Near-Term Antimony Production Identified in Nevada
NevGold Identifies Large Quantities of Previously Mined Material With Significant Antimony And Near-Term Production Potential at Limo Butte, Nevada
January 06, 2026 – 07:00 ET
Vancouver, British Columbia (GLOBE NEWSWIRE) — NevGold Corp. (“NevGold” or the “Company”) (TSXV: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50) announced positive, consistent antimony (“Sb”) and gold (“Au”) pit sampling results from historical gold leach pads at its Limousine Butte Project (“Limo Butte”) in Nevada.
The leach pads originate from mining operations conducted in 1989–1990, a period when antimony was not a focus and gold prices were below US$400/oz. Based on historical records, NevGold estimates 2.4 to 3.0 million tonnes of previously mined material remains at surface with consistent antimony and gold grades, creating a potential pathway for near-term antimony production.
Key Highlights
- Crushed Leach Pad: 1.4–1.7 million tonnes averaging 0.27% Sb and 0.34 g/t Au
- ROM Leach Pad: 1.0–1.3 million tonnes averaging 0.31% Sb and 0.18 g/t Au
- Consistent antimony and gold grades across all pits
- High-grade antimony zones from 0.74% to 0.81% Sb
- Acid leaching preferred with recoveries up to 92%
- Brownfield Nevada site with surface critical mineral inventory
- Potential production and cash flow within 12–24 months
2025–2026 Limo Butte Work Program
- Historical database review (completed)
- Phase II metallurgical testwork (completed)
- Ongoing drilling (30 holes completed)
- Advancing crushed and ROM leach pads toward near-term production
- Gold-antimony Mineral Resource Estimate (in progress)
Table 1: Leach Pad Sample Pit Results
| Sample Pit ID | % Sb | g/t Au |
|---|---|---|
| LBCP-01 | 0.24% | 0.29 |
| LBCP-02 | 0.19% | 0.25 |
| LBCP-03 | 0.17% | 0.24 |
| LBCP-04 | 0.23% | 0.39 |
| LBCP-05 | 0.24% | 0.27 |
| LBCP-06 | 0.27% | 0.36 |
| LBCP-07 | 0.26% | 0.36 |
| LBCP-08 | 0.42% | 0.34 |
| LBCP-09 | 0.44% | 0.51 |
| LBCP-10 | 0.22% | 0.31 |
| Average Crushed Pad | 0.27% | 0.34 |
| Average ROM Pad | 0.31% | 0.18 |
Past performance is not indicative of future results. NIA is not an investment advisor and does not provide investment advice. NIA has received US$100,000 in cash compensation from NevGold Corp. for a twelve-month marketing contract. This content is for informational and educational purposes only.