Limousine Butte Delivers 99% Gold Recovery and High-Grade Drill Intercepts
NevGold’s Limousine Butte project yields up to 99% gold recovery in Phase II tests after antimony leaching and reports bulk-tonnage drill intercepts including 11.42 g/t AuEq over 7.7 m. Shares have rallied over 317% year-over-year ahead of a maiden antimony-gold resource estimate due Q2 2026.
1. Project Overview
The Limousine Butte site is a past-producing, near-surface oxide gold mine in Nevada with one of the highest-grade antimony footprints in North America. Its brownfield status in a permitting-friendly jurisdiction positions NevGold to unlock both gold and critical antimony metal ahead of any concentrate shipments.
2. Metallurgical Breakthrough
Phase II testwork on residual leach tailings showed average gold recoveries over 93%, with samples reaching 99% in cyanide shake leach tests after antimony extraction. The sequential leach flowsheet allows antimony removal first, followed by conventional gold recovery with minimal impact on gold grades.
3. Drill Results and Resource Outlook
Recent drilling delivered 11.42 g/t AuEq over 7.7 m at Resurrection Ridge, plus thicker zones of 4.91 g/t AuEq over 27.4 m, and other intercepts such as 5.36 g/t AuEq over 9.1 m. All step-out holes at the Bullet Zone confirmed continuous oxide gold-antimony mineralization, underpinning a maiden MRE slated for Q2 2026.
4. Strategic Context and Share Performance
With no primary U.S. antimony mines and China controlling 90% of global supply, U.S. defense planners are prioritizing domestic sources. NevGold shares have climbed over 317% in the past year and earned a Top 50 TSXV ranking, reflecting growing investor confidence ahead of resource delineation.