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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 Summerof69on Dec 19, 2023 8:37am
176 Views
Post# 35791286

Might be surprised with the reaction to yesterday's news ...

Might be surprised with the reaction to yesterday's news ...... my guess is retail will be looking to sell the news from last night. 

But wouldn't surprise me if we hover at 2.5 to 3 cents for the next while waiting for hole 2 assays that for some reason have just been rushed.

For the doubters, read the CHristopher Herron thesis/abstract on Cortez Hills and the mineral footprint around it. The results released yesterday are significant such that if a Carlin type gold deposits exists at Red Hill, they could be proximal to the deposit and with a couple of hundred meters from drilling into the heart of the deposit. 

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