High Grade Discovery Of The Armoury Fault

VANCOUVER – NevGold Corp. reported high-grade oxide gold-antimony discovery of the Armory Fault at the Bullet Zone at its Limousine Butte Project in Nevada. The discovery of the Armory Fault is a key, transformational development in defining the high-grade structural controls of mineralization at the evolving Bullet Zone. All drillholes at the Bullet Zone from the 2H-2025 drill program intercepted substantial oxide gold-antimony mineralization, significantly 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 Project to define an initial gold-antimony Mineral Resource Estimate (MRE”).
The Armory Fault discovery identifies key structural control of high-grade mineralization at the Bullet Zone with oxide gold-antimony of 8.51 g/t AuEq over 10.6 meters (8.11 g/t Au and 0.10% Sb), within 2.32 g/t AuEq over 86.8 meters (1.94 g/t Au and 0.10% Sb).
LB25-017 Lower Zone (step-out, new “Armory Fault” discovery): 12.34 g/t AuEq over 3.0 meters (11.95 g/t Au and 0.10% Sb) within 8.51 g/t AuEq over 10.6 meters (8.11 g/t Au and 0.10% Sb), within 2.32 g/t AuEq over 86.8 meters (1.94 g/t Au and 0.10% Sb); due to drilling conditions, the hole terminated in 8.25 g/t oxide Au, with the highest interval up to 12.80 g/t oxide Au.
LB25-017 Upper Zone (step-out, expansion of near-surface high-grade oxide antimony-gold): 5.46 g/t AuEq over 3.1 meters (0.82% Sb and 2.27 g/t Au) within 3.14 g/t AuEq over 9.2 meters (0.48% Sb and 1.27 g/t Au) within 1.59 g/t AuEq over 21.3 meters (0.25% Sb and 0.61 g/t Au) starting at 4.6 meters; high-grade antimony is concentrated along the low-angle thrust fault under the “upper plate dolomite”.
LB25-016 (step-out, adds over 50 meters north of mineralization footprint): 1.25 g/t AuEq* over 10.7 meters (0.63 g/t Au and 0.16% Sb), within 0.66 g/t AuEq* over 30.5 meters (0.31 g/t Au and 0.09% Sb).
Armory Fault is transformational to the Project as it identifies important structural controls of high-grade oxide gold-antimony mineralization. No prior operators of the Project ever drilled into the Bullet Zone area. All drillholes at the Bullet Zone discovery have intercepted significant oxide gold-antimony mineralization.
Step-out drillholes add significant upside to the gold-antimony MRE potential. 2026 drilling will focus on rapidly testing this new high-grade gold-antimony discovery. 30 holes completed in the current 2025-2026 drill program with 12 holes pending release.
CEO, Brandon Bonifacio, said, “The discovery of the Armory Fault at the Bullet Zone is transformational from an exploration standpoint, as it identifies what is thought to be a key structural control of high-grade oxide gold-antimony mineralization. This fault was never modelled previously, and our technical team has done a tremendous job developing this target. Our geological model testing the “under the upper dolomite” target concept has been validated as we have intercepted significant gold-antimony mineralization in every single drillhole at the Bullet Zone. The mineralization footprint and upside that we have added to the future potential gold-antimony Mineral Resource Estimate (MRE) is significant, and we will start our 2026 drill program as rapidly as possible to further test this evolving, high-grade target area. We also strongly believe that this target model can be replicated project-wide, and we have many high-priority targets that are now emerging with this key transformational step-change in the project geological model. We continue to execute on all of our various work programs at Limo Butte, and the Project is one of the highest grade gold-antimony projects in the United States.”