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NuLegacy Gold Drills 21.3 Metres of 2.85 g/t Au at Red Hill Property
RENO, Nev., Sept. 06, 2017 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation (TSX.V: NUG) reports assays from reverse circulation holes drilled in the North Iceberg
About this update from Nulegacy Gold Corporation
[{"type":"text","content":"RENO, Nev., Sept. 06, 2017 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation (TSX.V: NUG) reports assays from reverse circulation holes drilled in the North Iceberg, and the newly discovered Serena zone of its 38-square mile (98-square km) flagship Red Hill property in Nevada’s famed Cortez gold-trend, one of the world’s premier gold mining jurisdictions. “As we systematically explore the several gold zones on our Red Hill property we are encountering more and more of the higher-grade cores associated with these Carlin-type gold deposits that make them such coveted prizes,” commented Dr. Roger Steininger, NuLegacy’s Chief Geoscience Officer. Highlights from the Serena and North zone drill results: Iceberg North zone: IN17-5, a 100-meter (330 ft.) step-out hole from the North Iceberg zone towards the Serena zone returned a favourable 21.3-meter (70 feet) interval of 2.85 grams/t gold including 4.6 meters (15 feet) of 9.76 grams/t gold. The gold interval was contained in a unit of moderately brecciated grey jasperoid with fine-grained silt and sands encapsulated in a microcrystalline silica containing approx. 2% fine-grained pyrite. Serena zone: Initial follow-up holes to the Serena zone discovery hole SR17-01 (50.3 metres (165 ft.) of 1.0 grams/ton reported Aug. 8, 2017) were drilled to the west, north, and east in a first test to confirm the new zone. Hole SR17-4 drilled 45 meters (150 ft.) to the east of SR17-01, returned the most favourable interval of 21.3 meters (70 ft.) of 0.85 grams/t gold. Similar to the North zone, the gold interval is contained in a unit of moderately brecciated grey jasperoid with fine-grained silts in a microcrystalline silica containing approx. 2-3% fine-grained pyrite with clast coatings and becoming more pyritic with depth. “We now have three holes in the developing Serena zone with decent values, and together with IN17-05, have reduced the gap between the two zones from 375 meters (1,200 ft.) to 230 meters (750 ft.) meters indicating a possible convergence of the zones which could significantly expand the gold content”, said Mr. Ed Cope, NuLegacy director, and former head of North American exploration for Barrick Gold Corporation, “More drilling is warranted”. We are awaiting assays from eight more wildcat holes drilled in various parts of the property targeting geophysical and geochemical anomal...