First Three Holes of a 20,000-Meter Program Just Pushed a U.S. Antimony-Gold Resource Beyond Its Own Boundaries
Original announcement by tmx on
- Company
- NevGold Corp.
- Ticker
- NAU
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Antimony
- Secondary commodities
- Gold
- Document categories
- Drill results, Other
- Extracted
- 2026-09-12 14:22:30 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
NevGold Corp. reported high-grade antimony-gold drill results from the first three holes of its 20,000-meter program at the Limousine Butte project in Nevada. The intercepts extended mineralization more than 100 meters beyond the current resource boundary and included near-surface intercepts.
Reasoning: The first three holes of a 20,000m program intercepted mineralization >100m outside the current resource boundary with grades higher than the existing MRE, representing significant step-out success.
Positive factors
- Step-Out Extension
- Resource expansion outside current boundary
- High-grade intercepts relative to existing MRE
- Near-surface mineralization
Negative factors
- Apparent width only (true width not explicitly stated for all intercepts)
Facts used in scoring: 10
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Intercepted mineralization more than 100 meters outside the current resource boundary.
Evidence · text
“intercepted mineralization more than 100 meters outside the current resource boundary”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions technical content was reviewed by a Qualified Person under NI 43-101.
Evidence · text
“The technical content of the underlying release was reviewed by the company's Qualified Person under National Instrument 43-101.”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Reported thicknesses are downhole widths with true widths estimated at 70-90%.
Evidence · text
“reported thicknesses are downhole widths, with true widths estimated at roughly 70% to 90% of those figures.”
Extracted facts
Stored fact records: 10. Some facts used in scoring do not have a stored record.
Drill Results (10)
LB26-003Limousine Butte · antimonyGrade: 1.16Grade Unit: %Intercept: 3 mView all detailsHide details
Identity
- Hole ID
- LB26-003
- Project
- Limousine Butte
- Commodity
- antimony
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 1.16
- Grade Unit
- %
- Intercept
- 3 m
- From
- 0 m
- To
- 3 m
- Intercept Depth
- 0 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- LB26-003:0-3
- Mining Method
- open_pit
Location
- Location
- Bullet Zone and Armory Fault area
- Loc. Source
- document
Metal Equivalent
- Metal Eq. Grade
- 1.38
- Metal Eq. Unit
- g/t gold-equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: High-grade antimony intercept (1.16%) that extends the resource boundary by over 100m.
Positive factors
- Bonanza Intercept
- Step-Out Extension
Evidence · text
“Hole LB26-003 returned 1.16% antimony over 3.0 meters within a broader 1.38 g/t gold-equivalent interval over 50.3 meters”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LB26-003Limousine Butte · goldGrade: 0.19Grade Unit: g/tIntercept: 50.3 mView all detailsHide details
Identity
- Hole ID
- LB26-003
- Project
- Limousine Butte
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 0.19
- Grade Unit
- g/t
- Intercept
- 50.3 m
- From
- 0 m
- To
- 50.3 m
- Intercept Depth
- 0 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- LB26-003:0-50.3
- Mining Method
- open_pit
Location
- Location
- Bullet Zone and Armory Fault area
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Broad gold-equivalent interval associated with the antimony intercept, extending the resource footprint.
Positive factors
- Step-Out Extension
Evidence · text
“0.19 g/t gold) starting from surface”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LB26-003Limousine Butte · antimonyGrade: 0.31Grade Unit: %Intercept: 50.3 mView all detailsHide details
Identity
- Hole ID
- LB26-003
- Project
- Limousine Butte
- Commodity
- antimony
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 0.31
- Grade Unit
- %
- Intercept
- 50.3 m
- From
- 0 m
- To
- 50.3 m
- Intercept Depth
- 0 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- LB26-003:0-50.3
- Mining Method
- open_pit
Location
- Location
- Bullet Zone and Armory Fault area
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Part of the broad 50.3m interval extending the resource boundary.
Positive factors
- Step-Out Extension
Evidence · text
“0.31% antimony”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LB26-003Limousine Butte · goldGrade: 1.31Grade Unit: g/tIntercept: 13.7 mView all detailsHide details
Identity
- Hole ID
- LB26-003
- Project
- Limousine Butte
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 1.31
- Grade Unit
- g/t
- Intercept
- 13.7 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- open_pit
Location
- Location
- Bullet Zone and Armory Fault area
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: A separate lower zone of gold-equivalent mineralization reported in the same hole.
Evidence · text
“returned a separate lower zone of 1.31 g/t gold-equivalent over 13.7 meters”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LB26-002Limousine Butte · goldGrade: 3.94Grade Unit: g/tIntercept: 6.1 mView all detailsHide details
Identity
- Hole ID
- LB26-002
- Project
- Limousine Butte
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 3.94
- Grade Unit
- g/t
- Intercept
- 6.1 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- open_pit
Location
- Location
- Bullet Zone and Armory Fault area
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: High-grade gold-equivalent lower zone intercept.
Evidence · text
“LB26-002 returned a lower zone of 3.94 g/t gold-equivalent over 6.1 meters”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LB26-002Limousine Butte · antimonyGrade: 0.95Grade Unit: %Intercept: 6.1 mView all detailsHide details
Identity
- Hole ID
- LB26-002
- Project
- Limousine Butte
- Commodity
- antimony
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 0.95
- Grade Unit
- %
- Intercept
- 6.1 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- LB26-002:lower_zone
- Mining Method
- open_pit
Location
- Location
- Bullet Zone and Armory Fault area
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Antimony component of the 6.1m gold-equivalent intercept.
Evidence · text
“0.95% antimony”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LB26-002Limousine Butte · goldGrade: 0.25Grade Unit: g/tIntercept: 6.1 mView all detailsHide details
Identity
- Hole ID
- LB26-002
- Project
- Limousine Butte
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 0.25
- Grade Unit
- g/t
- Intercept
- 6.1 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- LB26-002:lower_zone
- Mining Method
- open_pit
Location
- Location
- Bullet Zone and Armory Fault area
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Gold component of the 6.1m gold-equivalent intercept.
Evidence · text
“0.25 g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LB26-002Limousine Butte · goldGrade: 1.04Grade Unit: g/tIntercept: 65.5 mView all detailsHide details
Identity
- Hole ID
- LB26-002
- Project
- Limousine Butte
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 1.04
- Grade Unit
- g/t
- Intercept
- 65.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- open_pit
Location
- Location
- Bullet Zone and Armory Fault area
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Broader gold-equivalent interval in LB26-002.
Evidence · text
“within a broader 1.04 g/t gold-equivalent interval over 65.5 meters”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LB26-001Limousine Butte · goldGrade: 3.3Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- LB26-001
- Project
- Limousine Butte
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 3.3
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- open_pit
Location
- Location
- Bullet Zone and Armory Fault area
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: High-grade gold-equivalent lower zone intercept.
Evidence · text
“LB26-001 returned a lower zone of 3.30 g/t gold-equivalent over 3.0 meters”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LB26-001Limousine Butte · goldGrade: 2.39Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- LB26-001
- Project
- Limousine Butte
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 2.39
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- LB26-001:lower_zone
- Mining Method
- open_pit
Location
- Location
- Bullet Zone and Armory Fault area
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Strong gold hit driving the gold-equivalent grade.
Evidence · text
“driven by a strong 2.39 g/t gold hit”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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.