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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

Post by Summerof69on Dec 13, 2023 11:12am
177 Views
Post# 35782166

… yes one hole with barn burner results would …

… yes one hole with barn burner results would …

... light a fire under the NUG share price. If the first hole (in for assays) delivers a long intersection of Carlin type gold grades, the share price will launch. Why just one hole? 


Because finding the meat of the deposit is the difficult part. Once you have one hole into the heart of the deposit, it really is just a matter of stepping out in all directions to see how big it is. 

Nancy Richter is quoted in the company's press release stating they should be able to deliver a discovery hole with this round of drilling. If not a discovery hole, they should gather enough information to allow them to vector to a potential deposit. Keep in mind, these are relatively small deposits but they are rich in high grade Au once you've tapped the source.

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