NuLegacy Starts 2017 Drilling Program
Expands geo-technical capability
(firmenpresse) - RENO, NEVADA -- (Marketwired) -- 04/25/17 -- NuLegacy Gold Corporation (TSX VENTURE: NUG)(OTCQX: NULGF) reports its initial 40 hole (35,000 ft.) 2017 drilling program (to be expanded as warranted) has commenced with the arrival of the first of two drill rigs; the second rig is scheduled to arrive mid-May.
The initial 2017 exploration program will focus on:
Of the initial 35,000 ft. planned, 65% will consist of deeper drilling to explore for additional deposits and 35% will concentrate on expanding the gold footprint of the near-surface Iceberg deposit. Further geophysical and geochemical surveys are contracted for follow up on the success of last year's surveys in generating additional drill targets outside of the five currently confirmed mineralized areas.
We are fortunate to enroll three integral personnel to round out the geo-technical/deposit discovery team; Mr. John Katseanes, Ms. Denise Dowell and Mr. William (Bill) Mounts, all former consultants to Barrick Gold Exploration who have opted to work in the entrepreneurial junior exploration industry.
John Katseanes is a renowned geo-technical database architect; his mission is to ongoingly upgrade our data base architecture and accelerate our ability to analyze, interpret, and visualize (present in 3D models) the Red Hill Project geological environment to improve the targeting of the most prospective areas of gold mineralization in which to drill for high grade gold intercepts.
John will be ably assisted by Denise Dowell as our Geo-Technical Database Administer, who is responsible for the compilation, assimilation and maintenance of all databases relevant to the exploration of our Red Hill Project.
Bill Mounts is our new Drilling Supervisor responsible for overseeing all drilling and drilling contractors' relationships in Nevada. Bill has over 50 years of experience working with Newmont Exploration, Barrick Gold and numerous other major gold miners and is credited with saving these companies millions in their drilling expenses.
About NuLegacy: NuLegacy Gold Corporation is an advanced stage Nevada exploration company focusing on the discovery of district scale Carlin-style gold deposits on its premier 98-sq. km (35 sq. mile) Red Hill Project in the prolific Cortez gold trend of Nevada.
To date we have discovered the Iceberg(i) and the Avocado Carlin-style gold deposits and have identified three more highly prospective exploration targets (The Deep Iceberg, VIO and Jasperoid Basin geo-physical anomalies) to be drilled this year.
NuLegacy's Red Hill property is located on (ii) to Carlin-type gold deposits (the Pipeline, Cortez Hills and Goldrush deposits) that are amongst Barrick Gold's largest, lowest cost and politically safest gold assets(iii).
On Behalf Of NuLegacy Gold Corporation
James E Anderson, Chief Executive Officer
Dr. Roger Steininger, NuLegacy's Chief Geoscience 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.
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 including, but not limited to, actual results of exploration activities, environmental risks, future prices of gold, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, availability of financing and other risks in the mining industry. There are no known resources or reserves in the Cortez Trend 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 near the Cortex Trend Project is not necessarily indicative of the gold mineralization on the Cortex Trend Project. All 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 28, 2016 for the year ended March 31, 2016. 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
CEO
604-639-3640
NuLegacy Gold Corporation
Albert Matter
Chairman
604-639-3640
NuLegacy Gold Corporation
Roger Steininger
CGO
604-639-3640
NuLegacy Gold Corporation
Frank Lagiglia
ICM
604-639-3640
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Unternehmensinformation / Kurzprofil:
Datum: 25.04.2017 - 10:00 Uhr
Sprache: Deutsch
News-ID 538013
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contact information:
Town:
RENO, NEVADA
Kategorie:
Mining & Metals
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