NuLegacy Receives Additional Drill Permits RENO, Nev., Nov. 27, 2018 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation (NUG:TSXV / NULGF:OTC) is pleased to report that it has received final approvals from the Bureau of Land Management (BLM) of both its ‘Avocado’ Plan of Operations (POO) permit as well as its ‘Foothills’ Notice of Intent (NOI) permit.
With these permits approved the current 10-hole exploration program should be completed without delay and the planning of the 2019 exploration drilling program can commence once the assays from the fall program are in hand. Results from the fall program will be reported when all assays have been received and fully evaluated by our geological team.
The Avocado POO is a significant asset as the baseline studies that were completed for it are essential for the development of the Avocado. The POO is an environmental permit from the U.S. Bureau of Land Management (BLM), that covers 2,579 acres (4.1 sq miles) and will allow a major expansion of drilling activity. The larger disturbance allowance will give the Company more flexibility in planning and permitting the numerous drill sites required for the expansion and delineation of the Avocado gold deposit during the 2019 drill season and beyond.
Initially NuLegacy will provide bonding for the disturbance of 95 acres of the Plan area which should be more than sufficient to complete the anticipated 2019 exploration programs (details of which to be provided in a mid-March news release). NuLegacy had been exploring the Avocado under a Notice of Intent that limited surface disturbance to only five acres of total disturbance.
The ‘Foothills’ NOI allows for the drilling of the first two holes into this new target identified this season to the north-west of the Serena zone. Drilling of these holes will follow the completion of the “Deep Rift” test hole currently being drilled approximately 1,450 meters due west of the Serena zone. The Deep Rift hole is testing a target directly between the Long and Yankee faults at the intersection of the major northwest and east-west structural trends associated with Carlin-type gold systems.
Read more at https://www.stockhouse.com/news/press-releases/2018/11/27/nulegacy-receives-additional-drill-permits#P4ZCYSeS4eYzG13U.99