NevGold Intercepts 1.06 g/t Oxide Au Over 42.7 Meters Outside of 2026 MRE Pit-shell; Mineralization Also Expanded Inside Pit-Shell With 5.00 g/t Oxide Au Over 3.0 Meters Within 1.23 g/t Oxide Au Over 27.4 Meters at Limo Butte, Nevada
Original announcement by globenewswire on
- Company
- NevGold Corp.
- Ticker
- NAU
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Antimony
- Document categories
- Drill results, Resource update
- Extracted
- 2026-09-17 12:35:34 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
NevGold Corp. has reported significant oxide gold and antimony expansion at its Limo Butte Project in Nevada. Drilling has successfully intercepted high-grade mineralization both inside and outside the 2026 Mineral Resource Estimate pit-shell, including a 5.00 g/t Au intercept.
Reasoning: The drill results demonstrate significant expansion of the resource footprint both within and beyond the existing pit-shell, with high-grade gold and antimony intercepts.
Positive factors
- Expansion of mineralization both inside and outside the 2026 MRE pit-shell
- High-grade intercepts (5.00 g/t Au) within the pit-shell
- Thick intercepts (42.7 m) outside the pit-shell
- QA/QC protocols disclosed including certified lab and QP sign-off
Negative factors
- Apparent width only (true width not explicitly stated for all intercepts)
Facts used in scoring: 9
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: LB26-007 Lower expands mineralization outside the 2026 MRE pit-shell.
Evidence · text
“significantly expanded oxide gold mineralization both inside and outside of the 2026 Mineral Resource Estimate”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions insertion of duplicates, blanks, and standards and uses an ISO 17025 certified lab.
Evidence · text
“insertion of duplicate, blank and standard samples in all drill holes. A 30g gold fire assay... was completed by ISO 17025 certified American Assay Labs”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: LB26-007 Upper is explicitly described as infill.
Evidence · text
“LB26-007 Upper (infill)”
Extracted facts
Stored fact records: 9. Some facts used in scoring do not have a stored record.
Drill Results (9)
LB26-004Limo Butte · goldGrade: 1.23Grade Unit: g/tIntercept: 27.4 mView all detailsHide details
Identity
- Hole ID
- LB26-004
- Project
- Limo Butte
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 1.23
- Grade Unit
- g/t
- Intercept
- 27.4 m
- From
- 164.6 m
- To
- 192 m
- Intercept Depth
- 164.6 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LB26-004:164.6-192
- Mining Method
- open_pit
Location
- Location
- Resurrection Ridge
- Easting
- 667217
- Northing
- 4417168
- Elevation
- 2241 m
- Azimuth
- 90 °
- Dip
- -80 °
- Loc. Confidence
- high
- 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
Metal Equivalent
- Metal Eq. Grade
- 1.23
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Solid intercept expanding the resource inside the existing pit-shell.
Positive factors
- Expansion inside pit-shell
Evidence · table
“1.23”
Context: 27.4
Tags used in scoring
QA/QC Disclosedpositive
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LB26-004Limo Butte · goldGrade: 5Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- LB26-004
- Project
- Limo Butte
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 5
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 178.3 m
- To
- 181.4 m
- Intercept Depth
- 178.3 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LB26-004:178.3-181.4
- Mining Method
- open_pit
Location
- Location
- Resurrection Ridge
- Easting
- 667217
- Northing
- 4417168
- Elevation
- 2241 m
- Azimuth
- 90 °
- Dip
- -80 °
- Loc. Confidence
- high
- 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
Metal Equivalent
- Metal Eq. Grade
- 5
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Strong high-grade gold intercept within the pit-shell.
Positive factors
- High grade intercept
Evidence · table
“5.00”
Context: 3.0
Tags used in scoring
QA/QC Disclosedpositive
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LB26-005Limo Butte · goldGrade: 0.13Grade Unit: g/tIntercept: 36.6 mView all detailsHide details
Identity
- Hole ID
- LB26-005
- Project
- Limo Butte
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 0.13
- Grade Unit
- g/t
- Intercept
- 36.6 m
- From
- 83.8 m
- To
- 120.4 m
- Intercept Depth
- 83.8 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LB26-005:83.8-120.4
- Mining Method
- open_pit
Location
- Location
- Resurrection Ridge
- Easting
- 667217
- Northing
- 4417167
- Elevation
- 2241 m
- Azimuth
- 0 °
- Dip
- -90 °
- Loc. Confidence
- high
- 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
Metal Equivalent
- Metal Eq. Grade
- 0.13
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Low grade intercept.
Negative factors
- Low grade
Evidence · table
“0.13”
Context: 36.6
Tags used in scoring
QA/QC Disclosedpositive
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LB26-005Limo Butte · antimonyGrade: 0.09Grade Unit: %Intercept: 10.7 mView all detailsHide details
Identity
- Hole ID
- LB26-005
- Project
- Limo Butte
- Commodity
- antimony
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 0.09
- Grade Unit
- %
- Intercept
- 10.7 m
- From
- 109.7 m
- To
- 120.4 m
- Intercept Depth
- 109.7 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LB26-005:109.7-120.4
- Mining Method
- open_pit
Location
- Location
- Resurrection Ridge
- Easting
- 667217
- Northing
- 4417167
- Elevation
- 2241 m
- Azimuth
- 0 °
- Dip
- -90 °
- Loc. Confidence
- high
- 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: Trace antimony reported in sub-interval.
Evidence · table
“0.09%”
Context: 10.7
Tags used in scoring
QA/QC Disclosedpositive
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LB26-006Limo Butte · goldGrade: 0.18Grade Unit: g/tIntercept: 30.5 mView all detailsHide details
Identity
- Hole ID
- LB26-006
- Project
- Limo Butte
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 0.18
- Grade Unit
- g/t
- Intercept
- 30.5 m
- From
- 68.6 m
- To
- 99.1 m
- Intercept Depth
- 68.6 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LB26-006:68.6-99.1
- Mining Method
- open_pit
Location
- Location
- Resurrection Ridge
- Easting
- 667217
- Northing
- 4417168
- Elevation
- 2241 m
- Azimuth
- 35 °
- Dip
- -70 °
- Loc. Confidence
- high
- 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
Metal Equivalent
- Metal Eq. Grade
- 0.47
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Low grade intercept.
Evidence · table
“0.18”
Context: 30.5
Tags used in scoring
QA/QC Disclosedpositive
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LB26-006Limo Butte · antimonyGrade: 0.14Grade Unit: %Intercept: 6.1 mView all detailsHide details
Identity
- Hole ID
- LB26-006
- Project
- Limo Butte
- Commodity
- antimony
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 0.14
- Grade Unit
- %
- Intercept
- 6.1 m
- From
- 74.7 m
- To
- 80.8 m
- Intercept Depth
- 74.7 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LB26-006:74.7-80.8
- Mining Method
- open_pit
Location
- Location
- Resurrection Ridge
- Easting
- 667217
- Northing
- 4417168
- Elevation
- 2241 m
- Azimuth
- 35 °
- Dip
- -70 °
- Loc. Confidence
- high
- 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: Sub-interval with antimony mineralization.
Evidence · table
“0.14%”
Context: 6.1
Tags used in scoring
QA/QC Disclosedpositive
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LB26-007 UpperLimo Butte · antimonyGrade: 0.2Grade Unit: %Intercept: 16.8 mView all detailsHide details
Identity
- Hole ID
- LB26-007 Upper
- Project
- Limo Butte
- Commodity
- antimony
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 0.2
- Grade Unit
- %
- Intercept
- 16.8 m
- From
- 29 m
- To
- 45.7 m
- Intercept Depth
- 29 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LB26-007 Upper:29-45.7
- Mining Method
- open_pit
Location
- Location
- Resurrection Ridge
- Easting
- 667173
- Northing
- 4417250
- Elevation
- 2189 m
- Azimuth
- 120 °
- Dip
- -60 °
- Loc. Confidence
- high
- 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
Metal Equivalent
- Metal Eq. Grade
- 0.79
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Infill drilling confirming antimony mineralization.
Evidence · table
“0.20%”
Context: 16.8
Tags used in scoring
QA/QC Disclosedpositive
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LB26-007 LowerLimo Butte · goldGrade: 1.06Grade Unit: g/tIntercept: 42.7 mView all detailsHide details
Identity
- Hole ID
- LB26-007 Lower
- Project
- Limo Butte
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 1.06
- Grade Unit
- g/t
- Intercept
- 42.7 m
- From
- 242.3 m
- To
- 285 m
- Intercept Depth
- 242.3 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LB26-007 Lower:242.3-285
- Mining Method
- open_pit
Location
- Location
- Resurrection Ridge
- Easting
- 667173
- Northing
- 4417250
- Elevation
- 2189 m
- Azimuth
- 120 °
- Dip
- -60 °
- Loc. Confidence
- high
- 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
Metal Equivalent
- Metal Eq. Grade
- 1.06
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Significant expansion of mineralization outside the 2026 MRE pit-shell with a thick, high-grade intercept.
Positive factors
- Expansion outside pit-shell
- Thick intercept
Evidence · table
“1.06”
Context: 42.7
Tags used in scoring
QA/QC Disclosedpositive
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LB26-007 LowerLimo Butte · goldGrade: 1.89Grade Unit: g/tIntercept: 18.3 mView all detailsHide details
Identity
- Hole ID
- LB26-007 Lower
- Project
- Limo Butte
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 1.89
- Grade Unit
- g/t
- Intercept
- 18.3 m
- From
- 263.7 m
- To
- 281.9 m
- Intercept Depth
- 263.7 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LB26-007 Lower:263.7-281.9
- Mining Method
- open_pit
Location
- Location
- Resurrection Ridge
- Easting
- 667173
- Northing
- 4417250
- Elevation
- 2189 m
- Azimuth
- 120 °
- Dip
- -60 °
- Loc. Confidence
- high
- 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
Metal Equivalent
- Metal Eq. Grade
- 1.89
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Strong high-grade sub-interval within the expansion hole.
Positive factors
- High-grade sub-interval
Evidence · table
“1.89”
Context: 18.3
Tags used in scoring
QA/QC Disclosedpositive
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
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.