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 12:37:23 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
NevGold Corp. has reported significant drill results from its Limo Butte Project in Nevada, expanding oxide gold and antimony mineralization both inside and outside the 2026 MRE pit-shell. Notable intercepts include 5.00 g/t Au over 3.0 m inside the shell and 1.06 g/t Au over 42.7 m outside the shell. The company remains well-funded with $45 million in treasury to continue its 20,000m drill program.
Reasoning: The drill results demonstrate successful resource expansion and conversion, hitting high-grade gold and antimony targets both within and beyond the existing pit-shell boundaries.
Positive factors
- Significant expansion of mineralization both inside and outside the 2026 MRE pit-shell
- High-grade intercepts (5.00 g/t Au) reported inside the pit-shell
- Thick intercepts (42.7 m) reported outside the pit-shell
- Presence of antimony mineralization providing operational flexibility
- Strong liquidity with $45 million in treasury
Facts used in scoring: 9
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Mineralization was expanded outside of the 2026 MRE pit-shell.
Evidence · text
“significantly expanded oxide gold mineralization both inside and outside of the 2026 Mineral Resource Estimate (“MRE”) pit-shell”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: LB26-007 Upper is explicitly identified as infill.
Evidence · text
“LB26-007 Upper (infill)”
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 and multi-elemental analysis ICP-OES method was completed by ISO 17025 certified American Assay Labs”
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
Why it applies: AuEq is reported based on assumed prices and recoveries, but the specific formula/calculation is not fully detailed in the prose, though assumptions are provided in a footnote.
Evidence · text
“The gold equivalents (“AuEq”) are based on assumed metals prices of US$3,000/oz of gold and US$40,000 per tonne of antimony, and assumed metals recoveries of 80% for gold and 75% for antimony.”
Extracted facts
Stored fact records: 9. Some facts used in scoring do not have a stored record.
Drill Results (9)
LB26-004Limousine Butte · goldGrade: 1.23Grade Unit: g/tIntercept: 27.4 mView all detailsHide details
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
- 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
- RR
- 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
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Standard resource expansion intercept.
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"
LB26-004Limousine Butte · goldGrade: 5Grade Unit: g/tIntercept: 3 mView all detailsHide details
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
- 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
- RR
- 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
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Strong high-grade intercept within the existing pit-shell.
Positive factors
- High grade intercept inside pit-shell
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"
LB26-005Limousine Butte · goldGrade: 0.13Grade Unit: g/tIntercept: 36.6 mView all detailsHide details
Identity
- Hole ID
- LB26-005
- Project
- Limousine 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
- RR
- 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: 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"
LB26-005Limousine Butte · antimonyGrade: 0.2Grade Unit: %Intercept: 10.7 mView all detailsHide details
Identity
- Hole ID
- LB26-005
- Project
- Limousine Butte
- Commodity
- antimony
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 0.2
- 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
- RR
- 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: Confirms presence of antimony within the gold zone.
Positive factors
- Antimony mineralization confirmed
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"
LB26-006Limousine Butte · goldGrade: 0.18Grade Unit: g/tIntercept: 30.5 mView all detailsHide details
Identity
- Hole ID
- LB26-006
- Project
- Limousine 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
- RR
- 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: Low grade intercept.
Negative factors
- Low grade
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"
LB26-006Limousine Butte · antimonyGrade: 0.08Grade Unit: %Intercept: 30.5 mView all detailsHide details
Identity
- Hole ID
- LB26-006
- Project
- Limousine Butte
- Commodity
- antimony
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NAU
Geometry
- Grade
- 0.08
- Grade Unit
- %
- 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
- RR
- 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: Trace antimony.
Evidence · table
“0.08%”
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"
LB26-007 UpperLimousine Butte · antimonyGrade: 0.2Grade Unit: %Intercept: 16.8 mView all detailsHide details
Identity
- Hole ID
- LB26-007 Upper
- Project
- Limousine 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
- RR
- 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
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Infill antimony intercept.
Positive factors
- Antimony intercept
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 LowerLimousine Butte · goldGrade: 1.06Grade Unit: g/tIntercept: 42.7 mView all detailsHide details
Identity
- Hole ID
- LB26-007 Lower
- 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
- 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
- RR
- 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
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Significant expansion intercept outside the 2026 MRE pit-shell.
Positive factors
- Thick high-grade intercept outside pit-shell
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 LowerLimousine Butte · goldGrade: 1.89Grade Unit: g/tIntercept: 18.3 mView all detailsHide details
Identity
- Hole ID
- LB26-007 Lower
- 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
- 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
- RR
- 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
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Stronger grade component within the 42.7m intercept.
Positive factors
- High grade within larger intercept
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.