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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 Jul 18, 2018 12:43pm
134 Views
Post# 28333445

RE:$50mill Market Cap

RE:$50mill Market CapThe market doesn't really get whats happening here, they keep comparing it to GSV with a higher concentrated but a smaller deposit.  NUG has a much larger but currently lower graded system, although i expect the grading to continue to increase.  Markets pay attention to the vertical lengths, and fail to grasp the horizontal. When you have 1.5 grams over 50 meters and 2. grams over 32 meters and they are separated by 150 meters, you have the likelihood of a 1 per ton or more over 150 meters horizontally. Yes its undervalued, if Corvis golds epithermal is valued at 200 million, then NUGs Carlin system should be at that price or more, given the Carlin's are far more lucrative to mine  GLTA
Bullboard Posts