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NuLegacy Gold Extends Mineralization At West Avocado Zone
RENO, Nev., Jan. 09, 2018 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation (TSX.V: NUG) reports that one of the two core holes drilled into the West Avocado zone d
About this update from Nulegacy Gold Corporation
[{"type":"text","content":"RENO, Nev., Jan. 09, 2018 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation (TSX.V: NUG) reports that one of the two core holes drilled into the West Avocado zone during the 2017 fall exploration program encountered encouraging gold mineralization. “Drill hole AW17-05c encountered more silicification, alteration, and brecciation than we have observed at Avocado thus far. Data from trace element assays will be received shortly, and should aid in the targeting of additional drill holes at Avocado in the spring of 2018,” reported Derick Unger, NuLegacy’s Chief Geologist. AW17-05c, drilled 120 meters east of last year’s discovery holes AVB-02 and AVB-04c, intersected 32.5 meters of 0.61 grams/t gold. The core holes were drilled first using a reverse circulation rig to drill and case the holes (pre-collars) to depths immediately above the target zone, and were then completed using a core rig through the mineralized zone. Hole AW17-04c was drilled 120m north of the 2016 Avocado discovery holes and contained intervals of anomalous gold. These results establish continuity in the Avocado Zone by defining a 120-meter corridor (between AV16-04c and AW17-05c) of gold mineralization that is open for at least another 600 meters to the east and northeast, towards mineralization established last year in the East Avocado discovery where drill hole AV16-03 encountered 25.9m of 1.01 grams/t gold. (see map below). “The entire 4 sq. km Avocado zone is a highly prospective area, situated only five miles across a rift valley from Barrick Gold’s 10 million-ounce Goldrush deposit, slated for production in the year 2020,” commented NuLegacy’s Chairman Albert Matter. ii, iv Fourteen additional holes, drilled in the North Iceberg, Serena, VIO, and Western Slope zones are out for assay and will be reported when received and fully evaluated by our geological team in Reno, Nevada. Table of important mineralization encountered in NuLegacy’s drilling at Avocado to date: Hole number From (m) To (m) Interval (m) Grade (gpt) West Avocado AW17-05c 429.6 463.0 32.5* 0.61 AV16-04c 403.4 441.8 30.3* 0.56 including 427.4 435.1 5.1* 2.57 AV16-02 422.3 451.2 28.9 0.50 including 422.2 432.9 10.7 1.01 East Avocado AV16-03 312.6 347.5 25.9 1.01 *net sample length – excludes net core loss. Sampling Methodology, Chain of Custody, Qua...