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NuLegacy Gold Corp.
Summary
| Project: | Red Hill | |
|---|---|---|
| Deposit: | Iceberg | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 7/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-7-2017: NuLegacy Gold Corp. announces an Exploration/Drilling Update report for its Iceberg deposit at the Red Hill project. Drilling results incl. 85.4m @ 0.64g/t Au. July 25, 2017 - Reno, NV – NuLegacy Gold Corporation reports that it has discovered | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Steininger (Internal) | |
| ABSTRACT: | July 25, 2017 - Reno, NV – NuLegacy Gold Corporation reports that it has discovered a material new gold zone in a ‘wildcat’ step-out hole 375-meters (1,200 feet) west of the North zone of the Iceberg gold deposit. Location link: http://nulegacygold.com/i/pdf/GT072117.pdf. “This new discovery is hosted in a long interval of the very favorable Horse Canyon formation located in a northwest striking cross-faulted structure (Location link), both of which are classic characteristics of the major gold deposits of the Cortez-trend, such as the neighboring Goldrush, Cortez Hills, and Pipeline deposits,” said Derick Unger, Chief Geologist for NuLegacy Gold. The target drilled in IN17-03 is at the structural intersection of the east-west striking Long fault and the recently located northwest striking “West Iceberg” fault located 500 meters west of and parallel to the Iceberg fault. The West Iceberg fault (not the be confused with the recently discovered Western Slope fault/anomaly some 500 meters further west - reported July 18, 2017) was identified in gravimetric and magnetic geophysics surveys and confirmed by recent CSAMT geophysics surveys. NuLegacy will promptly locate and drill several follow-up holes to better assess the magnitude of this discovery. As stated in our NR of Feb 28, 2017 NuLegacy’s objectives for the spring/summer exploration program has been drilling ‘wildcat’ holes into several remote possibly high impact targets, as well as conducting extensive geophysical and geochemical surveys throughout the 98-sq. km (38-sq. mile) Red Hill property to find additional gold deposits (beyond the Iceberg); this new discovery is one of the results of that ongoing effort. | |
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