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NuLegacy Gold Corp V.NUG

Alternate Symbol(s):  NULGF

NuLegacy Gold Corporation is a Canada-based exploration company focused on exploring for high-grade Carlin-style gold deposits on its premier 108 sq. km (42 sq. mile) district scale Red Hill property. The Red Hill is on trend/adjacent to three of Nevada Gold Mines' Carlin-type gold mines; the Pipeline, Cortez, and GoldrushII. Its Red Hill Property is located in the Cortez Gold Trend of north-central Nevada, United States (US). The Red Hill Property encompasses a total of 1,363 unpatented lode mining claims covering approximately 108 square kilometers (km2), of which 881 mining claims totaling approximately 68 km2 are owned, subject to certain underlying royalties, 100% by NuLegacy Gold Corporation and 482 claims comprising approximately 40 km2 are 100% controlled by NuLegacy pursuant to the Idaho Lease. Its Rift Anticline drill target (approximately 10 km2 within the 108 sq. km Red Hill property) has favorable Carlin-type gold system geology located within Nevada's Cortez gold complex.


TSXV:NUG - Post by User

Bullboard Posts
Post by BillSmith9on Feb 23, 2016 9:50pm
156 Views
Post# 24587739

Corporate Object five, from Chairman's Interview

Corporate Object five, from Chairman's Interview

Near-term objectives are to
1.Complete preparation and report on plans for the 2016 exploration program, in early March;
2.Commence our drill campaign when ground conditions are optimal, likely in April;
3. Enroll a senior miner / investor to finance remaining exploration, likely in June;
4. Prepare Iceberg's maiden NI 43-101 resource calculation, likely in August; and
5. Achieve a stock price that properly reflects the value that has already been created.

Objectives over the next 12-18 months are to complete the delineation of the Iceberg deposit and capitalize on its value through sale or merger with a capable gold producer.

Bullboard Posts