NuLegacy Gold Corporation - Multiple horizons and multiple targets in The Cortezi.
NuLegacy Gold, a Nevada focused exploration company has discovered the Iceberg gold deposit on its 60 sq. km property in the Cortez trendii of Nevada. The iceberg, an oxidized Carlin-type deposit has sufficient favorable geology and extensions to indicate a potential exploration target of 90 to 110 million tonnes grading between 0.70 g/t and 1.00 g/t of goldiii.
NuLegacy's 2014-15 exploration programs are designed to find the higher grade oxide and/or sulphide cores usually associated with these oxide deposits in Carlin-type systems while expanding the footprint of the Iceberg deposit and delineating a 'threshold' resource of 1.5+ million ounces of goldiv.
The Company will also be exploring the three other Carlin-type target systems discovered to date on its 60 sq. km property, the VIO, Avocado & the Jasperoid Basin, in preparation for drilling them later this fall and next spring.