NuLegacy Gold Corp V.NUG

Alternate Symbol(s): NULGF

Metals & Mining Gold

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.

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NuLegacy Gold Corp

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Post by BillSmith9on Jun 11, 2018 4:13pm

119 Views

Post# 28156337

Thank God for Barrick. Thank God for Oceana

...and the others.

Once the accumulation of shares by Barrick triggered a tender offer at 20%, odds are good, Oceana would respond with their own offer. No guarantee, but they are a substantial holder here and at GSV. Another story there today. There could be other suitors (NEM?) as well.

There's probably enough of the final picture showing here already that there could be a bidding war.

I hope. Tocqueville, other holders of size, and regular shareholders would be romanced.

Oceana didn't buy into two Nevada explorers to go home alone. Not sure, but I think they reaffirmed their GSV position today.

How do you see it?

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