NevGold Intercepts Strongest Result to Date in 2026 at Limousine Butte: 8.28 g/t Oxide Au Over 3.0 Meters Within 1.73 g/t Oxide Au Over 45.7 Meters
TSXV: NAU | OTCQX: NAUFF
Overview
NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) announced additional oxide gold-antimony assays from its 2026 drill program at the Limousine Butte Project ("Limo Butte") in Nevada. According to the company, the results have continued to extend high-grade mineralization on the eastern side of the Resurrection Ridge resource, adding mineralization potential both inside and outside of the 2026 Mineral Resource Estimate ("MRE") pit-shell released on July 15, 2026.
According to the company, hole LB26-009 was the strongest hole to date from the 2026 program, intercepting grade up to 14.50 g/t oxide Au, with larger intervals of 8.28 g/t oxide Au over 3.0 meters within 1.73 g/t oxide Au over 45.7 meters. The company stated the program remains on schedule and under budget, with approximately 16,000 meters completed across 70 holes, and assays pending from 54 additional holes.
NevGold CEO Brandon Bonifacio stated: "The 2026 drill program at Limo Butte continues to deliver exceptional results, expanding mineralization beyond the boundaries of the current resource and supporting our objective of growing both the scale and quality of the 2026 MRE released in July. We are particularly encouraged by the consistency of high-grade oxide gold-antimony mineralization encountered on the eastern side of the Resurrection Ridge resource area. Hole LB26-009 was the strongest hole to date from our 2026 program intercepting grade up to 14.50 g/t oxide Au, with larger intervals of 8.28 g/t oxide Au over 3.0 meters within 1.73 g/t oxide Au over 45.7 meters. The program remains on schedule and under budget, with approximately 16,000 meters completed across 70 holes, and assays pending from 54 additional holes. The combination of exceptional results received, a substantial volume of assays still pending, and increasing confidence in our geological model reinforces our belief that Limo Butte is emerging as one of the most significant gold-antimony development projects in the United States."
Key Highlights
- Strongest result to date from the 2026 drill program: LB26-009 Lower Zone intercepted 8.28 g/t Au over 3.0 meters within 1.73 g/t Au over 45.7 meters, with the highest grade drilled in 2026 at 14.50 g/t oxide Au over 1.5 meters, according to the company.
- LB26-009 Upper Zone intercepted 0.45% Sb over 10.7 meters within 0.18% Sb over 50.3 meters.
- LB26-017 intercepted 3.13 g/t AuEq over 12.2 meters (1.19 g/t Au, 0.50% Sb) within 1.27 g/t AuEq over 48.8 meters (0.37 g/t Au, 0.23% Sb), representing expansion both inside and outside of the 2026 pit-shell.
- The company reported more than $42 million in treasury focused on project development and growth strategy execution.
- 70 holes have been completed, with 54 holes with assays pending after this news release.
- Approximately 16,000 meters have been completed of a targeted 20,000 meters for the 2026 program.
- The company is advancing a Preliminary Economic Assessment ("PEA") Engineering Study at Limo Butte, with targeted completion in Q1-2027.
Additional Drill Results
- LB26-019 intercepted 0.31 g/t Au over 15.2 meters and, separately, 1.33 g/t AuEq (0.20 g/t Au, 0.29% Sb) over 6.1 meters, both within 0.19 g/t Au over 105.2 meters
- LB26-025 intercepted 0.22% Sb over 9.1 meters in one zone, and 0.27 g/t Au over 10.7 meters in a separate zone.
Strategic/Operational Context
According to the company, the Devonian Pilot Shale is the principal local host to Carlin-type mineralization at Limousine Butte, with positive gold grades commonly coinciding with silicification and jasperoid breccias that also host elevated antimony. The company stated that its 2021-2025 work, including integrated historical drilling, new mapping and surface sampling, produced an updated district model and refined property-wide controls on mineralization. At Resurrection Ridge, the company noted that Devonian-Silurian dolomite is exposed immediately east of known gold-antimony mineralization, and that earlier explorers had inferred the overlying Pilot Shale had been eroded in this area and did not test eastward, despite shallow high-grade intercepts in the easternmost holes previously drilled.
The company's updated model indicates the older dolomite was thrust over the prospective Pilot Shale unit, creating structural preparation and a fluid trap that preserves the favorable host at depth, which the company describes as the classic architecture for a Carlin-type system. According to the company, the 2025-2026 drill programs have validated this geological model, with holes collared in dolomite passing through the upper thrust plate and intersecting gold and antimony at multiple horizons within the underlying Pilot Shale, materially expanding the potential mineralization footprint at the project. The company stated the preserved Pilot Shale extends more than one kilometer east of prior drilling at Resurrection Ridge, and that property-wide, the updated model outlines multiple Au-Sb target corridors across the company's large, consolidated approximately 70 square kilometer (7,000 hectare) land package.
Resources and Financials
- Treasury: more than $42 million, according to the company
- 2026 program meters drilled: approximately 16,000 meters of a targeted 20,000 meters
- Holes completed: 70
- Assays pending: 54 holes
- PEA Engineering Study: targeted completion Q1-2027
What to Watch Next
- Assay results from the 54 additional holes pending after this news release
- Continued drill testing of gold-antimony targets, with approximately 20,000 meters planned in 2026 focused on the Bullet Zone / Armory Fault discoveries and resource conversion
- Ongoing metallurgical testwork
- Advancement of the PEA Engineering Study, targeted for completion in Q1-2027
- Early permitting activities for future operations, which the company states are driven by advancement of the Engineering Study
About NevGold Corp.
NevGold is dedicated to discovering, de-risking, and rapidly advancing gold and critical metals projects across premier jurisdictions in Nevada and Idaho to drive shareholder value and strengthen US mineral security. The Company holds a 100% interest in the Limousine Butte (gold-antimony) and Cedar Wash (gold) projects in Nevada, and the Nutmeg Mountain (gold) and Zeus (copper) projects in Idaho. For more information, please visit www.nev-gold.com.
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.
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