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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 Feb 10, 2019 4:11pm
75 Views
Post# 29344244

RE:MIA

RE:MIA
Its already in the toilet, the market is giving them a 28 million USD, that already at the bottom for this land package, if some one wants to give away shares for less than that by all means, the market bought it up fast. The problem with them, is they gambled the treasury on wild catting, and I'm really not sure what went through their heads, hole 18SR was one of the best holes drilled in a JR last year, and instead of placing all your drill around that, which would have no doubt taken them into the 30 cent to 40 cent range, they placed some about 150 feet away and then went wild catting back up to avocado and the rift, the Rock report just seemed to be more of the same old, we can expand here or there. So the stock is at pre Barricks and Oceana levels, they need to finance and they need a real plan, having said this its still a good property and probably sitting of a million OZs now if they would define it.
Bullboard Posts