NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50) has begun its 2025 drill program at the Limousine Butte Project in Nevada, targeting oxide gold and antimony.
The company announced on Wednesday that it plans a 5,000 meter reverse circulation program across the Resurrection Ridge and Cadillac Valley targets. Drilling began in August, with the initial phase focused on Resurrection Ridge.
The work aims to move the project toward its first oxide gold-antimony mineral resource estimate. NevGold has a large historical drillhole database, especially at Limousine Butte, which provides a foundation for both delineation and expansion drilling. This marks the first time a program at the site has given equal weight to both gold and antimony.
As crews advanced road and drill pad construction, they uncovered new outcrops of stibiconite, an antimony oxide mineral. These exposures add to the potential of the eastern side of Resurrection Ridge, where mineralization remains open to the east. The new findings also give the company more confidence in the broader scope of mineralization.
The program also represents the first drilling conducted under the project’s approved advanced Plan of Operations permit. The expanded permit area now covers other untested targets on the property. This expansion provides significant potential for new discoveries and resource growth. In addition, it allows the company to accelerate development timelines with fewer regulatory constraints.
We are excited to commence our 2025 drill program at Limo Butte with the objective of advancing the Project to an initial oxide gold-antimony Mineral Resource Estimate,” said Brandon Bonifacio, NevGold’s CEO.
Visible stibiconite (antimony oxide mineral) from drillpad construction.
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Knowledge and completed permits give NevGold an edge
The company believes Resurrection Ridge and Cadillac Valley hold the most immediate potential for expansion. Both areas have seen significant technical work in recent years, giving the team strong insight into the mineral systems. Furthermore, NevGold emphasized its ability to move faster than many peers in the gold-antimony space. Bonifacio further noted that strong institutional knowledge, paired with completed permitting work, gives the company a unique edge.
Antimony has drawn increased attention in the United States due to its critical role in national supply chains. It is used in flame retardants, batteries, and military applications. Gold remains the primary value driver, but the combination of the two metals strengthens the project’s importance. Additionally, the company believes the supportive macroeconomic environment for critical minerals will accelerate investor interest.
NevGold continues to display Nevada as one of the world’s most prolific mining jurisdictions. The state’s infrastructure, workforce, and regulatory framework all support efficient exploration and development. Meanwhile, the company’s focus on domestic supply lines aligns with U.S. policy objectives.
The 2025 program could mark a turning point for the Limousine Butte Project. If successful, it will not only establish an initial mineral resource estimate but also set the stage for larger-scale development. NevGold expects this work to unlock further opportunities while reinforcing its position in the U.S. gold and antimony sector.
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