Brightstar Resources Limited (ASX: BTR) (Brightstar) is pleased to announce that following on from the maiden and second gold pours announced 07/03/20241 and 12/02/20242, all processing of the ore from the Selkirk joint venture has successfully been completed at Genesis Minerals’ Gwalia processing plant.
HIGHLIGHTS
Figure 1 – Shipment 2: Gold doré bars BTR005 – BTR016 (poured on 9/3/24) and BTR017 – BTR028 (poured 12/3/24)
Brightstar advises that processing of the remainder of the ore from the Selkirk mining joint venture has successfully completed, with total unreconciled gold production of 8,049.6oz from 43 gold doré bars produced in the campaign.
Final reconciliations of the gold-in-circuit are underway between Brightstar’s independent metallurgists and Genesis Minerals Ltd. With the current AUD gold price trading at approximately A$3,300/oz, the revenue to be generated from the Selkirk mining campaign significantly exceeds the joint ventures model (done at A$2,850/oz) and BTR management expectations due to additional recovered ounces at a higher gold price.
To date, 5,546oz have been sold to the Perth Mint after refining at an average realised sale price of A$3,306/oz.
Final costs for the joint venture are still being finalised and reconciled, and once approved by the joint venture, the net project income will be split 50/50 between Brightstar and our joint venture partner BML Ventures Pty Ltd. Total project costs are expected to be approximately A$12 - $13 million.
Brightstar’s Managing Director, Alex Rovira, commented“We are pleased to announce that gold processing of our Selkirk Mining JV material has safely and successfully concluded by the team at Genesis Minerals Ltd’s Gwalia operation. Their assistance, along with JT Metallurgists acting on behalf of the joint venture, has seen the successful processing of ore from the Menzies Gold project into doré bars poured at record high AUD gold prices.
In parallel with the finalisation of gold-in-circuit calculations, which is expected to occur shortly, we are also finalising the joint venture accounts and making provisions for rehabilitation and waste dump seeding to achieve best practice environmental outcomes.
With the Selkirk Mining JV all but concluded, we continue our focus on building Brightstar into a meaningful gold producer and look forward to updating the market with finalised accounts and announcing the reconciled 50% Profit Share value attributable to Brightstar.”
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This article includes content from Brightstar Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
A gold-focused emerging gold producer with a clear pathway to production growth, Brightstar Resources presents a compelling investment case driven by its mining and development hubs strategy and a district-scale resource opportunity.
The price of gold stays strong. In April 2024, the yellow metal’s price passed US$2,400 per ounce for the first time. The reason is multifaceted. The world teeters on the brink of a severe recession while some markets attribute the increase to safe haven rush. Amidst ballooning interest rates, bank failures and falling bond yields, demand for gold continues to rise. At this precise moment, gold is simultaneously an excellent portfolio diversifier and a compelling hedge against ongoing inflation — particularly if one invests in the right company.
Brightstar Resources (ASX:BTR) aims to be that company. An emerging mining and development company, Brightstar occupies a strategic land position of roughly 1,200 square kilometers in the Sandstone Greenstone Belt, 300 square kilometers in the Laverton Tectonic Belt and 80 square kilometers of the Menzies Shear Zone.
The company also owns an existing processing facility that can potentially provide tremendous shareholder value in a low-capital cost restart scenario.
That plant, once fully refurbished and operational, could prove a key differentiator for the company, enabling fast gold production at a low capital cost. This is especially noteworthy given that many other gold companies trading on the ASX are largely focused on greenfield exploration and development. Even once those companies discover a promising resource, mining and processing facilities would still need to be built, undertakings which can incur significant upfront capital costs and take several years.
Brightstar's Laverton gold assets are all centered on a 100 percent-owned 300-square-kilometer tenure in the Laverton Tectonic Zone and all within 70 kilometers of the Laverton Processing Plant. Additionally, all resources within this zone are open along strike and at depth. Only minor drilling programs have been conducted in recent years, paving the way for significant exploration upside with the potential for further regional and greenfields discoveries.
Brightstar also owns 100 percent of the Menzies Gold Project, a contiguous land package of granted mining leases over a strike length of roughly 20 kilometers along the Menzies Shear Zone and adjacent to the Goldfields Highway.
In 2023 and 2024, the company announced a mineral resource upgrade to the Cork Tree Well deposit (Laverton gold project) and also delivered two maiden mineral resource estimates at the Link Zone and Aspacia deposits (Menzies gold project). This has grown the total group MRE by approximately 150 koz gold through organic exploration. Brightstar also recently announced the results from DFS-level metallurgical testwork programs at Cork Tree Well with returned recoveries over 90 percent, including a high gravity gold content, ranging from 25 percent - 60 percent.
The company has also acquired 100 percent of the shares and options of Linden Gold Alliance, a gold producer, developer and explorer with existing mineral resources of 350 koz @ 2.1 g/t gold near Brightstar in the Laverton district. Brightstar’s MRE has reached 1.1 Moz gold across the Menzies and Laverton projects, with an additional 0.35 Moz gold in resources added after the successful acquisition of Linden Gold Alliance.
In August 2024, Brightstar entered into a scheme implementation deed to acquire 100 percent of Alto Metals (ASX:AME), which owns the Sandstone gold project located in East Murchison. The project has a current mineral resource of 1.05 Moz of gold at 1.5 g/t.
Brightstar also completed the acquisition of the gold rights at the Montague East gold project (MEGP) from Gateway Mining Limited (ASX:GML). The project is located 70 km from the Sandstone gold project. The acquisition adds a further 9.6 Mt @ 1.6 g/t gold for 0.5 Moz gold to Brightstar’s JORC Mineral Resource Estimate, giving the company a total mineral endowment of 38.3 Mt @ 1.6 g/t gold for 2.0 Moz gold.
The acquisition of the MGEP from Gateway Mining and 100 percent of Alto’s shares creates a third district-scale resource base for the company called the Sandstone Hub. Upon consolidation of the Laverton, Menzies and Sandstone hubs, Brightstar’s mineral resources would reach 3 Moz at 1.5g/t gold.
Subsequent to the deal with Alto Metals, Brightstar entered into a $4 million drill-for-equity agreement with Topdrill to aggressively advance the consolidated Sandstone gold project. The deal strengthens Brightstar's financial capacity to fulfill its multi-hub exploration and development strategy, which includes the Menzies, Laverton and Sandstone hubs.
Brightstar’s Laverton hub is comprised of the Cork Tree Well, Beta and Alpha project areas with the addition of the Second Fortune gold mine and the Jasper Hills projects.
The Menzies Hub comprises a tenement holding of a contiguous land package of granted mining leases over a strike length of more than 20 km. The majority of deposits hosted along the Menzies Shear Zone are located adjacent to Goldfields Highway in Menzies (130km north of Kalgoorlie).
The consolidated Sandstone project is over 100 km from existing third-party milling operations in the Murchison. This third processing hub boasts Alto’s Sandstone project with a mineral resource of 1.05 Moz at 1.4 g/t gold and Gateway’s Montague gold project with a mineral resource of 0.5 Moz @ 1.6 g/t gold.
Brightstar aims to fast-track the development timetable through:
Situated close to Brightstar's existing mineral assets at Laverton, the Brightstar Processing Plant provides the company with a considerable operational head start over its peers.
Gold doré bars (BTR005 – BTR016) poured on 9 March 2024
Alex Rovira is a qualified geologist and an experienced investment banker having focused on the metals and mining sector since 2013. Rovira has experience in ASX equity capital markets activities, including capital raisings, IPOs and merger and acquisitions.
Richard Crookes has over 35 years’ experience in the resources and investments industries. He is a geologist by training having previously worked as the chief geologist and mining manager of Ernest Henry Mining in Australia.
Crookes is managing partner of Lionhead Resources, a critical minerals investment fund and formerly an investment director at EMR Capital. Prior to that he was an executive director in Macquarie Bank’s Metals Energy Capital (MEC) division where he managed all aspects of the bank’s principal investments in mining and metals companies.
Andrew Rich is a degree qualified mining engineer from the WA School of Mines and has obtained a WA First Class Mine Managers Certificate. Rich has a strong background in underground gold mining with experience predominantly in the development of underground mines at Ramelius Resources (ASX:RMS) and Westgold Resources (ASX:WGX).
Ashley Fraser is an accomplished mining professional with over 30 years experience across gold and bulk commodities. Fraser was a founder of Orionstone (which merged with Emeco in a $660-million consolidation) and is a founder/owner of Blue Cap Mining and Blue Cap Equities.
Jonathan Downes has over 30 years’ experience in the minerals industry and has worked in various geological and corporate capacities. Experienced with gold and base metals, he has been intimately involved with the exploration process through to production. Downes is currently the managing director of Kaiser Reef, a high grade gold producer, and non-executive director of Cazaly Resources.
Dean Vallve holds technical qualifications in geology & mining engineering from the WA School of Mines, an MBA, and a WA First Class Mine Managers Certificate. Vallve was previously in senior mining and study roles at ASX listed mid-cap resources companies Hot Chili (ASX:HCH) and Calidus Resources (ASX:CAI).
Emerging gold producer and district-scale resource developer in Western Australia
All amounts expressed in U.S. dollars
Barrick Mining Corporation (NYSE:B) (TSX:ABX) announced today that it has completed the divestiture of its 50% interest in the Donlin Gold Project in Alaska to affiliates of Paulson Advisers LLC and NOVAGOLD Resources Inc. (NYSE American, TSX:NG) for $1 billion in cash.
Enquiries:
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com
Website: www.barrick.com
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Nevgold Corp. (" NevGold " or the " Company ") (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce that it has discovered further significant oxide gold-antimony ("Antimony", "Sb") drill results at its Limousine Butte Project (the "Project", "Limo Butte") in Nevada. The Company 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.
Key Highlights
Limo Butte Planned 2025 Activities / Status Update
NevGold will continue its active exploration program at Limo Butte including:
Figure 1 – Limousine Butte Gold-Antimony Project with selected gold-antimony drillhole results.
To view image please click here
Figure 2 – Limousine Butte Gold-Antimony Project cross-section with selected gold-antimony drillhole results. Thin colored discs show Antimony (Sb ppm) in drilling, and wide colored discs show Gold (Au ppm) in drilling.
To view image please click here
Figure 3 – Limousine Butte Gold-Antimony Project with selected gold-antimony drillhole results at Resurrection Ridge and Cadillac Valley. The total strike length between Resurrection Ridge and Cadillac Valley is +5km.
To view image please click here
NevGold CEO, Brandon Bonifacio, comments: "With the strongly supported, upsized $6.0 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 . We are continuing to see exceptional oxide gold-antimony results across a large footprint at the project, and our focus now turns to rapidly advancing Limo Butte to an initial gold-antimony Mineral Resource Estimate ("MRE") in 2025 . Our metallurgical testwork program continues to advance to outline the optimal flowsheet to recover the gold and antimony, which is a key step for further project advancement. It is the right time to be advancing and unlocking the gold-antimony potential at Limo Butte as there is a clear commitment from the United States to advance high-quality, domestic, mineral projects ."
Historical and Re-Assayed Drill Results
| Hole ID | Length, m* | g/t Au | % Sb | g/t AuEq** | From, m | To, m |
| Resurrection Ridge | ||||||
| LB018 | 74.7 | 0.45 | 0.23% | 1.47 | 36.6 | 111.3 |
| including | 18.2 | 0.92 | 0.60% | 3.59 | 73.2 | 91.4 |
| also including | 6.0 | 0.31 | 0.96% | 4.61 | 73.2 | 79.2 |
| LB030 | 12.2 | 0.58 | 0.32% | 2.03 | 170.7 | 182.9 |
| LB002 | 25.0 | 0.07 | 0.13% | 0.67 | 0.0 | 25.0 |
| LB21-002*** | 64.0 | 0.72 | 0.33% | 2.19 | 48.2 | 112.2 |
| including | 24.1 | 1.47 | 0.60% | 4.17 | 50.6 | 74.7 |
| also including | 4.5 | 1.43 | 2.10% | 10.86 | 67.4 | 71.9 |
| LB21-003*** | 20.1 | 1.91 | 0.17% | 2.68 | 62.5 | 82.6 |
| LB024*** | 61.0 | 0.26 | 0.18% | 1.07 | 79.3 | 140.2 |
| LB023*** | 67.1 | 1.30 | 0.18% | 2.11 | 24.4 | 91.5 |
| including | 30.5 | 2.79 | 0.33% | 4.29 | 30.5 | 61.0 |
| also including | 16.8 | 5.05 | 0.46% | 7.12 | 42.7 | 59.4 |
| LB029*** | 79.3 | 0.53 | 0.14% | 1.16 | 122.0 | 201.2 |
| including | 18.3 | 0.52 | 0.30% | 1.86 | 128.0 | 146.3 |
| LB013*** | 49.7 | 0.15 | 0.26% | 1.29 | 30.8 | 80.5 |
| LB21-005*** | 79.2 | 0.22 | 0.08% | 0.56 | 64.5 | 143.7 |
| including | 8.6 | 0.59 | 0.46% | 2.66 | 65.5 | 74.1 |
| LB006*** | 86.9 | 1.11 | 0.30% | 2.46 | 36.6 | 123.4 |
| including | 12.8 | 1.83 | 0.87% | 5.75 | 79.2 | 92.0 |
| also including | 6.7 | 2.29 | +1%**** | 6.77 | 85.3 | 92.0 |
| LB001*** | 63.9 | 0.21 | 0.33% | 1.69 | 13.1 | 77.0 |
| including | 17.7 | 0.38 | 0.83% | 4.10 | 55.2 | 72.8 |
| also including | 6.4 | 0.16 | +1%**** | 4.64 | 55.2 | 61.6 |
| LB003*** | 22.3 | 2.26 | 0.32% | 3.69 | 67.1 | 89.3 |
| including | 7.9 | 5.97 | 0.57% | 8.55 | 81.4 | 89.3 |
| LB004*** | 110.4 | 0.19 | 0.12% | 0.73 | 0.0 | 110.4 |
| including | 36.6 | 0.24 | 0.21% | 1.16 | 6.7 | 43.3 |
| LIM-40*** | 54.9 | 1.20 | 0.64% | 4.07 | 18.3 | 73.2 |
| including | 12.2 | 2.12 | +1%**** | 6.60 | 48.8 | 61.0 |
| LIM-45*** | 36.6 | 1.23 | 0.40% | 3.02 | 24.4 | 61.0 |
| including | 12.2 | 0.35 | +1%**** | 4.83 | 36.6 | 48.8 |
| LIM-48*** | 61.0 | 0.77 | 0.41% | 2.61 | 24.4 | 85.4 |
| including | 24.4 | 0.37 | 0.77% | 3.82 | 48.8 | 73.2 |
| Hole ID | Length, m* | g/t Au | % Sb | g/t AuEq** | From, m | To, m |
| Cadillac Valley | ||||||
| LB22-007*** | 169.2 | 0.89 | 0.18% | 1.70 | 213.5 | 382.7 |
| including | 54.4 | 2.26 | 0.13% | 2.85 | 213.5 | 267.9 |
| also including | 3.10 | 0.76 | 2.76% | 13.15 | 259.2 | 267.9 |
| LB22-006*** | 124.7 | 0.84 | 0.11% | 1.34 | 127.4 | 252.1 |
| including | 24.3 | 1.32 | 0.20% | 2.23 | 160.6 | 184.9 |
| LB22-019*** | 28.9 | 1.09 | 0.04% | 1.27 | 170.7 | 199.6 |
| LB054*** | 12.2 | 0.42 | 0.08% | 0.79 | 12.2 | 24.4 |
*Downhole thickness reported; true width varies depending on drill hole dip and is approximately 70% to 90% of downhole thickness.
**The gold equivalents ("AuEq") are based on assumed metals prices of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 85% for gold and 70% for antimony.
***Selected drillholes released in previous News Releases on February 27, 2025, March 26, 2025, April 10, 2025, April 24, 2025, and May 13, 2025.
**** Historical drilling had an upper detection limit of 1% Sb but many drill intervals exceeded the limit.
Limo Butte Geology & Antimony Potential
A review of historical geochemical and drilling data at the Limousine Butte Project has identified multiple areas with strong gold-antimony potential. These zones correlate closely with outcrops of the Devonian Pilot Shale, the primary host rock for Carlin-type gold mineralization in the area. Positive gold grade at Limousine Butte is typically associated with silicification and the formation of jasperoid breccias within the Pilot Shale, an alteration feature also observed in the positive antimony results.
Through the Project data review, the Company uncovered reports detailing two small-scale historic mining operations at the Nevada Antimony Mine and Lage Antimony Prospect within the Limo Butte Project boundary. The Nevada Antimony Mine featured two prospect pits that extracted stibnite (formula: Sb 2 S 3 ) from a hydrothermal breccia. The Lage Antimony Prospect reported historical unverified sampling results with up to 14.46% Antimony with additional prospect pits extracting antimony.
Historical geochemical rock chip sampling within the past-producing Golden Butte pit from a Brigham Young University ("BYU") Thesis study produced numerous results that exceeded 1% antimony in jasperoid breccias (see Figure 1). Several results were greater than 5% antimony, including a sample of 9.6% antimony with visible stibnite and stibiconite . BYU Thesis Report
NevGold VP Exploration, Greg French, comments: " The antimony results from the historic holes continue to show oxide gold-antimony continuity in the Resurrection Ridge area. The mineralization follows both the favorable horizon as well as mapped structures. Our 2025 exploration program will follow up on the open mineralization in the Resurrection Ridge and Cadilac Valley areas, as well as look at several advanced gold-antimony targets within the project boundary. We also look forward to the results from the Limo Butte metallurgical program which will help refine the recovery flowsheet for gold and antimony. "
Figure 4 – Limousine Butte Project with historical antimony in rock chips and soils. The total strike length between Resurrection Ridge and Cadillac Valley is +5km.
To view image please click here
US Executive Order – Announced March 20, 2025
The Company is pleased to report the recent, sweeping Executive Order to strengthen American mineral production and reduce U.S. reliance on foreign nations for its mineral supply . Antimony (Sb) has been identified as an important "Critical Mineral" in the United States essential for national security, clean energy, and technology applications, yet no domestically mined supply currently exists.
The Executive Order invokes the use of the Defense Production Act as part of a broad United States ("US") Government effort to expand domestic minerals production on national security grounds. As it relates to project permitting, the Order states that it will "identify priority projects that can be immediately approved or for which permits can be immediately issued, and take all necessary or appropriate actions…to expedite and issue the relevant permits or approvals." Furthermore, the Order includes provisions to accelerate access to private and public capital for domestic projects, including the creation of a "dedicated mineral and mineral production fund for domestic investments" under the Development Finance Corporation ("DFC").
This decisive action by the US Government highlights the urgent need to expand domestic minerals output to support supply chain security in the United States. This important Order will help revitalize domestic mineral production by improving the permitting process and providing financial support to qualifying domestic projects.
Importance of Antimony
Antimony is considered a "Critical Mineral" by the United States based on the U.S. Geological Survey's 2022 list (U.S.G.S. (2022)). "Critical Minerals" are metals and non-metals essential to the economy and national security. Antimony is utilized in all manners of military applications, including the manufacturing of armor piercing bullets, night vision goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and production, tritium production, flares, military clothing, and communication equipment. Other uses include technology (semi-conductors, circuit boards, electric switches, fluorescent lighting, high quality clear glass and lithium-ion batteries) and clean-energy storage.
Globally, approximately 90% of the world's current antimony supply is produced by China, Russia, and Tajikistan. Beginning on September 15, 2024, China, which is responsible for nearly half of all global mined antimony output and dominates global refinement and processing, announced that it will restrict antimony exports. In December-2024, China explicitly restricted antimony exports to the United States citing its dual military and civilian uses, which further exacerbated global supply chain concerns. (Lv, A. and Munroe, T. (2024)) The U.S. Department of Defense ("DOD") has designated antimony as a "Critical Mineral" due to its importance in national security, and governments are now prioritizing domestic production to mitigate supply chain disruptions. Projects exploring antimony sources in North America play a key role in addressing these challenges.
Perpetua Resources Corp. ("Perpetua", NASDAQ:PPTA, TSX:PPTA) has the most advanced domestic gold-antimony project in the United States. Perpetua's project, known as Stibnite, is located in Idaho approximately 130 km northeast of NevGold's Nutmeg Mountain and Zeus projects. Positive advancements at Stibnite including the technical development and permitting has led to US$75 million in Department of Defense ("DOD") awards, and over $1.8 billion in indicative financing from the Export Import Bank of the United States ("US EXIM") ( see Perpetua Resources News Release from April 8, 2024 ) (Perpetua Resources. (2025))
Drillhole Orientation Details
| Hole ID | Target Zone | Easting | Northing | Elevation (m) | Length (m) | Azimuth | Dip |
| LB018 | RR | 666993 | 4417308 | 2132 | 152.4 | 0 | -90 |
| LB030 | RR | 667143 | 4417273 | 2174 | 193.5 | 0 | -60 |
| LB002 | RR | 667177 | 4417244 | 2192 | 182.9 | 82 | -50 |
| LB21-002 | RR | 666979 | 4417343 | 2117 | 151.8 | 0 | 90 |
| LB21-003 | RR | 667061 | 4417417 | 2129 | 183.5 | 0 | 90 |
| LB024 | RR | 667217 | 4417423 | 2159 | 189 | 70 | -80 |
| LB023 | RR | 667143 | 4417273 | 2174 | 187 | 70 | -60 |
| LB029 | RR | 667128 | 4417307 | 2162 | 237.7 | 0 | -90 |
| LB013 | RR | 667142 | 4417273 | 2177 | 164.7 | 90 | -50 |
| LB21-005 | RR | 667279 | 4417487 | 2179 | 253.8 | 0 | -90 |
| LB006 | RR | 667030 | 4417384 | 2125 | 152.7 | 0 | -90 |
| LB001 | RR | 667036 | 4417384 | 2125 | 77 | 0 | -90 |
| LB003 | RR | 667134 | 4417528 | 2133 | 129.4 | 0 | -90 |
| LB004 | RR | 667313 | 4417277 | 2239 | 198.7 | 270 | -50 |
| LIM-40 | RR | 667018 | 4417409 | 2124 | 289.6 | 0 | -90 |
| LIM-45 | RR | 666929 | 4417389 | 2103 | 179.8 | 0 | -90 |
| LIM-48 | RR | 666927 | 4417374 | 2105 | 286.5 | 0 | -90 |
| LB22-007 | CV | 665211 | 4415453 | 2031 | 403.5 | 254 | -86 |
| LB22-006 | CV | 664692 | 4414921 | 2042 | 379.8 | 144 | -77 |
| LB22-019 | CV | 664433 | 4414318 | 2096 | 335.3 | 116 | -66 |
| LB054 | CV | 665323 | 4415090 | 2059 | 157.0 | 0 | -90 |
Figure 5 – Limousine Butte Land Holdings and District Exploration Activity
To view image please click here
Engagement of Marketing Consultants
The Company is pleased to announce it has retained Machai Capital Inc. ("Machai Capital"), based in Vancouver, Canada, to provide marketing services including advertising, press release distribution, native advertising of editorial, and additional services as may be determined. Machai Capital will utilize its expertise in branding, content and data optimization, search engine optimization, search engine marketing, lead generation, digital marketing, social media marketing, email marketing, and brand marketing to enhance the Company's marketing campaigns and increase awareness of the Company. The program is budgeted for C$350,000 over a two-month term. Machai Capital and its principals have an arm's length relationship with the Company. Machai Capital currently owns 50,000 shares of the Company.
The Company is also pleased to announce it has retained Equedia Network Corporation, based in Vancouver, Canada, to provide advertising, press release distribution, native advertising of editorial, and additional services as may be determined. The program will utilize non-generic marketing channels to provide the Company exposure to fresh investment audiences. The advertising program is budgeted for C$150,000 over a six-month term. Equedia Network Corporation and its principals have an arm's length relationship with the Company.
ON BEHALF OF THE BOARD
"Signed"
Brandon Bonifacio, President & CEO
For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com .
Historical Data Validation
NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. A 30g gold fire assay and multi-elemental analysis ICP-OES method was completed by ISO 17025 certified American Assay Labs, Reno.
The Company's Qualified Person ("QP"), Greg French, Vice President, Exploration has completed a review of the historical data in this press release. The historic data collection chain of custody procedures and analytical results by previous operators appear adequate and were completed to industry standard practices. For the Newmont and US Gold data a 30g gold fire assay and multi-elemental analysis ICP-OES method MS-41 was completed by ISO 17025 certified ALS Chemex, Reno or Elko Nevada.
Geochemical ICP (5g) analysis for the Wilson, Christianson and Tingey report was completed by Geochemical Services Inc. and the XRF analyses (glass disk or pellets) by Brigham Young University.
Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company's Vice President, Exploration, who is NevGold's Qualified Person under National Instrument 43-101 and responsible for technical matters of this release.
About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Forward-looking statements include, but are not limited to, the proposed work programs at Limousine Butte, and the exploration potential at Limousine Butte. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
References
Blackmon, D. (2021) Antimony: The Most Important Mineral You Never Heard Of. Article Prepared by Forbes.
Kurtenbach, E. (2024) China Bans Exports to US of Gallium, Germanium, Antimony in response to Chip Sanctions . Article Prepared by AP News.
Lv, A. and Munroe, T. (2024) China Bans Export of Critical Minerals to US as Trade Tensions Escalate . Article Prepared by Reuters.
Lv, A. and Jackson, L. (2025) China's Curbs on Exports of Strategic Minerals . Article Prepared by Reuters.
Perpetua Resources. (2025) Antimony Summary . Articles and Videos Prepared by Perpetua Resources.
Sangine, E. (2022) U.S. Geological Survey, Mineral Commodity Summaries, January 2023 . Antimony Summary Report prepared by U.S.G.S
U.S.G.S. (2022) U.S. Geological Survey Releases 2022 List of Critical Minerals . Reported Prepared by U.S.G.S
Wilson, D.,J., Christiansen, E., H., and Tingey, D., G., 1994, Geology and Geochemistry of the Golden Butte Mine- A Small Carlin- Type Gold Deposit in Eastern Nevada: Brigham Young University Geology Studies, v.40, P.185-211. BYU V.40 P.185-211.
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