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NuLegacy Gold Corp.
Summary
| Project: | Red Hill | |
|---|---|---|
| Deposit: | Iceberg | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/3/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-11-2016: NuLegacy Gold Corp. announces an Exploration/Drilling Update report for its Iceberg deposit at the Red Hill project. Drilling results incl. 33.5m @ 0.51g/t Au from 102.1m. November 3, 2016 - Reno, NV - NuLegacy Gold Corporation reports assays f | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roger Steininger (Internal) | |
| ABSTRACT: | November 3, 2016 - Reno, NV - NuLegacy Gold Corporation reports assays from recently drilled reverse circulation holes in the Iceberg gold deposit within the Red Hill project. NuLegacy’s flagship project, the 38-sq. mile/98-sq. kilometer Red Hill property in Nevada’s famed Cortez trend, hosts multiple Carlin-type gold systems with multiple goldbearing horizons in one of the world’s premier gold mining jurisdictions. NuLegacy’s present focus is delineating the shallow Carlin-style oxidized gold mineralization within the Iceberg gold deposit, exploring the newly discovered Avocado deposit and testing the VIO and Jasperoid Basin prospects. “The gold mineralization in the Iceberg deposit has been encouraging through most of the drilling since 2012, and the newly discovered Avocado deposit looks to become a game changing addition to the project,” commented Chairman Albert Matter. The Avocado discovery: Drilling of the next hole in the Avocado deposit (core hole AV- 4) is underway. Based on the results from the two wildcat holes drilled into the Avocado (reported Sept. 13, and 20, 2016 - 199.7m of 0.26 grams/t in AV-2 and 25.9m of 1.05 grams/t in AV-3) and a review of the geo-physical data, the initial target depth is ~2,500- foot/760-meter. This will provide important stratigraphic information to help guide the vectoring of the next set of holes designed to test for the origination of the massive 655 foot/200 meter ‘bloom of ¼ gram gold’ reported in AV-2. Boart Longyear was contracted to drill this hole and expects to complete it early December; thus, we expect the assay results early in the New Year in time to utilize them to select sites and commence a three to five-hole Avocado exploration program in the spring of 2017. | |
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