Exploratory hole AV-03 is probably 700-800 meters East... ...of the recently reported hole AV-02. Results of AV-03 are due shortly, with a good chance next week. The significance of that distance to me is that it seems a big step in the 1000 x 2500 meter elliptically shaped Avocado deposit. Hole AV-02 is roughly centered in the ellipse, with 1250 meters on either side. Upcoming AV-03 is more than half the approx. 1250 meters toward the Eastern boundary of the deposit, no baby step. When you review the map in the Powerpoint slide linked below, notice the Avocado deposit is roughly the size of the combined North & Central Zones of the Iceberg deposit. Nice.
In the interest of full disclosure, note there is a Sedar report that Director Alex Davidson sold 200,000 NUG shares in the past few days, of his roughly 1.6mm shares, for roughly .4225 $CA. That's about 1/8th of his holdings (excluding any options) so I didn't asign any huge significance to it. Note, Officers and Directors have very tight windows when they can buy and sell, due to blackout periods around the frequent news releases. Proceeds before any taxes, about $84,500 $CA. I have no idea if he has kids in college, but Grad. School Out-of-state tuition at the Colorado School of Mines would consume most of that, with some left for beer.
On that note: Rest in Peace, Joe Coors. Raise a glass to Joe.
https://nulegacygold.com/i/pdf/ppt/2016-09-06/2016-09-NUGPPT-page-30.pdf