Nevgold Extends Oxide GOLD-Antimony Mineralization over 1.7 Kilometers at Cadillac Valley Target: 2.28 G/T AuEq over 30.5 Meters (1.29 G/T Au and 0.22% Antimony) Within 1.61 G/T AuEq over 61.0 Meters (1.08 G/T Au and 0.12% Antimony)
NEVGOLD EXTENDS OXIDE GOLD-ANTIMONY MINERALIZATION OVER 1.7
KILOMETERS AT CADILLAC VALLEY TARGET: 2.28 G/T AUEQ OVER 30.5
METERS (1.29 G/T AU AND 0.22% ANTIMONY) WITHIN 1.61 G/T AUEQ OVER
61.0 METERS (1.08 G/T AU AND 0.12% ANTIMONY)
Vancouver, British Columbia – June 12, 2025 – NevGold Corp. (“NevGold” or the “Company”)
(TSXV:NAU) ( OTCQX:NAUFF) ( Frankfurt:5E50) is pleased to announce additional oxide gold-
antimony (“Antimony”, “Sb”) results extending mineralization over 1.7 kilometers at the Cadillac
Valley target 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 Highlights
• Expands oxide gold-antimony mineralization at Cadillac Valley over 1.7 kilometers with results
including:
o LB119: 2.28 g/t AuEq* over 30.5 meters (1.29 g/t Au and 0. 22% Sb), within 1.61 g/t
AuEq* over 61.0 meters (1.08 g/t Au and 0.12% Sb)
o LB155: 1.01 g/t AuEq* over 36.6 meters (0.47 g/t Au and 0.12% Sb), within 0.77 g/t
AuEq* over 59.5 meters (0.40 g/t Au and 0.08% Sb)
o LB141: 1.03 g/t AuEq* over 12.2 meters (0.57 g/t Au and 0.1 0% Sb), within 0.55 g/t
AuEq* over 77.7 meters (0.41 g/t Au and 0.03% Sb)
o LIM-18: 0.86 g/t AuEq* over 22.9 meters (0.65 g/t Au and 0. 05% Sb), within 0. 38 g/t
AuEq* over 74.7 meters (0.25 g/t Au and 0.03% Sb) in hole at the most northeast part of
the Cadillac Valley target (Figure 1)
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.
• Mineralization at Cadillac Valley now expands over 1.7 kilometers northeast to southwest, and
over 400 meters laterally (Figure 1, Figure 2)
• Over 27 oxide gold-antimony holes have been released highlighting t he consistent results
across the two key advanced target areas at Limo Butte; 19 holes at Resurrection Ridge and 8 holes
at Cadillac Valley (Figure 3)
• Metallurgical testwork program continues with over 100 kg bulk sample from the Project and
NevGold core drilling; positive progress has been made and results are expected over the coming
weeks
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 (completed);
• Evaluate and r e-analyze historical drilling with focus on gold and antimony (in progress,
continues);
• Metallurgical testwork (in progress, results over coming weeks);
• 2025 drilling of gold-antimony targets (in planning phase).
Figure 1 – Limousine Butte Gold-Antimony Project with selected gold-antimony drillhole results from the Cadillac
Valley Target. To view image please click here
Figure 2 – Limousine Butte Gold-Antimony Project long-section at Cadillac Valley, 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
Figure 3 – Limousine Butte Gold-Antimony Project with selected gold-antimony drillhole results at Resurrection
Ridge and Cadillac Valley. The total strike length between Resurrection Ridge and Cadillac Valley is +5km.
To view image please click here
NevGold CEO, Brandon Bonifacio, comments: “The recent set of oxide gold-antimony results from
Cadillac Valley significant ly increases the size of the mineralization footprint at the target, which now
extends over 1.7 kilometers northeast to southwest, and over 400 meters laterally. It is extremely
encouraging to see the consistent hole thickness and oxide gold-antimony grades at both of our advanced
target areas. We are focused on advancing both Resurrection Ridge and Cadillac Valley to the Mineral
Resource Estimate (“MRE”) stage in 2025. We have also progressed our gold and antimony metallurgical
testwork program, which is advancing with Kappes, Cassiday, and Associates (“KCA”) of Reno, Nevada,
and we are expecting results over the coming weeks. We strongly believe we have one of the most advanced
gold-antimony assets in the United States , and we will continue to focus on unlocking the value at the
Project over 2025.”
Historical and Re-Assayed Drill Results
Hole ID Length, m* g/t Au % Sb g/t AuEq** From, m To, m
Cadillac Valley
LB119 61.0 1.08 0.12% 1.61 146.3 207.3
including 30.5 1.29 0.22% 2.28 152.4 182.9
LB155 59.5 0.40 0.08% 0.77 97.5 157.0
including 36.6 0.47 0.12% 1.01 97.5 134.1
LB141 77.7 0.41 0.03% 0.55 61.0 138.7
including 12.2 0.57 0.10% 1.03 61.0 73.2
LIM-18 74.7 0.25 0.03% 0.38 129.5 204.2
including 22.9 0.65 0.05% 0.86 129.5 152.4
LB22-007*** 169.2 0.89 0.18% 1.70 213.5 382.7
including 54.4 2.26 0.13% 2.85 213.5 267.9
also including 3.10 0.76 2.76% 13.15 259.2 267.9
LB22-006*** 124.7 0.84 0.11% 1.34 127.4 252.1
including 24.3 1.32 0.20% 2.23 160.6 184.9
LB22-019*** 28.9 1.09 0.04% 1.27 170.7 199.6
LB054*** 12.2 0.42 0.08% 0.79 12.2 24.4
*Downhole thickness reported; true width varies depending on drill hole dip and is ~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 previous News Release on April 10, 2025.
Limo Butte Geology & Antimony Summary
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. 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.
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 than 5% antimony, including a sample
of 9.6% antimony with visible stibnite and stibiconite. BYU Thesis Report
Figure 4 – 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
US Executive Order – Announced March 20, 2025
The Company is 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.
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 economy 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))
Drillhole Orientation Details
Hole ID
Target
Zone
Easting Northing
Elevation
(m)
Length (m) Azimuth Dip
LB119 CV 665171 4415453 2026 269.7 130 -75
LB155 CV 664635 4414684 2058 304.8 0 -90
LB-141 CV 664995 4415167 2020 163.1 120 -70
LIM-18 CV 665421 4415694 2034 219.5 0 -90
LB22-007 CV 665211 4415453 2031 403.5 254 -86
LB22-006 CV 664692 4414921 2042 379.8 144 -77
LB22-019 CV 664433 4414318 2096 335.3 116 -66
LB054 CV 665323 4415090 2059 157.0 0 -90
Figure 5 – Limousine Butte Land Holdings and District Exploration Activity To view image please click here
Grant of Options
The Company also announces that it has granted an aggregate of 2,600,000 stock options of the Company
(each, a “Stock Option”) to certain directors, officers and consultants of the Company. Each Stock
Option entitles the holder to acquire one common share of the Company at an exercise price of $0.33 per
share at varying expiry dates between June 12, 2027 and June 12, 2030. The Stock Options were issued
pursuant to the terms of the Company’s stock option plan. The Stock Options granted to directors,
officers, and consultants of the Company vest immediately, and the Stock Options granted to investor
relations service providers vest in the amount of 25% every three months following the date of grant over
a 12-month period.
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
NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and
standard samples in all drill holes . A 30g gold fire assay and multi -elemental analysis ICP-OES method
was completed by ISO 17025 certified American Assay Labs, Reno.
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 infor mation, 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.