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NuLegacy Gold Corp.
Summary
| Project: | Red Hill | |
|---|---|---|
| Deposit: | Avocado | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-2-2017: NuLegacy Gold Corp. announces an Exploration/Drilling Update report for its Avocado deposit at the Red Hill project. Drilling results incl. 42.5m @ 0.56g/t Au from 403.4m. NuLegacy Gold Corporation reports the assay results from the stratigraphi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Steininger (Internal) | |
| ABSTRACT: | NuLegacy Gold Corporation reports the assay results from the stratigraphic core hole drilled during the 2016 winter exploration program (AV-4C). The Avocado Stratigraphic Twin: In preparation for the 2017 follow-up drilling program to the discovery of the Avocado gold deposit in the fall of 2016, the stratigraphic core hole AV-4C was drilled as a ‘twin’ to the reverse circulation (RC) discovery hole AV-2 (as reported Sept. 13, 2016). The 2,038-ft. core hole twin (AV-4C) was completed on Dec. 3, 2016 just 65 ft. east of the AV-2, which in itself is quite a feat (accomplished by Boart Longyear) as the ground was extremely fractured and presented difficult drilling conditions. The assay results and the stratigraphic analysis of AV-4C (as outlined below) indicate the next set of holes should be drilled to the north and north-west of AV-2 and AV-4C (View plan map at http://nulegacygold.com/i/pdf/AVplanmap.pdf) in pursuit of the higher-grade source of the 655 ft. bloom of 1/4 gram gold encountered in AV-2. This will be the first target this spring with an initial 10,000 ft. (five [RC] holes) drilling program. A more comprehensive report on all the Avocado drilling (four holes so far) with maps and cross sections is being prepared by the geological team under the guidance of NuLegacy’s Chief Geoscience Officer, Dr. Roger Steininger. It should be available in early March on NuLegacy’s website in the section titled “Chief Geoscience Officer Speaks.” A review of all of the Company’s 2016 exploration programs, along with a preview of the program planned for 2017, will be presented in late February. | |
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