NevGold Hits Antimony-Gold Mineralization in All Drillholes at Limousine Butte
NevGold reports consistent antimony and gold mineralization in all drillholes from the historic crushed leach pad at its Limousine Butte Project in Nevada, highlighting near-term production potential.
NevGold Corp. has announced positive results from its historic crushed leach pad at the Limousine Butte Project in Nevada, with all drillholes intersecting consistent antimony and gold mineralization. The company reported intercepts including 0.32% antimony and 0.39 g/t gold over 14.9 meters, confirming the presence of both metals in the leach pad material.
The historic leach pads date from 1989-1990 mining operations, which were processed only for gold in a sub-$400/oz gold price environment and did not recover antimony. This presents a significant near-term opportunity for potential antimony production, as the material is already crushed and leached, reducing processing costs. For precious metals traders, the discovery adds a strategic dimension: antimony is classified as a critical mineral by the US government, and its co-production with gold could enhance project economics and attract strategic interest.
Investors will watch for further drill results and any preliminary economic assessment from NevGold. The company plans to continue evaluating the leach pad's potential for antimony recovery, which could provide a secondary revenue stream alongside gold. Traders can follow gold price movements on NowPrice's live gold dashboard to gauge market conditions affecting such projects.