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NuLegacy Gold Corp.
Summary
| Project: | Red Hill | |
|---|---|---|
| Deposit: | Avocado | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/13/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-9-2016: NuLegacy Gold Corp. announces an Exploration/Drilling Update report for its Avocado deposit at the Red Hill project. Drilling results incl. 199.7m @ 0.26g/t Au from 414.6m at Avocado discovery. September 13, 2016 - Reno, NV - NuLegacy Gold Corp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | September 13, 2016 - Reno, NV - NuLegacy Gold Corporation is pleased to report that the assay results from hole AV-02 confirm the Avocado IP/Resistivity anomaly hosts a Carlin-type gold deposit. This is the second Carlin-type gold deposit (Iceberg being the first) discovered within NuLegacy’s 100% owned 38 sq. mile Cortez-trend property (the Red Hill project) in Nevada. Hole AV-02, located 1,750 meters north-west of the Iceberg gold deposit, has discovered a massive bloom of gold grading 0.26 g/t over 199.7 meters (655 feet) including 24 and 35 meter intervals of 0.5-gram material, and 10 and 13 meter intervals of better than 1.0-gram material (details in table below). The gold mineralization is continuous from a depth of 415 meters to the bottom of the hole at 615 meters (200 m interval). Plan map link - http://nulegacygold.com/i/pdf/ppt/2016-09-06/2016- 09-NUGPPT-page-30.pdf "We are very encouraged by the results from Hole AV-02”, says Dr. Roger Steininger NuLegacy's CGO, "This is the second Carlin-type gold system we have confirmed on the property. It is at the same depth as Barrick Gold’s multi-million ounce Goldrush deposit just 9 km to the northwest and on trend with the Avocado and Iceberg depositsii . Compilation and reinterpretation of all available data is underway and additional IP geophysical lines are being surveyed to vector the next drilling for higher grade gold mineralization". | |
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