# A Nevada Antimony-Gold Project, A Maiden Mineral Resource Estimate Coming, And C$42M In The Treasury

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--c104c49d-fc9a-48cb-83b8-716df8029fbd

Original source: https://money.tmx.com/en/quote/NG/news/7793750026959910/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4

Publisher: tmx

Original announcement: 2026-05-13T16:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: NevGold Corp.

- Ticker: NAU

- Exchange: TSX

- Region: Nevada

- Primary commodity: Gold

- Secondary commodities: Antimony

- Document categories: Drill results, Metallurgy, Capital raise

- Extracted: 2026-08-20 23:07:10 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

NevGold Corp. has reported a series of positive operational disclosures, including high-grade gold-antimony drill intercepts at Limousine Butte and successful Phase II metallurgical testwork. The company also upsized its recent financing to C$42 million, providing a strong treasury heading into its maiden Mineral Resource Estimate in Q2 2026.

Reasoning: The company has successfully stacked high-grade drill results, positive metallurgical outcomes, and a significant capital raise, all positioning it for a maiden MRE in Q2 2026.

- Positive factor: Strong drill intercepts at Resurrection Ridge

- Positive factor: Successful metallurgical testwork showing high gold and antimony recoveries

- Positive factor: Significant capital raise upsized to C$42M

- Positive factor: Near-term maiden MRE catalyst

Facts used in scoring: 9

## 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 the technical information has been reviewed and approved by Greg French, CPG, the Company's Qualified Person.

Evidence · text

> reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person

**Maiden Resource**

Polarity: neutral

Story-specific tag

Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The company is heading into its Q2 2026 maiden antimony-gold Mineral Resource Estimate.

Evidence · text

> heading into its Q2 2026 maiden antimony-gold Mineral Resource Estimate

## Extracted facts

Stored fact records: 9. Some facts used in scoring do not have a stored record.

## Drill Results (9)

### LB25-024

[Link to this fact](https://atlas-staging.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--c104c49d-fc9a-48cb-83b8-716df8029fbd#fact-drill-facts-0)

Limousine Butte · gold

#### Identity

- Hole ID: LB25-024
- Project: Limousine Butte
- Commodity: gold
- Ticker: NAU

#### Geometry

- Grade: 1.17
- Grade Unit: g/t
- Intercept: 7.7 m

#### Classification

- Sample Type: drill
- Group ID: LB25-024:0-7.7

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-13T00:00:00.000Z

Reasoning: Part of a high-grade AuEq intercept at the Bullet Zone.

- Positive factor: High grade intercept

Evidence · text

> 11.42 g/t AuEq over 7.7 meters \(2.64% Sb + 1.17 g/t Au\)

### LB25-024

[Link to this fact](https://atlas-staging.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--c104c49d-fc9a-48cb-83b8-716df8029fbd#fact-drill-facts-1)

Limousine Butte · antimony

#### Identity

- Hole ID: LB25-024
- Project: Limousine Butte
- Commodity: antimony
- Ticker: NAU

#### Geometry

- Grade: 2.64
- Grade Unit: %
- Intercept: 7.7 m

#### Classification

- Sample Type: drill
- Group ID: LB25-024:0-7.7

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-13T00:00:00.000Z

Reasoning: Significant antimony grade within the AuEq intercept.

- Positive factor: High grade antimony

Evidence · text

> 11.42 g/t AuEq over 7.7 meters \(2.64% Sb + 1.17 g/t Au\)

### LB25-024

[Link to this fact](https://atlas-staging.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--c104c49d-fc9a-48cb-83b8-716df8029fbd#fact-drill-facts-2)

Limousine Butte · gold

#### Identity

- Hole ID: LB25-024
- Project: Limousine Butte
- Commodity: gold
- Ticker: NAU

#### Geometry

- Grade: 0.67
- Grade Unit: g/t
- Intercept: 27.4 m

#### Classification

- Sample Type: drill
- Group ID: LB25-024:0-27.4

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-13T00:00:00.000Z

Reasoning: Broader mineralized envelope reported.

- Positive factor: Broad interval

Evidence · text

> 4.91 g/t AuEq over 27.4 meters \(1.09% Sb + 0.67 g/t Au\)

### LB25-024

[Link to this fact](https://atlas-staging.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--c104c49d-fc9a-48cb-83b8-716df8029fbd#fact-drill-facts-3)

Limousine Butte · antimony

#### Identity

- Hole ID: LB25-024
- Project: Limousine Butte
- Commodity: antimony
- Ticker: NAU

#### Geometry

- Grade: 1.09
- Grade Unit: %
- Intercept: 27.4 m

#### Classification

- Sample Type: drill
- Group ID: LB25-024:0-27.4

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-13T00:00:00.000Z

Reasoning: Part of the broader mineralized envelope.

- Positive factor: Consistent antimony mineralization

Evidence · text

> 4.91 g/t AuEq over 27.4 meters \(1.09% Sb + 0.67 g/t Au\)

### Resurrection Ridge

[Link to this fact](https://atlas-staging.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--c104c49d-fc9a-48cb-83b8-716df8029fbd#fact-drill-facts-4)

Limousine Butte · gold

#### Identity

- Hole ID: Resurrection Ridge
- Project: Limousine Butte
- Commodity: gold
- Ticker: NAU

#### Geometry

- Grade: 1.07
- Grade Unit: g/t
- Intercept: 100.6 m

#### Classification

- Sample Type: drill

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-13T00:00:00.000Z

Reasoning: Significant tonnage potential from wide intercept.

- Positive factor: Very wide intercept

Evidence · text

> 1.93 g/t gold equivalent over 100.6 meters from surface — comprising 1.07 g/t gold and 0.22% antimony

### Resurrection Ridge

[Link to this fact](https://atlas-staging.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--c104c49d-fc9a-48cb-83b8-716df8029fbd#fact-drill-facts-5)

Limousine Butte · antimony

#### Identity

- Hole ID: Resurrection Ridge
- Project: Limousine Butte
- Commodity: antimony
- Ticker: NAU

#### Geometry

- Grade: 0.22
- Grade Unit: %
- Intercept: 100.6 m

#### Classification

- Sample Type: drill

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-13T00:00:00.000Z

Reasoning: Part of a large gold-equivalent intercept.

Evidence · text

> 1.93 g/t gold equivalent over 100.6 meters from surface — comprising 1.07 g/t gold and 0.22% antimony

### Resurrection Ridge

[Link to this fact](https://atlas-staging.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--c104c49d-fc9a-48cb-83b8-716df8029fbd#fact-drill-facts-6)

Limousine Butte · antimony

#### Identity

- Hole ID: Resurrection Ridge
- Project: Limousine Butte
- Commodity: antimony
- Ticker: NAU

#### Geometry

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

#### Classification

- Sample Type: drill

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-13T00:00:00.000Z

Reasoning: Higher-grade sub-interval within the broader envelope.

- Positive factor: High grade interval

Evidence · text

> incorporating a higher-grade interval of 1.11% antimony over 6.1 meters

### Fact 8

[Link to this fact](https://atlas-staging.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--c104c49d-fc9a-48cb-83b8-716df8029fbd#fact-drill-facts-7)

gold

#### Identity

- Commodity: gold
- Ticker: NAU

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-13T00:00:00.000Z

Reasoning: Gold recoveries above 93% from residual material.

- Positive factor: High gold recovery

Evidence · text

> Cyanide shake tests on residual leach pad material... returned average gold recoveries above 93%

### Fact 9

[Link to this fact](https://atlas-staging.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--c104c49d-fc9a-48cb-83b8-716df8029fbd#fact-drill-facts-8)

antimony

#### Identity

- Commodity: antimony
- Ticker: NAU

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-13T00:00:00.000Z

Reasoning: Antimony extraction ranged from 54% to 92%.

- Positive factor: Acceptable recovery range

Evidence · text

> Acid leach antimony extraction across the tested samples 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.