NevGold Announces Up To 53.7% Antimony, And Fourteen Samples Over 2% Antimony, From Surface Sampling On Pre-Strip Dump
Rhea-AI Summary
NevGold (OTCQX:NAUFF) reported surface grid and grab sampling from the Pre-Strip Dump at the Limousine Butte antimony-gold project in Nevada, including antimony grades up to 53.71% Sb, with six samples over 10% Sb and fourteen over 2% Sb.
The company has completed follow-up test-pit sampling to ~3.5 meters, with results pending, and plans to incorporate the Pre-Strip Dump, historical gold leach pads, Resurrection Ridge, Cadillac Valley, and other targets into a maiden antimony-gold mineral resource estimate that is advancing toward completion. NevGold also restated and expanded marketing agreements with CDMG totaling US$915,482, subject to TSXV approval.
Positive
- Surface samples up to 53.71% Sb with six over 10% Sb
- Fourteen surface samples above 2% Sb from the Pre-Strip Dump
- Test-pit sampling to approximately 3.5 meters completed, results pending
- Maiden antimony-gold MRE for Limousine Butte is advancing and nearing completion
- Large drillhole database of approximately 130,000 meters to support the MRE
Negative
- Marketing contracts with CDMG total US$915,482 in cash payments
- CDMG marketing agreements remain subject to TSXV approval
News Market Reaction – NAUFF
In the May 28 session, NAUFF gained 6.34%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia, May 28, 2026 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce surface grid and grab sampling results from the historical Pre-Strip Dump at the antimony (“Sb”) and gold (“Au”) Limousine Butte Project (the “Project”, “Limo Butte”) in Nevada. The Pre-Strip Dump material was not processed during the 1989-1990 Golden Butte pit mining operation. The surface sampling program highlights the significant high-grade antimony potential at-surface in the Pre-Strip Dump. After the surface sampling, the Company completed a test-pit sampling program consistent with the methodology used on the historical gold leach pads. With pending results from the test-pit sampling program, the Pre-Strip Dump will potentially be incorporated into the upcoming antimony-gold Mineral Resource Estimate (“MRE”), which is nearing completion.
Key Highlights
- High-grade antimony results up to
53.7% Sb, with six samples over10% Sb, and fourteen samples over2% Sb, highlighting the significant antimony potential at-surface in the Pre-Strip Dump:
-
- LRSUD-27:
53.71% Sb - LRSUD-31:
35.62% Sb, 0.20 g/t Au - LRSUD-28:
24.32% Sb - LRSUD-30:
16.68% Sb, 0.21 g/t Au - LRSUD-29:
16.27% Sb, 0.16 g/t Au - LRSUD-33:
11.89% Sb, 0.11 g/t Au - LRSUD-32:
7.60% Sb, 0.22 g/t Au - LRSUD-10:
5.19% Sb - LRSUD-18:
4.01% Sb, 0.48 g/t Au - LRSUD-09:
3.95% Sb - LRSUD-24:
3.87% Sb, 0.21 g/t Au - LRSUD-07:
3.48% Sb, 0.15 g/t Au - LRSUD-11:
2.44% Sb, 0.30 g/t Au - LRSUD-15:
2.17% Sb
- LRSUD-27:
- It is estimated that material on the Pre-Strip Dump was from adjacent to the Nevada Antimony Mine and Lage Antimony Prospect, which mined high-grade antimony in the World War II era
-
- Nevada Antimony Mine and Lage Antimony Prospect are key drill targets in 2026
- After completing the surface grid and grab sampling program, the Company followed-up with a test-pit sampling program focused on potentially advancing the Pre-Strip Dump into the upcoming antimony-gold MRE
-
- Test-pit sampling program results are pending
- Maiden antimony-gold MRE on the historical gold leach pads, Pre-Strip Dump, and larger project area, including Resurrection Ridge and Cadillac Valley, is advancing and nearing completion
NevGold CEO, Brandon Bonifacio, comments: “The initial surface sampling program on the Pre-Strip Dump has yielded some of the highest antimony grades seen at Limo Butte. With up to
Figure 1 – Figure outlining the Pre-Strip Dump, which is immediately adjacent to the historical Golden Butte pit which was a gold mining operation in 1989-1990. It is estimated that the Pre-Strip Dump material was from adjacent to the historical Nevada Antimony Mine and Lage Antimony Prospect, which mined high-grade antimony in the World War II era. Surface sample results include
Figure 2 - Selective rock chip sample LRSUD-29 grading
Figure 3 – The Pre-Strip Dump is located immediately adjacent to the past-producing Golden Butte Pit, which was a gold-focused mining operation in 1989-1990. The initial surface sampling results from the Pre-Strip Dump highlight the high-grade antimony potential, which is further at-surface material in addition to the historical Crushed and Run-of-Mine gold leach pads. To view image please click here
Table 1: Pre-Strip Dump Sample Results
| Sample ID** | % Sb | g/t Au |
| LRSUD-27 | 0.05 | |
| LRSUD-31 | 0.20 | |
| LRSUD-28 | 0.07 | |
| LRSUD-30 | 0.21 | |
| LRSUD-29 | 0.16 | |
| LRSUD-33 | 0.11 | |
| LRSUD-32 | 0.22 | |
| LRSUD-10 | 0.09 | |
| LRSUD-18 | 0.48 | |
| LRSUD-09 | 0.05 | |
| LRSUD-24 | 0.21 | |
| LRSUD-07 | 0.15 | |
| LRSUD-11 | 0.30 | |
| LRSUD-15 | 0.03 | |
| LRSUD-22 | 0.45 | |
| LRSUD-16 | 0.31 | |
| LRSUD-26 | 0.23 | |
| LRSUD-14 | 0.27 | |
| LRSUD-12 | 0.12 | |
| LRSUD-21 | 0.83 | |
| LRSUD-05 | 0.09 | |
| LRSUD-19 | 0.31 | |
| LRSUD-17 | 0.14 | |
| LRSUD-06 | 0.29 | |
| LRSUD-13 | 0.38 | |
| LRSUD-04 | 0.18 | |
| LRSUD-08 | 0.13 | |
| LRSUD-02 | 0.12 | |
| LRSUD-03 | 0.05 |
*Initial surface sampling program was completed across the Pre-Strip Dump as seen in Figure 1 and Figure 3. After completing the surface sampling, the Company followed up with a test-pit sampling program where sample pits were dug to approximately 3.5 meters.
** LRSUD-01, LRSUD-20, LRSUD-23, LRSUD-25 were not sampled as Sample ID was established prior to the program execution.
Restatement of Marketing Contract from News Release on February 10, 2026 and New Contract Entered Into On April 21, 2026
On February 10, 2026 the Company announced that it had engaged Creative Direct Marketing Group, Inc. (“CDMG”), an arm’s-length service provider, to provide marketing and advertising services for an aggregate total of US
ON BEHALF OF THE BOARD
“Signed”
Brandon Bonifacio, President & CEO
For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com.
Sampling Methodology, Quality Control and Quality Assurance
NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. Drill, surface, and test-pit samples are sent to ISO 17025 certified American Assay Labs in Reno, Nevada. A 30g gold fire assay and multi-elemental analysis ICP-OES method were completed.
The surface grid and grab samples weighed approximately 3 kilograms and were collected over a 1 meter area on grid and individual spot samples. Results from this sampling should only be used as a preliminary indicator of mineralization.
The sampling program was completed by the NevGold Geological Team, and was overseen by Greg French, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person (“QP”) under National Instrument 43-101.
Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person (“QP”) under National Instrument 43-101 and responsible for technical matters of this release.
About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a
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.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Forward-looking statements include, but are not limited to, the future project milestones such as the potential antimony-gold Mineral Resource Estimate (“MRE”), and inclusion of the Pre-Strip Dump in the MRE. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
