RE:RE:Latest Press Release July 13I think that is encouraging, since that's an average of 1500 feet of potentially meaningful core per completed hole. Fingers crossed for the results, though.
Full report:
NuLegacy provides update on Red Hill exploration
NuLegacy Gold Corp (C:NUG)
Shares Issued 588,852,453
Last Close 7/13/2021 $0.12
Tuesday July 13 2021 - News Release
Mr. Albert Matter reports
UPDATE ON 2021 EXPLORATION PROGRAM
NuLegacy Gold Corp. has provided an update on progress of its 2021 exploration program at the six-square-kilometre Rift Anticline target, part of its flagship 108 square km Red Hill exploration property in Nevada's Cortez gold-trend.
Drilling: To date three holes (RA21-01, 02 and 03) have been completed -- drilled, logged, split and submitted for assaying -- and three more (RA21-04, 06 and 08) are nearing completion.
As reported in our news release of April 13, 2021, reverse circulation drilling of hole pre-collars (to depths of 1,000 to 1,500 feet) began in late March, and the first two core rigs to drill core-tails to targeted depths arrived in mid-April and early May with the third arriving mid-June.
The completion of the first three core-tails (RA21-01, 02 and 03) to their targeted depths of 3,150, 3,975 and 3,885 feet respectively, took until mid-June. With hole depths averaging 3,600 feet (~1,100 meters) the persistently difficult ground conditions have proven challenging to drill. Supply chain disruptions have also caused some delays.
Logging, splitting, and assaying: 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 staff.
The three holes nearing completion (RA21-04, 06 and 08) will be logged, split, and submitted for gold assaying by mid-August.
Summary: Having identified compelling geochemical trends pointing towards a very large Carlin-style mineralized gold system within the Rift Anticline target as described in our news release dated April 27, 2021, a 12-hole drilling program to identify the mineralizing source is NuLegacy's main objective in 2021.
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance: All sampling was conducted under the supervision of the Company's project geologists and the chain of custody from the project to the sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every 20th sample.
The samples were delivered to American Assay Labs' preparation facility in Sparks, NV. On trend: NuLegacy Gold is focused on confirming high-grade Carlin-style gold deposits within the ~ 6 sq. km Rift Anticline target in the northwest corner of its flagship 108 sq. km (42 sq. mile) district scale Red Hill Property in the Cortez gold trend of Nevada.
The Rift Anticline target is located on trend and adjacentI to the three, multi-million ounce Carlin-type gold deposits (the Pipeline, Cortez Hills and Goldrush deposits) which are ranked amongst the world's thirty largest, lowest cost and politically safest gold mines and are three of Nevada Gold Mines' most profitable mines.III The similarity and proximity of these deposits in the Cortez Trend including Goldrush are not necessarily indicative of the gold mineralization in NuLegacy's Red Hill Property.II
As extracted from Barrick's Q4-2013 and Q1-2014 reports. As reported by Barrick, the Goldrush resource contains 8,557,000 indicated ounces of gold within 25.78 million tonnes grading ~10.57 g/t and 1,650,000 inferred ounces within 5.6 million tonnes grading ~9.0 g/t.
Dr. Roger Steininger, a Director of NuLegacy, is a Certified Professional Geologist (CPG 7417) and the qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects, responsible for approving the scientific and technical information contained in this news release.