NuLegacy Gold (TSXV: NUG | OTC: NULGF) has commenced drilling on its flagship 108km2 Red Hill property in the Cortez section of the prolific Battle Mtn-Eureka-Cortez gold trend of Nevada.
Drilling commenced on hole M23-01, the first of the planned five-hole winter 2023/4 drilling programme, with a truck-mounted Ingersoll Rand RD-10 RC drill capable of drilling to 3,000 feet. With an initial targeted termination depth of 2,000 feet, it is expected to take between seven to eight days to complete; the rig will then move to hole IS23-02.
Nancy Richter, exploration team leader, commented, “With this configuration of holes, the probability of drilling a discovery hole, or being close enough that the alteration and geochemical analysis from that hole will vector us in the right direction, is very good.”
NuLegacy Gold is exploring for high-grade carlin-style gold deposits on its incredibly well located 108km2 district scale Red Hill property. Red Hill is on trend/adjacent to three of Nevada Gold Mines’ most profitable multi-million-ounce carlin-type gold mines; the Pipeline, Cortez, and Goldrush with their massive +50Moz gold endowment.
These are three of the 30 largest, lowest cost, highest grade, and politically safest gold mines, producing circa 3% of the world’s gold. Seven of NuLegacy’s principals/exploration team members has contributed to the discovery or expansion of one or more of Nevada’s seven massive carlin-style gold deposits.
To find out more, please visit www.nulegacygold.com
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