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NuLegacy Gold Corp.
Summary
| Project: | Red Hill | |
|---|---|---|
| Deposit: | Serena | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-8-2018: NuLegacy Gold Corp. announces an Exploration/Drilling Update report for its Serena deposit at the Red Hill project. Drilling results incl. 8.7m @ 16.92g/t Au from 283.7m. August 27, 2018 - Reno, NV - NuLegacy Gold Corporation reports the result | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Derick Unger (Internal) | |
| ABSTRACT: | August 27, 2018 - Reno, NV - NuLegacy Gold Corporation reports the results of drill holes from its summer exploration program on the company’s 100% owned, 38 sq. mile, Red Hill property located in the Cortez gold trend of north central Nevada. Serena Zone: Drill hole SR18-02C, a -70º angle core hole drilled as a 100-meter step-out to the west of the currently defined Serena zone, encountered 8.7 meters of 16.92 grams/ton gold within a broader interval of 22.1 meters grading 6.59 grams/ton gold starting at a vertical depth of 258 meters. “This is an outstanding result for several reasons,” said Ed Cope, NuLegacy director (former VP of Exploration-North America at Barrick Gold), “It signals that the Serena zone is wide open to the west, towards the geophysically well-defined Western Slope anomaly that has minimal previous drilling. Secondly, the grade is excellent, and reminiscent of the grades Barrick found while drilling Goldrush several years ago. And finally, it is proving the concept that following newly recognized “mineralizing” low angle fault structures to the west to where they intercept the best stratigraphic host rocks is working – and we will continue to refine this work in the fall.” | |
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