Critical Mineral Microcap Drills Past Expectations at Nevada Project

2026-04-14 12:37:35 ET

As global supply chains continue to prioritize critical minerals, projects capable of delivering near-term production are drawing increased attention. Antimony has emerged as a particularly strategic metal given its importance in defense and industrial applications, creating renewed urgency around domestic sources at a time when U.S. supply remains limited.

Shares of NevGold Corp. ( OTCQX: NAUFF ) ( TSX-V: NAU ) are moving higher Tuesday morning following the release of positive initial drill results from its Limousine Butte Project in Nevada. The update highlights both gold and antimony potential from historic leach pads, reinforcing the company's path toward possible near-term production.

NevGold reported consistent sonic drill results from the crushed leach pad, with nine of the ten reported holes returning antimony grades between 0.27% and 0.34% over intervals ranging from 11.0 to 15.5 meters. The strongest intercept came in at 0.34% antimony and 0.41 g/t gold over 12.5 meters. These results compare favorably to earlier test pit sampling, which averaged 0.27% antimony and 0.34 g/t gold, indicating the drill program is not only confirming but improving upon prior expectations.

These historic leach pads represent previously mined and processed material from operations dating back to 1989-1990, when antimony carried little economic focus due to significantly lower gold prices. Today that same material is being re-evaluated under a different lens, with antimony now classified as a high-priority critical mineral with direct military and industrial applications.

Management plans to deliver a maiden antimony-gold mineral resource estimate in Q2 2026, a critical milestone on the path toward the company's stated goal of antimony production by 2027. That timeline would position NevGold among a very limited number of domestic U.S. producers of the metal.

Metallurgical testing completed to date further supports the development case, demonstrating that antimony can be recovered through leaching followed by gold recovery with minimal impact between the two processes. The sequential approach allows for multiple revenue streams from the same material, a meaningful enhancement to the overall project economics.

With consistent drill results, grades exceeding earlier sampling, and a defined timeline toward resource estimation and potential production, NevGold is advancing a project aligned closely with current demand for secure domestic critical mineral supply.

Shares of NAUFF are up 1.7% to $1.512 in Tuesday trading, while shares of NAU are up 2.9% to C$2.10.

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