NuLegacy Gold Corp recently reported the results of drill holes from its summer exploration program on the company’s 100% owned Red Hill property located in the Cortex gold trend of Northcentral Nevada. The company reported some fantastic drill holes:
“Drill hole SR18-02C, a -70º angle core hole drilled as a 100-meter step-out to the west of the currently defined Serena zone, encountered 8.7 meters of 16.92 grams/ton gold within a broader interval of 22.1 meters grading 6.59 grams/ton gold starting at a vertical depth of 258 meters. (*Serena Zone)
In last year’s drill program, NuLegacy made a significant discovery called Serena with assays as high as 10, 15, and 25 grams but over narrow widths. This latest drill hole proved to have fantastic widths as it was over 8.7 meters.
Remember, NuLegacy was able to acquire its 100% owned 100 square kilometer land package in one of the friendliest mining jurisdictions in the world, Nevada. NuLegacy’s flagship property is right near Barrick’s pipeline and Cortez Hills operations which produce about 1,000,000 ounces of gold per year.
Former VP of Exploration-North America at Barrick Gold Ed Cope commented:
“This is an outstanding result for several reasons, It signals that the Serena zone is wide open to the west, towards the geophysically well-defined Western Slope anomaly that has minimal previous drilling. Secondly, the grade is excellent and reminiscent of the grades Barrick found while drilling Goldrush several years ago. And finally, it is proving the concept that following newly recognized “mineralizing” low angle fault structures to the west to where they intercept the best stratigraphic host rocks is working – and we will continue to refine this work in the fall.”
For more information, visit NuLegacy Gold website, here.