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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Comment by ukermannon Oct 06, 2016 9:45pm

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Post# 25320584

RE:RE:RE:RE:RE:RE:NuLegacy Gold arranges $9-million private placement

What gets lost on people here is the shear size of the property. 38 sq miles. Impressive number, but what does that mean. Well, if you multiply length by width you get the square area. So imagine driving 8 miles east to west, then another 5 miles north to south, you would have just driven half the boarder of the land holding. So double it, and you have driven the perimeter of an approximate 38 sq mile property. Lots of places where the grade can be hiding, takes a chunk of money to find it.

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