Mount Hope Mining (ASX:MHM) is a copper and gold exploration company based in Australia. The company's flagship Mount Hope project in the prolific Cobar Basin is comprised of four tenements spanning 175 sq km. Mount Hope Mining's acquisition of Fisher Resources has provided it with full control over the project.
The Cobar Basin, a region with a longstanding history of copper and gold mining dating back to the 1870s, has seen a flurry of significant mining activities in recent years. In August 2024, Polymetals Resources (ASX:POL) finalized the acquisition of the Endeavor Mine, located 40 kilometers north of Cobar, which boasts JORC-compliant resources of 16.3 million tonnes grading 8 percent zinc, 4.5 percent lead, and 84 grams per ton (g/t) silver. In 2023, Metals Acquisition (NYSE:MTAL) successfully acquired the CSA copper mine from Glencore, further signalling the growing investment attractiveness of the Cobar Basin as a major hub for copper production.
The Mount Hope project has four granted exploration tenements: EL6837, EL8058, EL8290 and EL8654. The region is historically significant for its rich copper and gold deposits and has contributed substantially to Australia’s mining output since the 1870s. Despite its long-standing mining heritage, the southern Cobar Basin remains underexplored, presenting a unique opportunity for Mount Hope Mining to utilize modern exploration techniques to uncover untapped resources.
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Mount Hope Mining’s strategic location in the prolific and resource-rich Cobar Basin, which has seen increased activity in recent years, signifies the company’s compelling investment proposition.
Mount Hope Mining (ASX:MHM) is an Australian resource company specializing in copper and gold exploration. With its flagship project located in the Cobar Basin of New South Wales, Australia, the company leverages the region's rich mining history and underexplored potential. On August 30, 2024, Mount Hope transitioned to a public company to attract investments for its ambitious mineral exploration goals.
Mount Hope Mining's acquisition of Fisher Resources, a wholly-owned subsidiary of Unico Silver Limited, has provided it with full control over the Mount Hope project. This project spans four tenements covering approximately 175 square kilometers, located in the southern Cobar Basin, a region with a longstanding history of copper and gold mining dating back to the 1870s.
The Cobar Basin has seen a flurry of significant mining activities in recent years, underscoring the region's robust potential for polymetallic resource development. In August 2024, Polymetals Resources (ASX:POL) finalized the acquisition of the Endeavor Mine, located 40 kilometers north of Cobar, which boasts JORC-compliant resources of 16.3 million tonnes grading 8 percent zinc, 4.5 percent lead, and 84 grams per ton (g/t) silver. In 2023, Metals Acquisition (NYSE:MTAL) successfully acquired the CSA copper mine from Glencore, further signalling the growing investment attractiveness of the Cobar Basin as a major hub for copper production.
These activities highlight a dynamic and competitive landscape that Mount Hope Mining can leverage for its own exploration strategy.
The strength and vision of Mount Hope Mining's leadership are critical to its success. The company boasts an experienced and dynamic board and management team, each member bringing a wealth of expertise in mineral exploration, corporate governance, and strategic planning. Their collective experience in mining, resource development, and financial oversight ensures the company is well-equipped to meet its objectives.
The Mount Hope project is Mount Hope Mining’s flagship exploration initiative, located in the southern Cobar Basin of New South Wales, Australia. This project spans approximately 175 square kilometers across four granted exploration tenements: EL6837, EL8058, EL8290 and EL8654. The region is historically significant for its rich copper and gold deposits and has contributed substantially to Australia’s mining output since the 1870s. Despite its long-standing mining heritage, the southern Cobar Basin remains underexplored, presenting a unique opportunity for Mount Hope Mining to utilize modern exploration techniques to uncover untapped resources.
The project area encompasses several historical mining sites, including the Mount Hope, Comet and Great Central copper mines, alongside the Mount Solitary and Solar gold mines. These sites, although historically productive, have seen limited contemporary exploration, leaving substantial potential for discovering residual and new deposits.
The Mount Hope project is characterized by volcanic and sedimentary sequences with structural features conducive to hosting polymetallic deposits, particularly copper and gold. Fault zones and folding within the tenements act as pathways for mineralization, creating promising exploration targets.
Mount Hope Mining has identified key zones of interest within the project area, including Mount Hope East, Black Hill, Main Road East, Little Mount Solitary, and the Mount Solitary to Solar Trend. These targets are prioritized for exploration based on historical mining data and geophysical anomalies. The company plans to implement a phased approach to exploration, beginning with geophysical and geochemical surveys to refine target zones, followed by drilling campaigns to confirm mineralization and assess the economic viability of the deposits.
The Mount Hope project benefits from its strategic location within the Cobar Basin, an established mining district with access to infrastructure and services. The recent resurgence of mining activity in and around the Cobar Basin, as demonstrated by Polymetals Resources’ acquisition of the Endeavor mine, and Metals Acquisition’s purchase of the CSA copper mine, underscores the region’s significance as a hub for resource development.
Mount Hope Mining aims to build on this momentum, leveraging both historical data and cutting-edge exploration methodologies to maximize the project’s potential. With its focus on copper and gold, commodities essential to green technologies and global markets, the Mount Hope project is well-positioned to contribute to the growth of Mount Hope Mining and the broader Australian resource sector.
Fergus Kiley plays a pivotal role in driving Mount Hope Mining’s exploration and growth strategies. He previously served as Senior Geologist and Technical Business Development Lead at Wyloo, one of Australia’s largest private natural resources investment groups. This role honed his expertise in exploration, geological modeling and project evaluation. Kiley also serves on the board of Grand Gulf Energy (ASX:GGE) and has over a decade of experience managing exploration programs for various ASX-listed companies. His leadership at Mount Hope focuses on leveraging modern exploration techniques and building partnerships to unlock the potential of the Mount Hope project.
Ben Phillips provides strategic oversight and governance to Mount Hope Mining. Appointed on July 5, 2024, he plays a vital role in ensuring the board operates effectively and aligns with the company’s objectives. Phillips’ leadership in other ventures and his focus on strong corporate governance bring additional credibility to Mount Hope’s public presence. His insights into the mining sector and his strategic vision position the company for sustainable growth.
Todd Williams brings significant expertise in mining exploration and operations, particularly within the Cobar Basin. He is currently the managing director of Unico Silver (ASX:USL) and a Non-executive director of Orpheus Uranium (ASX:ORP). As the former owner of the Mount Hope project through Unico, William's historical knowledge of the tenements is an invaluable asset. His extensive work in the region strengthens Mount Hope’s technical and operational strategies.
Advancing a copper and gold-rich asset in the prolific Cobar Basin of New South Wales
Gold chart, April 4 to April 11, 2025.
Chart via the Investing News Network.
During the week, Trump reversed course on some of the tariff measures he announced on April 2.
Those measures included a 10 percent tariff on all but a handful of countries, including Canada and Mexico, with more severe reciprocal tariffs to come into effect this week. However, on Wednesday (April 9), Trump announced he would pause the additional tariffs for 90 days, saying more than 70 countries had contacted him to make deals.
Trump may have also been feeling pressure from economic advisors as a surge in treasury yields signaled a potential economic crisis brewing in the US bond market. Normally a safe haven during market volatility, the bond market saw a significant selloff this week as US tariffs and worries about the US economy's stability spooked traders.
Although the pause gave most countries some breathing room, tariffs against China were left on the table. After much back and forth, US tariffs levied against China have now increased to 145 percent.
The net effect of Trump's actions has been political and financial turmoil, sparking selloffs in major stock markets and pushing prices for safe-haven assets like gold to fresh records.
Additionally, China, Japan and South Korea agreed on March 30 to seek deeper free trade ties in response to the threat of tariffs from the US government. The deal marks a significant move by the three countries following decades of US diplomacy to maintain close relationships with Japan and South Korea.
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Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) will release its Q1 2025 results on Wednesday, May 7, 2025. President and CEO Mark Bristow will host a live presentation of the results that day at 11:00 EDT, with an interactive webinar linked to a conference call. Participants will be able to ask questions.
Q1 RESULTS ANNOUNCEMENT
The webinar will remain on the website for later viewing and the conference call will be available for replay by telephone at 1 855 669 9658 (US and Canada toll-free) and +1 412 317 0088 (international toll), replay access code 2985555.
The Q1 2025 presentation materials will be available on Barrick's website at www.barrick.com .
Enquiries:
Claudia Pitre
Investor Relations and Corporate Access
+1 416 307 5105
Email: investor@barrick.com
Kathy du Plessis
Investor and Media Relations
+44 20 7557 7738
Email: barrick@dpapr.com
Website: www.barrick.com
News Provided by GlobeNewswire via QuoteMedia
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 the Cadillac Valley target area 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
NevGold CEO, Brandon Bonifacio, comments: “The discovery of more significant oxide gold-antimony drill results in drillholes at Cadillac Valley is a key development at our Limo Butte oxide gold-antimony project. Cadillac Valley is over 2 km from Resurrection Ridge, and we have now defined over 5 km of strike length between these two advanced target areas. The oxide gold-antimony grades, near-surface mineralization, and hole thickness highlight the significant gold-antimony potential that we have at the Project. We continue to analyze and re-assay holes from both Resurrection Ridge and Cadillac Valley and we have a number of holes to release with combined gold-antimony results. The timing and market conditions are opportune to continue to advance 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 |
| 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 |
| Resurrection Ridge | ||||||
| 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 |
*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 and March 26, 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: Sb2S3) 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. The Nevada Bureau of Mines and Geology (“NBMG”) had historical reports on both of these which can be found here: Nevada Antimony Mine Report Lage Antimony Prospect Report
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 then 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 re-assay program continues to produce positive gold-antimony results, and we are encouraged by the gold-antimony grade as well as the footprint at Limo Butte. We have currently defined over 5 km of strike length between Resurrection Ridge and Cadillac Valley, and these initial results at Cadillac Valley have a footprint that spans over 1.5 km by 500 meters. We are continuing to analyze the data from both Resurrection Ridge and Cadillac Valley to incorporate results in the planning for the next drill program.”
Figure 3 – 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
Drillhole Orientation Details
| Hole ID | Target Zone | Easting | Northing | Elevation (m) | Length (m) | Azimuth | Dip |
| LB22-007 | Cadillac Valley | 665211 | 4415453 | 2031 | 403.5 | 254 | -86 |
| LB22-006 | Cadillac Valley | 664692 | 4414921 | 2042 | 379.8 | 144 | -77 |
| LB22-019 | Cadillac Valley | 664433 | 4414318 | 2096 | 335.3 | 116 | -66 |
| LB054 | Cadillac Valley | 665323 | 4415090 | 2059 | 157.0 | 0 | -90 |
| LB006 | Resurrection Ridge | 667030 | 4417384 | 2125 | 152.7 | 0 | -90 |
| LB001 | Resurrection Ridge | 667036 | 4417384 | 2125 | 77 | 0 | -90 |
| LB003 | Resurrection Ridge | 667134 | 4417528 | 2133 | 129.4 | 0 | -90 |
| LB004 | Resurrection Ridge | 667313 | 4417277 | 2239 | 198.7 | 270 | -50 |
| LIM-40 | Resurrection Ridge | 667018 | 4417409 | 2124 | 289.6 | 0 | -90 |
| LIM-45 | Resurrection Ridge | 666929 | 4417389 | 2103 | 179.8 | 0 | -90 |
| LIM-48 | Resurrection Ridge | 666927 | 4417374 | 2105 | 286.5 | 0 | -90 |
Figure 4 – Limousine Butte Land Holdings and District Exploration Activity 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”) 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))
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.