Summary: NuLegacy Gold has discovered the Iceberg gold deposit, a classic Carlin-type oxidized gold deposit located on a 60 sq. km portion of the Cortez gold-trend optioned from Barrick Gold Corporation.
The Iceberg 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 adjacenti to the third of these, the Goldrushii deposit which is the most significant green-field discovery by a major gold producer in the past five years.
NuLegacy's fully funded 2014-15 exploration programs are designed to complete the earn-in to a 70% working interest in the Iceberg gold deposit and finding the higher grade cores usually associated with the Cortez's Carlin-type gold deposits that make them such coveted prizes.
~ Multiple gold-bearing horizons within multiple Carlin-type gold systems ~