For thousands of other reports visit RSC's Mineral Intellingence Map
NuLegacy Gold Corp.
Summary
| Project: | Red Hill | |
|---|---|---|
| Deposit: | Avocado | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-6-2017: NuLegacy Gold Corp. announces an Exploration/Drilling Update report for its Avocado deposit at the Red Hill project. Drilling results incl. 24.3m @ 0.35g/t Au from 115.9m. June 20, 2017 - Reno, NV – NuLegacy Gold Corporation’s 2017 exploration | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Steininger (Internal) | |
| ABSTRACT: | June 20, 2017 - Reno, NV – NuLegacy Gold Corporation’s 2017 exploration campaign (10,500m, 33,500ft, +/- 40 drill holes) is designed to test high priority drill targets in new areas on the company’s 38 square mile/98 square km Red Hill property in the Cortez gold trend of Nevada. A number of these geochemical and geophysical targets are at considerable distances from the known mineralization of the Iceberg gold deposit, and therefore have a high risk/high reward profile. Early results vary from reasonable (circa Iceberg deposit gold grade range of 0.9 to 1.1 gram/ton) to modest intervals of anomalous gold. Management continues to be encouraged that every drill hole in every area drilled to date encounters gold mineralization. Avocado: Difficult drilling conditions in the Avocado deposit area have slowed the progress of the Company’s spring/summer drill program. The deep RC rig mobilized in April has completed just two holes into the West Avocado and one hole into the East Avocado. These three holes have returned broadly anomalous gold intervals; drilling of the fourth hole has been cased to its approx. 1,400-foot depth pending completion by a core rig to the targeted 2,100-foot depth. Upon receipt of the trace element analyses and detailed logging of these holes an interpretation will be developed to guide additional drilling at Avocado. NuLegacy is a Nevada exploration company focused on discovering additional Carlin-style gold deposits on its premier district scale 98-sq. km (35 sq. mile) Red Hill Project in the prolific Cortez gold trend of Nevada. To date NuLegacy has discovered the Icebergi and the Avocado Carlin-style gold deposits and has identified four more highly prospective exploration targets to be drilled this year. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report