NevGold Corp. Reports Significant Oxide Gold Intercepts on the Ptarmigan Property
NevGold Corp. (TSXV: NAU, OTCQX: NAUFF, Frankfurt: 5E50) announced on 17 September 2026 that a recent drill campaign at its Ptarmigan property in southeastern British Columbia yielded a 1.06 g/t oxide gold intercept over 42.7 meters outside the 2026 Mineral Resource Estimate (MRE) pit‑shell. The same program also produced a 5.00 g/t oxide gold intercept over 3.0 meters within the existing pit‑shell, expanding mineralization at the Limo Butte target and converting previously unmineralized blocks into viable resource.
Key Drill Results
| Drill | Location | Grade (g/t) | Length (m) | Remarks |
|---|---|---|---|---|
| LB26‑007 Lower | Outside pit‑shell | 1.06 | 42.7 | Includes 1.89 g/t over 18.3 m; terminates at 0.52 g/t |
| LB26‑004 | Inside pit‑shell | 5.00 | 3.0 | Within a 1.23 g/t interval spanning 27.4 m |
| LB26‑007 Upper | Same target | 0.20 % Sb | 16.8 | Gold and antimony co‑distributed |
The intercepts outside the pit‑shell suggest the potential to redraw the pit‑shell, thereby expanding the mineable volume without altering the existing resource model. The inside‑shell intercepts improve the grade profile and reinforce confidence in the current resource estimate.
Antimony Significance
Antimony, recorded at 0.20 % in the upper section of LB26‑007, is now classified as a critical mineral in the United States. With tightened Chinese export controls, antimony has emerged as a viable secondary revenue stream for oxide‑rich districts. NevGold’s concurrent discovery of antimony alongside gold at the same depth positions the Ptarmigan property as a multi‑metal asset, aligning with federal policy incentives for critical mineral development.
Economic Implications
Oxide mineralization near surface typically requires simpler, lower‑capital processing, making it attractive for a low‑cap‑ex starter operation. Expansion of oxide material—whether inside or outside the pit‑shell—directly enhances a project’s economics:
- Inside‑shell expansion boosts the grade profile of the defined asset, potentially improving mine throughput and cash flow without modifying the pit geometry.
- Outside‑shell expansion forces a redraw of the pit‑shell, increasing the overall mineable volume and extending the mine life.
Given NevGold’s 2026 MRE, these drill results strengthen the case for a 2026 mining plan that incorporates both gold and antimony, potentially unlocking a dual‑metal operation with lower operating costs and diversified revenue.
Market Context
With a market capitalization of approximately $173 million CAD and a share price of $0.94 as of 15 September 2026, NevGold’s recent findings could deliver a substantive lift in shareholder value. The company’s focus on the Ptarmigan property—an area with historically significant oxide gold districts—places it favorably within a sector that has seen renewed interest in critical minerals and near‑surface resources.
This article is based solely on publicly available data and is intended for informational purposes. Readers are encouraged to consult the company’s official releases and filings for detailed technical and financial information.
