NUG Nulegacy Gold Corporation

NuLegacy Gold Corporation (TSX VENTURE:NUG)(PINKSHEETS:NULGF) is pleased to
announce the enrollment of Mr. Alex Davidson as Corporate Advisor to NuLegacy.


Mr. Davidson is a recognized leader in designing, implementing and managing
highly successful and strategic gold and base metal exploration and acquisition
programs throughout the world. 


Until 2009 he was the Executive Vice-President of Exploration and Corporate
Development of Barrick Gold Corporation with responsibility for all its
international exploration programs and corporate development activities. During
his tenure he was instrumental in the acquisition of the Cortez gold complex in
Nevada (from Placer Dome Inc.), and the discovery of the Lagunas Norte deposit
in Peru, two of Barrick's five key mines.


In 2003, Mr. Davidson was named the Prospector of the Year by the Prospectors
and Developers Association of Canada in recognition for his team's discovery of
the Lagunas Norte mine in the Alto Chicama District, Peru. 


In 2005 Mr. Davidson was presented that year's A.O. Dufresne Award by the
Canadian Institute of Mining, Metallurgy and Petroleum in recognition of his
exceptional achievements and distinguished contributions to mining exploration
in Canada and around the world. He received his B.Sc. and his M.Sc. in Economic
Geology from McGill University.


"We are fortunate to have Mr. Davidson's influence and expertise to assist us in
capitalizing on the value of NuLegacy's highly prospective Iceberg gold
deposit," says James Anderson, NuLegacy's CEO. "With Mr. Davidson's
participation we expect to be able to accelerate the delineation of the Iceberg
gold deposit and the exploration of the three additional highly prospective
targets we have identified."


The 60 sq. km property which hosts the Iceberg gold discovery is in the heart of
the Cortez trend directly adjacent to Barrick Gold's multi-million ounce
Goldrush discovery. It is on strike with the three Carlin-type gold deposits(i)
that comprise Barrick's Cortez mining complex which are amongst the largest and
lowest cost gold deposits in the world. With a combined gold endowment in excess
of 50 million ounces the Cortez produces approximately 1.5 million ounces per
year for Barrick at a remarkable low AISC (all inclusive sustaining cost) of
$376/ounce (versus firm average of $919/ounce). 


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


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. 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. 


(1) 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
NuLegacy Gold Corporation
604-638-4959
www.nulegacygold.com


NuLegacy Gold Corporation
James Anderson
james@nuggold.com


NuLegacy Gold Corporation
Albert Matter
albert@nuggold.com


NuLegacy Gold Corporation
Roger Steininger
COO
roger@nuggold.com

Grafico Azioni Nulegacy Gold (TSXV:NUG)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Nulegacy Gold (TSXV:NUG)
Storico
Da Giu 2023 a Giu 2024