# A Nevada Antimony-Gold Project, A Maiden Mineral Resource Estimate Coming, And C$42M In The Treasury Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--4e3cd9f6-6b7d-492f-a831-9103a42adef9 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: 2026-09-12 14:53:05 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary NevGold Corp. has upsized its recent financing to C$42 million, providing significant runway for its Limousine Butte project in Nevada. The company reported high-grade antimony-gold drill intercepts and strong metallurgical gold recoveries \(>93%\) ahead of a maiden Mineral Resource Estimate expected in Q2 2026. Reasoning: The company has successfully stacked a capital raise, high-grade drill results, and positive metallurgical testwork within a single window, significantly de-risking the path to its upcoming maiden MRE. - Positive factor: Upsized financing provides strong liquidity - Positive factor: High-grade antimony-gold drill intercepts - Positive factor: Strong metallurgical gold recoveries - Positive factor: Near-term maiden MRE catalyst Facts used in scoring: 7 ## 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 release mentions a Qualified Person \(Greg French, CPG\) and refers to drill results and metallurgical testwork. 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. No prior estimate exists, so every change band is not applicable. Why it applies: The company is preparing its first formal Mineral Resource Estimate for Limousine Butte. Evidence · text > heading into its Q2 2026 maiden antimony-gold Mineral Resource Estimate at Limousine Butte **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: Metallurgical results involve cyanide shake tests and acid leaching. Evidence · text > Cyanide shake tests on residual leach pad material **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 \("heap leach"\) **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### LB25-024 [Link to this fact](https://atlas-extractions.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--4e3cd9f6-6b7d-492f-a831-9103a42adef9#fact-drill-facts-0) Limousine Butte · gold #### Identity - Hole ID: LB25-024 - Project: Limousine Butte - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NAU #### Geometry - Grade: 1.17 - Grade Unit: g/t - Intercept: 7.7 m #### Classification - Sample Type: drill - Group ID: LB25-024:unknown - Mining Method: unknown #### Location - Location: Bullet Zone - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-13T00:00:00.000Z Reasoning: Strong gold grade within a polymetallic intercept. - Positive factor: High grade intercept Evidence · text > 11.42 g/t AuEq over 7.7 meters \(2.64% Sb + 1.17 g/t Au\) #### 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 ### LB25-024 [Link to this fact](https://atlas-extractions.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--4e3cd9f6-6b7d-492f-a831-9103a42adef9#fact-drill-facts-1) Limousine Butte · antimony #### Identity - Hole ID: LB25-024 - Project: Limousine Butte - Commodity: antimony - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NAU #### Geometry - Grade: 2.64 - Grade Unit: % - Intercept: 7.7 m #### Classification - Sample Type: drill - Group ID: LB25-024:unknown - Mining Method: unknown #### Location - Location: Bullet Zone - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-13T00:00:00.000Z Reasoning: Significant antimony grade reported in the same interval. - Positive factor: High grade antimony Evidence · text > 11.42 g/t AuEq over 7.7 meters \(2.64% Sb + 1.17 g/t Au\) #### 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 ### unknown [Link to this fact](https://atlas-extractions.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--4e3cd9f6-6b7d-492f-a831-9103a42adef9#fact-drill-facts-2) Limousine Butte · gold Needs review: ungrounded #### Identity - Hole ID: unknown - 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 - Sample Type: drill - Group ID: unknown:0-100.6 - Mining Method: unknown #### Location - Location: Resurrection Ridge - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: ungrounded - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-13T00:00:00.000Z Reasoning: Broad, continuous gold mineralization from surface. - Positive factor: Large width 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 #### 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 ### unknown [Link to this fact](https://atlas-extractions.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--4e3cd9f6-6b7d-492f-a831-9103a42adef9#fact-drill-facts-3) Limousine Butte · antimony Needs review: ungrounded #### Identity - Hole ID: unknown - 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 - Sample Type: drill - Group ID: unknown:0-100.6 - Mining Method: unknown #### Location - Location: Resurrection Ridge - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: ungrounded - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-13T00:00:00.000Z Reasoning: Antimony component of the gold equivalent intercept. - Positive factor: Presence of antimony in broad gold zone Evidence · text > 1.93 g/t gold equivalent over 100.6 meters from surface — comprising 1.07 g/t gold and 0.22% antimony #### 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 ### unknown [Link to this fact](https://atlas-extractions.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--4e3cd9f6-6b7d-492f-a831-9103a42adef9#fact-drill-facts-4) Limousine Butte · antimony Needs review: ungrounded #### Identity - Hole ID: unknown - 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 - Sample Type: drill - Mining Method: unknown #### Location - Location: Resurrection Ridge - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: ungrounded - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-13T00:00:00.000Z Reasoning: Stronger antimony grade within the broader envelope. - Positive factor: High grade sub-interval Evidence · text > incorporating a higher-grade interval of 1.11% antimony over 6.1 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-extractions.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--4e3cd9f6-6b7d-492f-a831-9103a42adef9#fact-metallurgical-facts-5) Limousine Butte · gold #### Identity - Project: Limousine Butte - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: NAU #### Test Work - Sample: Crushed leach pad, first 10 of 17 holes #### Recovery - Recovery: 93 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-13T00:00:00.000Z Reasoning: Excellent gold recovery from residual leach pad material. - Positive factor: High gold recovery Evidence · text > Cyanide shake tests on residual leach pad material... returned average gold recoveries above 93% ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/a-nevada-antimony-gold-project-a-maiden-mineral-resource-estimate-coming-and-c-4--4e3cd9f6-6b7d-492f-a831-9103a42adef9#fact-metallurgical-facts-6) Limousine Butte · antimony #### Identity - Project: Limousine Butte - Commodity: antimony - Region: usa\_nv - Reported Region: Nevada - Ticker: NAU #### Test Work - Sample: Crushed leach pad, first 10 of 17 holes #### Recovery - Recovery: 54 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-13T00:00:00.000Z Reasoning: Antimony extraction range is wide \(54-92%\). - Positive factor: Successful antimony extraction - Negative factor: Lower end of extraction 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.