CEO’s Chats

NuLegacy Gold's 2023 Plan

There is a tide in the affairs of men, when taken at the flood, leads onto fortune1

~ NuLegacy Gold's 2023 Plan ~

To NuLegacy Shareholders/Stakeholders:

Good morning folks,

When we last messaged you (Dec 6, 2022), I answered the question…”What to do next?” The answer was simply: “hunker down, conserve cash, and wait to ‘fight’ another day”.

So, whether you got here via the link in the current Feb 9, 2023 news release…or via your subscription to our EBlast list…

“Success has many fathers’…failure is an orphan”…at least twenty-six people have put up their hand as contributing to the discovery of the Goldrush…and no doubt they did…however after some diligent historical review I’ve been able to identify the essential five or six that initially ‘sighted’ it…”

The time has come, and the battle plan is simple:

  • “Round up all the usual suspects” that really did make the discovery of the Goldrush, and our very own Dr. Steininger who is singularly credited with the discovery of the Pipeline.
  • Get them ‘noodling’ on the 13+ years of exceptional data we have generated, and, short of using a divining rod…hmmm…find the elephant deposit that we are convinced is there…and doing its darndest to not be found.

In the vein of ‘success has many fathers’…my study of the history of the Goldrush discovery suggests that essentially about five people were responsible for the initial discovery…and another twenty-six aided the expansion.

We have two of the essential group of five/six already:

  • Mr. Alex Davidson, formerly the head of Exploration and Corporate Development2, Barrick Gold, and now among other things our Chairman (and soon to be inducted into to the Canadian Mining Hall of Fame), gave the financial nod to Mr. Ed Cope to spend the dough.
  • Mr. Ed Cope, now retired after 15 years as VP Exploration for NA, Barrick Gold, and until recently Director, Exploration for NuLegacy, saw the opportunity and put ‘some good men on the job’, who:
    • Got the wind up, smelt the traces, and made the initial ‘discovery’ by,
    • Drilling the ‘wildcat’ hole assaying at 80 feet of ~1-ounce gold…(24.4 m @ ~34 g Au/t),
  • And things were off to the races!!
  • Our own Exploration Manager, Mr. Charles Weakly was responsible at the time for resource expansion at the mighty Betze-Post (grew to 50++ million ounces) and then brought some of that experience along to the Goldrush and now our Red Hill property.

Having identified the other three of the essential five, I will be travelling to Nevada seeking to enroll them in our pursuit of the next elephant.

With a flood tide comes a back tide…that ‘rebounds from the beach’…so if you don’t row like hell…you won’t get to shore…or to your objective!


Albert J. Matter
CEO, Director
NuLegacy Gold Corporation | NUG:TSXV | NULGF:OTCQX
C: 604.512.7003 | |

1 Shakespeare, Julius Caesar, Act 4 Scene 3

2 Rarely does one man hold two such titles simultaneously-illustrates the influence he had!

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 today’s news release and the Company’s continuous disclosure documents filed on 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.

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