Vancouver, British Columbia — February 18, 2026 — Leads & Copy —
NevGold Corp. has announced the discovery of high-grade oxide gold-antimony at the “Armory Fault” within the Bullet Zone at its Limousine Butte Project in Nevada.
The company (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) said the discovery is a key development in defining the structural controls of mineralization at the Bullet Zone. All drillholes at the Bullet Zone from the second half of 2025 intercepted oxide gold-antimony mineralization, expanding the mineralization footprint at the Project.
NevGold is focusing on dual track project development by advancing the antimony production scenario from the historical gold leach pads at surface, while drilling the Project to define an initial gold-antimony Mineral Resource Estimate (“MRE”).
Key highlights of the discovery include:
The “Armory Fault” discovery identifies a key structural control of high-grade mineralization at the Bullet Zone with oxide gold-antimony of 8.51 g/t AuEq* over 10.6 meters (8.11 g/t Au and 0.10% Sb), within 2.32 g/t AuEq* over 86.8 meters (1.94 g/t Au and 0.10% Sb).
LB25-017 Lower Zone (step-out, new “Armory Fault” discovery): 12.34 g/t AuEq* over 3.0 meters (11.95 g/t Au and 0.10% Sb) within 8.51 g/t AuEq* over 10.6 meters (8.11 g/t Au and 0.10% Sb), within 2.32 g/t AuEq* over 86.8 meters (1.94 g/t Au and 0.10% Sb); the hole terminated in 8.25 g/t oxide Au, with the highest interval up to 12.80 g/t oxide Au due to drilling conditions.
LB25-017 Upper Zone (step-out, expansion of near-surface high-grade oxide antimony-gold): 5.46 g/t AuEq* over 3.1 meters (0.82% Sb and 2.27 g/t Au) within 3.14 g/t AuEq* over 9.2 meters (0.48% Sb and 1.27 g/t Au) within 1.59 g/t AuEq* over 21.3 meters (0.25% Sb and 0.61 g/t Au) starting at 4.6 meters; high-grade antimony is concentrated along the low-angle thrust fault under the “upper plate dolomite”.
LB25-016 (step-out, adds over 50 meters north of mineralization footprint): 1.25 g/t AuEq* over 10.7 meters (0.63 g/t Au and 0.16% Sb), within 0.66 g/t AuEq* over 30.5 meters (0.31 g/t Au and 0.09% Sb).
*Gold equivalents (“AuEq”) are based on assumed metals prices of US$3,000/oz of gold and US$40,000 per tonne of antimony, and assumed metals recoveries of 80% for gold and 75% for antimony.
According to the release, the “Armory Fault” is transformational to the Project as it identifies structural controls of high-grade oxide gold-antimony mineralization.
NevGold reported that no prior operators of the Project ever drilled into the Bullet Zone area, and all drillholes at the “Bullet Zone” discovery have intercepted oxide gold-antimony mineralization below the older thrusted upper dolomite unit.
The new NevGold geological model is validated with the discovery of the “Armory Fault”, and step-out drillholes add upside to the gold-antimony MRE potential.
The 2026 drilling will focus on rapidly testing this new high-grade gold-antimony discovery.
The company has completed 30 holes in the current 2025-2026 drill program with 12 holes pending release.
Antimony is one of the highest priority Critical Minerals due to its strategic importance and military applications; Limo Butte is a brownfield mine site located in Nevada with near-surface, high-grade antimony mineralization.
NevGold said it will continue its active exploration program at Limo Butte including: evaluating the historical geological database with focus on gold and antimony; advancing metallurgical testwork; continuing to drill test gold-antimony targets; advancing the Crushed and Run of Mine (“ROM”) leach pads toward near-term antimony production; and completing an initial gold-antimony Mineral Resource Estimate (MRE).
NevGold CEO Brandon Bonifacio said the discovery of the Armory Fault at the Bullet Zone identifies a structural control of high-grade oxide gold-antimony mineralization. Bonifacio added that the company’s geological model testing the “under the upper dolomite” target concept has been validated as it has intercepted gold-antimony mineralization in every single drillhole at the Bullet Zone. He said that this target model can be replicated project-wide.
NevGold is an exploration and development company targeting mineral systems in Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.
Source: NevGold Corp.
