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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Post by daktarieon Apr 27, 2017 3:09am

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Post# 26172396

2017: YEAR OF ACCELERATION

2017: Year of acceleration

Exploration acceleration:

Initial 40 holes (~35,000 ft.) to be expanded on discovery success.
Drilling to determine size of Avocado and confirm newly identified Deep Iceberg anomaly.
Drilling to expand gold content of the established near-surface Iceberg deposits.
Drilling to explore VIO and Jasperoid Basin geophysical and chemical anomalies.
Expanding geophysical and geochemical surveys to generate additional drill targets outside currently confirmed mineralized areas.

Corporate endgame:

Establish multi-million ounce near-surface oxide gold resource within the 3-km long Iceberg deposit.
Expand gold endowment of newly discovered Avocado gold deposit.
Confirm additional Carlin-style gold deposits on NuLegacy's 98 sq. km district-scale property.
Sell to / merge with a qualified producer.

Milestones:

Consolidated 98 sq. km in the Cortez trend -- which hosts one of the largest gold endowments in the world.
Corporate governance team that includes three former senior Barrick Gold executives.
C$15.0 million in treasury; world class shareholders including OceanaGold, Barrick Gold, Tocqueville Gold fund.
Three of NUG's geo-team were instrumental in discovery of three of Barrick Gold's best performing gold mines.
Two confirmed Carlin-style gold deposits discovered to date; four more exploration targets.
End-April start to initial 10,500-meter (~40 holes) drilling; more geo-surveys to identify additional targets.