NuLegacy Gold Corporation (NUG:TSXV//NULGF:OTC) is a Nevada based gold exploration company entirely focused on expanding its promising Carlin-type gold discovery (the Iceberg deposit) in the prolific Cortez Trend of Nevada.
The Iceberg gold deposit is located on NuLegacy's Red Hills Project optioned from Barrick Gold Corporation and is adjacent to Barrick's on-going, multi-million ounce Carlin-type Goldrush gold discovery. NuLegacy Gold plans on spending $3.6 minion over the next three years to earn a 70% working interest in the project while expanding the gold mineralization in the Iceberg gold deposit.
To date NuLegacy has identified three highly prospective Carlin-type gold-bearing systems on the Red Hills Project, of which one hosts the Iceberg deposit. All three 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.