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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 Jul 18, 2017 9:27am
113 Views
Post# 26480337

Can you say District Scale?

Can you say District Scale?Maybe.  

Now I know why Investor Relations did not reply.

One aspect of an attractive explorer is the discovery of gold, particularly in concentrations.  

But another very important aspect is to have a large enough quantity of mineable ore to justify a really large company like Barrick , Newmont, Oceana, to make a large long term investment in the infrastructure of a mine.  Power lines, water, equipment, perhaps a mill, sometimes huge conveyors, buildings, and so forth.

I claim no special expertise.

But it appears NuLegacy has added an entirely new anomoly to Iceberg and Avocado.

Today's announcement puts NUG a big step closer to offering a District Scale opportunity to a suitor.  

My two cents. is that this should be worth a lot more than two cents.


Bullboard Posts