# 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

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nevgold-intercepts-1-06-g-t-oxide-au-over-42-7-meters-outside-of-2026-mre-pit-sh--5e5afcd3-6f39-41c7-b9c4-0a75c1397a73

Original source: https://www.globenewswire.com/news-release/2026/09/17/3363884/0/en/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.html

Publisher: globenewswire

Original announcement: 2026-09-17T00:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas 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 factor: Significant expansion of mineralization both inside and outside the 2026 MRE pit-shell

- Positive factor: High-grade intercepts \(5.00 g/t Au\) reported inside the pit-shell

- Positive factor: Thick intercepts \(42.7 m\) reported outside the pit-shell

- Positive factor: Presence of antimony mineralization providing operational flexibility

- Positive factor: Strong liquidity with $45 million in treasury

Facts used in scoring: 9

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: 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 Drilling**

Polarity: neutral

Definition: 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 Disclosed**

Polarity: positive

Definition: 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 Opaque**

Polarity: negative

Definition: 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)

### LB26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-intercepts-1-06-g-t-oxide-au-over-42-7-meters-outside-of-2026-mre-pit-sh--5e5afcd3-6f39-41c7-b9c4-0a75c1397a73#fact-drill-facts-0)

Limousine Butte · gold

#### 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 factor: Expansion inside pit-shell

Evidence · table

> 1.23

Context: 27.4

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### LB26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-intercepts-1-06-g-t-oxide-au-over-42-7-meters-outside-of-2026-mre-pit-sh--5e5afcd3-6f39-41c7-b9c4-0a75c1397a73#fact-drill-facts-1)

Limousine Butte · gold

#### 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 factor: High grade intercept inside pit-shell

Evidence · table

> 5.00

Context: 3.0

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### LB26-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-intercepts-1-06-g-t-oxide-au-over-42-7-meters-outside-of-2026-mre-pit-sh--5e5afcd3-6f39-41c7-b9c4-0a75c1397a73#fact-drill-facts-2)

Limousine Butte · gold

#### 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 factor: Low grade

Evidence · table

> 0.13

Context: 36.6

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### LB26-005

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-intercepts-1-06-g-t-oxide-au-over-42-7-meters-outside-of-2026-mre-pit-sh--5e5afcd3-6f39-41c7-b9c4-0a75c1397a73#fact-drill-facts-3)

Limousine Butte · antimony

#### 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 factor: Antimony mineralization confirmed

Evidence · table

> 0.09%

Context: 10.7

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### LB26-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-intercepts-1-06-g-t-oxide-au-over-42-7-meters-outside-of-2026-mre-pit-sh--5e5afcd3-6f39-41c7-b9c4-0a75c1397a73#fact-drill-facts-4)

Limousine Butte · gold

#### 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 factor: Low grade

Evidence · table

> 0.18

Context: 30.5

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### LB26-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-intercepts-1-06-g-t-oxide-au-over-42-7-meters-outside-of-2026-mre-pit-sh--5e5afcd3-6f39-41c7-b9c4-0a75c1397a73#fact-drill-facts-5)

Limousine Butte · antimony

#### 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 Disclosed**

Polarity: positive

Definition: 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 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### LB26-007 Upper

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-intercepts-1-06-g-t-oxide-au-over-42-7-meters-outside-of-2026-mre-pit-sh--5e5afcd3-6f39-41c7-b9c4-0a75c1397a73#fact-drill-facts-6)

Limousine Butte · antimony

#### 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 factor: Antimony intercept

Evidence · table

> 0.20%

Context: 16.8

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### LB26-007 Lower

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-intercepts-1-06-g-t-oxide-au-over-42-7-meters-outside-of-2026-mre-pit-sh--5e5afcd3-6f39-41c7-b9c4-0a75c1397a73#fact-drill-facts-7)

Limousine Butte · gold

#### 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 factor: Thick high-grade intercept outside pit-shell

Evidence · table

> 1.06

Context: 42.7

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### LB26-007 Lower

[Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-intercepts-1-06-g-t-oxide-au-over-42-7-meters-outside-of-2026-mre-pit-sh--5e5afcd3-6f39-41c7-b9c4-0a75c1397a73#fact-drill-facts-8)

Limousine Butte · gold

#### 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 factor: High grade within larger intercept

Evidence · table

> 1.89

Context: 18.3

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Infill Drilling**

Polarity: neutral

Definition: 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.