NevGold Discovers Samples With Up to 10% Antimony at the Limousine Butte Gold-Antimony Project in Nevada

NevGold ” or the “ Company ”)(TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce that it has discovered significant antimony (“Antimony”, “Sb”) potential at its Limousine Butte Project (the “Project”, “Limo Butte”) in Nevada. Limousine Butte has a robust historical geological database with surface and drilling geochemical results, and many areas at the Project havehigh-grade oxide gold and antimony potential. The Company remains focused on unlocking value from its...

Vancouver, 20/02/2025 (informazione.news - comunicati stampa - industria)

” or the “ ”) ) is pleased to announce that it has discovered significant antimony (“Antimony”, “Sb”) potential at its Limousine Butte Project (the “Project”, “Limo Butte”) in Nevada. Limousine Butte has a robust historical geological database with surface and drilling geochemical results, and many areas at the Project have . The Company remains focused on unlocking value from its portfolio, and the addition of antimony to gold at Limousine Butte at the Project.

NevGold will continue its active exploration program at Limo Butte including:

A review of historical geochemical data at the Limousine Butte Project has identified multiple zones of strongly anomalous antimony at surface. These zones correlate closely with outcrops of the Devonian Pilot Shale, the primary host rock for Carlin-type gold mineralization in the area. High-grade gold at Limousine Butte is typically associated with silicification and the formation of jasperoid breccias within the Pilot Shale, alteration features also observed in the high-grade antimony samples. Planned 2025 drilling will target both gold and antimony prospects in these altered and largely untested intervals of the Pilot Shale.

Antimony is considered a “Critical Mineral” by the United States based on the U.S. Geological Survey's 2022 list (U.S.G.S. (2022)). “Critical Minerals” are metals and non-metals essential to the economy and national security. Antimony is utilized in all manners of military applications, including the manufacturing of armor piercing bullets, night vision goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and production, tritium production, flares, military clothing, and communication equipment. Other uses include technology (semi-conductors, circuit boards, electric switches, fluorescent lighting, high quality clear glass and lithium-ion batteries) and clean-energy storage.

Globally, approximately 90% of the world's current antimony supply is produced by China, Russia, and Tajikistan. Beginning on September 15, 2024, China, which is responsible for nearly half of all global mined antimony output and dominates global refinement and processing, announced that it will restrict antimony exports. In December-2024, China explicitly restricted antimony exports to the United States citing its dual military and civilian uses, which further exacerbated global supply chain concerns. (Lv, A. and Munroe, T. (2024)) The U.S. Department of Defense (“DOD”) has designated antimony as a critical mineral due to its importance in national security, and governments are now prioritizing domestic production to mitigate supply chain disruptions. Projects exploring antimony sources in North America play a key role in addressing these challenges.

Perpetua Resources (“Perpetua”, NASDAQ:PPTA, TSX:PPTA) has the most advanced domestic gold-antimony project in the United States. Perpetua's project, known as Stibnite, is located in Idaho approximately 130 km northeast of NevGold's Nutmeg Mountain and Zeus projects. Positive advancements at Stibnite including the technical development and permitting has led to US$75 million in Department of Defense (“DOD”) awards, and over $1.8 billion in indicative financing from the Export Import Bank of the United States (“US EXIM”) ( ) (Perpetua Resources. (2025))

For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com .

The Company's Qualified Person (“QP”), Greg French, Vice President, Exploration has completed a stringent review of the historical data including a review of the mineralized rock chip samples. Surface rock chip and soil samples have been cross checked against existing NevGold's surface data and correlate well with the existing project dataset. The historic data collection and chain of custody procedures by previous operators appears adequate but the Company has not yet independently confirmed the results of the rock chip assays.

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.

NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.

Blackmon, D. (2021) Article Prepared by Forbes.

Kurtenbach, E. (2024) . Article Prepared by AP News.

Lv, A. and Munroe, T. (2024) .  Article Prepared by Reuters.

Lv, A. and Jackson, L. (2025) . Article Prepared by Reuters.

Perpetua Resources. (2025) .  Articles and Videos Prepared by Perpetua Resources.

Sangine, E. (2022) . Antimony Summary Report prepared by U.S.G.S

U.S.G.S. (2022) .  Reported Prepared by U.S.G.S