09:40 AM EDT, 06/05/2025 (MT Newswires) -- NevGold ( NAUFF ) was early Thursday edging up, and closer to 52 week highs, after it overnight Wednesday said it discovered "further significant" oxide gold-antimony drill results at its Limousine Butte Project in Nevada.

The company added it continues to unlock the "substantial" gold-antimony potential of the project, highlighting its "promising prospects" for further exploration and development in Nevada, one of the world's prolific mining jurisdictions.

Among highlights in most recent results, the company cited 7.04 G/T AuEq over 15.2 meters (6.37 G/T Au And 0.15% antimony) within 4.14 G/T AuEq over 29.0 meters (3.56 G/T Au And 0.13% antimony), and said it expanded gold-antimony mineralization over 400 meters along strike.

"These results have some of the highest oxide gold-antimony grades that we have seen to date at Limo Butte," said NevGold ( NAUFF ) Chief Executive Brandon Bonifacio.

"We have also started to expand the mineralization footprint at Resurrection Ridge, with over 800 meters defined, and we still have over 30 holes to release prior to commencing our 2025 drill program. We are continuing to see exceptional oxide gold-antimony results across a large area at the project, and we will remain focused on adding to the mineralization footprint and filling in some of the gaps in the gold-antimony geological database, with the goal of rapidly advancing Limo Butte to an initial gold-antimony Mineral Resource Estimate in 2025.

"Our metallurgical testwork program continues to advance to outline the optimal flowsheet to recover the gold and antimony, and we are expecting results over the coming weeks. The environment is optimal to continue to advance and unlock the gold-antimony potential at Limo Butte as there is a clear commitment from the United States to advance high-quality, domestic, mineral projects."

Price: 0.41, Change: +0.02, Percent Change: +3.85