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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 Feb 28, 2017 12:20pm
197 Views
Post# 25905776

More ways to win. Now things get interesting!

More ways to win. Now things get interesting!Among the ways to win:
Expansion of the Iceberg deposit in footprint, ounces per ton, or depth "deep iceberg".
Define and expand Avocado deposit in size or ounces per ton.
Explore the VIO & Jasperoid Basin anomolies.
It sounds like they may try to add to their property acreage.

And my favorite:  Add another player to the poker game:
"Enrolling a third industry partner to provide additional competitive tension; although NuLegacy has sufficient cash (C$15.0 million) to fund the next two years' work programs, management believes it would be good risk management to take advantage of an industry partner financing opportunity at higher prices to gain the financial independence required to achieve the stated objectives."
If you don't recall the effect adding a partner or their investment can have at any time, see the chart here:
https://www.nulegacygold.com/s/OurStory.asp


Bullboard Posts