NuLegacy Gold Corporation (the "Company") (TSX VENTURE:NUG) provides an update
of its plans for earning a 70% working interest in the Iceberg gold deposit
discovered by the Company on its Red Hill project in 2012.


The Red Hill project is a 60 sq. km portion of Barrick Gold Corporation's highly
prospective Cortez properties that NuLegacy Gold optioned in 2010. It is
directly adjacent to Barrick's recently discovered (2011) multi-million ounce
Goldrush gold deposit(i).


In June 2012 after spending $5.5 million exploring the property, NuLegacy
discovered a fourth Carlin-type deposit in the Cortez trend - the Iceberg gold
deposit. It is on strike with the three major Carlin-type gold deposits(ii) that
comprise Barrick's multi-million ounce Cortez gold mining complex (50+ million
ounces and counting), which is Barrick Gold's lowest cost producer(iii).


Upon discovering the Iceberg deposit NuLegacy eliminated all its other property
commitments to focus entirely on delineating a threshold level of gold resources
within this deposit and exploring the three other prospective Carlin-type
targets identified to date on the Red Hill project (the Avocado Anomaly, VIO
Zone and Jasperiod Basin).


Defining a Threshold Deposit: From its inception, NuLegacy's objective has been
to discover and define a Carlin-type gold deposit on its Red Hill project, and
once having established a threshold gold resource to sell it to or merge with an
appropriate and qualified gold producer for development. There are no assurances
that future exploration will result in this threshold resource being achieved in
whole or in part.


Based on recent acquisition history in Nevada, NuLegacy anticipates that a
'threshold' gold resource target(iv) of approximately 1.5 million NI 43-101
qualified ounces of near-surface oxide gold would support:




1.  A Barrick decision to 'earn-back to 70%' (and carry NuLegacy to
    production(v)), 
2.  Attract a buy-out for NUG's 70% interest, or 
3.  A production decision.



The available data indicates NuLegacy Gold has defined a very attractive gold
exploration target. The compilation of the 149 historic drill holes and 16
NuLegacy holes drilled in and around the Iceberg gold deposit indicate the
presence of a large tonnage Carlin-type gold deposit that offers a potential
exploration target of 90 to 110 million tonnes grading between 0.7 g/t and 1.0
g/t of gold (see "Conceptual Exploration Model" below).


Historical Gold Grades Likely Understated: The results of twining three
historical holes with NuLegacy holes indicate that gold grades in NuLegacy's
holes are significantly higher than the historical holes. This is attributed to
today's better drilling technology and sample collection practices. Thus the
potential grades of both the North and Central Zones of the Iceberg deposit
(discussed below) may need to be adjusted higher than indicated by the simple
averaging of the historic data and the NuLegacy assay results.


Exploration Budget: NuLegacy has budgeted $2.9 million over the next 18 months
to complete the earn-in with Barrick; $2.15 million will be dedicated to
drilling 45 to 50 holes into the Iceberg gold deposit with the goal of reaching
the 'targeted' resource threshold. 


The balance of $750,000 will be directed towards 'wildcat' exploration of the
three other favourable targets (the Avocado, VIO and Jasperiod basin anomalies)
identified to date to increase the value of the property. Ten holes are planned
for the Iceberg this fall. The balance of 30+ holes and the wildcat holes will
be drilled starting in the spring of 2014 when the funding required is
completed.


To date, no bulk density analysis or leach-ability tests have been commissioned
for the oxide gold mineralization of the Iceberg deposit because of its
similarity to other well-known deposits of the Cortez, nor has sufficient
economic information been generated to construct a NI 43-101 standard gold
resource with a high degree (i.e. measured or indicted levels) of certainty. 


Conceptual Exploration Model: Instead NuLegacy has developed an 'in-house'
conceptual exploration model to guide the cost-effective selection of drill
sites for the in-fill and definition drilling programs planned to advance the
Iceberg deposit to the targeted threshold resource. This will insure that the
drill sites are situated so there will be sufficient drill density to allow a NI
43-101 compliant resource calculation once the earn-in drilling programs are
concluded. As drilling advances, the model will be continuously updated and
refined to monitor progress towards the threshold target with the intent of
establishing it as a NI 43-101 compliant resource by late 2014 once the bulk
density and leach-ability tests have been completed. 


Within the Central and Northern Zones of the Iceberg deposit existing drill
density, coupled with a cross sectional resource estimate approach indicates a
potential exploration target of 17.5 to 20 million tonnes of oxide gold
mineralization grading an unadjusted 0.5 g/t to 0.6 g/t gold in the Central Zone
and 4.0 to 5.0 million tonnes of oxide gold mineralization grading an unadjusted
0.6 g/t to 0.7 g/t gold in the Northern Zone. The gold mineralization is open to
the north, south, and west, and partially open to the east. As well, there is
significant gold mineralization in the overlying volcanic rocks (which was the
main economic target of the historical drilling) with a potential exploration
target of 6 to 7 million tonnes grading an unadjusted 0.3 g/t and 0.4 g/t gold.
These amounts form part of the Iceberg's overall potential exploration target of
90 to 110 million tonnes grading a 0.7 g/t to 1.0 g/t gold as noted above.


And as in the classic Carlin-type gold systems, there is evidence indicating the
possibility of additional 'stair-stepped' carbonate horizons and deeper sulfide
bearing gold mineralization, which is very encouraging. When combining all these
factors our conclusion is that the potential grade of the "global" Iceberg
deposit is understated. It is likely that a more robust concentration of gold
exists in and near what is currently defined as the Iceberg gold deposit.


The above figures are reported as an exploration target only, based on
reasonable assumptions made from compiled data. These figures should not be
construed to reflect a calculated resource (inferred, indicated or measured)
under standards of NI 43-101. The potential quantities and grades reported above
are conceptual in nature and there has been insufficient work to date to define
an NI 43-101 compliant resource. Furthermore, it is uncertain if additional
exploration will confirm an economic mineral resource on the property.


The scientific and technical information contained in this news release has been
approved by Dr. Roger C. Steininger, NuLegacy's Chief Operating Officer and a
"qualified person" as defined by NI 43-101, Standards of Disclosure for Mineral
Projects.


NuLegacy Gold Corporation is a Nevada based exploration company focused on
delineating the near-surface Iceberg oxide gold deposit on its 60 square km Red
Hill option with Barrick Gold. The Iceberg deposit has similar geology to that
of Barrick Gold's on-going multi-million ounce Goldrush gold discovery.


On Behalf Of The Board Of Directors Of NuLegacy Gold Corporation

James E Anderson, Chief Executive Officer

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. The economics
of exploring and developing mineral resource properties are affected by many
factors including, but not limited to, the cost of exploration and development
programs, operational risks and unexpected geological formations, variations in
mineral content and grades, conclusions of economic evaluations, fluctuations in
commodity prices, potential environmental damage, title matters and the
availability of capital. 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 Red Hill
project is not necessarily indicative of the gold mineralization on the Red Hill
project. Furthermore, there are no assurances that the Company will be
successful in raising the necessary capital to carry out its proposed work
programs on commercially satisfactory terms or at 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
www.sedar.com including our annual management's discussion and analysis dated
July 26, 2013 for the year ended March 31, 2013. 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. 


(i) As reported by Barrick, as at December 31, 2012, the Goldrush deposit
contained a resource of 367,000 ozs gold (2,696,000 tons grading 0.136 oz/ton -
measured), 8,000,000 ozs gold (63,218,000 tons grading 0.127 oz/ton - indicated)
and 5,679,000 ozs gold (43,183,000 tons grading 0.132 - inferred). 


(ii) They are the Pipeline, Cortez Hills and Goldrush deposits. The largest of
these, the 21+ million ounce Pipeline mine, was discovered by NuLegacy's COO,
Dr. Roger Steininger in 1989 on behalf of Royal Gold while the property was
optioned from Placer Dome Ltd. The proximity of the Red Hill project to these
gold deposits may have little or no bearing on the level of gold mineralization
on the Red Hill project.


(iii) As reported in Barrick's Q2, 2013 financial report.

(iv) This figure represents NuLegacy's threshold target goal and does not
constitute an actual estimate of resources for the Iceberg deposit at this time.


(v) Once NuLegacy has completed its earn-in to 70% Barrick Gold will have a
one-time 90 day period to elect to earn back to a 70% working interest (by
spending the next $15.0 million and converting NuLegacy's then 30% interest into
a carried interest to production) or remain a minority 30% partner.


FOR FURTHER INFORMATION PLEASE CONTACT: 
NuLegacy Gold Corporation
James Anderson
604-638-4959
james@nuggold.com


NuLegacy Gold Corporation
Albert Matter
604-638-4959
albert@nuggold.com


NuLegacy Gold Corporation
Roger Steininger
COO
604-638-4959
roger@nuggold.com
www.nulegacygold.com

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