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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 Jun 11, 2016 11:56am
209 Views
Post# 24957062

RE: Quiet Board

RE: Quiet BoardFirst, don't miss Stockhouse's feature on NUG, linked in the post just before this one.
NUG is better than most at keeping shareholders informed, which I appreciate. Still, there are quiet periods. To get a rough sense of when we may receive news, I looked at last year's drilling announcements, which is only roughly comparable.
Drilling started on March 31, 2015, versus May 19 this year. First results were announced last year on May 7th (37 days), June 11th (72 days), June 23rd (84 days),  August 26th (148 days), and Sept. 30th (183 days). Of course it isn't that simple.
But to compare, this year starting May 19th, we might see news around Sat. 6/25; Sat. 7/30; Thu. 8/11; Fri. 10/14; & Fri. 11/18.
I doubt we get any news on Saturdays. But, 37 days is a bit over a month, 72 days is about double that, and 84 days was soon after that, -under 3 months. Then, it was nearly 5 & 6 months after drilling started.
The take away might be that there could be news almost monthly, and first results may not be far off.
Bullboard Posts