The Resuscitation Of NuLegacy
~ ‘Play it again Sam’~
THIS CEO CHAT IS NOT FOR DISTRIBUTION TO U.S. PERSONS OR FOR DISSEMINATION IN THE UNITED STATES.
To NuLegacy shareholders/stakeholders:
To our ‘incredibly-patient’ NuLegacy shareholders and prospective shareholders, thank you.
Yes…we are asking you to join me in putting up money one last time to participate in NuLegacy’s penultimate financing.
For qualified investors who want to skip the following update, and go straight to the term sheets (in multiple languages), please follow this link: https://nulegacygold.com/investors/term-sheets/
Then if you wish to subscribe, please follow this link to the subscription forms below and pick the one applicable to you, which means if you are not Canadian or American than you are ‘Offshore” > and email the completed sub-form to me, and I’ll see to it personally
https://nulegacygold.com/investors/subscription-agreements/
Update: This funding is intended to maintain NuLegacy’s interest in the prized Red Hill property through to December 2025, and more importantly provide time to:
- Undertake a possible joint venture or outright sale of the Red Hill property, technical database and additional tax loss values, and quite possibly,
- realize on the additional values surfacing from the ongoing analysis1 of the Red Hill database developed through our 13-year exploration history (more about that in our NR and in the weeks ahead.
It’s been 13 long years and Cdn $74 million of our money...and yes, as your CEO I got skin in the game (to the tune of ~Cdn $1.25 million) and have committed additional funds(as mentioned in today’s NR as have many of your board of directors and stakeholders and numerous of our professional and material/service suppliers.
To date ‘we failed to make The Discovery’; for the uninitiated – it is the discovery of the 8th. wonder of the world of gold!!
As you know, “Carlin-type’ deposits, as are indicated on our Red Hill property, are truly amongst the wonders of the geological world.
- there are only seven known deposits in the whole world,
- all clustered in two groups in Nevada, and
- each of the seven is one of the thirty largest gold mines in the world2!!!
They are all lined up like ducks in two rows; four in the Carlin trend (the namesake trend/deposit) and three so far in the parallel Cortez trend of Nevada, the first of which (the Pipeline) was discovered by our own Dr. Roger Steininger (in 1992), a founding director of NuLegacy...and he’s due for another.
Your team of Nancy Richter, Roger Steininger, Charles Weakly, Alex Davidson, Ed Cope, Mike Pennick, and the Dean of Carlin-type gold systems3, Robert Leonardson, are seven that have contributed to the discovery4 of these seven Carlin-giants, as well as numerous other types of gold mines in several countries.
And notably the giant Carlins are now all owned by the world’s largest ‘major’ gold mining companies for two reasons: the deposits are expensive to find and drill off, and these types of deposits help make or keep such companies ‘major’.
The science/geology of these ‘no-see-um5’ gold deposits has literally been advanced by our crew…and the following slide neatly illustrates the advances we’ve made. We’ve established that Carlin-type systems come in at least three varieties, possibly more.
So, you legitimately ask, what else can we do that we haven’t done already…we and our predecessors on the property drilled a lot of holes – yes, and many were too shallow early on because the drilling tech hadn’t been developed…or money was tight. Then we raised big bucks in Jan 2021 and drilled a few too deep as we struggled with the science of these deposits.
Our core exploration team and the wizards and a couple of prospective acquisitors gathered in Elko, NV in late July; the team presented some very intriguing updates of the existing targets that we haven’t had the money to drill, and as noted in our news relase a brand new one from the Dean of Carlin geology himself, Mr. Robert Leonardson. More discussion of the Red Hill’s target package to follow in future NRs.
So, the basic question is – will you please join me in:
- Funding C$1.0 million to maintain NUG’s ownership/control of the Red Hill property to allow further analysis of the opportunities,
- Provide time for successful negotiations of a JV or outright sale of our main asset; and,
- Possibly pony up enough additional funds to maybe drill two or three ‘hail Mary’ holes ?
Stay well and sane, cheers,
Albert
Albert J. Matter
CEO, Director
NuLegacy Gold Corporation | NUG:TSXV | NULGF:OTCQX
C: 604.512.7003 | albert@nuggold.com | 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 and information, 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 and information 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 www.sedarplus.ca) that may cause future results to differ materially from those expected. These forward-looking statements and information 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. As such, readers should not place undue reliance on forward-looking statements and information.
Dr. Roger Steininger, a Director of NuLegacy, is a Certified Professional Geologist (CPG 7417) and the qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects, responsible for approving the scientific and technical information contained in this chat.
1 ‘More ounces are found with the pen then the drill!’
2 No where else in the world are seven of the world’s thirty largest gold mines literally in sight of each other!!!
3 The ‘science’ of Carlin-type geology is 75 years old; our seven are amongst the twenty pioneering scientist/geologist that have made all the discoveries.
4 Old saying…99% of geologist couldn’t find an orebody if they camped on it (tell you how that saying originated if you call me) while the other will find you several!!.
5 They were discovered (1950’s) as the old-time prospectors walked right over them…as there is no visible gold…at least not to the human eye…yes…you can see the gold under a ½ million-dollar electron-microscope.
