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NuLegacy Gold Provides Exploration Update
3.27 grams/ton gold over 15.2 meters - Significantly expands Serena zone RENO, Nev., June 27, 2018 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation is pleased to r
About this update from Nulegacy Gold Corporation
[{"type":"text","content":"3.27 grams/ton gold over 15.2 meters - Significantly expands Serena zone RENO, Nev., June 27, 2018 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation is pleased to report the assay results of the first hole of its seven-hole 10,000 ft. Phase-1 2018 drilling program. SR18-01C (Serena zone), a PC-CT1 hole, was drilled as a substantial 112-meter (365 ft.) step-out to the north-west of 2017’s successful SR17-08C (32.6 meters of 2.05 grams/ton gold including 3.2 meters of 14.74 grams/ton gold). SR18-01C returned assays of: 3.27 grams/ton gold over 15.2 meters (50 ft.), within 1.47 grams/ton gold over 51.1 meters (167 ft.). “We are pleased with the continuation of significantly higher-grade material as we make substantial step-outs to the northwest of the Serena/North zones,\" commented Derick Unger, NuLegacy’s Chief Geologist, “and anticipate continued success as we follow up with additional step-out drilling further to the north.” Key points: The 2018 exploration program is focused on identifying the higher-grade intersections of the low-angle feeder structures with the thicker beds of favorable Wenban-5 horizons. (Link for presentation: Click Here) Two of the seven-hole Phase-1 drill holes are targeted as extensions of the Avocado zone and five as extensions of the Serena and North zones. Phase 2 (10,000 ft.) drilling is planned to commence as soon as all Phase-1 results are fully integrated into our drill targeting model. Assay details Hole From To Length Grade number Zone (m) (m) (m) (ft.) (g/t) SR18-01 Serena 132.9 148.1 15.2 50.0 3.27 within Serena 132.9 184.0 51.1 167.5 1.47 These intercepts are not necessarily true widths as there are insufficient data at this time with respect to the shape of mineralization to calculate its true orientation. Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance: All sampling was conducted under the supervision of the Company’s project geologists and the chain of custody from the project to the sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every 20th sample. The samples were delivered to American Assay Labs’ preparation facility in Sparks, NV. The samples were crushed, pulverized and sample pulps were analyzed by American Assay Labs’ certified laboratory in Sparks, NV. Pulps were diges...