NevGold Uncovers Significant Drill Results at Limousine Butte
NevGold's Promising Discoveries at Limousine Butte
As interest in mining increases across various sectors, NevGold Corp. continues to make strides in the gold-antimony sector with significant results from its Limousine Butte Project in Nevada. The company has announced further positive drill results that highlight the potential of this project, which is situated in one of the world’s most renowned mining regions.
Key Geological Findings
The most recent drilling at Resurrection Ridge has yielded impressive results, with notable findings including:
- LB023: 2.11 g/t AuEq over 67.1 meters, featuring 1.30 g/t Au and 0.18% Sb. This includes higher grades of 4.29 g/t AuEq over 30.5 meters and 7.12 g/t AuEq over 16.8 meters.
- LB029: 1.16 g/t AuEq over 79.3 meters, providing additional evidence of the mineralization in the area.
These results are paramount in affirming the potential for substantial oxide gold-antimony mineralization across a broad footprint. The Limo Butte project, with its extensive permitted drilling areas, is poised for further exploration.
Future Exploration Plans
NevGold's exploration strategy involves a thorough evaluation of the historical drilling database, focusing on both gold and antimony targets. The focus is on re-analyzing historical samples that previously had limited analysis for antimony but which may contain significant findings.
- Continuing to evaluate historical geological data with a keen focus on gold and antimony.
- Re-analyzing past drill results to uncover further insights into gold and antimony potential.
- Drilling new targets based on the outcomes of these evaluations.
This strategic approach not only aims to enhance the understanding of the resource but also optimizes the potential for future successes.
Geological Insights at Limousine Butte
NevGold’s VP of Exploration, Greg French, highlighted that the geology at Limousine Butte supports strong mineralization. The Devonian Pilot Shale has emerged as a crucial host rock, closely associated with the gold-antimony occurrences. The exploration team is enthusiastic about the substantial historical data linked to the site and is committed to leveraging this data to spur future exploration phases.
Importance of Antimony
Antimony is recognized as a critical mineral, with uses ranging from military applications to technology and clean energy sectors. Given recent global supply chain constraints regarding antimony, focusing on domestic sources has become paramount for national security. The US government has recently acted to enhance domestic mineral production, offering significant potential for companies like NevGold.
Potential Market Impact
The US government's initiative to boost the domestic supply of antimony is timely, especially as global leaders attempt to minimize reliance on foreign sources. NevGold’s ongoing exploration at Limousine Butte positions it as a leading player in this evolving landscape, catering to the increasing demand for critical minerals.
Company Overview
NevGold Corp is strategically focused on exploring and developing large-scale mineral systems within Nevada and Idaho. With interests in multiple gold and copper projects, including Limousine Butte, Nutmeg Mountain, and Zeus, the company is well-positioned for growth in the mining sector.
Frequently Asked Questions
What are the key highlights from NevGold's latest drilling results?
NevGold reported significant oxide gold-antimony drill results, notably 2.11 g/t AuEq over 67.1 meters from LB023 and 1.16 g/t AuEq over 79.3 meters from LB029.
What is the focus of NevGold’s future exploration efforts?
NevGold plans to re-evaluate historical drilling data, prioritize antimony analysis, and drill new targets based on these evaluations to enhance resource understanding.
What role does antimony play in the mineral industry?
Antimony is classified as a critical mineral essential for various applications, including military, technological, and clean-energy sectors, making it a vital asset in domestic mineral production.
How is NevGold positioning itself in light of recent market demands?
NevGold is prioritizing projects like Limousine Butte to cater to the growing needs for domestic sourcing of critical minerals amid increasing global supply chain constraints.
Who is the CEO of NevGold?
The CEO of NevGold is Brandon Bonifacio, who is leading the company's strategic initiatives and exploring opportunities within the mineral sector.
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