NevGold Adds More Significant Oxide Gold-Antimony Results: 1.47 g/t AuEq Over 74.7 Meters (0.23% Antimony And 0.45 g/t Au), Including 3.59 g/t AuEq Over 18.2 Meters (0.60% Antimony And 0.92 g/t Au), and Also Including 4.61 g/t AuEq Over 6.0 Meters (0.96% Antimony And 0.31 g/t Au) at the Limousine Butte Project, Nevada

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NevGold Corp.
NevGold Corp.

Vancouver, British Columbia, June 03, 2025 (GLOBE NEWSWIRE) -- 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 Highlights

  • Further positive, near-surface, oxide gold-antimony drillholes at Resurrection Ridge including:

    • LB018: 1.47 g/t AuEq* over 74.7 meters (0.23% Sb and 0.45 g/t Au), including 3.59 g/t AuEq* over 18.2 meters (0.60% Sb and 0.92 g/t Au), and also including 4.61 g/t AuEq* over 6.0 meters (0.96 % Sb and 0.31 g/t Au)

    • LB030: 2.03 g/t AuEq* over 12.2 meters (0.32% Sb and 0.58 g/t Au)

    • Other key results previously released at Resurrection Ridge include (Figure 1, Figure 2):

      • LIM-40: 4.07 g/t AuEq* over 54.9 meters (0.64% Sb and 1.20 g/t Au), including 6.60 g/t AuEq* over 12.2 meters (+1% Sb and 2.12 g/t Au)

      • LIM-45: 3.02 g/t AuEq* over 36.6 meters (0.40% Sb and 1.23 g/t Au), including 4.83 g/t AuEq* over 12.2 meters (+1% Sb and 0.35 g/t Au)

      • LIM-48: 2.61 g/t AuEq* over 61.0 meters (0.41% Sb and 0.77 g/t Au), including 3.82 g/t AuEq* over 24.4 meters (0.77% Sb and 0.37 g/t Au)

      • LB-006: 2.46 g/t AuEq* over 86.9 meters (0.30% Sb and 1.11 g/t Au), including 5.75 g/t AuEq* over 12.8 meters (0.87% Sb and 1.83 g/t Au), and also including 6.77 g/t AuEq* over 6.7 meters (+1% Sb and 2.29 g/t Au)

      • LB-001: 1.69 g/t AuEq* over 63.9 meters (0.33% Sb and 0.21 g/t Au), including 4.10 g/t AuEq* over 17.7 meters (0.83% Sb and 0.38 g/t Au), and also including 4.64 g/t AuEq* over 6.4 meters (+1% Sb and 0.16 g/t Au)

      • LB-003: 3.69 g/t AuEq* over 22.3 meters (0.32% Sb and 2.26 g/t Au), including 8.55 g/t AuEq* over 7.9 meters (0.57% Sb and 5.97 g/t Au)

      • LB023: 2.11 g/t AuEq* over 67.1 meters (0.18% Sb and 1.30 g/t Au), including 4.29 g/t AuEq* over 30.5 meters (0.33% Sb and 2.79 g/t Au), and also including 7.12 g/t AuEq* over 16.8 meters (0.46% Sb and 5.05 g/t Au)

    • *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)
                      o Over 20 holes have been released to date; the Company has more than 30 holes with pending results from Resurrection Ridge and Cadillac Valley

  • Metallurgical testwork program has commenced with over 100 kg bulk sample from the Project and NevGold core drilling

  • Resurrection Ridge and Cadillac Valley oxide gold-antimony mineralization demonstrates the significant oxide gold-antimony potential across a large, open mineralized footprint (Figure 1, Figure 4)
                      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)

  • Significant antimony (Sb) upside: historical drilling had an upper detection limit of 1% Sb but drill intervals exceeded the limit; these samples are currently being re-assayed at American Assay Lab in Reno, Nevada