NevGold Corp. Reports High-Grade Gold-Antimony Discovery at Limousine Butte Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
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Source: Newsfilter
- High-Grade Discovery: NevGold has reported a significant high-grade gold-antimony discovery at its Limousine Butte Project in Nevada, with assays showing up to 23.01 g/t AuEq and 5.89% Sb, which is expected to enhance the project's mineral resource potential and drive future resource estimates.
- Expansion Drilling Results: The company's drilling at Resurrection Ridge has revealed a new oxide gold discovery 150 meters east of previous drilling, with assays indicating 1.03 g/t AuEq, further validating NevGold's geological model and likely attracting increased investment and interest.
- Ongoing Drilling Plans: NevGold plans to continue follow-up drilling in 2026 to expand the identified mineralization, having completed 30 drill holes to date, which demonstrates the area's mineralization potential and may lay the groundwork for future production.
- Strategic Importance: Antimony is classified as a critical mineral by the U.S., and NevGold's discovery not only strengthens its position in the domestic antimony supply chain but also holds significant implications for national security and the economy, especially amid global supply constraints.
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Analyst Views on PPTA
Wall Street analysts forecast PPTA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PPTA is 32.72 USD with a low forecast of 30.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 32.060
Low
30.00
Averages
32.72
High
40.00
Current: 32.060
Low
30.00
Averages
32.72
High
40.00
About PPTA
Perpetua Resources Corp. is a development-stage company. The Company operates through mineral exploration in the United States segment. It is primarily engaged in acquiring mining properties with the intention of exploring, evaluating, and placing them into production. The Company’s principal business is the exploration and subject to receipt of required permitting, redevelopment, restoration and operation of the Stibnite Gold Project in Idaho, the United States. Its Stibnite Gold Project is located in central Idaho, the United States, which lies over 100 miles northeast of Boise, Idaho, over 38 miles east of McCall, Idaho, and approximately 10 miles east of Yellow Pine, Idaho. Its mineral Stibnite Gold Project contains gold, silver, and antimony mineral deposits. It focuses to explore, evaluate, and potentially redevelop three of the deposits known as the Hangar Flats Deposit, West End Deposit and Yellow Pine Deposit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Perpetua Resources (PPTA) Stock Surpasses Analyst Target Price at $34.86
- Price Breakthrough: Perpetua Resources Corp (PPTA) shares recently traded at $34.86, surpassing the average analyst 12-month target price of $33.58, indicating optimistic market sentiment regarding the company's prospects.
- Analyst Reactions: As the stock exceeds the target price, analysts may either downgrade their valuations or raise their target prices, reflecting differing views on the company's improving fundamentals, which could influence investor decisions.
- Target Price Distribution: Among analysts covered by Zacks, target prices range from $30.00 to $40.00, with a standard deviation of $3.835, illustrating varying expectations for PPTA's future performance in the market.
- Investor Signal: The rise in PPTA's stock price provides investors with a strong signal to reassess the company, prompting them to consider whether the current valuation is justified or if it might be time to take profits.
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