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NuLegacy Gold drills 35.1 meters of 0.52 g/t gold and 33.5 meters of 0.58 g/t gold at Iceberg oxide gold deposit
RENO, NEVADA--(Marketwired - July 21, 2016) - NuLegacy Gold Corporation (TSX VENTURE:NUG)(OTCQX:NULGF) is pleased to report assay results for the first ten hole
About this update from Nulegacy Gold Corporation
[{"type":"text","content":"RENO, NEVADA--(Marketwired - July 21, 2016) - NuLegacy Gold Corporation (TSX VENTURE:NUG)(OTCQX:NULGF) is pleased to report assay results for the first ten holes of the 40+ hole (10,000 meter) 2016 exploration program on its 100% owned Iceberg oxide gold deposit. The primary target is the shallow Carlin-style oxidized gold mineralization within the 3 km long and 0.5 km wide Iceberg gold deposit in the Cortez gold-trend of north-central Nevada. Eight of the ten holes were drilled to expand the footprint of the 90-110 million tonnes of 0.9 to 1.1+ grams of gold/t exploration targeti within the Iceberg gold deposit - four into the Central zone and four into the North zone, while two were scout holes. Dr. Roger Steininger comments, \"Holes RHB-72 and 73 have encountered some of the longest intervals of continuous gold mineralization on the property to date, and indicate the potential for a distinct gold deposit of sizable dimensions to the west of, and down dip from the Central zone.\" Highlights from the 1st set of drill results: Iceberg - Central zone: Of the four holes drilled to expand the Central zone, holes RHB-72 and RHB-73 are the most westerly holes drilled in the Central zone to date as step-outs from last season's RHB-60 which encountered 1.04 g/t gold over 35.1 meters (115 ft.): RHB-72 encountered intervals of good grade mineralization with 0.52 g/t gold over 35.1m (115 ft.) including 4.6 meters of 2.19 g/t gold, and, RHB-73 returned 0.61 g/t gold over 25.9 meters (85 ft.). More significantly these intercepts are both contained within much longer intervals of lower grade gold mineralization of 0.40 g/t gold over 51.8 meters (170 ft.) in hole RHB-72, and 0.32 g/t gold over 80.8 meters (265 ft.) in hole RHB-73. These holes are transitioning from oxide to sulphide at depth with the mineralization dipping and plunging westerly toward a gravity anomaly some 300+ meters to the west identified last year. These results coupled with those of scout hole RHB-81 (detailed below) indicate the potential for another large area of gold mineralization west of the Central zone. Additional holes are being permitted for follow up drilling of this westerly extension of the Central zone. To date the Central zone contains the majority of the gold discovered in the Iceberg deposit. Iceberg - North zone: Highlights include drill holes RHB-76 and...