NuLegacy Gold to Trade on the OTCQX Marketplace
Berns & Berns to Act as NuLegacy's PAL
(firmenpresse) - RENO, NEVADA -- (Marketwired) -- 11/19/14 -- NuLegacy Gold Corporation (TSX VENTURE: NUG)(OTCQX: NULGF) announces that effective tomorrow the Company is expected to trade on OTCQX under the symbol "NULGF".
Listing on OTCQX was undertaken to provide our American shareholders improved liquidity and market transparency. On OTCQX, investors can:
OTCQX offers investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers.
Berns & Berns will serve as NuLegacy's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
NuLegacy Gold has discovered a classic Carlin-type oxidized gold deposit (the Iceberg) with an exploration target(i) of 90 to 110 million tonnes grading between 0.70 gram and 1.00 gram of gold/tonne in the famed Cortez gold-trend of Nevada. The Iceberg is on a of the Cortez optioned from Barrick Gold Corporation, and on trend with Barrick's Carlin-type systems that are its , lowest and politically safest gold deposits(ii) in the world. The Iceberg is adjacent(iii) to the third of these, the deposit,(iv) which is the most significant green-field discovery by a major gold producer in the past five years.
ON BEHALF OF THE BOARD OF DIRECTORS OF NULEGACY GOLD CORPORATION
James E. Anderson, Chief Executive Officer
Dr. Roger Steininger, NuLegacy's chief operating officer is a Certified Professional Geologist (CPG 7417) and the qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects responsible for preparing and reviewing the scientific and technical information contained in this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
(i) The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The potential quantity and grade is based on reasonable assumptions made from a compilation of 149 historical drill holes and 27 NuLegacy holes drilled in and around the Iceberg.
(ii) As extracted from Barrick's Q4-2013 and Q1-2014 reports.
(iii) The close proximity of the Goldrush deposit to the Iceberg deposit is not necessarily indicative of the gold mineralization in the Iceberg deposit.
(iv) As reported by Barrick as of December 31, 2013, the Goldrush deposit contained a resource of 423,000 ounce of gold (3.1 million tons grading 0.137 oz./ton - measured), 9,537,000 ounces (72.5 million tons grading 0.132 oz./ton - indicated) and 5,555,000 ounce (39.5 million tons grading 0.141 - inferred).
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. There are no known resources or reserves on the Iceberg deposit or the Red Hill project and the proposed exploration programs are exploratory searches for commercial bodies of ore. In addition, the presence of gold deposits on properties adjacent or in close proximity to the Iceberg Deposit or Red Hill project is not necessarily indicative of the gold mineralization on the Iceberg Deposit or Red Hill project. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at including our annual management's discussion and analysis dated July 25, 2014 for the year ended March 31, 2014. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation.
Contacts:
NuLegacy Gold Corporation
James Anderson
604-638-4959
NuLegacy Gold Corporation
Albert Matter
604-638-4959
NuLegacy Gold Corporation
Roger Steininger
COO
604-638-4959
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 19.11.2014 - 21:15 Uhr
Sprache: Deutsch
News-ID 354095
Anzahl Zeichen: 0
contact information:
Town:
RENO, NEVADA
Kategorie:
Mining & Metals
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