# The Critical Mineral Hiding in Plain Sight on a Past-Producing Nevada Gold Mine

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/the-critical-mineral-hiding-in-plain-sight-on-a-past-producing-nevada-gold-mine--c11a3e51-4fbb-4e66-8ae6-96f6cc872006

Original source: https://money.tmx.com/en/quote/FDR/news/5277774529924461/the-critical-mineral-hiding-in-plain-sight-on-a-past-producing-nevada-gold-mine

Publisher: tmx

Original announcement: 2026-04-29T13:20:00.000Z

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

- Extracted: 2026-08-24 05:57:35 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

NevGold Corp. reports high-grade antimony-gold drill intercepts at its Limousine Butte project in Nevada, including a 7.7m intercept of 11.42 g/t AuEq. Metallurgical testwork also confirms high gold recoveries \(>93%\) following antimony leaching, supporting a sequential processing flowsheet.

Reasoning: The document reports significant high-grade gold-equivalent intercepts and validates a sequential leaching metallurgical flowsheet for a strategic critical mineral \(antimony\) in a permitting-friendly jurisdiction.

- Positive factor: high-grade antimony-gold intercepts

- Positive factor: excellent gold recoveries after antimony leaching

- Positive factor: near-surface oxide deposit

- Positive factor: strategic critical mineral \(antimony\) focus

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 metallurgical testwork results and specific testing methods \(cyanide shake leach\).

Evidence · text

> cyanide shake leach tests on the residual tailings

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Gold recoveries reported at >93% for cyanide leach.

Evidence · text

> average gold recoveries greater than 93%

## 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/the-critical-mineral-hiding-in-plain-sight-on-a-past-producing-nevada-gold-mine--c11a3e51-4fbb-4e66-8ae6-96f6cc872006#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: 2026-04-29T00:00:00.000Z

Reasoning: 1.17 g/t gold is a solid component of a high-grade AuEq intercept.

- Positive factor: high grade

Evidence · text

> Hole LB25-024 at the Resurrection Ridge target hit 11.42 g/t gold-equivalent over 7.7 meters \(2.64% antimony and 1.17 g/t gold\)

### LB25-024

[Link to this fact](https://atlas-staging.minestarters.com/news/the-critical-mineral-hiding-in-plain-sight-on-a-past-producing-nevada-gold-mine--c11a3e51-4fbb-4e66-8ae6-96f6cc872006#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: 2026-04-29T00:00:00.000Z

Reasoning: 2.64% antimony is a high-grade intercept for this commodity.

- Positive factor: high grade antimony

Evidence · text

> 2.64% antimony

### LB25-024

[Link to this fact](https://atlas-staging.minestarters.com/news/the-critical-mineral-hiding-in-plain-sight-on-a-past-producing-nevada-gold-mine--c11a3e51-4fbb-4e66-8ae6-96f6cc872006#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: 2026-04-29T00:00:00.000Z

Reasoning: 0.67 g/t gold over 27.4m provides significant tonnage/width.

- Positive factor: significant width

Evidence · text

> 4.91 g/t AuEq over 27.4 meters \(1.09% antimony and 0.67 g/t gold\)

### LB25-024

[Link to this fact](https://atlas-staging.minestarters.com/news/the-critical-mineral-hiding-in-plain-sight-on-a-past-producing-nevada-gold-mine--c11a3e51-4fbb-4e66-8ae6-96f6cc872006#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: 2026-04-29T00:00:00.000Z

Reasoning: 1.09% antimony over 27.4m is a substantial intercept.

- Positive factor: significant width

Evidence · text

> 1.09% antimony

### LB22-025

[Link to this fact](https://atlas-staging.minestarters.com/news/the-critical-mineral-hiding-in-plain-sight-on-a-past-producing-nevada-gold-mine--c11a3e51-4fbb-4e66-8ae6-96f6cc872006#fact-drill-facts-4)

Limousine Butte · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: LB22-025
- Project: Limousine Butte
- Commodity: gold
- Ticker: NAU

#### Geometry

- Grade: 1.75
- Grade Unit: g/t
- Intercept: 73.2 m

#### Classification

- Sample Type: drill
- Group ID: LB22-025:0-73.2

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: 1.75 g/t AuEq over 73.2m is a large, continuous intercept.

- Positive factor: significant width

Evidence · text

> LB22-025 returned 5.36 g/t AuEq over 9.1 meters \(1.30% antimony\) within 1.75 g/t AuEq over 73.2 meters

### LB22-025

[Link to this fact](https://atlas-staging.minestarters.com/news/the-critical-mineral-hiding-in-plain-sight-on-a-past-producing-nevada-gold-mine--c11a3e51-4fbb-4e66-8ae6-96f6cc872006#fact-drill-facts-5)

Limousine Butte · antimony

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: LB22-025
- Project: Limousine Butte
- Commodity: antimony
- Ticker: NAU

#### Geometry

- Grade: 1.3
- Grade Unit: %
- Intercept: 9.1 m

#### Classification

- Sample Type: drill
- Group ID: LB22-025:0-9.1

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: 1.3% antimony is a strong grade for this intercept.

- Positive factor: high grade

Evidence · text

> 5.36 g/t AuEq over 9.1 meters \(1.30% antimony\)

### LB21-001

[Link to this fact](https://atlas-staging.minestarters.com/news/the-critical-mineral-hiding-in-plain-sight-on-a-past-producing-nevada-gold-mine--c11a3e51-4fbb-4e66-8ae6-96f6cc872006#fact-drill-facts-6)

Limousine Butte · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: LB21-001
- Project: Limousine Butte
- Commodity: gold
- Ticker: NAU

#### Geometry

- Grade: 1.41
- Grade Unit: g/t
- Intercept: 46.8 m

#### Classification

- Sample Type: drill
- Group ID: LB21-001:0-46.8

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2021-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: 1.41 g/t gold over 46.8m is a significant intercept.

- Positive factor: significant width

Evidence · text

> LB21-001 delivered 2.28 g/t AuEq over 46.8 meters at 0.22% antimony and 1.41 g/t gold

### LB21-001

[Link to this fact](https://atlas-staging.minestarters.com/news/the-critical-mineral-hiding-in-plain-sight-on-a-past-producing-nevada-gold-mine--c11a3e51-4fbb-4e66-8ae6-96f6cc872006#fact-drill-facts-7)

Limousine Butte · antimony

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: LB21-001
- Project: Limousine Butte
- Commodity: antimony
- Ticker: NAU

#### Geometry

- Grade: 0.22
- Grade Unit: %
- Intercept: 46.8 m

#### Classification

- Sample Type: drill
- Group ID: LB21-001:0-46.8

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2021-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: 0.22% antimony is relatively low grade.

Evidence · text

> 0.22% antimony

### Fact 9

[Link to this fact](https://atlas-staging.minestarters.com/news/the-critical-mineral-hiding-in-plain-sight-on-a-past-producing-nevada-gold-mine--c11a3e51-4fbb-4e66-8ae6-96f6cc872006#fact-drill-facts-8)

gold

#### Identity

- Commodity: gold
- Ticker: NAU

#### Review

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

#### Dates

- Event date: 2026-04-29T00:00:00.000Z

Reasoning: Average gold recoveries >93% from cyanide shake leach on residual tailings is excellent.

- Positive factor: High Recovery

Evidence · text

> average gold recoveries greater than 93% — with individual samples reaching up to 99% — from cyanide shake leach tests on the residual tailings left over after antimony leaching

## 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.