROJECT, NEVADA
Vancouver, British Columbia – March 2 6, 202 5 – NevGold Corp. (“NevGold” or the “Company”)
(TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that it has discovered further
significant gold-antimony (“Antimony”, “Sb”) historical 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.
NevGold is also pleased to report the recent, sweeping Executive Order to strengthen American mineral
production and reduce U.S. reliance on foreign nations for its mineral supply. Antimony (Sb) has been
identified as an important “Critical Mineral” in the United States essential for national security, clean
energy, and technology applications, yet no domestically mined supply currently exists.
Key Highlights
• Further positive, near-surface, gold-antimony historical drillholes include:
o LB-006: 2.46 g/t AuEq* over 86.9 meters (1.11 g/t Au and 0.30% Sb) , including 5.75
g/t AuEq* over 12.8 meters (1.83 g/t Au and 0.87% Sb), and also including 6.77 g/t
AuEq* over 6.7 meters (2.29 g/t Au and +1% Sb)
o LB-001: 1.69 g/t AuEq* over 63.9 meters (0.21 g/t Au and 0. 33% Sb), including 4.10
g/t AuEq* over 17.7 meters (0.38 g/t Au and 0.83% Sb), and also including 4.64 g/t
AuEq* over 6.4 meters (0.16 g/t Au and +1% Sb)
o LB-003: 3.69 g/t AuEq* over 22.3 meters (2.26 g/t Au and 0.32% Sb), including 8.55
g/t AuEq* over 7.9 meters (5.97 g/t Au and 0.57% Sb)
o LB-004: 0.73 g/t AuEq* over 110.40 meters (0.19 g/t Au and 0.12% Sb), including 1.16
g/t AuEq* over 36.6 meters (0.24 g/t Au and 0.21% Sb)
o *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.
• 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
• Extensive gold -antimony mineralization: multiple zones, including Resurrection Ridge and
Cadillac Valley, demonstrate significant potential across a large, open mineralized footprint
o All areas at the Project with gold-antimony potential are permitted and ready to drill
under the Limo Butte Plan of Operations (“PoO”) approved in November -2024 (see
NevGold News Release from November 27, 2024)
• Historical geochemical rock chip sampling from the past-producing Golden Butte pit had numerous
results with +1% antimony in jasperoid breccias , several results with +5% antimony,
including a sample of 9.6% antimony with visible stibnite and stibiconite (see Figure 1)
• 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 historical drillhole results.
To view image please click here
Figure 2 – Limousine Butte Gold-Antimony Project cross-section with selected gold-antimony historical drillholes.
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
NevGold CEO, Brandon Bonifacio , comments: “The further discovery of significant gold-antimony
drill results in historical drillholes continues to be an important, emerging development at our Limo
Butte oxide gold-antimony project. There are a number of holes that we are analyzing and re -assaying
which highlight the significant gold-antimony potential at both Resurrection Ridge and Cadillac Valley,
which are the two most advanced targets at the Project. The higher-grade oxide gold targets at Resurrection
Ridge and Cadillac Valley coincide with the best antimony results and cover over 5km of strike length ,
creating a compelling dual -commodity opportunity . With the robust historical database , we have a
number of holes to release with combined gold-antimony results, and the Project is also fully permitted
and drill-ready for future exploration and drilling programs, which will expedite and simplify future
field work programs. The timing and market conditions are opportune to re-awaken the gold-antimony
potential at Limo Butte and the recent action s from the United States government with the newly passed
Executive Order shows their commitment to advancing high-quality, domestic, mineral projects.”
Historical Drill Results
Hole ID Length, m* g/t Au % Sb g/t AuEq** From, m To, m
LB-006 86.9 1.11 0.30% 2.46 36.6 123.4
including 12.8 1.83 0.87% 5.75 79.2 92.0
also including 6.7 2.29 +1%**** 6.77 85.3 92.0
LB-001 63.9 0.21 0.33% 1.69 13.1 77.0
including 17.7 0.38 0.83% 4.10 55.2 72.8
also including 6.4 0.16 +1%**** 4.64 55.2 61.6
LIM-003 22.3 2.26 0.32% 3.69 67.1 89.3
including 7.9 5.97 0.57% 8.55 81.4 89.3
LIM-004 110.4 0.19 0.12% 0.73 0.0 110.4
including 36.6 0.24 0.21% 1.16 6.7 43.3
LIM-40*** 54.9 1.20 0.64% 4.07 18.3 73.2
including 12.2 2.12 +1%**** 6.60 48.8 61.0
LIM-45*** 36.6 1.23 0.40% 3.02 24.4 61.0
including 12.2 0.35 +1%**** 4.83 36.6 48.8
LIM-48*** 61.0 0.77 0.41% 2.61 24.4 85.4
including 24.4 0.37 0.77% 3.82 48.8 73.2
*Downhole thickness reported; true width varies depending on drill hole dip and is approximately 70 to 90% of downhole
thickness.
**The 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.
***Selected drillholes released in a previous News Release on February 27, 2025.
**** Historical drilling had an upper detection limit of 1% Sb but many drill intervals exceeded the limit.
Limo Butte Geology & Antimony Potential
A review of historical geochemical and drilling data at the Limousine Butte Project has identified multiple
areas with strong gold -antimony potential. These zones correlate closely with outcrops of the Devonian
Pilot Shale, the primary host rock for Carlin -type gold mineralization in the area. Positive gold grade at
Limousine Butte is typically associated with silicification and the formation of jasperoid breccias within
the Pilot Shale, an alteration feature also observed in the positive antimony results.
Through the Project data review, the Company uncovered reports detailing two small-scale historic mining
operations at the Nevada Antimony Mine and Lage Antimony Prospect within the Limo Butte Project
boundary (see Figure 3 below). The Nevada Antimony Mine featured two prospect pits that extracted
stibnite (formula: Sb2S3) from a hydrothermal breccia. The Lage Antimony Prospect reported historical
unverified sampling results with up to 14.46% Antimony with additional prospect pits extracting antimony.
The Nevada Bureau of Mines and Geology (“NBMG”) had historical reports on both of these which can be
found here: Nevada Antimony Mine Report Lage Antimony Prospect Report
Historical geochemical rock chip sampling within the past-producing Golden Butte pit f rom a Brigham
Young University (“BYU”) Thesis study produced numerous results that exceeded 1% antimony in
jasperoid breccias (see Figure 1). Several results were greater then 5% antimony, including a sample
of 9.6% antimony with visible stibnite and stibiconite. BYU Thesis Report
NevGold VP Exploration, Greg French, comments: “After more review of the historical data at Limo
Butte, we continue to be encouraged by the footprint and gold-antimony grade in historical drilling and
surface sample results completed at the Project. Only a portion of the historical drilling was assayed for
antimony, and the results that we have identified are positive for both gold and antimony. We are starting
to build a gold-antimony mineralization footprint at Resurrection Ridge, and we continue to review holes
from both Resurrection Ridge and Cadillac Valley. We have also started the re -assaying program with
numerous holes already sent to American Assay Lab in Reno, Nevada . We will continue to focus our
future exploration to understand the controls and determine the extent of the gold and antimony
mineralization.”
Figure 3 – Limousine Butte Project with historical antimony in rock chips and soils. The total strike length between
Resurrection Ridge and Cadillac Valley is +5km. To view image please click here
Drillhole Orientation Details
Hole ID
Target
Zone
Easting Northing
Elevation
(m)
Length (m) Azimuth Dip
LB-006
Resurrection
Ridge
667030 4417384 2125 152.7 0 -90
LB-001
Resurrection
Ridge
667036 4417384 2125 77 0 -90
LB-003
Resurrection
Ridge
667134 4417528 2133 129.4 0 -90
LB-004
Resurrection
Ridge
667313 4417277 2239 198.7 270 -50
LIM-40
Resurrection
Ridge
667018 4417409 2124 289.6 0 -90
LIM-45
Resurrection
Ridge
666929 4417389 2103 179.8 0 -90
LIM-48
Resurrection
Ridge
666927 4417374 2105 286.5 0 -90
Figure 4 – Limousine Butte Land Holdings and District Exploration Activity To view image please click here
US Executive Order – Announced March 20, 2025
The Executive Order invokes the use of the Defense Production Act as part of a broad United States (“US”)
Government effort to expand domestic minerals production on national security grounds. As it relates to
project permitting, the Order states that it will "identify priority projects that can be immediately approved
or for which permits can be immediately issued, and take all necessary or appropriate actions…to expedite
and issue the relevant permits or approvals." Furthermore, the Order includes provisions to accelerate access
to private and public capital for domestic projects, including the creation of a "dedicated mineral and
mineral production fund for domestic investments" under the Development Finance Corporation ("DFC").
This decisive action by the US Government highlights the urgent need to expand domestic minerals output
to support supply chain security in the United States. This important Order will help revitalize domestic
mineral production by improving the permitting process and providing financial support t o qualifying
domestic projects.
Importance of Antimony
Antimony is considered a “Critical Mineral” by the United States based on the U.S. Geological Survey’s
2022 list (U.S.G.S. (2022)). “Critical Minerals” are metals and non -metals essential to the econom y and
national security. Antimony is utilized in all manners of military applications, including the manufacturing
of armor piercing bullets, night vision goggles, infrared sensors, precision optics, laser sighting, explosive
formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear
weapons and production, tritium production, flares, military clothing, and communication equipment. Other
uses include technology (semi-conductors, circuit boards, electric switches, fluorescent lighting, high
quality clear glass and lithium-ion batteries) and clean-energy storage.
Globally, approximately 90% of the world’s current antimony supply is produced by China, Russia, and
Tajikistan. Beginning on September 15, 2024, China, which is responsible for nearly half of all global
mined antimony output and dominates global refinement and processing, announced that it will restrict
antimony exports. In December-2024, China explicitly restricted antimony exports to the United States
citing its dual military and civilian uses, which further exacerbated global supply chain concerns . (Lv, A.
and Munroe, T. (2024)) The U.S. Department of Defense (“DOD”) has designated antimony as a “Critical
Mineral” due to its importance in national security, and governments are now prioritizing domestic
production to mitigate supply chain disruptions. Projects exploring antimony sources in North America
play a key role in addressing these challenges.
Perpetua Resources Corp. (“Perpetua”, NASDAQ:PPTA, TSX:PPTA) has the most advanced domestic
gold-antimony project in the United States. Perpetua’s project, known as Stibnite, is located in Idaho
approximately 130 km northeast of NevGold’s Nutmeg Mountain and Zeus projects. Positive advancements
at Stibnite including the technical development and permitting has led to US$75 million in Department of
Defense (“DOD”) awards, and over $1.8 billion in indicative financing from the Export Import Bank of the
United States ( “US EXIM ”) (see Perpetua Resources News Release from April 8, 2024 ) (Perpetua
Resources. (2025))
ON BEHALF OF THE BOARD
“Signed”
Brandon Bonifacio, President & CEO
For further information, please contact Brandon Bonifacio at [email protected], call 604-337-
4997, or visit our website at www.nev-gold.com.
Historical Data Validation
The Company’s Qualified Person (“QP”), Greg French, Vice President, Exploration has completed a review
of the historical data in this press release. The historic data collection chain of custody procedures and
analytical results by previous operators appear adequate and were completed to industry standard practices.
For the Newmont and US Gold data a 30g gold fire assay and multi -elemental analysis ICP-OES method
MS-41 was completed by ISO 17025 certified ALS Chemex, Reno or Elko Nevada.
Geochemical ICP (5g) analysis for the Wilson, Christianson and Tingey report was completed by
Geochemical Services Inc. and the XRF analyses (glass disk or pellets) by Brigham Young University.
Technical information contained in this news release has been reviewed and approved by Greg French,
CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person under National
Instrument 43-101 and responsible for technical matters of this release.
About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven
districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold
projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward -looking statements that are based on the Company’s current expectations and
estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”,
“intend”, “believe”, “anticipate ”, “estimate”, “suggest”, “indicate” and other similar words or statements that
certain events or conditions “may” or “will” occur. Forward-looking statements include, but are not limited to, the
proposed work programs at Limousine Butte, and the exploration potential at Limousine Butte. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results
to differ materially from estimated or anticipated events or results implied or expressed in such forward -looking
statements. Such risks include, but are not limited to, general economic, market and business conditions, and the
ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not
prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ
materially from such forward -looking statements. Accordingly, readers should not place undue reliance on the
forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except
as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward -
looking statements are not guarantees of future performance and accordingly undue reliance should not be put on
such statements due to the inherent uncertainty therein.
References
Blackmon, D. (2021) Antimony: The Most Important Mineral You Never Heard Of. Article Prepared by
Forbes.
Kurtenbach, E. (2024) China Bans Exports to US of Gallium, Germanium, Antimony in response to Chip
Sanctions. Article Prepared by AP News.
Lv, A. and Munroe, T. (2024) China Bans Export of Critical Minerals to US as Trade Tensions
Escalate. Article Prepared by Reuters.
Lv, A. and Jackson, L. (2025) China’s Curbs on Exports of Strategic Minerals. Article Prepared by Reuters.
Perpetua Resources. (2025) Antimony Summary. Articles and Videos Prepared by Perpetua Resources.
Sangine, E. (2022) U.S. Geological Survey, Mineral Commodity Summaries, January 2023 . Antimony
Summary Report prepared by U.S.G.S
U.S.G.S. (2022) U.S. Geological Survey Releases 2022 List of Critical Minerals . Reported Prepared by
U.S.G.S
Wilson, D.,J., Christiansen, E., H., and Tingey, D., G., 1994, Geology and Geochemistry of the Golden
Butte Mine- A Small Carlin- Type Gold Deposit in Eastern Nevada: Brigham Young University
Geology Studies, v.40, P.185-211. BYU V.40 P.185-211.