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NuLegacy Gold Reports Initial Assays from 2017 Exploration Campaign
RENO, NEVADA--(Marketwired - June 20, 2017) - NuLegacy Gold Corporation's (TSX VENTURE:NUG) (OTCQX:NULGF) 2017 exploration campaign (10,500m, 33,500ft, +/- 40 d
About this update from Nulegacy Gold Corporation
[{"type":"text","content":"RENO, NEVADA--(Marketwired - June 20, 2017) - NuLegacy Gold Corporation's (TSX VENTURE:NUG) (OTCQX:NULGF) 2017 exploration campaign (10,500m, 33,500ft, +/- 40 drill holes) is designed to test high priority drill targets in new areas on the company's 38 square mile/98 square km Red Hill property in the Cortez gold trend of Nevada. A number of these geochemical and geophysical targets are at considerable distances from the known mineralization of the Iceberg gold deposit, and therefore have a high risk/high reward profile. Early results vary from reasonable (circa Iceberg deposit gold grade range of 0.9 to 1.1 gram/ton) to modest intervals of anomalous gold. Management continues to be encouraged that every drill hole in every area drilled to date encounters gold mineralization. Avocado: Difficult drilling conditions in the Avocado deposit area have slowed the progress of the Company's spring/summer drill program. The deep RC rig mobilized in April has completed just two holes into the West Avocado and one hole into the East Avocado. These three holes have returned broadly anomalous gold intervals; drilling of the fourth hole has been cased to its approx. 1,400-foot depth pending completion by a core rig to the targeted 2,100-foot depth. Upon receipt of the trace element analyses and detailed logging of these holes an interpretation will be developed to guide additional drilling at Avocado. Iceberg South: IS17-01 is a 120m (400 ft) step out to the west of the South zone, and encountered important near surface gold mineralization. This result opens a very large (~1,000m) as yet undrilled area to the west and northwest of Iceberg South that represents a new high priority target area for NuLegacy: IS17-01 From (ft) To (ft) Int. (ft) From (m) To (m) Int. (m) Grade (gpt) 260 275 15 79.3 83.8 4.5 0.60 The similarity of the geology and alteration of this intercept to that in the Central zone supports the interpretation that the two zones may connect. Iceberg Central: IC17-01C (core hole) was drilled as a 70m (230ft) step out directly north of the Central zone in an area of chaotic fracturing. It encountered multiple gold values, and opens a corridor where we anticipate connecting to the North zone: IC17-01C From (ft) To (ft) Int. (ft) From (m) To (m) Int. (m) Grade (gpt) 180 200 20 55.0 60.9 5.9 0.16 and 237 260 23 72.4 79.3...