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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 BillSmith9on Jul 27, 2018 8:02pm
105 Views
Post# 28379882

Only about 2 weeks ago on July 12th, management responded-

Only about 2 weeks ago on July 12th, management responded-...to a concern about 1.73 million shares sitting on the Ask.  They responded promptly and this has been a news filled year so far.  I don't expect that will change.

At the time they responded, they were busier than I realized with the private placement, that now doesn't seem to be as orchestrated as I thought. It appears to be a bit of a challenge.

I have high expectations for NUG and watching it closely was making me nuts.  Especially as gold tries to find a bottom.  Gold bottoming would make the placement easier, and would let them release news into a more favorable climate.

I just reread James' response to an inquiry about drilling.  His reply was that drilling is ongoing, they would announce results after they have been received by NUG's Geological team in Reno, then fully evaluated and interpreted.

He was pretty forthcoming considering they were in the middle of a news blackout.

I see news!
Bullboard Posts