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Brunswick Exploration Broadcasts AGM Outcomes

admin by admin
June 15, 2025
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Brunswick Exploration Broadcasts AGM Outcomes
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NevGold Corp. (“NevGold” or the “Firm”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is happy to announce further oxide gold-antimony (“Antimony”, “Sb”) outcomes extending mineralization over 1.7 kilometers on the Cadillac Valley goal at its Limousine Butte Mission (the “Mission”, “Limo Butte”) in Nevada. The Firm continues to unlock the substantial gold-antimony potential of the Mission, highlighting its promising prospects for additional exploration and improvement in Nevada, one of many world’s prolific mining jurisdictions.

Key Highlights

  • Expands oxide gold-antimony mineralization at Cadillac Valley over 1.7 kilometers with outcomes together with
    • LB119: 2.28 g/t AuEq* over 30.5 meters (1.29 g/t Au and 0.22% Sb), inside 1.61 g/t AuEq* over 61.0 meters (1.08 g/t Au and 0.12% Sb)
    • LB155: 1.01 g/t AuEq* over 36.6 meters (0.47 g/t Au and 0.12% Sb), inside 0.77 g/t AuEq* over 59.5 meters (0.40 g/t Au and 0.08% Sb)
    • LB141: 1.03 g/t AuEq* over 12.2 meters (0.57 g/t Au and 0.10% Sb), inside 0.55 g/t AuEq* over 77.7 meters (0.41 g/t Au and 0.03% Sb)
    • LIM-18: 0.86 g/t AuEq* over 22.9 meters (0.65 g/t Au and 0.05% Sb), inside 0.38 g/t AuEq* over 74.7 meters (0.25 g/t Au and 0.03% Sb) in gap on the most northeast a part of the Cadillac Valley goal (Determine 1)
    • *Gold equivalents (“AuEq”) are based mostly on assumed metals costs of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% low cost to present spot costs), and assumed metals recoveries of 85% for gold and 70% for antimony.
  • Mineralization at Cadillac Valley now expands over 1.7 kilometers northeast to southwest, and over 400 meters laterally (Determine 1, Determine 2)
  • Over 27 oxide gold-antimony holes have been launched highlighting the constant outcomes throughout the 2 key superior goal areas at Limo Butte; 19 holes at Resurrection Ridge and eight holes at Cadillac Valley (Determine 3)
  • Metallurgical testwork program continues with over 100 kg bulk pattern from the Mission and NevGold core drilling; optimistic progress has been made and outcomes are anticipated over the approaching weeks

Limo Butte Deliberate 2025 Actions / Standing Replace
NevGold will proceed its energetic exploration program at Limo Butte together with:

  • Consider the historic geological database with concentrate on gold and antimony (accomplished);
  • Consider and re-analyze historic drilling with concentrate on gold and antimony (in progress, continues);
  • Metallurgical testwork (in progress, outcomes over coming weeks);
  • 2025 drilling of gold-antimony targets (in planning section).

Determine 1 – Limousine Butte Gold-Antimony Mission with chosen gold-antimony drillhole outcomes from the Cadillac Valley Goal. To view picture please click on right here

Determine 2 – Limousine Butte Gold-Antimony Mission long-section at Cadillac Valley, with chosen gold-antimony drillhole outcomes. Skinny coloured discs present Antimony (Sb ppm) in drilling, and broad coloured discs present Gold (Au ppm) in drilling. To view picture please click on right here

Determine 3 – Limousine Butte Gold-Antimony Mission with chosen gold-antimony drillhole outcomes at Resurrection Ridge and Cadillac Valley. The overall strike size between Resurrection Ridge and Cadillac Valley is +5km.
To view picture please click on right here

NevGold CEO, Brandon Bonifacio, feedback: “The latest set of oxide gold-antimony outcomes from Cadillac Valley considerably will increase the dimensions of the mineralization footprint on the goal, which now extends over 1.7 kilometers northeast to southwest, and over 400 meters laterally. This can be very encouraging to see the constant gap thickness and oxide gold-antimony grades at each of our superior goal areas. We’re targeted on advancing each Resurrection Ridge and Cadillac Valley to the Mineral Useful resource Estimate (“MRE”) stage in 2025. We’ve got additionally progressed our gold and antimony metallurgical testwork program, which is advancing with Kappes, Cassiday, and Associates (“KCA”) of Reno, Nevada, and we expect outcomes over the approaching weeks. We strongly imagine we have now one of many most superior gold-antimony belongings in the USA, and we’ll proceed to concentrate on unlocking the worth on the Mission over 2025.”

‎Historic and Re-Assayed Drill Outcomes

Gap ID Size, m* g/t Au % Sb g/t AuEq** From, m To, m
Cadillac Valley
LB119 61.0 1.08 0.12% 1.61 146.3 207.3
together with 30.5 1.29 0.22% 2.28 152.4 182.9
LB155 59.5 0.40 0.08% 0.77 97.5 157.0
together with 36.6 0.47 0.12% 1.01 97.5 134.1
LB141 77.7 0.41 0.03% 0.55 61.0 138.7
together with 12.2 0.57 0.10% 1.03 61.0 73.2
LIM-18 74.7 0.25 0.03% 0.38 129.5 204.2
together with 22.9 0.65 0.05% 0.86 129.5 152.4
LB22-007*** 169.2 0.89 0.18% 1.70 213.5 382.7
together with 54.4 2.26 0.13% 2.85 213.5 267.9
additionally together with 3.10 0.76 2.76% 13.15 259.2 267.9
LB22-006*** 124.7 0.84 0.11% 1.34 127.4 252.1
together with 24.3 1.32 0.20% 2.23 160.6 184.9
LB22-019*** 28.9 1.09 0.04% 1.27 170.7 199.6
LB054*** 12.2 0.42 0.08% 0.79 12.2 24.4

*Downhole thickness reported; true width varies relying on drill gap dip and is ~70% to ~90% of downhole thickness.
**The gold equivalents (“AuEq”) are based mostly on assumed metals costs of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% low cost to present spot costs), and assumed metals recoveries of 85% for gold and 70% for antimony.
***Chosen drillholes launched in earlier Information Launch on April 10, 2025.

Limo Butte Geology & Antimony Abstract
A evaluation of historic geochemical and drilling information on the Limousine Butte Mission has recognized a number of areas with sturdy gold-antimony potential. These zones correlate intently with outcrops of the Devonian Pilot Shale, the first host rock for Carlin-type gold mineralization within the space. Optimistic gold grade at Limousine Butte is often related to silicification and the formation of jasperoid breccias inside the Pilot Shale, an alteration function additionally noticed within the optimistic antimony outcomes.

By way of the Mission information evaluation, the Firm uncovered reviews detailing two small-scale historic mining operations on the Nevada Antimony Mine and Lage Antimony Prospect inside the Limo Butte Mission boundary. The Nevada Antimony Mine featured two prospect pits that extracted stibnite (method: Sb2S3) from a hydrothermal breccia. The Lage Antimony Prospect reported historic unverified sampling outcomes with as much as 14.46% Antimony with further prospect pits extracting antimony.

Historic geochemical rock chip sampling inside the past-producing Golden Butte pit from a Brigham Younger College (“BYU”) Thesis examine produced quite a few outcomes that exceeded 1% antimony in jasperoid breccias (see Determine 1). A number of outcomes have been better than 5% antimony, together with a pattern of 9.6% antimony with seen stibnite and stibiconite. BYU Thesis Report

Determine 4 – Limousine Butte Mission with historic antimony in rock chips and soils. The overall strike size between Resurrection Ridge and Cadillac Valley is +5km. To view picture please click on right here

US Govt Order – Introduced March 20, 2025
The Firm is happy to report the latest, sweeping Govt Order to strengthen American mineral manufacturing and scale back U.S. reliance on overseas nations for its mineral provide. Antimony (Sb) has been recognized as an necessary “Essential Mineral” in the USA important for nationwide safety, clear power, and know-how functions, but no domestically mined provide at present exists.

The Govt Order invokes using the Protection Manufacturing Act as a part of a broad United States (“US”) Authorities effort to increase home minerals manufacturing on nationwide safety grounds. Because it pertains to venture allowing, the Order states that it’s going to “establish precedence tasks that may be instantly authorised or for which allows may be instantly issued, and take all vital or applicable actions…to expedite and difficulty the related permits or approvals.” Moreover, the Order consists of provisions to speed up entry to non-public and public capital for home tasks, together with the creation of a “devoted mineral and mineral manufacturing fund for home investments” underneath the Growth Finance Company (“DFC”).

This decisive motion by the US Authorities highlights the pressing must increase home minerals output to help provide chain safety in the USA. This necessary Order will assist revitalize home mineral manufacturing by enhancing the allowing course of and offering monetary help to qualifying home tasks.

Significance of Antimony
Antimony is taken into account a “Essential Mineral” by the USA based mostly on the U.S. Geological Survey’s 2022 checklist (U.S.G.S. (2022)). “Essential Minerals” are metals and non-metals important to the financial system and nationwide safety. Antimony is utilized in all manners of army functions, together with the manufacturing of armor piercing bullets, evening imaginative and prescient goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and manufacturing, tritium manufacturing, flares, army clothes, and communication tools. Different makes use of embody know-how (semi-conductors, circuit boards, electrical switches, fluorescent lighting, top quality clear glass and lithium-ion batteries) and clean-energy storage.

Globally, roughly 90% of the world’s present antimony provide is produced by China, Russia, and Tajikistan. Starting on September 15, 2024, China, which is liable for practically half of all international mined antimony output and dominates international refinement and processing, introduced that it’s going to limit antimony exports. In December-2024, China explicitly restricted antimony exports to the USA citing its twin army and civilian makes use of, which additional exacerbated international provide chain issues. (Lv, A. and Munroe, T. (2024)) The U.S. Division of Protection (“DOD”) has designated antimony as a “Essential Mineral” as a result of its significance in nationwide safety, and governments are actually prioritizing home manufacturing to mitigate provide chain disruptions. Initiatives exploring antimony sources in North America play a key function in addressing these challenges.

Perpetua Assets Corp. (“Perpetua”, NASDAQ:PPTA, TSX:PPTA) has essentially the most superior home gold-antimony venture in the USA. Perpetua’s venture, generally known as Stibnite, is situated in Idaho roughly 130 km northeast of NevGold’s Nutmeg Mountain and Zeus tasks. Optimistic developments at Stibnite together with the technical improvement and allowing has led to US$75 million in Division of Protection (“DOD”) awards, and over $1.8 billion in indicative financing from the Export Import Financial institution of the USA (“US EXIM”) (see Perpetua Assets Information Launch from April 8, 2024) (Perpetua Assets. (2025))

Drillhole Orientation Particulars

Gap ID Goal Zone Easting Northing Elevation (m) Size (m) Azimuth Dip
LB119 CV 665171 4415453 2026 269.7 130 -75
LB155 CV 664635 4414684 2058 304.8 0 -90
LB-141 CV 664995 4415167 2020 163.1 120 -70
LIM-18 CV 665421 4415694 2034 219.5 0 -90
LB22-007 CV 665211 4415453 2031 403.5 254 -86
LB22-006 CV 664692 4414921 2042 379.8 144 -77
LB22-019 CV 664433 4414318 2096 335.3 116 -66
LB054 CV 665323 4415090 2059 157.0 0 -90

Determine 5 – Limousine Butte Land Holdings and District Exploration Exercise To view picture please click on right here

Grant of Choices
The Firm additionally broadcasts that it has granted an mixture of two,600,000 inventory choices of the Firm (every, a “Inventory Possibility”) to sure administrators, officers and consultants of the Firm. Every Inventory Possibility entitles the holder to amass one widespread share of the Firm at an train value of $0.33 per share at various expiry dates between June 12, 2027 and June 12, 2030. The Inventory Choices have been issued pursuant to the phrases of the Firm’s inventory choice plan. The Inventory Choices granted to administrators, officers, and consultants of the Firm vest instantly, and the Inventory Choices granted to investor relations service suppliers vest within the quantity of 25% each three months following the date of grant over a 12-month interval.

ON BEHALF OF THE BOARD
“Signed”

Brandon Bonifacio, President & CEO

For additional data, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, name 604-337-4997, or go to our web site at www.nev-gold.com.

Historic Knowledge Validation
NevGold QA/QC protocols are adopted on the Mission and embody insertion of duplicate, clean and customary samples in all drill holes. A 30g gold fireplace assay and multi-elemental evaluation ICP-OES methodology was accomplished by ISO 17025 licensed American Assay Labs, Reno.

The Firm’s Certified Particular person (“QP”), Greg French, Vice President, Exploration has accomplished a evaluation of the historic information on this press launch. The historic information assortment chain of custody procedures and analytical outcomes by earlier operators seem ample and have been accomplished to business customary practices. For the Newmont and US Gold information a 30g gold fireplace assay and multi-elemental evaluation ICP-OES methodology MS-41 was accomplished by ISO 17025 licensed ALS Chemex, Reno or Elko Nevada.

Geochemical ICP (5g) evaluation for the Wilson, Christianson and Tingey report was accomplished by Geochemical Companies Inc. and the XRF analyses (glass disk or pellets) by Brigham Younger College.

Technical data contained on this information launch has been reviewed and authorised by Greg French, CPG, the Firm’s Vice President, Exploration, who’s NevGold’s Certified Particular person underneath Nationwide Instrument 43-101 and liable for technical issues of this launch.

In regards to the Firm
NevGold is an exploration and improvement firm concentrating on large-scale mineral programs within the confirmed districts of Nevada and Idaho. NevGold owns a 100% curiosity within the Limousine Butte and Cedar Wash gold tasks in Nevada, and the Nutmeg Mountain gold venture and Zeus copper venture in Idaho.

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.

Cautionary Be aware Relating to Ahead Wanting Statements

This information launch accommodates forward-looking statements which are based mostly on the Firm’s present expectations and estimates. Ahead-looking statements are often characterised by phrases resembling “plan”, “anticipate”, “venture”, “intend”, “imagine”, “anticipate”, “estimate”, “counsel”, “point out” and different comparable phrases or statements that sure occasions or situations “might” or “will” happen. Ahead-looking statements embody, however usually are not restricted to, the proposed work applications at Limousine Butte, and the exploration potential at Limousine Butte. Such forward-looking statements contain recognized and unknown dangers, uncertainties and different elements that might trigger precise occasions or outcomes to vary materially from estimated or anticipated occasions or outcomes implied or expressed in such forward-looking statements. Such dangers embody, however usually are not restricted to, basic financial, market and enterprise situations, and the flexibility to acquire all vital regulatory approvals. There’s some danger that the forward-looking statements is not going to show to be correct, that the administration’s assumptions might not be right or that precise outcomes might differ materially from such forward-looking statements. Accordingly, readers shouldn’t place undue reliance on the forward-looking statements. Any forward-looking assertion speaks solely as of the date on which it’s made and, besides as could also be required by relevant securities legal guidelines, the Firm disclaims any intent or obligation to replace any forward-looking assertion, whether or not because of new data, future occasions or outcomes or in any other case. Ahead-looking statements usually are not ensures of future efficiency and accordingly undue reliance shouldn’t be placed on such statements because of the inherent uncertainty therein.

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