Business
UPDATE - NuLegacy Gold Updates the 2022 Programs
RENO, Nev., June 21, 2022 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation updates its 2022 exploration plans for its highly prospective 100% controlled 108 sq. km
About this update from Nulegacy Gold Corporation
[{"type":"text","content":" RENO, Nev., June 21, 2022 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation updates its 2022 exploration plans for its highly prospective 100% controlled 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 mines.1 View this news release with all graphics displayed at: https://bit.ly/NUGupdates2022programs Our April 26th, 2022 news release reported that after a lengthy drilling hiatus, on account of a complete property wide review of all previous exploration, a leaner exploration and management team were planning a 16 to possibly 24-hole drilling program for the 2022-23 exploration program. As a result of the work since April, we are expanding to a 29-hole program (detailed below), and the following is a summary of progress to date: View larger map at: https://nulegacygold.com/site/assets/files/6943/2022_red_hill_zones.png Exploration prep: Permitting completed and approved Migratory bird nest surveys completed Road construction underway Drilling to commence early July Geological model: New property wide cross sections completed; example presented below Updated geological model being prepared for release and posting Updates on: Expanded drilling plans Exploration prep news: On May 25th, the BLM, working with our permitting consultant Debra Struhsacker and EM Strategies, finalized and approved our work plans to construct 27 drill pads and 12.1 km of roads within our approved 115.7 acres of allowable disturbance. Our long-associated road and pad builders Legarza Exploration, LLC commenced construction on June 1 and access to the first set of holes is completed; when the entire road and pad building is completed Legarza will leave a skeleton crew for maintenance. One of our best drilling contractors offered a Foremost MPD-1500 RC (reverse circulation) drill rig which can drill to 1,500 feet. However, we elected to wait for a more powerful RD10 RC rig, which is expected later this month, as most of our RC holes are targeted to drill to 2,000 feet. Geological model news: A comprehensive review of the geological model was completed to include the substantial increase in data generated from processing and interpreting the eleven-hole 2020-21 drilling program. A detailed graphic summary of the ful...