Summary: NuLegacy Gold discovered the Iceberg gold deposit, a classic Carlin-type oxidized gold deposit located on a 38 sq. km portion of the Cortez gold-trend in 2012.
The Iceberg gold deposit is on trend with Barrick Gold's three en echelon multi-million ounce Carlin-type gold deposits that are Barrick's largest, lowest cost and politically safest mines in the world. It is adjacent to the third of these, the Goldrush deposit which is the most significant green-field discovery by a major gold producer in the past five years.
NuLegacy's 2016 objectives are to:
- Complete preparation of and report on the plans for the 2016 exploration program in early March;
- Commence our drilling program when ground conditions are economically optimum, likely mid-April;
- Prepare for the Iceberg's maiden NI 43-101 resource calculation, likely before the end of August and
- Get the stock price to reflect the values that have been created!
~ Multiple gold-bearing horizons within multiple Carlin-type gold systems ~