First Three Holes of a 20,000-Meter Program Just Pushed a U.S. Antimony-Gold Resource Beyond Its Own Boundaries

NEW YORK, Aug. 26, 2026 (GLOBE NEWSWIRE) — American News Group News Commentary – In critical-minerals exploration, the most valuable drill results are often not the flashiest grades but the ones that appear where the model said nothing should be. That is what makes a new set of assays from a Nevada antimony-gold project worth a close look: the first three holes of a planned 20,000-meter program did not just confirm the deposit, they intercepted mineralization more than 100 meters outside the current resource boundary, with grades the company says run consistently higher than the resource it already has. For a metal the United States imports almost entirely and has designated critical to national security, a domestic resource that keeps growing with each hole is exactly the kind of story the market has been waiting to see play out. Companies mentioned in today’s commentary include: NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50), Perpetua Resources Corp. (Nasdaq: PPTA), Nova Minerals Corp. (NYSE American: NVA), Southern Cross Gold Consolidated Ltd. (OTCQX: SXGCF), and United States Antimony Corporation (NYSE American: UAMY).

A welcome email is on its way. If you don't see it, please check your junk folder.

On August 25, 2026, NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50) reported assays from the first three drillholes of its 2026 program at the Limousine Butte project in Nevada. The significance is in where the mineralization showed up. Rather than simply infilling known ground, the holes intercepted antimony-gold mineralization more than 100 meters outside the current resource block model, the kind of step-out result that expands a deposit rather than just confirming it. The company describes the expansion and conversion of the resource as the main focus of a targeted 20,000-meter drill program this year.

NevGold CEO Brandon Bonifacio framed the early results in strategic terms: “It is extremely encouraging that we have already been able to expand the maiden oxide antimony-gold MRE by over 100 meters outside of the current block model. The first 3 holes of the 2026 program all intercepted significant antimony-gold mineralization with antimony and gold grades consistently higher than the grades in the MRE.” He added that the holes drilled to date have focused on the Bullet Zone and Armory Fault area as a key extension on the eastern side of the Resurrection Ridge resource, and characterized Limo Butte as “one of the largest and most strategic antimony-gold resources in the United States, which is growing with each drillhole.”