# A Fully Funded Junior in the Middle of a Q2 Catalyst Window: NevGold Heads Into Maiden Antimony-Gold MRE With C$42.2M in the Treasury

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/a-fully-funded-junior-in-the-middle-of-a-q2-catalyst-window-nevgold-heads-into-m--6103793d-d209-4b5b-a190-c2265100fafd

Original source: https://orestocks.com/company/NAU.V/press-releases/7337755928264843

Publisher: orestocks

Original announcement: 2026-05-06T17:15:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-01T03:56:28.532Z

Atlas analysis updated: 2026-10-01T03:56:28.532Z

- Company: NevGold Corp.

- Ticker: NAU

- Exchange: TSXV

- Region: Nevada

- Primary commodity: Antimony

- Secondary commodities: Gold

- Document categories: Drill results, Capital raise, Metallurgy

- Extracted: 2026-10-01 03:56:29 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

NevGold Corp. has upsized its brokered financing to C$42.2 million, providing strong liquidity ahead of its maiden antimony-gold Mineral Resource Estimate at Limousine Butte, Nevada, targeted for Q2 2026. The company also reported high gold recoveries of up to 99% from metallurgical testwork on historical leach pad material.

Reasoning: The company has successfully upsized its financing and is approaching a major maiden resource milestone for a critical mineral, supported by strong metallurgical results.

- Positive factor: Upsized C$42.2M financing provides significant runway

- Positive factor: High gold recoveries \(up to 99%\) from metallurgical testwork

- Positive factor: Maiden antimony-gold MRE targeted for Q2 2026

- Positive factor: Strategic positioning in critical minerals \(antimony\) amid US policy tailwinds

Facts used in scoring: 11

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The document mentions metallurgical testwork and refers to NI 43-101 compliance for the upcoming MRE.

Evidence · text

> maiden antimony-gold NI 43-101 Mineral Resource Estimate

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The sonic drill results from historical leach pads are confirmatory of existing material.

Evidence · text

> positive and consistent antimony-gold sonic drill results from the historic gold leach pads

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap\_leach route \("heap leach"\)

**Multi-Domain Tested**

Polarity: positive

Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed.

Why it applies: 2 distinct composites were tested

## Extracted facts

Stored fact records: 11. Some facts used in scoring do not have a stored record.

## Drill Results (9)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/a-fully-funded-junior-in-the-middle-of-a-q2-catalyst-window-nevgold-heads-into-m--6103793d-d209-4b5b-a190-c2265100fafd#fact-drill-facts-0)

Limousine Butte · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Limousine Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: NAU

#### Geometry

- Grade: 1.07
- Grade Unit: g/t
- Intercept: 100.6 m
- From: 0 m
- To: 100.6 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: null:0.0-100.6
- Mining Method: open\_pit

#### Location

- Location: Resurrection Ridge
- Loc. Source: document

#### QA/QC

- QA/QC Methods: standards

#### Metal Equivalent

- Metal Eq. Grade: 1.93
- Metal Eq. Unit: g/t AuEq

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Significant width intercept from surface at Limousine Butte.

- Positive factor: Broad intercept of 100.6m from surface

Evidence · text

> 1.93 g/t gold equivalent over 100.6 meters from surface \(1.07 g/t Au + 0.22% Sb\) at Resurrection Ridge

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/a-fully-funded-junior-in-the-middle-of-a-q2-catalyst-window-nevgold-heads-into-m--6103793d-d209-4b5b-a190-c2265100fafd#fact-drill-facts-1)

Limousine Butte · antimony

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Limousine Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: NAU

#### Geometry

- Grade: 0.22
- Grade Unit: %
- Intercept: 100.6 m
- From: 0 m
- To: 100.6 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: null:0.0-100.6
- Mining Method: open\_pit

#### Location

- Location: Resurrection Ridge
- Loc. Source: document

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Antimony component of the broad gold-equivalent intercept.

- Positive factor: Part of a large 100m intercept

Evidence · text

> 1.07 g/t Au + 0.22% Sb

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 3

[Link to this fact](https://atlas-staging.minestarters.com/news/a-fully-funded-junior-in-the-middle-of-a-q2-catalyst-window-nevgold-heads-into-m--6103793d-d209-4b5b-a190-c2265100fafd#fact-drill-facts-2)

Limousine Butte · antimony

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Limousine Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: NAU

#### Geometry

- Grade: 1.11
- Grade Unit: %
- Intercept: 6.1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Location: Limousine Butte
- Loc. Source: document

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Strong antimony grade reported within a larger interval.

- Positive factor: High grade antimony intercept

Evidence · text

> 1.11% antimony intercept over 6.1 meters inside that broader interval

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 4

[Link to this fact](https://atlas-staging.minestarters.com/news/a-fully-funded-junior-in-the-middle-of-a-q2-catalyst-window-nevgold-heads-into-m--6103793d-d209-4b5b-a190-c2265100fafd#fact-drill-facts-3)

Limousine Butte · antimony

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Limousine Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: NAU

#### Geometry

- Grade: 0.34
- Grade Unit: %
- Intercept: 12.5 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: null:0.0-12.5
- Mining Method: open\_pit

#### Location

- Location: historic gold leach pads
- Loc. Source: document

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Sonic drill results from historical leach pads.

- Positive factor: Consistent with Phase I sampling

Evidence · text

> 0.34% antimony with 0.41 g/t gold over 12.5 meters

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 5

[Link to this fact](https://atlas-staging.minestarters.com/news/a-fully-funded-junior-in-the-middle-of-a-q2-catalyst-window-nevgold-heads-into-m--6103793d-d209-4b5b-a190-c2265100fafd#fact-drill-facts-4)

Limousine Butte · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Limousine Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: NAU

#### Geometry

- Grade: 0.41
- Grade Unit: g/t
- Intercept: 12.5 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: null:0.0-12.5
- Mining Method: open\_pit

#### Location

- Location: historic gold leach pads
- Loc. Source: document

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Gold component of sonic drill results from leach pads.

- Positive factor: Consistent with Phase I sampling

Evidence · text

> 0.34% antimony with 0.41 g/t gold over 12.5 meters

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 6

[Link to this fact](https://atlas-staging.minestarters.com/news/a-fully-funded-junior-in-the-middle-of-a-q2-catalyst-window-nevgold-heads-into-m--6103793d-d209-4b5b-a190-c2265100fafd#fact-drill-facts-5)

Limousine Butte · antimony

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Limousine Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: NAU

#### Geometry

- Grade: 0.33
- Grade Unit: %
- Intercept: 11 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: null:0.0-11.0
- Mining Method: open\_pit

#### Location

- Location: historic gold leach pads
- Loc. Source: document

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Sonic drill results from historical leach pads.

- Positive factor: Consistent with Phase I sampling

Evidence · text

> 0.33% Sb and 0.55 g/t Au over 11.0 meters

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 7

[Link to this fact](https://atlas-staging.minestarters.com/news/a-fully-funded-junior-in-the-middle-of-a-q2-catalyst-window-nevgold-heads-into-m--6103793d-d209-4b5b-a190-c2265100fafd#fact-drill-facts-6)

Limousine Butte · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Limousine Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: NAU

#### Geometry

- Grade: 0.55
- Grade Unit: g/t
- Intercept: 11 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: null:0.0-11.0
- Mining Method: open\_pit

#### Location

- Location: historic gold leach pads
- Loc. Source: document

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Gold component of sonic drill results from leach pads.

- Positive factor: Consistent with Phase I sampling

Evidence · text

> 0.33% Sb and 0.55 g/t Au over 11.0 meters

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 8

[Link to this fact](https://atlas-staging.minestarters.com/news/a-fully-funded-junior-in-the-middle-of-a-q2-catalyst-window-nevgold-heads-into-m--6103793d-d209-4b5b-a190-c2265100fafd#fact-drill-facts-7)

Limousine Butte · antimony

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Limousine Butte
- Commodity: antimony
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: NAU

#### Geometry

- Grade: 0.31
- Grade Unit: %
- Intercept: 14.6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: null:0.0-14.6
- Mining Method: open\_pit

#### Location

- Location: historic gold leach pads
- Loc. Source: document

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Sonic drill results from historical leach pads.

- Positive factor: Consistent with Phase I sampling

Evidence · text

> 0.31% Sb and 0.50 g/t Au over 14.6 meters

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 9

[Link to this fact](https://atlas-staging.minestarters.com/news/a-fully-funded-junior-in-the-middle-of-a-q2-catalyst-window-nevgold-heads-into-m--6103793d-d209-4b5b-a190-c2265100fafd#fact-drill-facts-8)

Limousine Butte · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Limousine Butte
- Commodity: gold
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: NAU

#### Geometry

- Grade: 0.5
- Grade Unit: g/t
- Intercept: 14.6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: null:0.0-14.6
- Mining Method: open\_pit

#### Location

- Location: historic gold leach pads
- Loc. Source: document

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Gold component of sonic drill results from leach pads.

- Positive factor: Consistent with Phase I sampling

Evidence · text

> 0.31% Sb and 0.50 g/t Au over 14.6 meters

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## Metallurgical Results (2)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/a-fully-funded-junior-in-the-middle-of-a-q2-catalyst-window-nevgold-heads-into-m--6103793d-d209-4b5b-a190-c2265100fafd#fact-metallurgical-facts-9)

gold

#### Identity

- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Test Work

- Sample: cyanide shake tests on residual leach pad material

#### Recovery

- Recovery: 93 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Strong gold recovery results from Phase II metallurgical testwork.

- Positive factor: High gold recovery from residual material

Evidence · text

> Cyanide shake tests on the residual leach pad material after antimony extraction returned average gold recoveries above 93%

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/a-fully-funded-junior-in-the-middle-of-a-q2-catalyst-window-nevgold-heads-into-m--6103793d-d209-4b5b-a190-c2265100fafd#fact-metallurgical-facts-10)

antimony

#### Identity

- Commodity: antimony
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: NAU

#### Test Work

- Sample: acid leach antimony extraction

#### Recovery

- Recovery: 54 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Variable antimony extraction results reported.

- Positive factor: Recovery up to 92%

- Negative factor: Lower end of range is 54%

Evidence · text

> Acid leach antimony extraction ranged from 54% to 92%

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.