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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 ukermannon Oct 02, 2017 3:53pm
59 Views
Post# 26767828

RE:There will be more news on Serena, but when?

RE:There will be more news on Serena, but when?Not so sure there are any more drills outstanding. In the "Convergence Zone news release of Sept 6, the last paragraph stated the following:

We are awaiting assays from eight more wildcat holes drilled in various parts of the property targeting geophysical and geochemical anomalies; significant results from these holes will be released after they are received and fully processed by our geological team. Three additional holes drilled to step-out from the North zone returned only anomalous values of gold.  Drilling to further define and expand the gold content of the Iceberg gold deposit will resume in late September.

A week later in the Vio release, they focus on the two holes that are giving us hope, then later in the release they said this:

Drilling to further define these recent discoveries and expand on the gold content of the Iceberg gold deposit will resume in the fall. Three wildcat holes were also drilled into the Jasperoid Basin area and four into other geophysical and geochemical targets mostly west and southwest of Iceberg’s central zone. These holes contained either ‘anomalous’ gold values or ‘no significant gold values’; holes with anomalous values may be followed up on later.

So, I'm assuming that the holes they speak of as still awaiting assays in the Sept 6 release, are the same they they got back for the Sept Vio release. If true, i believe this accounts for all the Summer wildcat drills, and we are now just starting our Fall drill program around the Iceberg/Serena area. Those we won't "see" until mid- end November. Comments???
Bullboard Posts