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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

Post by Antmanon Jul 13, 2021 5:14pm
231 Views
Post# 33537333

Latest Press Release July 13

Latest Press Release July 13https://nulegacygold.com/news/news-releases/update-on-2021-exploration-program/

Main points....

 Of the total footage drilled (~11,000 feet) in these first three holes ~6,000 feet is core, of which logging identified ~4,500 feet of altered rock warranting splitting and assaying. These intervals were submitted for assaying between late May and the end of June. Under current conditions, labs are quoting assay turnaround time of 8 to 10 weeks. NuLegacy is expecting to receive gold assays for the first three holes by mid-August and reporting them as soon as fully interpreted by NuLegacy’s geological sta
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