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NuLegacy Gold Employs Two Drill Rigs
~ Drilling major step-outs ~ RENO, Nev., Nov. 13, 2018 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation (NUG:TSXV / NULGF:OTC) reports there are two rigs – a core
About this update from Nulegacy Gold Corporation
[{"type":"text","content":" ~ Drilling major step-outs ~ RENO, Nev., Nov. 13, 2018 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation (NUG:TSXV / NULGF:OTC) reports there are two rigs – a core rig and a reverse circulation (RC) rig - drilling on its Red Hill property. A third, deep RC drill will be added later in November to drill deeper targets to recover from permitting and drill rig availability delays and complete the 10-hole fall exploration program before the winter shut down. The ten-hole fall drilling program includes holes in the Serena zone to expand on the results from SR18-01c and SR18-02c announced earlier in the season (15.2 meters of 3.27 grams/ton gold, and 8.7 meters of 16.9 grams/ton gold respectively). Additional widely spaced holes are being drilled as substantial step-outs 1,000 meters west of the South Iceberg zone, 1,500 meters west of the Avocado zone, and 2,000 meters west of the Serena zone targeting additional areas of possible high-grade gold mineralization on the company’s 108 square km (41 square mile) Red Hill property. The two holes that were completed before these delays are located NW and NE of the Serena zone and returned nominal assays. With the fall program only just getting underway, further results will be reported when all assays have been received and fully evaluated by the geological team, likely mid-January. About NuLegacy Gold Corporation: NuLegacy is a Nevada exploration company focused on discovering additional Carlin-style gold deposits on its premier district scale 108 sq. km (41.7 sq. mile) Red Hill Project in the prolific Cortez gold trend of Nevada. To date NuLegacy has discovered the Iceberg Carlin-style gold deposits and has identified several more highly prospective exploration targets that are being drilled this year. NuLegacy’s Red Hill Project is located on trend and adjacenti to the three multi-million ounce Carlin-type gold deposits (the Pipeline, Cortez Hills and Goldrush deposits) that are amongst Barrick Gold’s largest, lowest cost and politically safest gold minesii. i The similarity and proximity of these deposits (including Goldrush) in the Cortez Trend is not necessarily indicative of the gold mineralization in NuLegacy’s Red Hill Project.ii As extracted from Barrick’s Q4-2013 and Q1-2014 reports. As reported by Barrick, the Goldrush resource contai...