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Nevgold Corp ( (TSE:NAU) ) has shared an update.
NevGold reported further strong oxide antimony-gold drill results from its Limousine Butte project in Nevada, highlighted by an intercept of 1.93 g/t gold equivalent over 100.6 meters from surface at Resurrection Ridge, including 1.11% antimony over 6.1 meters. Additional infill and step-out drilling at Resurrection Ridge and Cadillac Valley, along with re-assays of historical holes, are aimed at upgrading the geological database and expanding the mineralized footprint for an upcoming maiden antimony-gold resource estimate.
The company plans to complete its first antimony-gold mineral resource estimate in the second quarter of 2026 as a key step toward starting near-term antimony production from historical gold leach pads by 2027, while continuing broader project development through more drilling, metallurgical test work and engineering studies. By leveraging the project’s simple oxide, leach-based processing and existing brownfield infrastructure, NevGold is seeking to position Limousine Butte as one of North America’s higher-grade, near-surface antimony assets and a potential contributor to a vertically integrated U.S. antimony supply chain.
The most recent analyst rating on (TSE:NAU) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Nevgold Corp stock, see the TSE:NAU Stock Forecast page.
Spark’s Take on NAU Stock
According to Spark, TipRanks’ AI Analyst, NAU is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and accelerating cash burn) and an unattractive earnings-based valuation (negative P/E with no dividend support). These are partially offset by strong technical strength, with the stock trading above key moving averages and showing positive momentum.
To see Spark’s full report on NAU stock, click here.
More about Nevgold Corp
NevGold Corp. is a Vancouver-based mineral exploration company focused on advancing its Limousine Butte antimony-gold project in Nevada. The project is a brownfield mine site with near-surface, oxide mineralization amenable to leaching, positioning the company to target both antimony, a U.S.-designated critical mineral with strategic and military importance, and heap-leachable oxide gold for future production and cash flow.
Average Trading Volume: 1,047,345
Technical Sentiment Signal: Buy
Current Market Cap: C$239.5M
See more data about NAU stock on TipRanks’ Stock Analysis page.