Business
NuLegacy Gold’s 2023 Plan
~ “Once more into the breach…” ~ RENO, Nev., Feb. 09, 2023 (GLOBE NEWSWIRE) -- This news release follows on from the reporting in the fall of 2022 and outlines
About this update from Nulegacy Gold Corporation
[{"type":"text","content":" ~ “Once more into the breach…” ~ RENO, Nev., Feb. 09, 2023 (GLOBE NEWSWIRE) -- This news release follows on from the reporting in the fall of 2022 and outlines the plans for 2023 starting with a brief description of the values created to date, and our strategy to augment and capitalize on those values. View this news release with graphics displayed at: https://nulegacygold.com/news/news-releases/nulegacy-golds-2023-plan/ Value Proposition – the assets and the team: 108 sq. km of highly prospective mineral claims located within Nevada’s prolific Cortez gold trend. Our flagship Red Hill property is on trend and adjacent to three multi-million-ounce Carlin-type gold deposits (the Pipeline, Cortez Hills and Goldrush deposits).I C$ 45 million direct expenditures (C$ 74 million in total including acquisition, etc., costs) and counting of potential tax write offs. Uniquely structured and valuable permits that authorize immediate utilization of significant currently unused exploration surface disturbance acres with 44 preapproved Greater Sage-Grouse conservation credits. Highest quality “senior company” level geological, legal, and accounting databases. Geo-team –numerous fellow geos and mining execs have remarked that we have one of the best Carlin gold exploration teams in NV - and it is still evolving*. Numerous geological indications affirming that a large Carlin-type deposit is present at Red Hill. Your NUG geo-teams have contributed significantly to the evolution of the understanding of Carlin systems, remembering Carlin systems, unique to Nevada, have only been established as a specific ‘geological’ category for some 50+ years. For the most part, these systems are owned by two large corporations that are not particularly forthcoming with their knowledge…though it must be said that the Barrick team has been remarkably co-operative. Augmenting the values: Our Exploration Manager, Mr. Charles Weakly, has been commissioned, together with the expanding NUG geological brain trust to select 4, possibly five of the best holes to be drilled this spring/summer (drilling scheduled to commence June 1, 2023) out of the 26 odd drill sites that Charles and his immediate geo-crew have laboriously and hopefully inspirationally selected. The rigorous selection process is scheduled to be completed by May 1 and is expected to ‘finally’ either make ...