NuLegacy Gold Corp V.NUG

Alternate Symbol(s): NULGF

Metals & Mining Gold

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.

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NuLegacy Gold Corp

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Post by hankhenry44on Apr 08, 2016 1:19pm

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Post# 24745720

Cortez Trend

If you head NW from the NUG Iceberg deposit you pass over 3 large Barrick deposits.First, Goldrush +15 million oz. then Cortez Hills +15 million oz., then Pipeline +21 million oz. The next deposit is Coral Golds Robertson about 20 miles NW of Iceberg. This deposit is about 190 million tons of .45 gram gold for 2.7 million ounces of inferred resources.Only 48 million shares outstanding, 5 million dollar market cap.You can buy gold at less than $2 an ounce in the ground.I'm biased as I own shares in both NUG and CLH and like them both. DYODD

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