NevGold Expands Antimony-Gold Resource Beyond Boundary on First Three Holes of 2026 Program

NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) reported assays from the first three drill holes of its 2026 program at the Limousine Butte project in Nevada on Aug. 25. The holes intercepted antimony-gold mineralization more than 100 meters outside the current resource block model, the company said, marking a step-out result that expands the deposit rather than simply confirming known ground.

The headline intercept came from hole LB26-003, which returned 1.16% antimony over 3.0 meters within a broader interval of 1.38 g/t gold-equivalent over 50.3 meters beginning at surface. The same hole returned a separate lower zone of 1.31 g/t gold-equivalent over 13.7 meters. From-surface mineralization is relevant for a potential open-pit, leach-oriented project, as material at or near the surface is simpler and cheaper to access.

LB26-002 returned a lower zone of 3.94 g/t gold-equivalent over 6.1 meters within a broader 1.04 g/t gold-equivalent interval over 65.5 meters. LB26-001 returned a lower zone of 3.30 g/t gold-equivalent over 3.0 meters, driven by a 2.39 g/t gold hit. NevGold CEO Brandon Bonifacio said in the release: "It is extremely encouraging that we have already been able to expand the maiden oxide antimony-gold MRE by over 100 meters outside of the current block model. The first 3 holes of the 2026 program all intercepted significant antimony-gold mineralization with antimony and gold grades consistently higher than the grades in the MRE."

The company described the expansion and conversion of the resource as the main focus of its targeted 20,000-meter program. The gold-equivalent figures use assumed prices of US$3,000 per ounce of gold and US$40,000 per tonne of antimony, with assumed recoveries of 80% for gold and 75% for antimony. Reported thicknesses are downhole widths, with true widths estimated at roughly 70% to 90% of those figures.

An element of the results that carries particular weight in an open-pit context is what NevGold calls converting waste to ore. The first three holes intercepted mineralization inside the 2026 resource pit-shell in areas previously modeled as barren, effectively turning blocks that had been treated as waste into potential ore while also adding tonnage outside the block model. That dual effect can improve project economics by raising mineralized tonnes and cutting the volume of material that would need to be moved as waste.

Bonifacio added that the holes drilled have focused on the Bullet Zone and Armory Fault area as a key extension on the eastern side of the Resurrection Ridge resource. He characterized the Limousine Butte project as "one of the largest and most strategic antimony-gold resources in the United States, which is growing with each drillhole."

With 28 holes completed in the 2026 campaign and assays pending for 25 of them, the three reported holes represent only the leading edge of the program. NevGold is also advancing a Preliminary Economic Assessment and engineering studies at the project, though that work remains ongoing.

Antimony is a critical mineral the United States designates as essential to national security. It is used to harden ammunition, in cartridge primers, in flame retardants, and in night-vision equipment. The country produces virtually none domestically and has relied on imports for the vast majority of supply, a vulnerability that sharpened when China moved to restrict antimony exports to the U.S.

Perpetua Resources Corp. (Nasdaq: PPTA) is developing the Stibnite Gold Project in Idaho, which is expected to become a significant domestic antimony source. It has advanced toward a construction decision with a US$2.9 billion EXIM loan approval and opened an antimony pilot plant with U.S. government and national-laboratory partners. Nova Minerals Corp. (NYSE American: NVA) is advancing the Estelle Gold and Critical Minerals Project in Alaska, backed by a U.S. Department of War award, targeting first antimony production around late 2026 or early 2027. Southern Cross Gold Consolidated Ltd. (OTCQX: SXGCF) has reported high-grade gold and antimony intercepts at its Sunday Creek project. United States Antimony Corporation (NYSE American: UAMY) operates smelting and processing capacity and represents the downstream end of the domestic antimony supply chain.

Drill results remain incremental by nature, and a three-hole update is not a resource estimate or a development decision. What gives it weight is the direction: a domestic antimony-gold resource that expanded on the first holes of the year, with grades that Bonifacio said run higher than the existing estimate and with the large majority of the program's assays still pending. With 25 holes awaiting assays and a strategic-metal backdrop driven by supply-security policy, the 2026 program is a concrete domestic antimony story to follow.

NevGold is an exploration-and-development company. Limousine Butte is not a mine. The Preliminary Economic Assessment and engineering work are still in progress, and individual drill intercepts are not a proxy for economic viability. This is a paid advertisement and is neither an offer nor a recommendation to buy or sell any security. MEL has been paid a fee for NevGold Corp. advertising and digital media from Creative Direct Marketing Group. The publisher and its owner/operators do not own any shares of NevGold Corp. but reserve the right to buy and sell shares at any time without further notice.

References to Perpetua Resources, Nova Minerals, Southern Cross Gold Consolidated, and United States Antimony Corporation are provided solely as market and sector context. Those companies are not peers, competitors, or financial comparables of NevGold Corp. and differ in size, stage, assets, capitalization, and business model. Their results and share performance describe those companies only and must not be relied upon in evaluating the profiled company.