NevGold's Best Hole Yet Hints at a Bigger Prize in Nevada
A single drill hole at Limousine Butte returned the strongest gold grades of the year — and the geology suggests the deposit keeps going east.
NevGold's 2026 drill program at its Limousine Butte project in Nevada has produced its best result yet. Hole LB26-009 cut 8.28 grams per tonne of oxide gold over 3.0 meters, inside a broader interval of 1.73 grams per tonne over 45.7 meters — and at one point the hole returned grades as high as 14.50 grams per tonne.
The results, announced Thursday via GlobeNewswire, extend high-grade gold-antimony mineralization on the eastern side of the Resurrection Ridge resource, both inside and outside the boundary of the mineral resource estimate the company published in July.
What the numbers mean
The headline hole was drilled in the lower zone of Resurrection Ridge. A second hole, LB26-017, returned 3.13 grams per tonne of gold-equivalent over 12.2 meters, including 1.19 grams per tonne of gold and 0.50 percent antimony. The upper zone of LB26-009 added antimony grades of 0.45 percent over 10.7 meters.
NevGold chief executive Brandon Bonifacio said the program continues to deliver exceptional results, expanding mineralization beyond the current resource boundary. He pointed to the consistency of high-grade oxide gold-antimony on the eastern side of Resurrection Ridge, and said the combination of strong results, assays still pending, and growing confidence in the geological model supports the view that Limo Butte is emerging as one of the most significant gold-antimony development projects in the United States.
The program is roughly four-fifths complete: about 16,000 meters drilled across 70 holes out of a targeted 20,000 meters, with assays pending from 54 additional holes. The company says the program remains on schedule and under budget, and it holds more than $42 million in treasury to fund development.
A model that keeps being proved right
The results matter beyond the grades themselves because they validate a geological idea. Earlier explorers assumed the key host rock — a Devonian shale formation — had eroded away east of Resurrection Ridge, and never tested in that direction. NevGold's updated model argues the opposite: an older rock layer was thrust over the shale, preserving it at depth and creating the kind of trap where gold-bearing fluids concentrate.
The 2025 and 2026 drilling has now confirmed that interpretation, with holes passing through the upper rock layer and hitting gold and antimony at multiple levels in the shale beneath. The preserved shale extends more than a kilometer east of earlier drilling, and the company says its property-wide model now outlines multiple gold-antimony target corridors across its roughly 70-square-kilometer land package.
What comes next
NevGold is advancing a preliminary economic assessment of Limo Butte, with completion targeted for the first quarter of 2027, alongside metallurgical testing and early permitting work. The 2026 program is the largest the company has drilled at the project since acquiring it in 2021.
For a junior miner, a best-hole-yet announcement is only as good as the holes that follow — and with 54 assays still pending, the next batch will show whether the eastern extension keeps delivering.
Written by the BidAsk Newsroom. Based on reporting from the sources below.
