Announcement • May 28
NevGold Corp. Reports Surface Grid and Grab Sampling Results from Historical Pre-Strip Dump at Antimony and Gold Limousine Butte Project in Nevada
NevGold completed surface grid and grab sampling results from the historical Pre-Strip Dump at the antimony and gold Limousine Butte Project in Nevada. The Pre-Strip Dump material was not processed during the 1989-1990 Golden Butte pit mining operation. The surface sampling program highlights the significant high-grade antimony potential at-surface in the Pre-Strip Dump. After the surface sampling, the Company completed a test-pit sampling program consistent with the methodology used on the historical gold leach pads. With pending results from the test-pit sampling program, the Pre-Strip Dump will potentially be incorporated into the upcoming antimony-gold Mineral Resource Estimate, which is nearing completion. High-grade antimony results up to 53.7% Sb, with six samples over 10% Sb, and fourteen samples over 2% Sb, highlighting the significant antimony potential at-surface in the Pre-Strip Dump. Sample results include: LRSUD-27: 53.71% Sb; LRSUD-31: 35.62% Sb, 0.20 g/t Au; LRSUD-28: 24.32% Sb; LRSUD-30: 16.68% Sb, 0.21 g/t Au; LRSUD-29: 16.27% Sb, 0.16 g/t Au; LRSUD-33: 11.89% Sb, 0.11 g/t Au; LRSUD-32: 7.60% Sb, 0.22 g/t Au; LRSUD-10: 5.19% Sb; LRSUD-18: 4.01% Sb, 0.48 g/t Au; LRSUD-09: 3.95% Sb; LRSUD-24: 3.87% Sb, 0.21 g/t Au; LRSUD-07: 3.48% Sb, 0.15 g/t Au; LRSUD-11: 2.44% Sb, 0.30 g/t Au; LRSUD-15: 2.17% Sb. It is estimated that material on the Pre-Strip Dump was from adjacent to the Nevada Antimony Mine and Lage Antimony Prospect, which mined high-grade antimony in the World War II era. Nevada Antimony Mine and Lage Antimony Prospect are key drill targets in 2026. After completing the surface grid and grab sampling program, the Company followed-up with a test-pit sampling program focused on potentially advancing the Pre-Strip Dump into the upcoming antimony-gold Mineral Resource Estimate. Test-pit sampling program results are pending. Maiden antimony-gold Mineral Resource Estimate on the historical gold leach pads, Pre-Strip Dump, and larger project area, including Resurrection Ridge and Cadillac Valley, is advancing and nearing completion. The Pre-Strip Dump is located immediately adjacent to the past-producing Golden Butte Pit, which was a gold-focused mining operation in 1989-1990. The initial surface sampling results from the Pre-Strip Dump highlight the high-grade antimony potential, which is further at-surface material in addition to the historical Crushed and Run-of-Mine gold leach pads. Table 1: Pre-Strip Dump Sample Results Sample ID % Sb g/t Au LRSUD-27 53.71% 0.05 LRSUD-31 35.62% 0.20 LRSUD-28 24.32% 0.07 LRSUD-30 16.68% 0.21 LRSUD-29 16.27% 0.16 LRSUD-33 11.89% 0.11 LRSUD-32 7.60% 0.22 LRSUD-10 5.19% 0.09 LRSUD-18 4.01% 0.48 LRSUD-09 3.95% 0.05 LRSUD-24 3.87% 0.21 LRSUD-07 3.48% 0.15 LRSUD-11 2.44% 0.30 LRSUD-15 2.17% 0.03 LRSUD-22 1.48% 0.45 LRSUD-16 0.91% 0.31 LRSUD-26 0.65% 0.23 LRSUD-14 0.53% 0.27 LRSUD-12 0.24% 0.12 LRSUD-21 0.20% 0.83 LRSUD-05 0.19% 0.09 LRSUD-19 0.14% 0.31 LRSUD-17 0.12% 0.14 LRSUD-06 0.10% 0.29 LRSUD-13 0.09% 0.38 LRSUD-04 0.09% 0.18 LRSUD-08 0.04% 0.13 LRSUD-02 0.03% 0.12 LRSUD-03 0.02% 0.05. Initial surface sampling program was completed across the Pre-Strip Dump. After completing the surface sampling, the Company followed up with a test-pit sampling program where sample pits were dug to approximately 3.5 meters. NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. Drill, surface, and test-pit samples are sent to ISO 17025 certified American Assay Labs in Reno, Nevada. A 30g gold fire assay and multi-elemental analysis ICP-OES method were completed. The surface grid and grab samples weighed approximately 3 kilograms and were collected over a 1 meter area on grid and individual spot samples. Results from this sampling should only be used as a preliminary indicator of mineralization. The sampling program was completed by the NevGold Geological Team, and was overseen by Greg French, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person under National Instrument 43-101. Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person under National Instrument 43-101 and responsible for technical matters of this release.
