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Two Metals, One Junior: NevGold Delivers 99% Gold Recovery, 1.11% Antimony Intercepts, and a C$42.2M Upsized Financing in Three Weeks
NevGold Corp. (TSX-V: NAU | OTCQX: NAUFF | FRA: 5E50) advances a dual-metal production thesis at ...
About this update from Nevgold Corp
[{"type":"text","content":"Two Metals, One Junior: NevGold Delivers 99% Gold Recovery, 1.11% Antimony Intercepts, and a C$42.2M Upsized Financing in Three WeeksIssued on behalf of NevGold Corp.\nNevGold Corp. (TSX-V: NAU | OTCQX: NAUFF | FRA: 5E50) advances a dual-metal production thesis at Limousine Butte (Nevada) and Nutmeg Mountain (Idaho) — pairing a U.S. Critical Mineral (antimony) and a safe-haven commodity at multi-year highs (gold) — with a maiden antimony-gold Mineral Resource Estimate targeted for Q2 2026 and near-term production targeted for 2027. Companies mentioned in this article: NevGold Corp. (TSX-V: NAU | OTCQX: NAUFF | FRA: 5E50), Orla Mining Ltd. (NYSE American: ORLA), Integra Resources Corp. (NYSE American: ITRG), Military Metals Corp. (OTCQB: MILIF), Critical Metals Corp. (NASDAQ: CRML) Key Takeaways: NevGold upsized its brokered private placement to C$42,225,497 on April 20, 2026 (22,223,946 shares at C$1.90), led by Clarus Securities as sole agent and bookrunner, expected to close on or about May 12, 2026.April 9, 2026 drill intercepts at Limousine Butte included 1.93 g/t gold equivalent over 100.6 meters from surface (1.07 g/t Au + 0.22% Sb) at Resurrection Ridge, incorporating 1.11% antimony over 6.1 meters.April 2, 2026 Phase II metallurgical testwork on the historical gold leach pad material showed up to 99% gold recovery on residual tailings after antimony extraction, with average gold recoveries above 93%.April 14, 2026 sonic drill results on the historic leach pads showed consistent antimony-gold grades exceeding Phase I test pit sampling; maiden antimony-gold Mineral Resource Estimate targeted Q2 2026; production targeted 2027 from reprocessing existing material with no new mining required.September 2025 Nutmeg Mountain NI 43-101 MRE: 1,186,000 oz Indicated at 0.50 g/t Au + 548,000 oz Inferred at 0.34 g/t Au at a 0.20 g/t cutoff, with mineralization starting at surface and a conceptual strip ratio of less than 1:1. NEW YORK, April 23, 2026 (GLOBE NEWSWIRE) -- Equity Insider News Commentary — Gold has spent 2026 establishing and then re-establishing record highs as investors reach for inflation hedges, geopolitical hedges, and dollar alternatives. Antimony — a U.S.-designated Critical Mineral — has quietly become one of the most strategically sensitive metals on the Department of War’...