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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 BillSmith9on Jun 20, 2017 4:06pm
187 Views
Post# 26384311

RE:rookies

RE:rookiesOceana and Barrick are excited about 2017. There are currently three drills turning at the property and an opportunity exists to be involved with NuLegacy. Regarding today’s press release also though the results on this first set of assays could be described as just ok we must remember these initial assays are from considerable distances from the known mineralization thus the hunt for the elephant deposits NUG is looking for. Gold was encountered in numerous exploration targets and more importantly near surface gold. The market does seem to always get excited at large numbers but one must look at the big picture here. NuLegacy could have played it safe and drilled known mineralization but their major shareholders or for that matter most of their shareholders are looking for expansion as well as definition of the deposit. The Company has some 30- 35 holes to go for this drill program and excitement levels remain high. Though we may have preferred more favorable results with these assays they do help define the overall system at Red Hill.
Bullboard Posts