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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.

 
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i The Cortez gold trend of Nevada hosts three of the largest Carlin-type gold deposits in the world. They represent Barrick Gold's lowest cost and political safest mines in the world.
ii The property, optioned from Barrick Gold, is directly adjacent to Barrick's burgeoning Goldrush deposit and on trend with the three major Carlin-type gold deposits of the Cortez. The close proximity of the Goldrush deposit to the Iceberg deposit is not necessarily indicative of the gold mineralization in the Iceberg deposit.
iii As reported in Sept. 5th. NR these figures are a conceptual exploration target only and should not be construed as a calculated resource under NI 43-101 standards as insufficient exploration has been complete to date to define such a resource and there are no assurances that additional exploration will confirm the existence of a NI-43-101 resource. They are based on reasonable assumptions made from a compilation of 149 historic drill holes and 16 NuLegacy holes drilled in and around the Iceberg deposit.
iv Based on recent acquisition history in the gold mining industry, NuLegacy anticipates that a threshold target of ~1.5 million NI 43-101 qualified ounces of near-surface oxide gold could support a Barrick decision to earn-back under our option agreement. This figure represents NuLegacy's target goal and does not constitute an estimate of resources for the Iceberg deposit at this time. Currently there are no known NI 43-101 resources on the Iceberg and there are no assurances that additional exploration will confirm the existence of mineral resources.
Nulegacy Gold News

Jul 22, 2014
NuLegacy Discovers New South zone Near Iceberg Gold Deposit...

Jul 08, 2014
NuLegacy Expands North Iceberg Zone...

NuLegacy Gold NUG:TSXV (0.12)  unchanged

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