FAQ
~ The number of drill rigs? ~
To NuLegacy Shareholders/Stakeholders:
Good day folks,
It’s been drawn to our attention there is a frequently asked question about our upcoming spring 2021 drill program regarding the number of rigs we will be using. We could not answer it better than a recent post about NuLegacy by the commentator @lexcon at https://ceo.ca/nug:
"…. there is a lot of talk about the 5 rigs they [NuLegacy] are bringing in, as if they will all be drilling at the same time in 5 different locations.
…that isn't exactly the case. Reading the NR [NR February 9, 2021] that came out announcing the drill program a little while back, they are targeting deep targets.
But to get to those they need to pass thru a known overburden cap that is significantly thick. It takes time to drill deep using cored diamond drills. In order to speed up the process, the NR explained that they will be employing two high capacity RC rigs1. These will be used to basically drill like hell thru the cap.
They won’t be collecting core samples2, and likely won’t even assay the ground up output of the drills. The whole reason for them is to bore a large diameter hole thru the upper 1000 ft of rock [and casing them so there’s no ‘rock fall’].
Then, the other three drills will start drilling diamond drill core drilling starting at the 1000+/- ft depth down to the target much deeper, in those collars established by the RC drills.
So effectively, they will have 3 drill rigs actually producing cores for assay of the deposit, and 2 other RC rigs punching access holes thru the cap."
Thank you, @lexcon, for this great explanation!
1 And it’s been determined that one RC rig ‘double shifting’ [as will be the case with the diamond drill rigs] will be more effective than two rigs single shifting.
2 Actually, we will be collecting samples of the ‘chips’ that the reverse circulation (RC) rigs produce as they drill the hole to assay for the geochemistry.
Cheers,
Albert J. Matter
CEO, Director
NuLegacy Gold Corporation | NUG:TSXV | NULGF:OTCQX C: 604.512.7003 | www.nulegacygold.com
The foregoing chat (including the attached links) is not to be relied upon as advice to investors or potential investors and does not constitute an offer to sell or the solicitation of an offer to buy any security in the United States or any other jurisdiction in which such offer or solicitation would be unlawful. The Company’s securities are not and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is available. In addition, the foregoing contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions based on information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to numerous risks and uncertainties (as more particularly described in the Company’s continuous disclosure documents filed on www.sedar.com) that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.
