October 24, 2017
MDA Selected for Maiden Resource Calculation
~ Inventory to evaluate 35% of the Iceberg Deposit ~
To NuLegacy shareholders/stakeholders:
Just a heads up that NuLegacy has today commissioned Mine Development Associates of Reno, Nevada, to evaluate the gold resource inventory of the Iceberg gold deposits on our flagship Red Hill property in the Cortez gold trend of North-central Nevada.
MDA is considered one of the most credible resource auditors in the industry; the resource inventory will be constrained to the approximately 35% of the 3-kilometer strike length of the Iceberg deposits that currently has sufficient drill density to support a calculation.
As well as enabling our investors to measure our progress to date against our stated goal of establishing a multi-million-ounce resource on the Red Hill property, this will enable us to extrapolate how many ounces might be in the Iceberg, and thus estimate the drilling budget that would be required to confirm the total possible resource.
The fall drilling program is well underway; details of it and a review of this summer's program are available at http://nulegacygold.com/i/pdf/2017-10-11_NR_NUG.pdf, and the fall results will be announced as received and processed.
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.
You can view the Next Chairman Updates item: Wed Oct 11, 2017, Heads Up On Fall Drilling Program
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