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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
Comment by elaelaon Jun 25, 2016 12:17pm
134 Views
Post# 24998326

RE:The best thing about today is that gold closed above $1,300

RE:The best thing about today is that gold closed above $1,300Hi Bill. This is where things can start to get exciting for NUG. I've been following the trading pattern in the last week. Looking to see if there was any spike in volume along with a spike in the sp. As of Wednesday morning we went from about .30 to a close of .35 yesterday. We did touch .36 yesterday but had a strong close at .35 Probably a lot had to do with the price of gold on the situation with Brexit. Although many gold stocks started of very strong yesterday, many ended up in negative territory. NUG stayed strong. I'd like to think the reason might be on the upcoming drill results, and not because of Brexit. We must not forget there will be 40 holes drilled, and the first results will be on the first 10 holes. Hopefully we get great results moving forward. If results are good, the sp could move very fast as, many shares are in private hands, and there are not many shares out there.
Bullboard Posts