Exploration Excitement Ignited at NevGold's Limo Butte Project
NevGold Begins 2025 Drilling Program at Limo Butte
Vancouver, British Columbia – NevGold Corp. (TSXV:NAU) (OTCQB:NAUFF) (Frankfurt:5E50) is thrilled to announce the start of its 2025 drill program focused on the Limousine Butte Project. This program aims to tap into the considerable gold-antimony potential of the site, which is located in a region renowned for its rich mining history.
Key Objectives of the Drill Program
The drill program kicked off in August, unfolding a substantial 5,000 meter Reverse Circulation (RC) initiative. The team's attention is divided between the Resurrection Ridge and Cadillac Valley Target Areas, beginning with Resurrection Ridge. This marks a pivotal effort as it represents the first dedicated exploration targeted at both gold and antimony for the project, significantly enhancing the understanding of its mineral resources.
Advancing Towards Mineral Resource Estimates
The main aim of the drill program is to develop an initial oxide gold-antimony Mineral Resource Estimate (MRE). With the help of a significant historical drill database, the 2025 exploration will focus on defining and expanding drilling targets for both gold and antimony, promoting confidence in the project's vast resource potential.
Recent Discoveries of Stibiconite Outcrops
During the drill pad and road construction phases, team members uncovered new stibiconite outcrops, a crucial oxide antimony mineral, on the eastern side of Resurrection Ridge. With mineralization showing potential toward the east, these discoveries enhance the project's appeal and potential for economic valuation.
Insights from the Leadership Team
NevGold's President and CEO, Brandon Bonifacio, expressed his enthusiasm regarding the drill program, stating, "Our goal is to elevate the Limo Butte Project towards its inaugural oxide gold-antimony Mineral Resource Estimate. Our technical team has obtained a comprehensive grasp of the regional and site-specific geology, paving the way for an effective drilling strategy. We are uniquely positioned to advance project development, possessing extensive institutional knowledge about Limo Butte's geological nuances."
Strategically Listening to Market Signals
Bonifacio also highlighted the project's timely initiation, given the strengthening macroeconomic environment and the U.S. government's increasing commitment to advancing high-quality domestic mining endeavors. The company's established history of regulatory compliance circumvents many typical barriers faced by exploration teams.
About NevGold
NevGold operates as an exploration and development company targeting significant mineral systems in Nevada and Idaho. With a firm footing in the Limousine Butte and Cedar Wash gold projects in Nevada, along with the Nutmeg Mountain and Zeus copper projects in Idaho, the company aims to make a lasting impact in the mining sector.
Quality Assurance and Historical Data Review
In alignment with industry standards, NevGold adheres strictly to QA/QC protocols for all projects, ensuring the integrity of sampling and data collection processes. The review of historical data was conducted by Greg French, Vice President of Exploration, who is also a Qualified Person under National Instrument 43-101. Such diligence assures stakeholders of the reliability of the project outcomes and reinforces NevGold's commitment to exploration integrity.
Frequently Asked Questions
What is the main goal of the 2025 drill program at Limo Butte?
The primary goal is to advance towards an initial oxide gold-antimony Mineral Resource Estimate at the Limo Butte Project.
Where are the primary target areas for drilling?
The drilling focuses on the Resurrection Ridge and Cadillac Valley Target Areas within the Limo Butte Project.
What recent discoveries were made during exploration?
New stibiconite outcrops were identified during the construction of drill pads and access roads, indicating strong geological potential.
Who oversees the exploration efforts at NevGold?
Greg French serves as the Vice President of Exploration and oversees all technical aspects of the exploration efforts.
What is NevGold's operational focus?
NevGold is dedicated to exploring and developing large-scale mineral systems, particularly in the well-known regions of Nevada and Idaho.
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