Ultimately it all Points to the Rift
~ NuLegacy drills 9.6 grams/ton gold ~
To NuLegacy shareholders/stakeholders:
I’m emailing to draw your attention to today’s news release reporting on our successful winter exploration program – please click above to view it.
As NuLegacy Chairman Alex Davidson says, “There is no substitute for the experience of having participated in discovering one or another of the giant Cortez trend Carlin-type deposits for assessing the next discovery”.
Below I’m drawing your attention to how it is that NuLegacy Gold has attracted so many of Barrick Gold’s successful explorationists.
The Genesis of NuLegacy’s Highly Successful Exploration Team
Six senior members of NuLegacy’s exploration team have made substantial contributions to the discovery/development of four (Goldstrike, Pipeline, Cortez and Goldrush) of Barrick Gold’s six multi-million-ounce Tier 1 Carlin-style gold mines in Nevada.
Initially enrolled as directors or consultants of NuLegacy, these gentlemen, five of whom guided Barrick Gold during its most dramatic growth through acquisitions and the discovery of ~50 million ounces of gold, are now proactive participants in NuLegacy’s discovery team.
Barrick’s contribution to NuLegacy’s team:
July 2013 - Alex Davidson, Chairman & Director: During his tenure at Barrick (1992 to 2009), most recently as EVP of Exploration and Corporate Development, Alex was influential in building the exploration team that discovered ~ 50 million ounces of gold in Nevada, as well as the acquisition of the Cortez gold complex (from Placer Dome Inc.) and other projects that have become Barrick’s 'high quality portfolio' of Tier 1 assets.
I was fortunate to enroll Alex as a Corporate Advisor to NuLegacy Gold in July 2013 and a director in September 2014 and he became active as Chairman in April 2019 as we progressed towards discovery.
Alex was instrumental in enrolling his long-time Barrick associates Alan Hill and Ed Cope to NuLegacy.
December 2016 – Alan Hill, Director, Engineering Studies: As EVP Development for Barrick Alan managed the project evaluation and construction/development of four of Barrick Gold’s major mines including the Goldstrike mine in the Carlin trend of Nevada.
“Alan is an adventurous soul who works hard, plays hard, and maintains a sense of humor at all times”, says Alex Davidson “and he is a great team and mine builder pioneering numerous social and community development projects at these highly successful mines sites.”
Alan is currently Chairman of Teranga Gold Corporation, a multijurisdictional West African gold company profitably producing approximately 300,000 ounces of gold per year.
January 2017 - Ed Cope, Director, Exploration & Evaluation: Ed joined Barrick in 1996 and was appointed VP Exploration - North America in 2007, the position he held until retiring and joining NuLegacy in January 2017.
"Ed’s key strengths of strategic planning, program development and project execution will contribute to our record of discovery", said Alex.
Ed brought to NuLegacy 21 years' experience managing Barrick's Nevada exploration programs principally focused on discovering and developing the 'elephant sized' gold deposits of the Carlin and Cortez gold trends of Nevada. Ed’s ability to attract and develop/mentor geological talent helped create the discovery driven exploration team responsible for Barrick’s significant growth in reserves and resources.
In 2014, Ed, along with his team members, was a co-recipient of the "Thayer Lindsley International Mineral Discovery of the Year" award for the discovery of the 10+ million-ounce Goldrush deposit.
Ed was instrumental in bringing two additional members of that discovery team, Charles Weakly and Mark Bradley, to NuLegacy.
November 2017 - Charles G. Weakly, District Geologist: Known in Nevada as 'the gold finder', Charles contributed significantly to the discovery of over five million ounces of gold at the Goldstrike mine were he directed all aspects of near-mine exploration activities. Charles was instrumental in the early stage exploration projects at Cortez including what became known as the Fourmile.
Since joining NuLegacy Charles has initiated a complete revision of our interpretation of the Red Hill’s stratigraphy based on the re-logging of all 223 of NuLegacy’s previous drill holes (54,000 meters) as well as a reinterpretation of all geochemical and geophysical data. He is responsible for our improved understanding of the structural and stratigraphic controls and methodology for finding the higher-grade deposits.
January 2020 - Mark Bradley, Exploration Manager: Mark joined NuLegacy as Exploration Manager in January 2020. He’d spent the previous 14 years with Barrick Gold exploring the Cortez district as their Senior Project/Chief Geologist supervising major exploration teams and as a Principal Geologist assessing new North American exploration opportunities. He was the Cortez Project team leader during the initial discovery of the multi-million-ounce Goldrush deposit for which he was a co-recipient of the Thayer Lindsley Award.
Mark has worked with all NuLegacy’s former Barrick Gold executives and geologists during their tenures at Barrick. He is responsible for the administration and execution of NuLegacy's exploration programs including planning, permitting and drilling so the geo-technical team can, with his input, focus exclusively on following through on the discovery/development of the Rift Anticline.
Royal Gold's contribution: Roger Steininger, Director, QP, now retired as Chief Geologist for NuLegacy, is credited with the discovery of the multi-million-ounce Pipeline gold deposit while working for Royal Gold. Royal Gold’s dramatic growth was initially predicated on the royalty on the Pipeline when Placer Dome, the initial operator brought it into production as a very profitable million ounce per year gold mine.
As one of the founding partners of NuLegacy Roger was responsible for the selection of the Red Hill property while I focused on negotiating the purchase and financing of this, the largest independently owned property in the Cortez gold trend of Nevada.
Albert J. Matter
NuLegacy Gold Corporation | NUG:TSXV | NULGF:OTCQX
C: 604.512.7003 | www.nulegacygold.com
The foregoing is not intended 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 nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. 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 risks and uncertainties 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 under applicable securities legislation.