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Highlights
- EV Resources has confirmed gold assays of up to 3.88 g/t at the Dollar Project, validating earlier exploration results through independent verification.
- High-grade polymetallic mineralisation has been identified across Nevada assets, including antimony, copper, and silver at both Dollar and Milton projects.
- A systematic soil geochemistry program has been completed, with assay results expected within five to seven weeks.
- Upcoming assay data will be integrated with structural analysis to define priority drill targets for a maiden Nevada drilling campaign.
- The company’s Nevada portfolio is aligned with efforts to support US domestic supply of critical minerals, alongside near-term production plans in Mexico.
EV Resources (ASX:EVR) has reported exploration progress across its Nevada assets – Milton and Dollar projects, with verified gold assays and recently completed field programs supporting the advancement of drill targeting at its high-grade polymetallic projects.
Gold Verification Strengthens Dollar Project Outlook
The company has confirmed gold assay results of up to 3.88 grams per tonne at its Dollar Project following fire assay verification by ALS Laboratories. The confirmation validates earlier findings and establishes the project as a high-grade polymetallic system.
Earlier reconnaissance sampling at Dollar reported 15.05% antimony, 17.8% copper, and more than 10,000 parts per million silver. The verified results reduce prior analytical uncertainty, support the geological model and will guide the next stage of exploration, particularly as the company moves toward targeted drilling.
At the Milton Project, previous assay results included up to 9.82% antimony and 24.00% copper, indicating mineralisation strength across the portfolio.
Field Programs Advance Across Milton and Dollar Projects
A systematic soil geochemistry program has been completed across both the Dollar and Milton projects. The program focused on polymetallic vein systems identified during initial site visits and was designed to map potential extensions of known mineralised zones.
Assay results from this program are expected within five to seven weeks. Once received, the data will be integrated with structural interpretations to define high-priority drill targets for the company’s maiden drilling campaign in Nevada.
Strategic Focus on US Critical Minerals Supply
EV Resources’ Nevada assets are positioned within a broader strategy to support domestic supply of critical minerals in the United States. Antimony, copper, and silver are all included on the US Government’s critical minerals list due to their importance in defense technologies and energy systems.
With global supply of antimony largely concentrated in China and Russia, the development of US-based sources has become increasingly significant. EVR’s projects are located in established mining regions, including proximity to existing operations such as the Round Mountain gold mine.
The company’s near-term production capabilities at its Tecomatlán processing plant in Mexico, expected to be operational by the end of 2026, is expected to address immediate global supply shortages.
Upcoming Catalysts
Additional near-term developments include geophysical survey results from the Lirios project, assay results from a phase-one drill program, and commissioning progress at the Tecomatlán processing facility.
EVR shares were trading at AUD 0.01 per share at the time of writing on 22 April 2026.
