Shares Of This Junior Miner Surge On Exceptional Grades in Bullet Zone Discovery

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Thursday, October 16, 2025

With investors increasingly seeking gold and critical metals amid a strong commodities rally, this miner has just announced a major discovery at its gold and antimony project.

NevGold Corp. (TSX-Venture: NAU) (OTCQX: NAUFF) announced earlier this morning that the company has made a major discovery at its Limousine Butte Project in Nevada, unearthing high-grade oxide antimony from surface in a newly identified zone called the “Bullet Zone.” The find came from a 150-meter step-out hole that confirmed the company’s updated geological model for the project. This discovery marks the highest-grade antimony interval ever drilled at Limousine Butte, with results including 14.90 g/t gold equivalent over 4.6 meters (3.76% Sb and 0.29 g/t Au) within a broader interval of 2.42 g/t gold equivalent over 53.3 meters. The new zone expands the known mineralized footprint at the Resurrection Ridge target, which NevGold is working to advance toward an initial gold-antimony resource estimate.

The successful drill results also validate NevGold’s new geological interpretation, showing mineralization below an older thrusted dolomite unit, an area previously untested but now recognized for its strong potential. Additional drilling and surface sampling have reinforced the scale of the system, with samples grading up to 6.8% antimony and 0.25 g/t gold. To date, NevGold has completed 11 holes in its 2025 drill program, with more assays pending, while Phase II metallurgical testing on gold and antimony continues. The company plans to advance both Resurrection Ridge and Cadillac Valley toward defining their initial gold-antimony mineral resource estimates.

NevGold CEO, Brandon Bonifacio, comment in the press release: “We are extremely excited about the discovery of the high-grade antimony intercept in the new oxide gold-antimony Bullet Zone from surface. The geological concept of drilling below the older, thrusted dolomite unit was a target that our team developed over the past couple of years working at Limo Butte. The fact that we intercepted some of the highest grade mineralization that we have drilled to date at Limo Butte on the 1 st hole testing this target concept is exceptional and a testament to our technical team. The discovery of the Bullet Zone also significantly expands the mineralization footprint at Resurrection Ridge, and opens large areas of the Project overlain by dolomite, with no historical drilling.”

Shares of NAU are currently up 13.56% at $0.67 while U.S. listed shares climb 22.25% at $0.4846 in early-afternoon trading.

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