Business
NuLegacy Connects North Iceberg and Serena Zones
RENO, Nev., Jan. 18, 2018 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation (TSX-V:NUG) (OTC:NULGF) reports further results from its Serena and North Iceberg Zones
About this update from Nulegacy Gold Corporation
[{"type":"text","content":"RENO, Nev., Jan. 18, 2018 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation (TSX-V:NUG) (OTC:NULGF) reports further results from its Serena and North Iceberg Zones as part of its 16-hole fall drill program. Serena holes SR17-06 and SR17-08c have essentially connected the Serena zone with the North Zone. One of the many successes of NuLegacy’s 2017 drilling program was the discovery and subsequent expansion of the previously unexplored Serena zone. Now nearly 300 meters by 200 meters of continuous mineralization averaging ~1.00 grams/t gold the Serena Zone remains completely undrilled to the North and West. The several high-grade intervals of approximately 10 grams/t gold drilled in the Serena zone during the 2017 season substantiate NuLegacy’s expectation of a large and robust gold system of mineralization present at the Red Hill property. Drill hole SR17-08c, a core hole drilled between the Serena zone and the northern portion of the North zone returned; 32.7 meters (107 feet) of 2.07 grams/t gold, including 3.3 meters (10.7 feet) of 14.68 grams/t gold, while hole SR17-06, drilled between the Serena zone and the southern portion of the North zone returned; 41.1 meters (135 feet) of 0.76 grams/t gold including 10.7 meters (35 feet) of 2.37 grams/t gold. Link to grade shell comparison and grade thickness maps: Click Here Importantly, SR17-09, the most westerly hole drilled at Serena to date encountered an interval of 33.5 meters (110 feet) of 0.50 grams/t gold that is approximately 60 meters lower stratigraphically than previous Serena drill intercepts. This may indicate that deeper, and potentially higher-grade mineralization may be encountered further west as we approach the Northern Nevada Rift, a major regional fault structure. The gold mineralization is hosted in strongly silicified (Jasperoid) Devonian Horse Canyon limestones and at the Horse Canyon/Wenban contact zone. “As we continue to explore the Red Hill property we are becoming more confident in our ability to target Carlin-style gold mineralization along structural corridors that have been identified by geophysical and geochemical data. We are very excited about continuing this process in the spring, when we expect to further expand the Serena zone gold mineralization, which remains open to the north and west,” said Derick Unger, NuLeg...