To NuLegacy shareholders/stakeholders:
In a recent interview noted analyst John Kaiser (Editor of Kaiser Research Online) made several encouraging remarks about NuLegacy:
- Informed Carlin-style geologists consider NuLegacy's Cortez-trend Project (Red Hill, Iceberg, Avocado, etc.) one the hottest prospects in Nevada.
- NuLegacy is a unique symbiosis of 'old school and new school'.
- Deep Iceberg (slides 19 & 20) and Avocado (slides 46-51) represent opportunities for potential significant gains in value.
I'm pleased that our efforts to advance NuLegacy's values are getting recognition, particularly the progress we have made in expanding our geotechnical capabilities.
What John is referring to as 'old school' is our renowned and well respected Dr. Roger Steininger...of the old school of 'discoverers' who could amass huge quantities of information and develop a 3D model in their heads...and the several young(er) whiz kids we have enrolled who are masters of modern digital 3D modeling...whereby the work of a Dr. Steininger can be replicated, shared, and contributed to by the whole team.
This symbiosis contributed to the discovery of the Avocado deposit...one hole with no more than a sniff of gold...apply the talents of the whole team...and bingo...three holes with notable quantities of gold...not yet economic levels...but quite a feat nonetheless.
And it has also identified the Deep Iceberg
, the first (of potentially several) deeper possibly higher grade 'feeder' zones below the already burgeoning Iceberg gold deposit which will be amongst the first targets to be drill tested this year.
This symbiosis should greatly enhance our ability to expand the gold contained within the two deposits discovered to date and increase the success of identifying additional deposits within the several other untested mineralized areas identified so far on our 98-sq. km Cortez-trend property.
The most visible immediate effect for you our shareholders is the improved graphics detailing and explaining the progression from prospect to target to deposit, best illustrated by the upgraded geo-technical compilation provided at:
Albert J. Matter
NuLegacy Gold Corporation | NUG:TSXV | NULGF:OTCQX
C: 604.512.7003 | www.nulegacygold.com
The foregoing is not intended to be relied upon as advice to investors or potential investors and does not constitute an offer to sell or the solicitation of an offer to buy any security nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. In addition, the foregoing contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions based on 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. 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 An exploration target of 90 to 110 million tonnes of 0.9 to 1.1 grams of gold per tonne. These figures are conceptual in nature and derived from a compilation of 149 historic and 34 NuLegacy drill holes in and around the Iceberg deposit. To date, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.