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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 _Highlander_on Oct 11, 2017 1:45pm
111 Views
Post# 26800206

RE:RE:NuLegacy Gold Corporation Provides Guidance on Fall Explorat

RE:RE:NuLegacy Gold Corporation Provides Guidance on Fall Explorat
Readind the details

Serana
This new zone could connect with the North Iceberg deposit as a subsequent hole, IN17-5, a 100-metre stepout from the North Iceberg zone toward the Serena zone, returned an even better interval of 2.85 g/t gold over 21.3 metres including 4.6 metres of 9.76 g/t gold (as reported on Sept. 6, 2017).


Avacado
The analysis of the results to date suggests the next significant structure to be tested in the Avocado area should be the 500-metre gap between the West and East Avocado drilling. That structure appears to be parallel to or possibly an offset of the Iceberg fault. Two deep holes will be drilled into this half-kilometre gap in this fall's drill program.

Deep Iceberg
It is evident that the two holes drilled to test the Deep Iceberg IP (induced polarization) anomaly (which lies between and beneath the North and Central Iceberg zones) both intercepted the edge of a mineralized system. Both holes contained similar carbonaceous pyritic alteration in silty limestones that are present in the Avocado drill holes three kilometres to the north. The holes have abundant intrusions, calcite veining, and elevated levels of arsenic and antimony which are expected at the margins of Carlin-type gold mineralization

What im reading from this, the the Geology team suspects these part of one large connected deposit


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