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NuLegacy Gold Corp V.NUG

Alternate Symbol(s):  NULGF

NuLegacy Gold Corporation is a Nevada exploration company focused on discovering additional Carlin-style gold deposits on its premier district scale 108 sq. km (42 sq. mile) Red Hill Property in the prolific Cortez gold trend of Nevada. NuLegacy’s Red Hill Property is located on trend and adjacent to the three multi-million ounce Carlin-type gold deposits (the Pipeline, Cortez Hills and Goldrush deposits) that are amongst Barrick Gold’s largest, lowest cost and politically safest gold mines.


TSXV:NUG - Post by User

Bullboard Posts
Post by _Highlander_on Feb 11, 2019 5:06pm
93 Views
Post# 29349463

So the news is this

So the news is this
They basically found nothing north and south of 18SR 02, but they need to exlpore to the west
Good news and its just a sniffet but the western slope has evidence of mineralization althought this was small

"WS18-01 returned an interval of 3.1 meters of 0.39 grams/ton gold within a fault zone within the Wenban formation. More importantly, upon careful re-interpretation of the geophysics (literally 'looking through the cracks in the basalts'), WS18-01 evidences that the structural components critical to hosting a major part of the Red Hill's Carlin-style gold systems has been hidden under the post-mineralization basalt flows well to the west of the Serena-Iceberg complex."

Nulegacy no doubt sits on something large, but it will require alot more drilling, not sure how the market will react to this tommorw, but my guess is we are in the bottom already at 28 million USD.  I expect Nug to bounce around the low teens for while.

GLTA

Bullboard Posts