Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Jan 17, 2019 1:44pm
190 Views
Post# 29246813

Am I using the wrong calendar?

Am I using the wrong calendar?

Highlander and others, I hold you in the highest regard.  That could change.  Please excuse my occasional daydreams.  Nor do I mean to argue.

A quick aside.  Does anyone know the US Government shutdown's effect on mining, drill permits, and such?   No interest in politics here.  I expect mining is impacted most by the Depts. of Interior & Agriculture.

Now let's look back at the calendar.  In the best of  weather, six weeks after drilling commences is when you might start to see assays. I imagine frozen drill bits slow things, snow or not.

In the November 27th press release they said:  "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.

Earlier, on November 13th, they said two drill rigs were turning.

Could I be applying the wrong calendar/timetable?  Easily.

Wer're between 8 & 9 weeks out from Nov. 13th.  We're 7 weeks out from Nov. 27th.

Since they said no news until all holes are complete, assayed, & analyzed.  Instead of time passed since the start of drilling, I/we need to focus on the end of drilling. 

If they hit a big one, would they release it early?  I wonder.

A meaningful estimate is probably impossible.  

If drills turned until year-end, it could be February.
 

Bullboard Posts