NuLegacy Gold Corporation (NUG:TSXV//NULGF:OTC) is a Nevada based gold exploration company focused on delineating its promising Iceberg gold deposit, a Carlin-type gold discovery in the prolific Cortez Trend of Nevada.
The Iceberg gold deposit is located on a 60 sq. km property in the heart of the Cortez Trend that NuLegacy optioned from Barrick Gold Corporation (2010), and it is directly adjacent to Barrick's on-going, multi-million ounce Carlin-type Goldrush gold discovery. NuLegacy Gold plans on spending $2.9 million over the next three years to earn a 70% working interest in the project while expanding the gold mineralization in the Iceberg deposit.
NuLegacy has identified three additional highly prospective Carlin-type gold-bearing systems on the property. All four systems have geology similar to that of the three major Barrick owned Carlin-type golds deposits of the Cortez trend, which produce in excess of 1.2 million ounce per year.