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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 _Highlander_on Sep 13, 2017 8:26pm
148 Views
Post# 26693086

State of NUG today far exceeds Sept 2016

State of NUG today far exceeds Sept 2016On June 08 the price was at 30 cents CND,  and it dropped to a low of 16 cents, almost 50% on one completed hole, 3 failed holes at Avacado and some mediocre exploratory holes, while discouraging this didn't change the value of Avocado or the previous good grades else where at iceberg, this was just a situation where drilling will require more heavy duty equipment than expected, as the geology and depth is more challenging and the step out holes didnt hit the areas they hoped to.  Three months later, gold is almost up one hundred dollars, and they have expanded the property by a huge margin, adding confirmed gold intervals and significant lengths and grading in a number of new places and adding a coveted endothermic gold discovery in addition to the Carlin's, and yes endothermic deposits especially near surface ones are extremely desirable, and the shares are still off by 25% of that june price. Based on fundamentals NUG is in a far more stable has less risk and the addition of 5 million from Tocqueville gold in its war chest, than it did on Sept 27 2016 when it capped out at 54 cents, its still  almost 65% off that price.  Scardale has a price target of 55 cents and long term target of 1.62, i believe that may be re evaluated with the addition of VIO. I dont know about how all you feel, but given what has been achieved by this team, i have complete confidence they will continue to push this project to a success, the market will alway react knee jerk, but  keep the fundmentals in prespective. GLTA
Bullboard Posts