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 _Highlander_on Feb 11, 2019 5:06pm
97 Views
Post# 29349463

So the news is this

So the news is this
They basically found nothing north and south of 18SR 02, but they need to exlpore to the west
Good news and its just a sniffet but the western slope has evidence of mineralization althought this was small

"WS18-01 returned an interval of 3.1 meters of 0.39 grams/ton gold within a fault zone within the Wenban formation. More importantly, upon careful re-interpretation of the geophysics (literally 'looking through the cracks in the basalts'), WS18-01 evidences that the structural components critical to hosting a major part of the Red Hill's Carlin-style gold systems has been hidden under the post-mineralization basalt flows well to the west of the Serena-Iceberg complex."

Nulegacy no doubt sits on something large, but it will require alot more drilling, not sure how the market will react to this tommorw, but my guess is we are in the bottom already at 28 million USD.  I expect Nug to bounce around the low teens for while.

GLTA

Bullboard Posts