NevGold Discovers High-Grade “Armory Fault”
NEVGOLD DRILLS 8.51 G/T OXIDE AUEQ OVER 10.6 METERS (8.11 G/T AU AND 0.10% ANTIMONY) WITHIN 2.32 G/T OXIDE AUEQ OVER 86.8 METERS (1.94 G/T AU AND 0.10% ANTIMONY); DISCOVERS HIGH-GRADE OXIDE GOLD-ANTIMONY “ARMORY FAULT” STRUCTURE AT BULLET ZONE
Vancouver, British Columbia – February 18, 2026 – NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce the high-grade oxide gold-antimony discovery of the “Armory Fault” at the Bullet Zone at its Limousine Butte Project (the “Project”, “Limo Butte”) in Nevada.
The discovery of the “Armory Fault” is a key, transformational development in defining the high-grade structural controls of mineralization at the evolving Bullet Zone. All drillholes at the Bullet Zone from the 2H-2025 drill program intercepted substantial oxide gold-antimony mineralization, significantly expanding the mineralization footprint at the Project.
The Company continues to focus on dual track project development by advancing the near-term antimony production scenario from the historical gold leach pads at surface, while it drills the Project to define an initial gold-antimony Mineral Resource Estimate (“MRE”).
Key Highlights
- “Armory Fault” discovery identifies key structural control of high-grade mineralization with oxide gold-antimony of 8.51 g/t AuEq over 10.6 meters (8.11 g/t Au and 0.10% Sb), within 2.32 g/t AuEq over 86.8 meters (1.94 g/t Au and 0.10% Sb)
- 30 holes completed in current 2025-2026 drill program; 12 pending release
- Antimony is one of the highest priority Critical Minerals due to strategic military importance
Figure 1 – Resurrection Ridge target area with the Bullet Zone discovery and newly defined high-grade Armory Fault.
Figure 2 – Long section with results from 2025 drilling and the Bullet Zone and Armory Fault discoveries.
Figure 3 – Long section with new high-grade Armory Fault discovery.
2025-2026 Drill Results
| Hole ID | Length (m) | g/t Au | % Sb | g/t AuEq |
|---|---|---|---|---|
| LB25-017 Upper | 21.3 | 0.61 | 0.25% | 1.59 |
| LB25-017 Lower | 86.8 | 1.94 | 0.10% | 2.32 |
| LB25-016 | 141.7 | 0.11 | 0.03% | 0.23 |
*Gold equivalents based on US$3,000/oz gold and US$40,000/t antimony with recoveries of 80% Au and 75% Sb.
Limo Butte Geological Model Update
The Devonian Pilot Shale is the principal host to Carlin-type mineralization at Limousine Butte. NevGold’s updated geological model indicates the older dolomite was thrust over the prospective Pilot Shale unit, creating structural preparation and fluid traps favorable for gold-antimony mineralization.
Figure 4 – Historical vs new NevGold geological model comparison.
Figure 5 – Cross section outlining expansion potential.
Importance of Antimony
Antimony is designated as a Critical Mineral by the United States due to its importance in national security, defense manufacturing, semiconductors, and clean-energy storage.
Approximately 90% of global antimony supply is produced by China, Russia, and Tajikistan. China has restricted exports, including to the United States, increasing the urgency for domestic supply.
Figure 6 – Limousine Butte Land Holdings and District Exploration Activity.
ON BEHALF OF THE BOARD
“Signed”
Brandon Bonifacio, President & CEO
Sampling Methodology, QA/QC procedures, technical review by Greg French (QP), and all forward-looking statements apply as per full company disclosure.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from NAU of US$100,000 cash for a twelve-month marketing contract. This message is for informational and educational purposes only and does not provide investment advice.