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NuLegacy To Commence 2018 Drilling in March
RENO, Nev., Feb. 13, 2018 (GLOBE NEWSWIRE) -- NuLegacy (TSX-V:NUG) (OTC:NULGF) completed a very successful 2017 exploration program on its flagship Red Hill pro
About this update from Nulegacy Gold Corporation
[{"type":"text","content":"RENO, Nev., Feb. 13, 2018 (GLOBE NEWSWIRE) -- NuLegacy (TSX-V:NUG) (OTC:NULGF) completed a very successful 2017 exploration program on its flagship Red Hill property in the Cortez gold trend of North-Central Nevada. The 2017 exploration program resulted in the: discovery and significant expansion of Carlin-style gold mineralization in the new Serena zone, identification, drilling and discovery of a brand new epithermal-type gold mineralized zone (the VIO zone) on the western end of the Red Hill property, advancement of the understanding of Avocado zone which now indicates 120 meters of continuous lateral gold mineralization in the West Avocado. Program specifics; drilled 42,700 feet (13,000 meters) in 47 reverse circulation (RC) and core drill holes, completed 17.5-square kilometers land-based gravity survey, 35.4-line kilometers of CSAMT, and 8.5-line kilometers of IP geophysical surveys, and collected 1,367 soil samples, completed additional metallurgical testing on both the oxide and sulfide portion of the Iceberg deposits, advanced a Plan of Operations permit for the Avocado area near completion in addition to the Plan of Operations permits already in place over the Iceberg and Serena areas, and commissioned a maiden NI 43-101 compliant resource estimate (by Mine Development Associates of Reno, Nevada) covering the approximately 35% of the 3-kilometer strike length of the Iceberg deposits that has sufficient drill density/delineation to support a calculation; results to be released shortly. Alex Davidson, NuLegacy Director and former head of global exploration for Barrick Gold, commented, “Our drilling successes at Serena, VIO, and Avocado are examples of the effectiveness of NuLegacy’s exploration team and we anticipate building on that success in 2018.” NuLegacy plans to begin a ~ 40,000-foot (12,000 meter) drilling and field exploration program in March (budgeted at C$5.0 million) with continued emphasis on the discovery of new, additional gold zones on our 98 square kilometer (38 square mile) Red Hill property. 2017 exploration wrap up: Metallurgical tests: Additional metallurgical samples were submitted to American Assay Labs for one-hour tumble leach in cyanide tests, and to McClelland Laboratories Inc. for 96-hour bottle roll tests. These tests confirmed the favorable leachability of the oxidize...