NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada, Idaho, and British Columbia. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Ptarmigan silver-polymetallic project in Southeast BC, and has an option to acquire 100% of the Nutmeg Mountain gold project in Idaho.
Latest Drilling Results
Key Highlights from Drilling
30 holes have been completed in the current 2025-2026 drill program with assays pending
The Company has completed Phase 1 antimony-gold sampling of the Crushed and Run of Mine (“ROM”) leach pads from the past-producing Golden Butte pit, which produced over 100,000 ounces of gold in 1989-1990
The historic leach pads have material at surface that was previously mined and crushed with strong antimony-gold potential (see Figure 3); the previous Golden Butte operation was solely focused on gold with no focus on antimony
Phase I sampling results will be released over the coming weeks
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 near-surface, high-grade antimony mineralization
Limo Butte Planned 2025-2026 Activities / Status Update
NevGold will continue its active exploration program at Limo Butte including:
Evaluating the historical geological database with focus on gold and antimony (completed);
Advancing metallurgical testwork (Phase II completed);
Continuing to drill test gold-antimony targets (ongoing, 30 drillholes completed)
Sampling the Crushed and ROM leach pads from the past-producing Golden Butte pit to determine the antimony-gold mineralization (Phase I sampling completed, results in the coming weeks);
Completing initial gold-antimony Mineral Resource Estimate (MRE) (in progress).
Other 2025-2026 Project Updates
Nutmeg Mountain Gold Project (Idaho)
2025 Mineral Resource Estimate (“MRE”) completed September-2025
Metallurgical testwork continues
CSAMT Geophysics to start early January; additional data layers will guide 2026 drill targeting for more near-surface gold mineralization and the potential high-grade gold feeder structure
2026 Drill Program of ~5,000 meters focused on significantly expanding the 2025 MRE
Zeus Copper Project (Idaho)
Geophysical Induced Polarization (“IP”) and Magnetotellurics (“MT”) program completed in November-2025
Drill targeting for 2026 field program is in process
KBRC368 intersected 0.78 g/t Au over 16.0 m from 16 m, including a higher-grade interval of 8.17 g/t Au over 1.0 m from 31 m.
KBRC369 intersected 0.51 g/t Au over 18.0 m from 44 m, with a higher-grade interval of 3.29 g/t Au over 2.0 m from 44 m.
Drilling intersected higher-grade intervals in the shallow fresh mineralization.
KBRC370 intersected 3.16 g/t Au over 3.0 m from 62 m.
Final results from the completed first phase of RC drilling at Enchi, with ~98% of holes intersecting gold mineralization.
Strong continuity of gold mineralization, with drilling required for resource conversion in advance of commissioning a Pre-Feasibility Study now complete.
Diamond drilling underway at Enchi to define higher-grade potential at depth.
First assay results expected to be released in January 2026.
Disclaimer/Disclosure
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