Nice Hi-GRADE NEWS out!NuLegacy Gold Corp Symbol C : NUG Shares Issued 141,453,879 Close 2015-05-06 C$ 0.13 Recent Sedar Documents View Original Document NuLegacy Gold drills 4.6 m of 25.2 g/t Au at Iceberg 2015-05-07 06:03 ET - News Release Mr. James Anderson reports NULEGACY REPORTS HIGH GRADE ICEBERG DRILLING RESULTS NuLegacy Gold Corp. has released assay results from the first six of the 24 holes planned for the $1.3-million (U.S.) 2015 drilling program that will complete the earn-in to a 70-per-cent working interest in the expanding Iceberg gold deposit, Elko county, Nevada. Highlights: Please follow this link https://nulegacygold.com/s/2015-Drill-Program.asp to view plan map showing these holes in relation to prior drilling. North zone - Hole RHB-040 has materially expanded the higher grade gold mineralization previously identified in the North zone of the Iceberg deposit. It intersected two gold bearing horizons one with a significantly high assay result of 25.2 grams of gold/tonne (0.8 troy ozs) over 4.6 meters within 41.2 meters (135ft.) of 3.9 grams/tonne that may represent the high grade horizon that we have been targeting. These results were verified by check-assays. This long high-grade interval occurs in the Wenban stratigraphic unit that hosts the bulk of the higher grade material in Barrick's 15.5 million ounces Goldrush deposit(v) adjacent to the north-west of the Iceberg gold deposit(iv). The interval is in a silicified breccia, and is completely oxidized. This is the third and best hole to intersect this 'key' mineralized horizon in the North zone. We will be following up with a step-out from RHB-40 in the June series of holes. "This result indicates the Iceberg gold deposit is a very robust Carlin-type gold system and significantly expands its exploration potential," said Alex Davidson, NuLegacy director and former head of global exploration for Barrick Gold Corporation. Central zone - All three holes drilled in the Central zone returned impressive intervals of good grade gold mineralization. RHB-41 & 42 (Central zone - north end) - both of these step-out holes were targeted to and intersected multiple and thick gold-bearing horizons thus confirming gold-horizon continuity and successfully expanding the Iceberg deposit's Central zone boundary to the north. And the Central zone is confirmed to be wide open to the south as Hole RHB-43 (the most southerly of the three) returned a lengthy 51.8 meter interval (170 ft.) of 0.52 grams of gold/tonne in the Horse Canyon-Wenban8 contact zone directly under a "too shallow" historic drill hole. This opens the south extension of the Central zone for substantial expansion. Assay Details - Hole Iceberg From To Length Grade Horizon number zone (m) (m) (m) (ft.) (g/t) RHB-39 North 83.9 86.9 3.0 10 0.84 HC contact RHB-40 " 59.5 68.6 9.1 30 0.82 " and " 97.6 132.6 41.2 135 3.91 Wenban including " 118.9 131.1 12.2 40 10.95 " including 121.8 126.4 4.6 15 25.21 " RHB-41 Central 24.4 30.5 6.1 20 0.53 Volcaniclastics and " 48.8 56.4 7.6 25 0.52 " and " 96.0 132.6 36.6 120 0.55 HC Contact RHB-42 " 99.1 123.5 24.4 80 0.67 HC Contact including " 115.9 120.4 4.5 15 1.34 " RHB-43 Central 68.6 74.7 6.1 20 0.40 Volcaniclastics and " 97.6 149.4 51.8 170 0.52 HC Contact Including " 134.0 147.7 13.7 45 1.24 " RHB-44 South 44.2 45.7 1.5 5 1.13 Volcaniclastics South zone - Hole RHB44 was a step-out to the east and while with a modest assay result it does confirm that the South zone has some lateral extent. With the limited drilling in the South zone to date geological studies are in progress to define additional drill targets. Summary: The important aspects of these results are confirmation that: -- the Iceberg deposit hosts the classic Carlin-type very high-grade gold mineralization and, -- has significant quantities of gold in three gold-bearing stratigraphic horizons that are all within 200 meters of surface; the overlying older volcaniclastics (predominantly in the central and southern zone), the contact zone between the Horse Canyon and upper Wenban-8 formations (all three zones), and the middle Wenban5 limestone formation (more prevalent in the north zone). "Our investment in the 7 core holes drilled last fall(i) is paying off, said Dr. Roger Steininger, 'as it greatly advanced our understanding of the stratigraphic controls and structural influences on the gold mineralization in the Iceberg deposit. This has improved our ability to target the higher grade breccia-hosted gold mineralization, which significantly is close enough to surface to have been oxidized as well." The 2015 exploration program will total approximately 17.5 thousand feet (5,300 meters) of drilling through to the end of August 2015. The next set of six holes are being completed and assays are expected in early June. Reverse circulation drilling is being conducted by Major Drilling of Salt Lake City, Utah under the supervision of David Mallo, Exploration Manager and Dr. Roger Steininger, COO (CPG 7417). Samples were analyzed by American Assay Labs of Sparks, NV. Sufficient commercially prepared standards, blanks, and duplicates were inserted to assure quality analytical results. Data verification of the analytical results included a statistical analysis of the duplicates, standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results. The reported gold intervals may or may not represent true thicknesses and/or widths as there is insufficient data at this time with respect to the shape of mineralization to calculate its true orientation. Dr. Roger Steininger, NuLegacy's chief operating officer is a Certified Professional Geologist (CPG 7417) and the qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects responsible for preparing and reviewing the scientific and technical information contained in this news release We seek Safe Harbor. © 2015 Canjex Publishing Ltd. All rights reserved.