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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (532)	2/6/2013 8:08:20 AM
From: Goose94	Respond to of 203026

NuLegacy Gold (NUG-V) to start Wood Hills drilling in mid-February Feb 5, 2013 - News Release NuLegacy Gold Corp. plans to focus its fully financed $1.2-million 2013 exploration programs on its near-surface oxide gold deposit (the Iceberg deposit) discovered in 2012 in the Central mineralized zone, the highly prospective Avocado anomaly (both of them located on the now 87-square-kilometre Red Hills project) and its 100-square-kilometre Wood Hills project. This focus is a result of renegotiating all of NuLegacy's earn-in agreements during 2012 and terminating its option agreement with Miranda Gold Corp. (which represented 13 square kilometres of NuLegacy's then 100-square-kilometre RHP), while maintaining its exposure to the most prospective ground originally secured in the Cortez trend (RHP) and Pequop district (Wood Hills project). During 2012 NuLegacy Gold had considerable success, including: Renegotiating to reduce the company's 2013 exploration expenditures from $4.75-million to a fully financed $1.2-million, and reducing the overall expenditures for the next three years by $6.5-million; Discovering the Iceberg near-surface oxide gold deposit in the Central mineralized zone (of the RHP) which is on trend and approximately seven kilometres from Barrick's Goldrush deposit; Discovering, with a deep penetration IP/resistivity survey, the very large likely carbonaceous Avocado anomaly (on the RHP and so named for its shape and very intense centre); Discovering a Carlin-type deposit on the Wood Hills project proximal to Newmont's Long Canyon deposits. The company's exploration focus for 2013 will be on: Drilling to test the several favourably complex structural areas with anomalous gold that were delineated on the Wood Hills project in 2012 is planned to begin mid-February. These complex areas appear to be similar in nature to those that host the higher-grade gold of the Long Canyon gold deposit (purchased by Newmont for approximately $2.3-billion in 2011) just across the valley; Drilling to extend the Iceberg gold deposit in the Central mineralized zone, and to test the Avocado anomaly, both located on RHP, is planned for late March/early April. We seek Safe Harbor.

To: Goose94 who wrote (532)	6/27/2013 10:32:41 PM
From: Goose94	Read Replies (1) \| Respond to of 203026

NuLegacy Gold (NUG-V) drills 41.2 m of 1.02 g/t Au at Red Hill - Message 28901867 "Barrick’s Cortez Trend properties are the jewel of the operation with significant lower cash costs." June 26, 2013 - News Release NuLegacy Gold Corp. has released the results of the recently completed five-hole reverse circulation drilling program on its flagship Red Hill project. The 60-square-kilometre Red Hill project is in the Cortez trend of Nevada directly adjacent to Barrick Gold Corp.'s multimillion-ounce Goldrush discovery. "We are very pleased with these drill results," says Dr. Roger Steininger, NuLegacy's chief operating officer, "as we continue to intersect good grades of oxide gold in near-surface Devonian carbonates, which is the material that hosts so much of the gold in the large Carlin-type gold deposits of the Cortez trend. We have discovered a new Northern zone of at least 350 metres of strike length with higher-grade oxide gold mineralization (6.1 metres of 5.62 grams of gold), and extended the Central zone of the Iceberg deposit to 750 metres (from 400 metres) of strike length." These carbonate zones lie beneath a thin veneer of gold-bearing volcanics that was the focus of much of the historical drilling on the Red Hill project, and stretches for four kilometres above the Iceberg gold deposit. The two zones are 200 to 250 metres wide, 25 to 70 metres thick with gold grades of 0.5 gram per tonne to greater than five grams per tonne. They have a combined overall strike length in excess of 1,100 metres, separated by an as-yet untested intervening gap of approximately 900 metres where no historical holes were drilled deep enough to penetrate to the carbonates. Plans are being made to drill to the north and south and in the intervening gap of these two zones. Iceberg gold deposit extended Four of the five holes were targeted to extend the strike length of the Iceberg deposit. As summarized in the table three of those four holes returned favourable gold grades and intervals. The fifth hole, RHB-15, which was drilled 800 metres to the east of the Central zone to test for a possible parallel system, had no significant gold values. The best result came from hole RBH-17 with a significant near-surface intercept of 41.2 metres (135 feet) of 1.02 grams per tonne. It included 6.1 metres of 5.62 grams per tonne of gold (20 feet of 0.18 ounce gold per ton) indicating that the system is capable of generating very favourable oxide gold grades. DRILLING RESULTS Hole No. From To Length From To Length Grade (ft) (ft) (ft) (m) (m) (m) g/t Au RHB-17 235 370 135 71.6 112.8 41.2 1.02including 300 320 20 91.4 97.5 6.1 5. 62RHB-14 345 400 55 105.2 121.9 16.7 0.51including 375 390 15 114.3 118.9 4.6 1. 12RHB-13 355 430 75 108.2 131.1 22.9 0.71including 365 395 30 111.3 120.4 9.1 1.13 Note: These intercepts are not necessarily true widths as there are insufficient data at this time with respect to the shape of mineralization to calculate its true orientation. The geometry of the new Northern zone (350-metre length) is supported by several historical holes that were drilled deep enough to intercept the underlying Devonian carbonates, particularly hole RH92-2 with 24.4 metres of 3.4 grams of gold per tonne (80 feet of 0.11 ounce gold per ton). Hole RBH-16, drilled to test for a possible westerly extension of the gold mineralization in the Northern zone, contained several intervals of anomalous gold. Holes RHB-13 with 22.9 metres (75 feet) of 0.71 gram gold per tonne and RBH-14 with 16.7 metres (55 feet) of 0.51 gram per tonne (together with several deeper historical holes that they validated) have extended the strike length of the Central zone of the Iceberg to 750 metres. These results have established the Iceberg as a significant near-surface oxide gold deposit in the Devonian carbonate horizon that hosts so much of the gold in the large Carlin-type gold deposits of the Cortez trend and elsewhere in Nevada, one of the world's most prolific gold-producing regions. Reverse circulation drilling on the Red Hill project was conducted by Boart Longyear Company of Elko, Nev., under the direction and supervision of Dr. Roger Steininger, CPG 7417. All of the drill hole samples were analyzed for gold by American Assay Labs of Sparks, Nev. We seek Safe Harbor.