NevGold Announces Positive, Consistent Drill Results on Historic Gold Leach Pads Including 0.34% Antimony And 0.41 g/t Au Over 12.5 Meters; Path to Near-Term Antimony Production Continues
NevGold Corp. (TSX-V:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce positive, consistent antimony and gold sonic drill results (see Key Highlights and Appendix I – Drillhole Summary Table) from the historic gold leach pads at its Limousine Butte Project in Nevada. The historic gold leach pads were from mining operations in 1989-1990, which had no focus on antimony in a significantly lower gold price environment at less than US$400/oz of gold. The historic leach pads are an opportunity for potential near-term antimony production by 2027. After the drill results are received, the Company will rapidly complete a maiden antimony-gold Mineral Resource Estimate in Q2-2026 on the historic gold leach pads at the Project.
Key Highlights
Initial sonic drillhole assays received from the Crushed Leach Pad have returned higher antimony and gold grades as compared to the earlier Phase I test pit sampling program
LBS26-001: 0.34% Sb, 0.41 g/t Au over 12.5 meters
LBS26-002: 0.31% Sb, 0.43 g/t Au over 13.7 meters
LBS26-003: 0.33% Sb, 0.55 g/t Au over 11.0 meters
LBS26-004: 0.29% Sb, 0.48 g/t Au over 12.5 meters
LBS26-005: 0.27% Sb, 0.36 g/t Au over 11.0 meters
LBS26-006: 0.31% Sb, 0.38 g/t Au over 12.2 meters
LBS26-012: 0.30% Sb, 0.46 g/t Au over 13.1 meters
LBS26-013: 0.31% Sb, 0.50 g/t Au over 14.6 meters
LBS26-017: 0.22% Sb, 0.32 g/t Au over 15.5 meters
LBS26-018: 0.27% Sb, 0.43 g/t Au over 14.9 meters
Holes LBS26-009 to LBS26-011, LBS26-014, LBS26-015, LBS26-016 assays are pending; Holes LBS26-007 and LBS26-008 were not drilled as the drill program was modified in the field; hole numbering was set before the drill program and completed holes were sent to the assay lab in batches
NevGold test pit sampling results released January 6, 2026 from the Crushed Leach Pad averaged 0.27% Sb and 0.34 g/t Au (see Table 3); drill results received to date have higher antimony and gold grades
Results show elevated antimony-gold grades in the lower levels of the leach pad (Appendix I – Drillhole Summary Table)
Maiden MRE on the historic gold leach pads is critical step in the development path to antimony production by 2027
Metallurgical testwork completed to date shows positive sequential recovery results with antimony leaching followed by gold leaching
Metallurgical testwork completed by NevGold highlights the strong geometallurgical characteristics of the Project, with leaching the preferred antimony recovery method (See November 5, 2025 News Release)
Antimony recovery has minimal to no impact on gold recovery as metallurgical cyanide shake testwork results have validated (See April 2, 2026 News Release); the gold in the historic leach pads could also be recovered in the future after antimony processing is completed
Antimony is one of the highest priority Critical Minerals due to its strategic importance and military applications; Limo Butte is a brownfield mine site located in the State of Nevada with at-surface antimony mineralization
NevGold CEO, Brandon Bonifacio, comments: “The first 10 of 17 holes with assays received on the Crushed leach pad have once again exceeded our expectations as we have seen higher, consistent grades for both antimony and gold compared to our Phase I test pit sampling program completed in January-2026. It is extremely encouraging that we continue to unlock value from the antimony and gold potential at Limo Butte with each work program and milestone completed. We are focused on advancing the Project to antimony production by 2027 to become the next, and one of only very few, commercial scale antimony producing operations in the United States. We will receive the remainder of the assays from the drill program on the historic gold leach pads over the coming weeks, and we will rapidly advance the maiden antimony-gold MRE as a key step in continuing our path to antimony production by 2027.”
Figure 1 – Historic Crushed gold leach pad with sonic antimony-gold drill results. Also included are the Phase 1 test pit sampling antimony results. The results show higher consistent antimony and gold grades compared to the Phase I test pit sampling program. The historically mined leach pads have material at surface that was previously mined and crushed with strong antimony-gold potential. To view image please click here
Figure 2 – Historic gold leach pads and summary of March-2026 sonic drill program and Phase 1 test pit sampling antimony results. The results show consistent antimony grade throughout both the Crushed and ROM pads. The historically mined leach pads have material at surface that was previously mined and crushed with strong antimony-gold potential. To view image please click here
Figure 3 – Picture of sonic drill rig drilling the historic Crushed leach pad with labels for the previously mined Golden Butte pit, Resurrection Ridge target area, and the historic Run-of-Mine leach pad.
To view image please click here
ON BEHALF OF THE BOARD
“Signed”
Brandon Bonifacio, President & CEO
For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com.
Sampling Methodology, Quality Control and Quality Assurance
NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. Drill, surface, and test pit samples are sent to ISO 17025 certified American Assay Labs in Reno, Nevada. A 30g gold fire assay and multi-elemental analysis ICP-OES method were completed.
The test pit sampling was conducted by Greg French, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person under National Instrument 43-101.
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.
