NuLegacy Gold has discovered the Iceberg gold deposit, a classic Carlin-type oxidized deposit with an exploration targeti of 90 to 110 million tonnes grading between 0.70 and 1.00 gram plus of gold/tonne located in the famed Cortez Gold-trend of Nevada.
~Multiple gold-bearing horizons within multiple Carlin-type gold systems ~
The Iceberg is located on a 60 sq. km portion of the Cortez gold-trend optioned from Barrick Gold Corporation. It 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 political safest mines in the world.
The Iceberg is adjacentii to the third of these, the Goldrush depositiii 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; they are focused on finding the higher grade cores usually associated with the Cortez's Carlin-type gold deposits that make them such coveted prizes.