Positive Oxide Gold-Antimony Results At Limousine Butte Project

VANCOUVER – NevGold Corp. reported further positive oxide gold-antimony drill results at its Limousine Butte Project in Nevada. All drillholes with assays from the “Bullet Zone” discovery have intercepted significant gold-antimony mineralization 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 advanced targets to advance the Project to an initial gold-antimony Mineral Resource Estimate (MRE).
More near-surface high-grade oxide gold-antimony intercepted with 12.42 g/t AuEq over 3.1 meters (3.06% Sb and 0.53 g/t Au), within 3.30 g/t AuEq over 32.0 meters (0.63% Sb and 0.87 g/t Au): 1) LB25-019 (antimony infill, gap in antimony data): 12.42 g/t AuEq over 3.1 meters (3.06% Sb and 0.53 g/t Au), within 3.30 g/t AuEq over 32.0 meters (0.63% Sb and 0.87 g/t Au). 2) LB25-013 (step-out over 150 meters east): 1.37 g/t AuEq over 21.4 meters (0.31% Sb and 0.16 g/t Au) within 0.97 g/t AuEq over 45.8 meters (0.20% Sb and 0.20 g/t Au). 3) LB25-014 (step-out over 150 meters east): 1.78 g/t AuEq over 10.7 meters (0.42% Sb and 0.15 g/t Au) within 0.84 g/t AuEq over 36.6 meters (0.19% Sb and 0.10 g/t Au). 4) LB25-015 (step-out over 150 meters east): 1.02 g/t AuEq over 9.2 meters (0.78 g/t Au and 0.06% Sb) within 0.66 g/t AuEq over 32.0 meters (0.43 g/t Au and 0.06% Sb). 5) Gold equivalents (AuEq) are based on assumed metals prices of US$3,000/oz of gold and US$40,000 per tonne of antimony, and assumed metals recoveries of 80% for gold and 75% for antimony.
All drillholes with assays at “Bullet Zone” discovery have intercepted significant oxide gold-antimony mineralization. New NevGold geological model is confirmed with 2025 drill program. All drillholes with assays have intercepted significant gold-antimony mineralization below the older thrusted upper dolomite unit; with these positive results, follow-up drilling is planned in this area in 2026. Step-out drillholes expand the mineralized footprint over 150 meters to the east increasing gold-antimony MRE potential. Holes LB25-011 to LB25-015 have defined over 300 meters northeast-southwest of mineralization strike length mineralization trends to surface. 30 holes completed in the current 2025-2026 drill program. 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,