04:36 PM EDT, 06/03/2025 (MT Newswires) -- NevGold ( NAUFF ) after trade Tuesday announced "significant" drill results showing gold and antimony mineralization at its Limousine Butte Project in Nevada.

New results from Limousine Butte include 74.7 meters averaging 1.47 grams per tonne of gold equivalent (g/t AuEq), with higher-grade intervals such as 18.2 meters at 3.59 g/t AuEq, and six meters at 4.61 g/t AuEq, the company said.

The company added that it will continue to reassess historical drilling from the project, focusing on both oxide gold and antimony.

"With the strongly supported, upsized $6 million financing closed, we are fortunate to be in a position where we still have over 30 holes with results to release from our gold-antimony Limo Butte project, and we will also be commencing another phase of drilling in the coming weeks," Chief Executive Brandon Bonifacio said.

NevGold ( NAUFF ) shares closed up $0.015 to $0.41 on the TSX Venture Exchange.