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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 Aug 29, 2018 7:19pm
92 Views
Post# 28539276

A little bit of news

A little bit of newsI wrote Frank in Investor Relations and it bounced back.  I suppose they are spending money on geologists, instead of IR.  I know no details.

So I re-sent the questions to questions to James Anderson and he promptly replied.

After  I congratulated him for Serena, he congratulated my NUG position.  I meant to ask if his wife's parents own shares.  Heh, heh, heh.

There are no holes left to be reported from the Spring, Phase l, or Serena.

He did not recall an August 18th interview with Korelin. [?]  But he said he did one today with Cory Fleck of Korelin, that he thinks will be released this weekend.

As far as drills turning, that will happen on or about September 15th.  Expect an announcement.

He named a few funds out of Europe that have invested, and asked me not to post on Stockhouse.

James declined to answer whether there were other institutional deals being worked on.  Would not say if several, a handful, a dozen, or scores, or if Miners or Funds.  ...It's like asking a pretty girl to dance.  She might say yes.

In the past James has alluded to numerous funds watching & interested if our price/market cap moves up a bit.  I don't know how much higher.  GSV has many institutional fund investors, plus Oceana & GoldCorp.

Six geologists participated in the private placement, including three on the Board of Directors.  Ed Cope is a geologist, as is Roger Steininger.  I tbelieve Alex Davidson would be the third one.  

Who do you think the three staff geologists were that put roughly $150,000 in were?

Finally I asked him for a ballpark estimate of news releases between now and the results of fall drilling, and he chose to pass.  

Experience shows they try to do one or maybe two news releases every month.

I think the fuse stays lit.
Bullboard Posts