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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

Comment by Summerof69on Dec 15, 2023 5:52pm
270 Views
Post# 35787628

RE:RE:RE:RE:RE:Trading volume and price

RE:RE:RE:RE:RE:Trading volume and price

The company has stopped pumping but they have told us the first two holes are complete. Assays for the first hole are due Mid-December. Well, today is the 15th so have to think we will be getting the results early next week. Otherwise, why tell us we will be getting them before Christmas?

And the fact they told us assays for first hole will be out in mid-December seems to be a sign of confidence that result's may just surprise us longs. Otherwise, delay the results until end of January and release them with the second hole in the same release. Tell us lab delays are holding up assays just like every other company with disappointing assays uses for an excuse.

Again ... the odds are against them. But if a major gold deposit does lie in the deeps, each hole should have a better chance than the last at becoming the "discovery" hole. 

Christoper Herron did a thesis on vectoring towards Carlin deposits by following pathfinders to the source. Read the thesis. It's only 500+ pages long. And with Nancy Richter leading the exploration team, every hole gives them more information about where to drill next. If it's down there, they will find it. Just a matter of time and how much more dilution it will take. Once they hit, they will have all the money they could ever need thrown at them to delineate and see how big the deposit is.

Do your own due diligence first. And don't listen to me. I am a novice investor.

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