# Nevada's Oxide Gold Districts Are Being Redrilled for a Second Metal Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nevada-s-oxide-gold-districts-are-being-redrilled-for-a-second-metal--5e604135-4ef4-4a6f-9133-7c9dfa3fe8f7 Original source: https://investingnews.com/nevada-s-oxide-gold-districts-are-being-redrilled-for-a-second-metal/ Publisher: investingnews Original announcement: 2026-09-17T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-17T15:18:55.866Z Atlas analysis updated: 2026-09-17T15:18:55.866Z - Company: Nevgold Corp. - Ticker: NAU - Exchange: TSXV - Region: Nevada - Primary commodity: Gold - Secondary commodities: Antimony - Document categories: Drill results, Other - Extracted: 2026-09-17 15:18:56 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Nevgold Corp. reported oxide gold and antimony drill results from its Limousine Butte Project in Nevada. The results include a 42.7m gold intercept outside the existing pit-shell and a high-grade 3.0m gold intercept inside the pit-shell that converts previously unmineralized blocks. Reasoning: Drill results demonstrate both resource expansion \(outside pit-shell\) and resource conversion \(inside pit-shell\) for gold and antimony, though a significant portion of the program results are still pending. - Positive factor: Step-Out Extension - Positive factor: Resource Conversion - Positive factor: Expansion of mineralization both inside and outside pit-shell - Negative factor: Assays pending for majority of holes - Negative factor: No updated MRE issued yet Facts used in scoring: 5 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: LB26-007 returned mineralization outside of the 2026 MRE pit-shell. Evidence · text > Expansion outside the 2026 pit-shell: LB26-007 Lower returned 1.06 g/t oxide gold over 42.7 meters **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: Release mentions insertion of duplicate, blank and standard samples and uses an ISO 17025 certified lab. Evidence · text > Nevgold Corp. QA/QC protocols include insertion of duplicate, blank and standard samples in all drill holes, with a 30g gold fire assay and multi-elemental ICP-OES analysis completed by ISO 17025 certified American Assay Labs **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The programme is described as focused on resource conversion and expansion inside the pit-shell. Evidence · text > focused on the Bullet Zone and Armory Fault and on resource conversion. ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### LB26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/nevada-s-oxide-gold-districts-are-being-redrilled-for-a-second-metal--5e604135-4ef4-4a6f-9133-7c9dfa3fe8f7#fact-drill-facts-0) Limousine Butte · gold #### Identity - Hole ID: LB26-007 - Project: Limousine Butte - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NAU #### Geometry - Grade: 1.06 - Grade Unit: g/t - Intercept: 42.7 m #### Classification - Sample Type: drill - Group ID: LB26-007:null-null - Mining Method: open\_pit #### Location - Location: outside of 2026 MRE pit-shell - Loc. Source: document #### QA/QC - Laboratory: American Assay Labs - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Significant width intercept outside the existing pit-shell, suggesting potential resource expansion. - Positive factor: Step-Out Extension Evidence · text > LB26-007 Lower returned 1.06 g/t oxide gold over 42.7 meters #### Tags used in scoring **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: qaqc\_disclosed is 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Corporate info Insights Growth strategies Upcoming projects GET YOUR FREE INVESTOR KIT Interactive Chart Latest Press Re" ### LB26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/nevada-s-oxide-gold-districts-are-being-redrilled-for-a-second-metal--5e604135-4ef4-4a6f-9133-7c9dfa3fe8f7#fact-drill-facts-1) Limousine Butte · gold #### Identity - Hole ID: LB26-007 - Project: Limousine Butte - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NAU #### Geometry - Grade: 1.89 - Grade Unit: g/t - Intercept: 18.3 m #### Classification - Sample Type: drill - Group ID: LB26-007:null-null - Mining Method: open\_pit #### Location - Location: outside of 2026 MRE pit-shell - Loc. Source: document #### QA/QC - Laboratory: American Assay Labs - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: High-grade sub-interval within a larger step-out intercept. Evidence · text > including 1.89 g/t oxide gold over 18.3 meters #### Tags used in scoring **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: qaqc\_disclosed is 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Corporate info Insights Growth strategies Upcoming projects GET YOUR FREE INVESTOR KIT Interactive Chart Latest Press Re" ### LB26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/nevada-s-oxide-gold-districts-are-being-redrilled-for-a-second-metal--5e604135-4ef4-4a6f-9133-7c9dfa3fe8f7#fact-drill-facts-2) Limousine Butte · antimony #### Identity - Hole ID: LB26-007 - Project: Limousine Butte - Commodity: antimony - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NAU #### Geometry - Grade: 0.2 - Grade Unit: % - Intercept: 16.8 m #### Classification - Sample Type: drill - Group ID: LB26-007:null-null - Mining Method: open\_pit #### Location - Location: outside of 2026 MRE pit-shell - Loc. Source: document #### QA/QC - Laboratory: American Assay Labs - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Discovery of antimony in the same system, providing a second revenue stream. Evidence · text > LB26-007 Upper returned 0.20% antimony over 16.8 meters #### Tags used in scoring **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: qaqc\_disclosed is 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Corporate info Insights Growth strategies Upcoming projects GET YOUR FREE INVESTOR KIT Interactive Chart Latest Press Re" ### LB26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/nevada-s-oxide-gold-districts-are-being-redrilled-for-a-second-metal--5e604135-4ef4-4a6f-9133-7c9dfa3fe8f7#fact-drill-facts-3) Limousine Butte · gold #### Identity - Hole ID: LB26-004 - Project: Limousine Butte - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NAU #### Geometry - Grade: 5 - Grade Unit: g/t - Intercept: 3 m #### Classification - Sample Type: drill - Group ID: LB26-004:null-null - Mining Method: open\_pit #### Location - Location: within 1.23 g/t oxide gold over 27.4 meters - Loc. Source: document #### QA/QC - Laboratory: American Assay Labs - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: High-grade intercept that converts previously unmineralized blocks inside the pit-shell. - Positive factor: Resource Conversion Evidence · text > LB26-004 returned 5.00 g/t oxide gold over 3.0 meters #### Tags used in scoring **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: qaqc\_disclosed is 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Corporate info Insights Growth strategies Upcoming projects GET YOUR FREE INVESTOR KIT Interactive Chart Latest Press Re" ### LB26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/nevada-s-oxide-gold-districts-are-being-redrilled-for-a-second-metal--5e604135-4ef4-4a6f-9133-7c9dfa3fe8f7#fact-drill-facts-4) Limousine Butte · gold #### Identity - Hole ID: LB26-004 - Project: Limousine Butte - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NAU #### Geometry - Grade: 1.23 - Grade Unit: g/t - Intercept: 27.4 m #### Classification - Sample Type: drill - Group ID: LB26-004:null-null - Mining Method: open\_pit #### Location - Location: inside the 2026 pit-shell - Loc. Source: document #### QA/QC - Laboratory: American Assay Labs - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Broad intercept converting unmineralized blocks within the pit-shell. - Positive factor: Resource Conversion Evidence · text > within 1.23 g/t oxide gold over 27.4 meters #### Tags used in scoring **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: qaqc\_disclosed is 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Corporate info Insights Growth strategies Upcoming projects GET YOUR FREE INVESTOR KIT Interactive Chart Latest Press Re" ## 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.