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NuLegacy Gold Reports on 2022 Drilling at Red Hill Exploration Property
RENO, Nev., Dec. 06, 2022 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation reports the results of the fall 2022 drilling program on its 108 sq. km. flagship Red Hi
About this update from Nulegacy Gold Corporation
[{"type":"text","content":" RENO, Nev., Dec. 06, 2022 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation reports the results of the fall 2022 drilling program on its 108 sq. km. flagship Red Hill exploration property located in the prolific Cortez gold trend of north-central Nevada, directly adjacent to, and on trend with, three of Barrick Gold’s six top Tier 1 gold mines.I View this news release with graphics displayed at: https://nulegacygold.com/news/news-releases/nulegacy-reports-on-2022-drilling/ As reported in our Sept 20th news release, we suspended drilling after completing four of the six planned holes pending assays and an improved financing environment. One hole, MR22-01, was completed into the newly developed Mid-Rift target, and three holes (SR22-01, SR22-02, SR22-04) were completed in the previously drilled Serena/North Zone area. Mid-Rift Target: The suspension of drilling was in part due to the first hole into the newly developed Mid-Rift target, MR22-01, going well over budget and intercepting a much thinner section of the favorable Wenban Unit 5 than anticipated (the expected host for better gold values). Additional drilling into the Mid-Rift was suspended to allow for re-interpretation/confirmation of the target geology and evaluation of assay results. Upon reviewing the logs of MR22-01 the variability of the thickness of the Wenban Unit 5 is attributed to local folding within west dipping, low-angle fault blocks. This is difficult to predict, however similar localized variations between mostly thicker than normal to relatively thin Wenban Unit 5 was also seen in the West-Rift target. On the positive side, half of the 60 feet (18.3 meters) of Wenban Unit 5 intercepted in hole MR22-01 has strong silicification with anomalous to weakly anomalous gold mineralization, and the strong alteration continued 55 feet (16.8 meters) into the underlying Wenban Unit 4. There is good evidence in the drill hole for the presence of the anticipated high and low angle fault zones important to the development of Carlin deposits, as well as evidence of a deeper structural zone of Cretaceous diorite with associated metamorphic/metasomatic alteration (within the Wenban Unit 1). The gold mineralization of the Iceberg Corridor just to the east is underlain by similar dike zones of the Cretaceous diorite. The logs show the older metamorphic/metasomatic a...