NuLegacy Gold Corp V.NUG

Alternate Symbol(s): NULGF

Metals & Mining Gold

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

NuLegacy Gold Corp > Latest Press Release July 13

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Comment by Awardedon Jul 13, 2021 5:41pm

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Post# 33539040

RE:Latest Press Release July 13

Total drilled in 3 holes = 11,000 feet
Of that, collar footage = 5,000 feet
Core footage = 6,000 feet
Footage warranting splitting and assay = 4,500

Thus 75% (45/60 x 100) of core is prospective and with some potential. That seems like a high percentage.

Does anyone with more experieince know whether this percentage is typical, disappointing, or encouraging?

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