Positive Metallurgical Test Results from NevGold
Vancouver, British Columbia – NevGold Corp. (“NevGold” or the “Company”) (TSXV: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50) is excited to share impressive results from its recent metallurgical testwork at the Limousine Butte Project. This site has gained recognition as a promising area for mining, particularly for its antimony and gold deposits.
Significant Metal Recoveries Documented
The Phase II metallurgical testwork has demonstrated substantial antimony recovery, achieving rates of up to 85% for various samples with antimony content ranging from 0.1% to 8.5% Sb. These results underscore the favorable geological and metallurgical characteristics of the project. Importantly, the recovery of antimony has minimal impact on the recovery rates of gold, suggesting a strategic advantage in pursuing both metals concurrently.
Key Findings from the Testing
Among the highlights of the recent testwork:
- Various samples yielded recovery rates: 85% for 0.13% Sb, 71% for 0.17% Sb, and up to 92% for 4.67% Sb. These results emphasize the effectiveness of acid leaching as the primary metallurgical process for antimony.
- There is potential to produce antimony metal on-site without relying on third-party processing.
Continuing Drilling and Resource Estimation
The exploration efforts at Limousine Butte are underway, with a current drilling program comprising 13 completed holes. These activities are aimed at advancing the project toward a comprehensive Mineral Resource Estimate (MRE) for gold and antimony. CEO Brandon Bonifacio expressed enthusiasm over the Phase II results, remarking on the potential they hold for boosting the overall project value.
This Progress is a Game Changer
The fact that the tests indicated strong recovery rates in varying antimony grades provides a solid foundation for the anticipated combined mine scenario involving both gold and antimony. This satisfying development allows NevGold to strategize effectively for future operations, as they continue to unlock the substantial value inherent in the Limo Butte site.
Future Activities Planned at Limo Butte
According to NevGold, the forthcoming initiatives for 2025 will focus on:
- Historical geological data analysis, emphasizing on gold and antimony.
- Metallurgical testwork, building upon the recently completed Phase II results.
- Drilling targeted at gold-antimony deposits.
- Continuing exploration efforts to establish a robust MRE.
The Significance of Antimony
Antimony is classified as a critical mineral due to its wide-ranging applications, especially in military and technological fields. With global production heavily reliant on countries like China, the push for domestic antimony production has become stronger, particularly in light of recent export restrictions affecting the U.S. market. Projects like NevGold’s Limousine Butte are pivotal in addressing these supply chain concerns.
Conclusion and Company Overview
NevGold is at the forefront of exploration and development, emphasizing large-scale mineral systems in established districts of North America. With their commitment to responsible mining practices, particularly at the Limousine Butte project, the Company is well-positioned for future growth and investment. Interested investors and stakeholders can reach out to Brandon Bonifacio for further inquiries or explore more through their official website.
Frequently Asked Questions
1. What were the recovery rates from the metallurgical testwork?
The metallurgical tests showed recovery rates ranging up to 85% for various antimony samples, indicating effective acid leaching.
2. What is the significance of antimony in current markets?
Antimony is considered critical due to its applications in military and technology, highlighting the need for domestic production in the U.S.
3. How does the recovery of antimony impact gold mining?
The recovery of antimony has minimal impact on gold recovery, providing a strategic advantage for combined mining operations.
4. What future activities are planned for the Limo Butte Project?
Future plans include continued drilling, historical data analysis, and further metallurgical testing aimed at increasing mineral resources.
5. Who can be contacted for more information about NevGold?
For more information, you can contact Brandon Bonifacio at 604-337-4997 or visit the company’s website.
