# NevGold Turns a Year of Drilling Into a U.S. Antimony Resource Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6 Original source: https://money.tmx.com/en/quote/NAU/news/7918803246379615/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource Publisher: tmx Original announcement: 2026-08-10T13:07:00.000Z 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: Antimony - Secondary commodities: Gold - Document categories: Drill results, Resource update, Metallurgy - Extracted: 2026-09-12 14:26:56 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary NevGold Corp. has announced a maiden Mineral Resource Estimate for the Limousine Butte Project in Nevada, defining a significant antimony and gold resource. The resource includes 29,600 tonnes of antimony in Measured and Indicated categories at 0.26% Sb, alongside substantial gold ounces. The company is pursuing two development paths: a low-CAPEX jumpstart scenario using existing leach pad material and a larger-scale commercial mining operation. Reasoning: The company has successfully converted a year of drilling into a maiden antimony-gold resource with high-grade surface oxide mineralization and strong metallurgical recoveries. - Positive factor: Maiden resource established - Positive factor: High-grade surface antimony - Positive factor: Strong gold recoveries - Positive factor: Well-capitalized position - Negative factor: No mine scheduling studies completed - Negative factor: Resource is not a reserve - Negative factor: Permitting and pricing risks Facts used in scoring: 16 ## Classification and evidence **Maiden Resource** Polarity: neutral 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 published its maiden gold and antimony Mineral Resource Estimate for Limo Butte on July 15. Evidence · text > All of it converged on July 15, when NevGold published the maiden gold and antimony Mineral Resource Estimate for Limo Butte. **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 technical information and assumptions are set out in the July 15 news release and technical disclosure. Evidence · text > The scientific and technical information, including the identity and independence status of the Qualified Person and the assumptions and parameters underlying the Mineral Resource Estimate, is set out in the company's July 15, 2026 news release **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("concentrate"\) **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: 16. Some facts used in scoring do not have a stored record. ## Drill Results (10) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-drill-facts-0) Bullet Zone and Armory Fault discoveries and other · antimony Needs review: drill\_no\_hole\_id #### Identity - Project: Bullet Zone and Armory Fault discoveries and other - 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: unknown:0-7.7 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: 2.64% Sb is an exceptional grade for antimony. - Positive factor: High grade intercept Evidence · text > 11.42 grams per tonne gold equivalent over 7.7 meters, made up of 2.64% antimony and 1.17 grams per tonne gold #### 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 ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-drill-facts-1) Bullet Zone and Armory Fault discoveries and other · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Bullet Zone and Armory Fault discoveries and other - 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: unknown:0-7.7 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Solid gold grade accompanying high-grade antimony. Evidence · text > 11.42 grams per tonne gold equivalent over 7.7 meters, made up of 2.64% antimony and 1.17 grams per tonne gold #### 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 ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-drill-facts-2) Bullet Zone and Armory Fault discoveries and other · antimony Needs review: drill\_no\_hole\_id #### Identity - Project: Bullet Zone and Armory Fault discoveries and other - Commodity: antimony - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NAU #### Geometry - Grade: 1.09 - Grade Unit: % - Intercept: 27.4 m #### Classification - Sample Type: drill - Group ID: unknown:0-27.4 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Strong grade over a substantial width. - Positive factor: Significant width Evidence · text > 27.4 meter interval grading 4.91 grams per tonne gold equivalent at 1.09% antimony and 0.67 grams per tonne gold #### 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 ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-drill-facts-3) Bullet Zone and Armory Fault discoveries and other · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Bullet Zone and Armory Fault discoveries and other - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NAU #### Geometry - Grade: 0.67 - Grade Unit: g/t - Intercept: 27.4 m #### Classification - Sample Type: drill - Group ID: unknown:0-27.4 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Moderate gold grade over a wide interval. Evidence · text > 27.4 meter interval grading 4.91 grams per tonne gold equivalent at 1.09% antimony and 0.67 grams per tonne gold #### 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 ### Fact 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-drill-facts-4) Bullet Zone and Armory Fault discoveries and other · antimony Needs review: drill\_no\_hole\_id #### Identity - Project: Bullet Zone and Armory Fault discoveries and other - 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 - Group ID: unknown:0-6.1 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Strong antimony grade. Evidence · text > 1.11% antimony over 6.1 meters within a much longer 100.6 meter run grading 1.93 grams per tonne gold equivalent, at 1.07 grams per tonne 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 ### Fact 6 [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-drill-facts-5) Bullet Zone and Armory Fault discoveries and other · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Bullet Zone and Armory Fault discoveries and other - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NAU #### Geometry - Grade: 1.07 - Grade Unit: g/t - Intercept: 6.1 m #### Classification - Sample Type: drill - Group ID: unknown:0-6.1 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Solid gold grade. Evidence · text > 1.11% antimony over 6.1 meters within a much longer 100.6 meter run grading 1.93 grams per tonne gold equivalent, at 1.07 grams per tonne 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 ### Fact 7 [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-drill-facts-6) Bullet Zone and Armory Fault discoveries and other · antimony Needs review: drill\_no\_hole\_id #### Identity - Project: Bullet Zone and Armory Fault discoveries and other - Commodity: antimony - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NAU #### Geometry - Grade: 0.34 - Grade Unit: % - Intercept: 12.5 m #### Classification - Sample Type: drill - Group ID: unknown:0-12.5 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Lower grade intercept from historical leach pads. Evidence · text > 0.34% antimony and 0.41 grams per tonne gold over 12.5 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 ### Fact 8 [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-drill-facts-7) Bullet Zone and Armory Fault discoveries and other · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Bullet Zone and Armory Fault discoveries and other - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NAU #### Geometry - Grade: 0.41 - Grade Unit: g/t - Intercept: 12.5 m #### Classification - Sample Type: drill - Group ID: unknown:0-12.5 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Low grade gold intercept. Evidence · text > 0.34% antimony and 0.41 grams per tonne gold over 12.5 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 ### Fact 9 [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-drill-facts-8) Bullet Zone and Armory Fault discoveries and other · antimony Needs review: drill\_no\_hole\_id #### Identity - Project: Bullet Zone and Armory Fault discoveries and other - Commodity: antimony - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NAU #### Geometry - Grade: 0.32 - Grade Unit: % - Intercept: 14.9 m #### Classification - Sample Type: drill - Group ID: unknown:0-14.9 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Consistent low-grade mineralization on historic leach pad. Evidence · text > 0.32% antimony and 0.39 grams per tonne gold over 14.9 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 ### Fact 10 [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-drill-facts-9) Bullet Zone and Armory Fault discoveries and other · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Bullet Zone and Armory Fault discoveries and other - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: NAU #### Geometry - Grade: 0.39 - Grade Unit: g/t - Intercept: 14.9 m #### Classification - Sample Type: drill - Group ID: unknown:0-14.9 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Low grade gold intercept. Evidence · text > 0.32% antimony and 0.39 grams per tonne gold over 14.9 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 ## Resource Estimates (5) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-resource-facts-10) antimony #### Identity - Commodity: antimony - Region: usa\_nv - Reported Region: Nevada - Ticker: NAU #### Resource scope - Reporting standards: ni\_43\_101 - Mining method: underground #### Resource Data - Grade: 53.7 - Grade Unit: % #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Extremely high grade surface grab samples, though not representative of the whole deposit. - Positive factor: Exceptional surface grades - Negative factor: Selective sampling Evidence · text > Grab and grid sampling there returned values up to 53.7% antimony #### Tags used in scoring **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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-resource-facts-12) Limousine Butte · antimony #### Identity - Project: Limousine Butte - Commodity: antimony - Region: usa\_nv - Reported Region: Nevada - Ticker: NAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:92b2aee72489871a2fdb - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 29600 - Grade: 0.26 - Grade Unit: % - Contained Metal: 29600 - Contained Unit: t #### Prior Estimate - Resource Date: 2026-07-15 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Initial resource definition for antimony. - Positive factor: Maiden resource Evidence · text > 29,600 tonnes of antimony in the Measured and Indicated categories at 0.26% antimony #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-resource-facts-13) Limousine Butte · antimony #### Identity - Project: Limousine Butte - Commodity: antimony - Region: usa\_nv - Reported Region: Nevada - Ticker: NAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:6b6423e9beba0a9d0015 - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 48100 - Grade: 0.18 - Grade Unit: % #### Prior Estimate - Resource Date: 2026-07-15 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Speculative portion of the maiden resource. - Negative factor: Inferred category Evidence · text > 48,100 tonnes Inferred at 0.18% antimony #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-resource-facts-14) Limousine Butte · gold #### Identity - Project: Limousine Butte - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: NAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:9afa74fd2d26be586fb1 - Mining method: underground #### Resource Data - Category: indicated - Contained Metal: 181400 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-07-15 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Significant gold resource component. - Positive factor: Maiden resource Evidence · text > 181,400 ounces Measured and Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-resource-facts-15) Limousine Butte · gold #### Identity - Project: Limousine Butte - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: NAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:00eda8a68a06489e3449 - Mining method: underground #### Resource Data - Category: inferred - Contained Metal: 1203500 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-07-15 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: Large gold resource, but mostly in the speculative inferred category. - Negative factor: Inferred category Evidence · text > 1,203,500 ounces Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ## Metallurgical Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/nevgold-turns-a-year-of-drilling-into-a-u-s-antimony-resource--57a62e69-6ce6-46f7-89be-fd7460390be6#fact-metallurgical-facts-11) gold #### Identity - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: NAU #### Test Work - Sample: oxide antimony and gold material #### Recovery - Recovery: 99 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-10T00:00:00.000Z Reasoning: 99% gold recovery is exceptional for oxide material. - Positive factor: Exceptional recovery Evidence · text > Phase II testwork announced in April returned gold recoveries of up to 99% on oxide antimony and gold material #### Tags used in scoring **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 99% is at or above the exceptional band \(95%\) ## 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.